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MIA Digital Technology Blueprint to prepare Malaysian accountants for digital economy

The Malaysian Institute of Accountants (MIA) has launched its MIA Digital Technology Blueprint in order to help the accountants manage widespread changes arising from the digital economy and Industrial Revolution 4.0 (IR4.0).

According to the announcement made by Bernama, the launch was held during MIA’s inaugural AccTech Conference 2018. Both the blueprint and the conference are part of MIA’s ongoing digital initiatives as it seeks to prepare the Malaysian accountancy profession for the future as well as provide more value to the ecosystem.

MIA is the national accountancy body that regulate, develops, supports and enhances the integrity, status and interests of the profession in Malaysia. It was established under the Accountants Act 1967. MIA works closely alongside businesses allowing it to connect its members to an unmatched range of information resources, events, and professional development and networking opportunities.

MIA CEO Dr Nurmazilah Dato’ Mahzan explained, during her welcome remarks at the conference, that 5 driving principles outline the MIA Digital Technology Blueprint 2018-2023. The 5 principles that will serve as guide for Malaysian accountants so that they can respond appropriately to digital technology are: assessing digital technology trends; identifying capabilities; harnessing digital technology; funding; and governance.

The role of MIA in supporting its members in the 5 principles is also set out in the Blueprint. Its role involves educating and upskilling MIA members and accountants in Malaysia on emerging core areas such as big data analytics, cloud computing, automation and artificial intelligence.

MIA President Encik Salihin Abang expressed confidence that the Blueprint would help MIA members and accountants in Malaysia to adopt the technologies that suit their business, large or small, during his special address at the MIA AccTech Conference 2018.

The Blueprint was prepared by the MIA technical team with inputs and guidance from MIA’s Digital Economy Task Force.

International Federation of Accountants (IFAC) President Ms Rachel Grimes attended the MIA AccTech Conference 2018 as its guest of honour. Ms Grimes commended MIA, a member body of IFAC, its efforts to prepare accountants in Malaysia for the digital economy and IR4.0. 

Aside from that, Ms Grimes also discussed during her keynote address about IFAC’s effortsIntelligence, which include Robotics, Blockchain, Cybersecurity and Communications, and Data Analytics.

400 delegates were in attendance at the conference, which featured 3 plenaries and 6 breakout sessions. MIA thanked the participants and the people behind the success of the MIA AccTech Conference 2018. They are the speakers, MIA’s Digital Economy Task Force, MIA’s Technology Committee and sponsors Fusionex International, Beans Group, Kollect Systems, Microsoft Malaysia, NUMA Solution, Wavelet Solutions and Autoscan Technology.

Presently, there are more than 34,500 MIA members making their strides in businesses across all industries in Malaysia and around the world.

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