The Executive Council of International Institute of Certified Forensic Accountants (IICFA-Ghana Chapter) has warned its members not flout the code of ethics and standards of practice of Professional Accounting skills, Investigative skills, Analytical skills, Integrity and Objectivity as they probe the revocation of banking licenses of some banks by the Bank of Ghana.
A caution statement signed by AWUNI AKYIREBA, Public Relations Officer (PRO) of IICFA-Ghana Chapter, explained it is within the purview of its members to conduct forensic investigations into financial improprieties arising out of Fraud, Corruption, Corporate Governance Infractions and issues bothering on public accountability, but this must be done in line with their professional standard.
The caution statement consequently reminded members of IICFA-Ghana that any violation of the professional conduct shall attract serious sanctions, giving the serious view the council takes on the unfortunate happenings in the banking sector.
Notwithstanding, the statement assured the general public of IICFA-Ghana Chapter’s resolve to fighting corruption, fraudulent activities, injustice and institutional weaknesses in order to bring the needed socio economic development to Ghanaians.
Read full Statement below
CAUTION STATEMENT TO MEMBERS OF THE INTERNATIONAL INSTITUTE OF CERTIFIED FORENSIC ACCOUNTANTS, (IICFA) – GHANA CHAPTER, ON THE RECENT BANKING CRISES IN GHANA
MONDAY, 13TH AUGUST, 2018
Following the August 1, 2018, announcement by the Bank of Ghana on the revocation of banking licenses of five (5) banks and two (2) other banks in the past few months, many social commentators, Forensic Accountants / Auditors, Financial Analysts, Politicians and a section of the media have, legitimately, questioned the corporate governance structures of these banks and the supervisory role of the Central Bank.
It is against this background that the Executive Council of IICFA-Ghana Chapter wishes to state that, though, it is within the purview of its members to conduct forensic investigations into financial improprieties arising out of Fraud, Corruption, Corporate Governance Infractions and issues bothering on public accountability, members should do so with regard to professional code of ethics and standards of practice of Professional Accounting skills, Investigative skills, Analytical skills, Integrity and Objectivity.
Any violation of these professional conducts shall attract serious sanctions giving the serious view the council takes on the unfortunate happenings in the banking sector.
Nonetheless, we wish to assure the general public of our resolve to fighting corruption, fraudulent activities, injustice and institutional weaknesses in order to bring the needed socio economic development to our nation, Ghana.
AWUNI AKYIREBA (0501 363 192)
PRO, IICFA-GHANA CHAPTER FOR Country Rep, IICFA-GHANA CHAPTER
Source: Ghana/otecfmghana.com
