Integrating Tomorrow’s Technology

SHARE:

What technology skills are needed by new accountants and how can higher education develop those skills quickly enough to meet current needs will be the topics for a panel of outstanding educators at NASBA’s Annual Meeting. NASBA Director-at-Large and Chair of the International Accounting Education Standards Board (IAESB) Consultative Advisory Group Raymond Johnson will moderate the discussion with American Accounting Association President Marc Rubin, International Accreditation Council for Business Education President Phyllis Okrepkie and IAESB Deputy Chair Anne-Marie Vitale.

The International Federation of Accountants recently announced a new model for the oversight of its accounting education standards-setting work. Ms. Vitale, who will be the chair of the new advisory group stated: “Global business, technology, and education imperatives are placing new demands on the global profession, and we must anticipate and prepare for the future. We will work with key stakeholders to develop a model that considers, addresses, and advances the needs of current and future accountants and acts in the public interest to progress a robust and relevant accountancy profession.” The model will be overseen by the IFAC Board instead of the Public Interest Oversight Board.

The new model is to begin operations on July 1, 2019. With this date in mind, the IAESB is accelerating the completion of the projects it has been working on including the revision of its standards on Continuing Professional Development and finalizing its work on Information and Communications Technology and Professional Skepticism.