Technology can be a vital tool to help rebuild trust in the accounting profession. This was the view of Michael Armstrong, the Institute of Chartered Accountants in England and Wales (ICAEW)’s Regional Director in the Middle East, Africa and South Asia, expressed at the recent 48th Annual Accountants’ Conference.
The conference, which was themed: ‘Securing Our Shared Future: A Collective Responsibility’ took place at the International Conference Centre and Sheraton Hotels, Abuja, from October 1 to 5, 2018.
Armstrong, who made a presentation at one of the workshops titled: ‘Accounting Firms of the Future: Challenges and Opportunities’, stated that the accounting profession was set to witness exciting times ahead, in a changing world.
He said: “Our profession is currently under a great deal of scrutiny with the media reporting corporate failures, criticism of accountants and auditors, and sanctions being imposed on what can sometimes feel like a daily basis. All Chartered Accountants are under scrutiny. As defined by our Royal Charter, the fundamental function of bodies like ICAEW and ICAN are the protection of public interest. Due to the loss of public confidence, the key challenge facing the profession and …read more