ACCA Finance & Accounting Technical Conference

eemeiyi —  October 31, 2016 — Leave a comment

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The second edition of ACCA Finance & Accounting Technical Conference was a success, covering a broader and deeper suite of topics for leaders in accountancy and finance over 13th & 14th October 2016.

The event was well-attended by 250 delegates comprising of members as well as invited guests such as regulators, local accountancy bodies, education partners and approved employers.

Over 30 industry leaders spoke and examined technical issues against the backdrop and impact of advancing digital technologies. There were animated panel discussions about the relevant changes and significant technical developments in corporate reporting, audit, tax, technology and new emerging areas of interest.

Split in four themes – Future Audit, Tax, Reporting and Services – delegates delved into detail of what are the hot buttons in these areas and how technology plays a big part in changing the business landscape. More importantly what we can do to ensure professional accountants are fit for the future.

We conducted several polls during the conference on our panel discussion topics, to find out if our delegates felt confident if they are equipped with the right skillsets for their future or if robotic process automation (RPA) will be implemented as standard practice in in auditing firms in future.

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The poll results show that 35% of our delegates think they will not have the requisite skillsets to audit organisations operating within private blockchains in the foreseeable future calling to mind a need to improve and upgrade their skills. 42% of them felt that the Singapore tax system is not sufficiently mature to deal with transactions and value flows in the digital environment.

Following 2 days of keenly discussed topics, feedback from the delegates was on a positive note, having found the panel discussion topics relevant and appreciated the fact materials are available in soft copy for their future usage.

If there are topics you are interested to see covered in future events, leave your comments here.

 

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