ICPAK in Partnership with CaseWare Africa
Date: 1st to 2nd October 2020
Time: 09:00-13:00 Hours
Venue: Virtual Exhibition
Overview
New technology is offering new ways of doing business and the Accountancy profession is under pressure to retain relevance in the ever-changing business environment. Looking ahead, the future of Finance, Accountancy and Auditing appears disrupted by advanced technologies that will keep on redefining the role of the Finance and Audit functions in the immediate future. Blockchain technology is slowly redefining the way financial records are kept by allowing secure shared access and updating of records by multiple users departing from the earlier approach of centralized custody for all financial records. The rise of cloud accounting technology has allowed the Accountancy profession to partner with the clients in ways that initially looked impossible. By allowing access to accounting data from anywhere on any device cloud accounting is also redefining the norms of on – premise accounting by providing accurate financial information real time. Similarly, the audit profession is facing disruption from emerging technologies that simplify analysis of data and improve the judgements of audit professionals. To meet the market expectations audit professionals will have to collaborate with the technology companies and be drivers of the disruption and not the victims. The East African digital CPA conclave seeks to showcase how emerging technologies in the marketplace are redefining the future of Finance, Accountancy and Audit professions.