ICAN has a New President, Profile of the 59th President of ICAN, Innocent Iweka Okwuosa
The Institute of Chartered Accountant of Nigeria (ICAN), has a new President, Innocent Iweka Okwuosa (Dr.) PhD, CPFA, FCIB, FCA, the Governing Council of ICAN elected him as the 59th President of ICAN on Wednesday 31st May 2023.
Below is his Profile,
The President, Innocent Iweka Okwuosa (Dr.) PhD, CPFA, FCIB, FCA holds a BSc in Accounting and an MSc in Banking & Finance and another MSc in International Accounting and Finance from University of Stirling, Scotland; a PhD in Accounting from the prestigious Henley Business School, University of Reading, UK. He also has a PGCert in Teaching and Learning in Higher Education, UK and is a Fellow of Higher Education Academy, UK.
Dr Okwuosa is currently an Associate Professor of Accounting and Head of Department of Accounting, Finance & Taxation, Caleb University, Imota, Lagos, a position he has held since 2019.
Dr Okwuosa was first elected into the Governing Council of the Institute of Chartered Accountants of Nigeria (ICAN) in 2011. He has served the Institute in various capacities including Chairman Examinations and Syllabus Review Committee among several others before his election as the 2nd Deputy Vice President.
He initiated the current Mutual Cooperation Agreement with Tertiary Institutions (MCATI) following the ICAEW model with selected UK universities. In addition, he co-ordinated and anchored the ICAEW-ICAN Pathway which enables ICAN members in good standing to apply and become members of ICAEW without writing any exams. This has enhanced the ICAN brand globally. He played a key role in the implementation of the on-screen marking of ICAN professional examination. This has resulted in quadrupling the viability of the professional examination for the Institute. Dr Okwuosa succeeded in enhancing ICAN Professional Examination Model from two-exams to three-exams model in a year, thereby increasing the chances of students qualifying faster given more chances to write same exam.
Dr Innocent Okwuosa started his career at the then Nigerian Industrial Development Bank, now Bank of Industry and rose to become Senior Accountant and Head of Accounts and Management Information Unit within the Finance Division. He later trained with Horwarth Dafinone & Co (Chartered Accountants) where he acquired practical accountancy and audit experience. He was a co-founder of a leading professional accountancy tuition house, Safe Associates with responsibility for training staff of KPMG, PriceWaterhouse Coopers, Ernst and Young and Deloitte among others for their professional accountancy education. To this end, he distinguished himself lecturing Financial Accounting and Reporting. It was while lecturing in Safe Associates that he authored the popular Group Accounts and Advanced Financial Accounting Manual which was widely used by professional accountancy and tertiary institution students.
Before joining Henley Business School in 2016, as a Lecturer in Accounting after completing his PhD in that university, Dr Okwuosa was an Honorary Lecturer with University of Liverpool. He also worked as Finance Administrator with Australia Trade Commission, London.
As an expert in International Financial Reporting with Entop Consulting Ltd, Dr Okwuosa carried out IFRS implementation for many listed and private companies and delivered corporate training on IFRS.
He is a fellow of the Chartered Institute of Bankers of Nigeria and the pioneer Chairman Chartered Institute of Bankers, UK Branch . He has been a regular member of ICAN delegate to UNCTAD ISAR conferences.
Dr Okwuosa sits at the board of African Integrated Reporting Council and is the Chairman of Nigerian Integrated Reporting Committee as well as a member of the Industry Working Group, Sustainability Accounting Standard Board (SASB), US. He is also a member of IFAC International Panel on Accounting Education (IPAE), New York. He was President of Matori Lions Club from 2004 to 2005.
He is happily married with children.
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