ANAN Urges Accounting Professionals To Embrace Tech Innovations”

In a bid to enhance the efficiency and effectiveness of accounting professionals, the Association of National Accountants of Nigeria (ANAN) is advocating for significant technological advancements within the accounting field…..READ ALSO

During the 1st session of the 2024 Mandatory Continuing Professional Development (MCPD) program held in Lokoja, Kogi State, ANAN emphasized the importance of embracing technology to stay abreast of contemporary accounting practices.

Dr. James Ekerare Neminebor, the President and Chairman of Council of ANAN, underscored the pivotal role of technology in revolutionizing accounting processes. Addressing professionals at the event, he highlighted the theme, “Technology Innovation in Accounting and Internal Control,” emphasizing the need for experts to adapt to evolving technological landscapes.

Dr. Neminebor stressed that leveraging emerging technologies would not only enhance the value of accounting professionals but also elevate the standard of the profession as a whole. He emphasized the critical role of technology in streamlining business strategies and bolstering risk and control functions within organizations.

Furthermore, Dr. Neminebor shed light on specific technological innovations such as Robotic Process Automation (RPA) and Artificial Intelligence (AI), which have the potential to revolutionize traditional accounting practices. He emphasized the importance of these innovations in improving reliability, accuracy, and consistency in accounting processes.

Additionally, Dr. Neminebor highlighted the implications of technological advancements on data security and ethical considerations, emphasizing the need for robust internal controls to mitigate potential risks.

ANAN’s advocacy for technological advancements in accounting reflects a broader commitment to fostering innovation and excellence within the profession. As accounting practices continue to evolve in the digital age, embracing technology becomes increasingly imperative for professionals to maintain relevance and effectiveness in their roles.