May 14, 2018

President of the Institute of Chartered Accountants Ghana (ICAGH), Christian Sottie, is calling for amendment to the current Parliamentary Act 1963 that regulates the accounting profession to reflect current trends in the profession.

According to the former Controller and Accountant General, the current law is lacking behind and over the years they have been trying to bring a new Bill which will be in line with current happenings in the accounting profession.

And further added that ICAGH had raised the issue with the Ministry of Education which they fall under but they had been moving back and forth on the issue but are almost at the end of the draft Bill which will be taken to cabinet soon.

Mr. Christian Sottie urged Parliament to look favorable to their Bill when it comes to the House. He made this remarks when ICAGH and Institute of Chartered Accountants England and Wales (ICAEW) paid a courtesy call on the Speaker of Parliament.

So many things are happing all because we did not envisage so many things and we do not have legal backing to deal with those things, key among them, people parading themselves as “Chartered Accounts of which they are not”, he said.

He noted that the new Bill that will come before Parliament when passed will give ICAGH the moral strength to be able to regulate some of these things.

By: Kwaku Sakyi-Danso/