In Fo­cus: The Fu­ture of the Ac­coun­tancy Pro­fes­sion

Malta Independent - - BUSINESS & FINANCE -

The Malta In­sti­tute of Ac­coun­tants (MIA) has an­nounced de­tails of its bi­en­nial con­fer­ence, which is be­ing held on 25 Novem­ber at the Corinthia Ho­tel, St Ge­orge’s Bay. The con­fer­ence theme is Dis­rup­tive In­no­va­tion: Adapt­ing for your To­mor­row and fo­cuses on the mul­ti­fac­eted chal­lenges faced by the ac­coun­tancy pro­fes­sion in ever-evolv­ing, and of­ten un­sta­ble, so­cio and eco­nomic re­al­i­ties.

Many won­der where the ac­count­ing pro­fes­sion will be in a few years’ time and dis­cus­sions dur­ing the con­fer­ence will cen­tre on a range of thought-pro­vok­ing themes, such as how ac­coun­tancy is evolv­ing, how are the qual­i­ties and the ideal set of skills of a suc­cess­ful ac­counts pro­fes­sional de­fined and how this in­dus­try re­mains rel­e­vant in the dig­i­tal age.

The MIA is a non-profit or­gan­i­sa­tion and the largest pro­fes­sional as­so­ci­a­tion in Malta, rep­re­sent­ing some 3,000 ac­coun­tants and over 800 ac­coun­tancy stu­dents and reg­is­ter­ing some 10 per cent growth in mem­ber­ship each year.

This year’s bi­en­nial con­fer­ence is par­tic­u­larly in­ter­est­ing be­cause it brings to­gether a pool of multi-dis­ci­plinary pro­fes­sion­als – from ac­coun­tants and fi­nance spe­cial­ists, to busi­ness own­ers, psy­chol­o­gists, ICT spe­cial­ists and aca­demics – who to­gether will de­bate the fu­ture ac­coun­tancy faces, away from the stereo­typ­i­cal ‘num­ber crunch­ing’ im­age with which typ­i­cally (and er­ro­neously) the in­dus­try is as­so­ci­ated.

The con­fer­ence will welcome a host of ex­pert lo­cal and for­eign speak­ers from en­ti­ties such as ACCA, ICAEW, FEE, 6pm Group, PwC, Far­sons Group and Deloitte, as well as from uni­ver­si­ties both in Malta and the UK. Top­ics on the agenda in­clude in­ter alia Driv­ers for Change and Com­pe­ten­cies Re­quired, Ex­pand­ing Ex­pec­ta­tions: In­tel­li­gence, Cre­ativ­ity, Dig­i­tal Tech­nolo­gies and Emo­tional In­tel­li­gence. It will also in­clude ses­sions on how to ap­ply new skills to the many facets of the Mal­tese econ­omy.

Lead­ing in­ter­na­tional speak­ers will in­clude Olivier Boutel­lisTaft, CEO of the Fed­er­a­tion of Euro­pean Ac­coun­tants (FEE), Dr Martin Manuzi, EU Re­gional Direc­tor for the In­sti­tute of Char­tered Ac­coun­tants of Eng­land and Wales (ICAEW) and An­thony Walters, Head of Pol­icy for Europe at the As­so­ci­a­tion of Char­tered Cer­ti­fied Ac­coun­tants (ACCA), which is the world’s lead­ing body for pro­fes­sional ac­coun­tants.

The lo­cal key­note speak­ers in­clude Fi­nance Min­is­ter Prof. Ed­ward Sci­cluna, Shadow Econ­omy Min­is­ter Clau­dio Grech and MIA Pres­i­dent Franco Az­zopardi.

“Ac­coun­tants are ex­pected to make pro­fes­sional judge­ments and, in so do­ing, to ex­hibit the high­est stan­dards of in­tegrity,” says Mr Az­zopardi. “More than ever be­fore, in or­der to re­main rel­e­vant, ac­coun­tants need to mas­ter new skills, par­tic­u­larly when it comes to ICT, dig­i­tal and so­cial me­dia. The ac­coun­tants of to­mor­row will need a dy­namic com­bi­na­tion of hon­esty, in­de­pen­dence, tech­ni­cal acu­men and soft skills to suc­ceed in a con­stantly grow­ing mar­ket.”

This year’s event is not to be missed, not only by ac­coun­tants them­selves but also by busi­ness own­ers, CEOs (of both pub­lic and pri­vate en­ti­ties), aca­demics, and stu­dents con­sid­er­ing a ca­reer in the ex­cit­ing in­dus­try of ac­coun­tancy and fi­nance.

MIA Pres­i­dent, Franco Az­zopardi

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