Nahimah Ajikanle Nurudeen
The Association of Chartered Certified Accountants (ACCA) has unveiled a new Ethics and Professional Skills Module, EPSM to further equip its members against ethical violations.
The global body of finance professionals and accountants at the official launch of the new module at Four Points by Sheraton Hotel, Oniru, V.I on Wednesday said the course will be available to students on 31st October, 2017.
According to the ACCA’s head of Education and Development for Sub-Saharan Africa, Jonathan Mbewe, the new EPSM was the body’s response to corporate organizations and employers request for more observance of ethical standards by ACCA members.
He said the module is not a mere guidelines on ethics because it cut across professional ethical requirements to become an ACCA certified member.
Mbewe noted that ACCA exists for over 100 years because of constant change adopted in 3Es around its qualification.
Explaining the 3Es, he said members must write exams, demonstrate experience and displayed certain level of ethics to be ACCA qualified.
He said in the change that has occurred to these Es, ethics remain centre of focus to ACCA along with elimination of paper examination as well as demonstration of competence.
Mbewe said, “By 31st October, nobody will be qualified for ACCA except with a minimum skills demonstration of EPSM. Students will be assessed based on the module and they have to pass it.
“It is not just a requirement but, a development that will help and build them for strategic and business leadership.”
He hinted on plan by ACCA to launch strategic and business leadership case study module by September 2018 to prepare its members for top positions.
Also, the Country Manager, Dale Carnegie Training, Patrick Nwankogo described ethics as a global issues which not peculiar to Nigeria.
Nwankogo who spoke on ‘The Essence of Ethics’ Talks on Global Ethics Day’ said ethics is not law but, moral value observed by people to doing the right thing.
He emphasized the need for people to avoid compromise considering the negative implications on individuals, corporate organisations and the society.
Nwankogo who listed four categories of people in ethics compromise as by standards, participants, activists and die hard said, “If it is not right, it cannot be right”.
Thomas Isibor, Market Head, ACCA Nigeria remarked that the body renovated its qualification to address those areas employers want in accountants and finance professionals of the future.
He said with the renovation of the ACCA qualifications, ACCA’s accountants of the future are already living today.