THE business landscape is being reshaped by a combination of volatility, globalisation and technology innovation. With the digitalisation of business, issues such as the valuation of digital assets, cybersecurity, cloud computing, big data and data mining are affecting professionals, particularly those in the accountancy sector.
Accountancy professionals need to supplement their expertise with a broad understanding of the application of existing and emerging technologies and the new skills that they demand. Collectively, what do these changes mean for the future of the accountancy profession? How can accountants adapt and, if needed, develop new skills? These questions, and more, will be discussed at the Association of Chartered Certified Accountants' (ACCA) Singapore Annual Conference which will be held on May 12 from 9am to 5.30 pm at the Raffles City Convention Centre.
This year's conference is slightly different from previous years as it runs as a regional series of conferences with the theme of looking into the future of business and the accountancy sector. Key speakers at the Singapore conference such as Magnus Lindkvist, who is a futurologist and trendspotter, and Faye Chua, ACCA head of future research, will be travelling in Asia-Pacific to deliver talks on similar topics.
The conferences will be held in Hong Kong, Guangzhou, Shanghai, Kuala Lumpur and Beijing from May 10 to May 15.
The Singapore conference, as well as those in the region, will explore the impact of technology through the perceptions and voices of futurologists, thought leaders and outstanding researchers in this field.
It aims to offer insights that will help accountants and businesses to prepare for this new world of possibilities. It will also include thought-provoking discussions to address the mega trends of the future and the impact it will have on both business and the accountancy sector.
ACCA is the largest and fastest-growing global professional accountancy body with 162,000 members, 426,000 students in 173 countries, 89 offices and centres and more than 8,500 Approved Employers worldwide. There are about 9,900 ACCA members and affiliates in Singapore.
In Singapore, ACCA traces its origins back to 1936. The organisation enjoys a reputation as an established brand with an excellent track record in Singapore. ACCA is recognised in the Accountants' Act 2004. In 2005, ACCA signed a Mutual Recognition Agreement (MRA) with the national body, ISCA. The MRA strengthens ACCA's relationship with ISCA and expresses ISCA's commitment to work with ACCA in enhancing the quality of the accounting profession in Singapore.
ACCA has the largest accounting student population in Singapore with some 27,000 members, students, and affiliates.