African Accountants Association Plans To Develop Effective Policies As Digital Economy Forces Industry To Adjust To New Trends

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The Association of Chartered Certified Accountants (ACCA), the global body for professional accountants is making plans to set up policies that will help its members adapt to new trends in an ever-changing digital economy. The Association has acknowledged the rapid spread of new technology, which has prompted accounting industry stakeholders to re-evaluate their approach to how they operate within the sector.

This was the outcome of the recently-concluded first ever ACCA Africa Members’ Convention, which was held in Addis Ababa, Ethiopia, earlier this month. The three-day event’s theme centered on ‘The impact of socio-economic trends on the future of finance and business in Africa’.

ACCA is the global body for professional accountants, offering business-relevant, and first-choice qualifications to people of application, ability and ambition around the world who seek a career in accountancy, finance and management.

The Association supports 200,000 members and 486,000 students in 180 countries, helping them to develop successful careers in accounting and business

ACCA’s inaugural event saw significant and relevant issues facing the accountancy profession being discussed.

Several influential and renowned finance and business leaders from across the continent were in attendance, including Ambassador Mumba S. Kapumpa a Corporate Governance Expert form Zambia; Professor Nii Quaynor, who is touted as the father of the internet in Africa; Dr. Nigel Chanakira, Chairman of an organization known as the Success Motivation Institute and Walter Muwandi, CEO of CCG Systems, South Africa; and Daniel Asapokhai, Executive Secretary, CEO of the Financial Reporting Council of Nigeria, among others.

ACCA President, Leo Lee and other council members were in attendance along with over 750 Association members from 31 countries. The highlight of the 3-day conference was the unveiling of the Member Wall to commemorate ACCA reaching a milestone of 200,000 members worldwide.

“I am delighted that the ACCA Africa Member Convention was able to bring together the best and brightest of the African accountancy profession,” Jamil Ampomah, director of ACCA Sub-Saharan Africa remarked.

“This conference was a fantastic opportunity for finance professionals to share their insights and discuss the topical issues they face,” he added.

The ACCA Africa Members’ Convention addressed issues on the future role and relevance of the professional accountant in Africa, the impact of the shifting paradigms of social expectations and the economic focus supported by rapid digital transformation.

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