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Audit Opinion ICAG Position Statement

INTRODUCTION
The International Standards on Auditing (ISAs) was officially adopted by the Institute of Chartered Accountants Ghana (hereafter referred to “The Institute”) in January 2012. All auditors are expected to apply the clarified ISAs in auditing their clients’ Financial Statements for the years ending on or after 31 December, 2012.
Subsequently, The Institute published a directive in the Daily Graphic in December 2012 on the signing of audit reports which stated:

“An audit report must:

State the name and practising certificate number of the responsible individual who was in charge of the audit and must be signed by this person in his own name and dated accordingly; and also

State the name and the licence number of the firm.” click here to download full document

ADOPTION OF INTERNATIONAL STANDARDS ON AUDITING (ISAs) IN GHANA

THE INSTITUTE OF CHARTERED ACCOUNTANTS (GHANA)
IMPORTANT NOTICE TO ALL PROFESSONAL ACCOUNTANTS
ADOPTION OF INTERNATIONAL STANDARDS ON AUDITING (ISAs) IN GHANA

The adoption of ISAs in Ghana was officially announced in January 2012. All auditors are expected to apply the clarified ISAs in auditing their clients’ financial statements for the year ending on or after 31st December, 2012.

Subsequent to the publication in December 2012 and after further consultations with our practitioners, The Institute is restating the position on the signing of the audit reports as follows:

 “An audit report must:

  • State the name and the license number of the firm and signed in the name of the firm;
  • State the name and practicing certificate number of the responsible individual who was in charge of the audit;
  • Disclose “Chartered Accountants” ;
  • State the address of the firm and
  • State the date of the report.”

For further information, please contact:
The Chief Executive, The Institute of Chartered Accountants (Ghana)
P. O. Box 4268, Accra
Office Location: Okponglo, East legon on Trinity Theological Seminary – IPS Road

Tel: 0544336701-2, 0288700101
Email: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
Website: www.icagh.com

Members' Journal

ICAG members are kindly informed that the quarterly journal will henceforth be posted online. Kindly check on the homepage for the members' journal banner on the righthand side of the page.

Thank you.

New Executive Director for International Needs Ghana

edwardMr. Edmund Vanderpuye is the new Executive Director of International Needs Ghana (INGH). He took over from Very Rev. Walter Aboagye Pimpong who served in the capacity for 30 years as the pioneer Executive Director for 14 years and rose through the ranks to his current position. He started as an Account Manager for the poly Group of Companies (now Mohinani Group) and Prah Ameyaw & co (a firm of Chartered Accountants and Tax Consultants) from 2002 to 2005. Edmund returned to INGH in 2005 as head, Finance and Administrative Director from September 2011 to October 14th 2014 when he assumed the position of Executive Director.

Edmund holds a Master’s Degree in Business Administration from the University of Leicester UK, and a master of Arts Degree in Theology and Mission (Holistic Mission and Development) from the Akrofi- Christaller Institute of Theology, Mission and culture, Akropong-Akwapim. He also holds an advanced Professional Diploma in Corporate Governance from the institute of Directors and a Diploma in Management Development of NGOS from the Galilee international Management Institute in Israel. Edmund is a Chartered Accountant and a member of the Institute of Chartered Accountants Ghana and the Institute of Directors   

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SPEECH DELIVERED BY ICAG PRESIDENT AT THE PREMIER COCKTAIL PARTY TO LAUNCH THE FACULTY SYSTEM ON FRIDAY, 12TH DECEMBER 2014 AT LABADI BEACH HOTEL, LA, ACCRA

Mrs. Angela Peasah, IPP,
Colleague Council Members,
Founding Deans and Vice Deans,
Members of ICAG,
Invited Guests,
Ladies and Gentlemen,

Introduction
In the course of this year, we have as an Institute, been trumpeting the formation of Institute of Chartered Accountants, Ghana’s (ICAG) Faculty system to provide thought leadership in our effort to develop the competencies of Chartered Accountant (CA) professionals and to provide advice and advocacy to influence and promote sound accounting practice and accountability in Ghana.

This evening, ICAG again is making history as we launch the ICAG’s Faculty system, a vision, captured in the 2014-16 Presidency agenda.

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