By Onyekachi Agu

The Institute of Charted Accountants of Nigeria (ICAN) has promised to deepen its collaboration with the Accountancy Department in ESUT.

The President, ICAN, Dr Davidson Alaribe disclosed this to ESUT Monitor in a chat shortly after making his presentation at the two-day international conference organised by the Department of Accountancy, ESUT in Enugu.

Represented by his Vice, Dr Yahaya Haruna, Dr Alaribe commended the board of Accountancy Department for their efforts in promoting and propagating the tenents of accounting Profession.

Dr Alaribe who noted that the choice topic for the conference “Artificial Intelligence AI and Sustainability Reporting: Implications for the Accounting Profession and Stakeholder Value Creation” said that though AI is critical in evolving human activities but added that it will not replace human intelligence rather it will reinforce human intelligence

“This conference means a lot to the Institute of Chartered Accountants of Nigeria because it’s talking about the future ready accountants and you can see the theme. It is talking about AI and sustainability, these are the two things that we are looking out for in the future – sustainability of the companies and value creation for the stakeholders and it can only be influenced by the use of AI through the use o technological means.

“The president couldn’t come but he sent me to represent him as the vice president of the Institute.
AI has come to enhance Human Intelligence because AI is a creation of Human Intelligence. But if human beings want to go ahead of AI, we have to increase our knowledge in technology. AI cannot do everything for us but it still cannot replace human beings because they are certain assignments that can not be assigned to AI.

“We commend Accountancy Department for what they are doing in promoting the profession. We will deepen our collaboration with them to ensure that their wonderful programmes such as this is sustained,” the President said.