President of IFAC, In-Ki Joo, in his remarks said that accountants must embrace with the latest technology development. Therefore, the accounting profession needs to understand the opportunities and challenges that come in the digital age as a whole, while increasing adaptability capabilities to various shifts in relevant competencies. Technology can be a gift for professional development, but it can also be a serious threat to accountants. Accounting profession as the main stakeholder of financial reporting is expected to adapt to stay relevant. This change also affects the interaction of economic players, from the interaction of producers and consumers, to the interaction of shareholders and management. Technology continues to reshape the business and economic model into the level of goods and services transactions. The Conference provides opportunity for participants to hear the latest trends affecting the profession from key contributors such as Prof Mardiasmo (President, IAI), In-Ki Joo (President, International Federation of Accountants), Kon Yin Tong (President, ASEAN Federation of Accountants), Anne Marie Vitale (Chair, IAESB), CFO/COO from various industry, global accountancy professionals, and more.
Focusing on the theme of Competencies for the Future: Professionalism of Accountants in the Disruption Era, the Conference looks at key issues such as Information and Communications Technology (ICT) skills and opportunities and challenges for professional accountants in the digital era, the need for professional accountants to become better sceptics, and how professional accountants need to be responsible with their development as a way of enhancing their capacity and accounting competencies. They participated in IAI AFA in the IAI-AFA-IAESB International Conference 2019 ( #iaiintconf2019) which take place on 11-12 April 2019 in Nusa Dua, Bali. (Nusa Dua, Bali - April 11, 2019) – Professional accountants from more than 20 countries in the world, gathered in Bali to find solutions to the global economy that were affected by disruption in the Fourth Industrial Revolution.
Harnessing the Best of Technology, Key for the Accountancy Profession to Ensuring Their Relevance - IAI-AFA-IAESB International Conference
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