Leaders of the accountancy and finance profession gathered at the Hilton Park, Nicosia, for the 2017 ACA Graduation Ceremony, on Tuesday 31 January 2017. 160 graduates celebrated passing the ACA exams, as the first stage of becoming ICAEW Chartered Accountants.
Some 450 people were present at this year’s event, including ICAEW President Hilary Lindsay, who joined as the main speaker to congratulate the students on their success. The ceremony was also addressed by the CEO of Hermes Airports Ltd and ACA, Eleni Kaloyirou, ICAEW Contact Member, Nicos Syrimis and the ICPAC President, Demetris Vakis.
The graduation ceremony highlighted the tremendous achievement of the students and the importance of their future career. Special congratulations were given to the global ACA prize winners: Sofia Papageorgiou from PwC, who won the Financial Reporting in September 2016 and Achilleas Papdakis from Deloitte who won Financial Reporting in December 2014 Professional Level sitting. From the November 2016 sitting, Martinianos Papadopoulos from PwC who achieved joint first place in Audit and Assurance and first place in Financial Accounting and Reporting; Andreas Constantinou from PwC who achieved joint first place in Audit and Assurance; and Charalampia Skordi from KPMG who achieved joint first place in Audit and Assurance.
Addressing the successful students, Hilary Lindsay congratulated them on taking a major step towards a rewarding and successful career, noting that they would face challenging responsibilities but many opportunities.
Hilary Lindsay said: “What you can do now, and will have been doing throughout your studying, is helping businesses and society build trust.”
She also pointed out that following significant economic difficulties, the outlook for 2017 in Cyprus is positive and that ICAEW’s vision ‘a world of strong economies’ will need to be supported by skilled and ethical finance professionals who play a part in strengthening Cyprus’ economic future.
Cyprus now has almost 100 authorised ICAEW training employers offering ACA training, the high demand for these firms to employ ACA students being a good indication of economic growth for 2017.
Speakers also talked about the need for accountancy qualifications to remain relevant and up to date ensuring that firms can continue to support Cyprus’ economic future by training the next generation.
The speakers also highlighted that passing professional accountancy exams is just the beginning to an exciting and varied professional journey. The high level of results this year demonstrates the skill and commitment of students from Cyprus, who will have the opportunity to make a positive impact on the country. The next step for these graduates is to complete the practical work experience requirements before they can call themselves Chartered Accountants or become ICAEW members.
President Lindsay concluded “ICAEW Chartered Accountants in Cyprus play a crucial part in rebuilding the nation’s economy.” using their skills to create a better future and to drive economic success in Cyprus in the years to come.