Business
CITN Hold Uniform Accounting Data Seminar
In a bid to enhance members’ professional skills and educate them on basic accounting date in the banking sector, the Chartered institute of Taxation of Nigeria (CITN) is organizsing a capacity building programme to this effect this November.
The Seminar titled; “Uniform Accounting Data in the bank Industry – Issues and challenges” according to Femi Fajolu, the institute’s registrar/Chief executive, is a comprehensive information exchange to be adequately aware of the development across the broad spectrum of the banking sector.
The capacity building programme slated for this month in Lagos for members and other stakeholders is part of the CITN’s sustained effort aimed at enhancing members’ professional skills.
Fajolu said a topical issue of this nature could not have come at a better time considering the prevailing financial crisis in the banking sector.
He explained that the ailing financial sector needs sound decision making and global standard practice that will fast tract reforms in the financial institutions and position the economy for a rapid and sustained growth and development.
According to the registrar, the programme will feature seasoned tax practitioners and administrators including M.A.C. Dike of the federal Inland Revenue Service who will present a paper on “Tax Implication and Basic Accounting Issues”.
The Central Bank of Nigeria has opened Nigeria’s understanding on the need for caution and more attention to risks in lending and the implication for shareholders.