Accounting Legacy: Chairman of Audit Committee Institute Calls for Akintola Williams University




Whatsapp News

By Chibuike Nwabuko

Abuja (Sundiata Post) – The Chairman of Audit Committee Institute (ACI), Christian Ekeigwe, has called for the establishment of Akintola Williams University of Africa.

According to Ekeigwe, the establishment of Akintola Williams University of Africa will be a constant reminder to all accountants Nigeria and, indeed Africa, of the salient contributions of Pa Akintola Williams to the accountancy profession Nigeria and the whole of Africa hand and unarguably, the best way accountants in Nigeria and Africa can say a befitting ‘thank you’ to Pa Williams on the other.

Ekeigwe who is a fellow of The Institute of Chartered Accountants of Nigeria (ICAN) and Certified Public Accountant (CPA, Massachusetts), described Mr. Akintola Williams as the father of the accountancy profession Nigeria, nay, Africa.

Ekeigwe made the call “A Letter to my Profession III” titled “A Pithy Call for Akintola Williams University of Africa – Generational Gratitude Matters.”

He said “Our benefactor, mentor, and doyen, sage and luminary, in the pantheon of accounting, the centenarian Pa Akintola Williams, exerted discretionary energy to grow the profession in our community, for the benefit of posterity …. For forbearances we are beholden to him.”

Describing Pa Williams as a “beauteous decoration of accounting and our civilization,” he said Pa Williams“lives life affirming the promise of accounting, guarding financial truth, ensures that audited numbers remained inviolate, ensuring the sanctity of illocutionary audit opinion, and did not lead clients and society to trust the untrustworthy.” He is a fine man of responsible prosperity who did not exploit, but rather healed, the vulnerabilities of society when he practiced accounting, he added.

Ekeigwe stated that, unarguably, the best way accountants in Nigeria and Africa can say a befitting ‘thank you’ to Pa Williams is to establish a university in his name, noting that the university will also contribute to his wish of leaving a legacy that honours the “promise of accounting” with true professionalism.

According to Ekeigwe, “The promise of accounting or accounting promise is the totality of what society expects accounting and which the accounting profession has historically pursued to deliver”. He stated that accounting promised society to be a faithful, steadfast gatekeeper that will bring certainty to stewardship accountability for performance, results and efficiency.

Accounting also promised society that it will be a socially responsible profession whose membership prescind to think logically and exercise judgment courageously without being swayed by the whims and caprices that rule the air, he added. Interestingly, he said, Pa Williams, a phronimos, lives to the promise of accounting and his life in accounting practice reassured investors that the sanctity of audited account numbers is inviolate and that the illocutionary force of the words of his opinion conferred certitude to “true and fair view” of the affairs of the entity as presented. He maintained that

“The Akintola Williams University of Africa should also be a brand-new institution, not a remake or renaming of some ossified institution with superannuated infrastructure, malodorous culture; it should not be an ostensible educational institution which exists only as a modern engine of credentialism. (And it will be diminishing to just name a Department of Accounting in a university or or a building after him.) Such institution might be beset by a specific hysteresis that defies forces of progress.”

Ekeigwe is genuinely and deeply worried for the of the accounting profession in the country, as the current generation of accountants has evidently developed a literacy, and is being taken by credentialism without true empowering education, but with “rush to solve,” hedonistic, instant gratification inclinations. He is particularly worried by the impact of technology addiction on the younger generation of accountants.

According to him, technology addiction is diminishing the ability of the younger generation of accountants to prescind to thinking to be “informed,awake, alert and attending” to the duties of an auditor, adding that the younger generation wish that would automate thinking. He pointed out that “in their aliteracy the younger generation no longer reading tomes of printed books containing the wisdom of our profession (despite their being full of intellectual promise).”

According to him, traumatized and occupied by the distractions of overload, the younger generation prefer online summaries of someone’s thoughts. He described this as a big learning disability, maintaining that the younger generation needs to be made to see it as such.

Ekeigwe acknowledged the fact that the world stage that accountants of the will serve will be feral than during Pa Williams’ years in practice. He therefore advised that in addition to being disciplined, the accountants and auditors of the must be indomitable and stolid in character, assured of responsible prosperity, in order to strongly contend with indurate DarkTriad “snakes in suits” found in boardrooms who have the audacity to dupe auditors.

He however noted that Akintola Williams & Co. was presciently ahead of in training accountants of the . He explained that “It is for this reason, among , that I believe that a prepotent Akintola Williams University of Africa, riffing on the model of Pa Williams and his partners, and certainly on the experience of other accountants, will contribute to the great of the profession in Africa by training accountants in a way that restores society’s reliance on the original condition in the audit compact with the accounting profession”.

“Once again, I invite all to please join the call for the establishment of Akintola Williams University of Africa. We shall do it actively, with deserved transcending discretionary ardor, not with banal, stale platitudes. This call is not faddish, elite schmaltz.

It is unarguably a moral generational duty”, he appealed, noting that “Generational gratitude matters. It is beneficial for the well-being of all.”