Kuala Lumpur, 8 July 2019 – The Malaysian Institute of Accountants (MIA) continued to advocate intensively for the profession to adopt and embrace technology at the second MIA AccTech Conference 2019 – Advancing Tech for Next Generation.
MIA CEO Dr. Nurmazilah Dato’ Mahzan, a passionate evangelist for technology transformation and enablement for accountants, set the tone for the Conference in her opening presentation – Plenary 1: Moving The Needle On Tech-Enable Accounting.
“Our purpose or strategic agenda with digital is to enable the profession, make it more relevant and create higher value by integrating technology across all our stakeholders – both internal and external. By using technology as an enabler, this helps MIA to be more efficient and effective in achieving our overall holistic purpose, which is to regulate and develop the accountancy profession to support nation building.” said, Dr. Nurmazilah.
She touched on the fluid technology landscape and impacts on the profession, focusing in particular on how accountants should respond to disruption and threats of job obsolescence. The solution lies in reskilling and acquiring digital wisdom to navigate the digital economy.
She advised accountants to “take the initiative to change and acquire the skills that enable you to carry out high-value and high-level cognitive non-routine roles.” Most important to enable technology transformation is for accountants to embrace the right mindset and culture, to be curious, resilient and adaptable.
On top of acquiring new skills, accountants need to pivot to digital wisdom (a term first coined by education reformist Marc Prensky) and digital governance. By integrating digital wisdom and good governance in its development offerings, MIA hopes to deliver a new paradigm of learning that creates highly competent and ethical tech accountants.