The Vice-Chancellor, Enugu State University of Science and Technology (ESUT), Professor Aloysius-Michaels Okoli has warned his staff that their jobs are threatened by the evolution of Artificial Intelligence, AI.

The VC gave the warning recently during the maiden edition of the Department of Accountancy International Conference held at Agbani, the university’s main campus. Prof Okolie warned that the advent of AI poses danger to staff members who refused to upgrade their skills and acquaint themselves with requisite knowledge of the evolving digital world.

He noted that despite the fact that AI is an invention of Human Intelligence, HI, the latter though cannot be substituted by the former but emphasised that HI needs to work at a higher speed rate to stay far and above AI.

“Having been so excited with Artificial Intelligence, I hope you know the implications. Few weeks ago most of you saw it on social media that there are plans to produce robots to take over as lawyers; Robots are now lawyers. They want to experiment it in the US. They will now go to court to be arguing cases.

“Everybody is now jumping up over the evolution of Artificial Intelligence, have you pondered on the implications? Human Intelligence ought to be over and above Artificial Intelligence because Artificial intelligence is crafted from Human intelligence. However, human intelligence needs to operate at a higher speed now.

“The question for all of us today is ‘are you preparing for the great deluge, that AI is coming to take over your job? Are you upgrading yourself to be over and above them so that robotics coming will always find you as useful hands to succeed or have you given up when they now take over? Maybe they will become VC, DVC, they will become your lecturers taking over your courses. Are we getting ready for that or is it a question of ‘No we don’t want it?’ Nobody is safe, including myself, if we fail to upgrade.

“We are already promoting it today but we have to be equally very strategic as we are promoting digitalization,” he said.

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The Vice-Chancellor, Enugu State University of Science and Technology (ESUT) Prof Aloysius-Michaels Okolie has commended the Department of Accountancy of the university on its maiden International Conference.

The Department of Accountancy held her first international conference between 2nd and 3rd July 2024 at the Prof Julius Onah Auditorium at Agbani, Enugu State.

Themed: “Artificial Intelligence (AI) and Sustainability Reporting: Implications for the Accounting Profession and Stakeholder Value Creation”, the conference drew creme de la creme in financial and accounting sectors in in Nigeria including the President of ICAN, DCS Alaribe; the Executive Secretary, Financial Reporting Council of Nigeria, Dr Rabiu Olowo 2ho was the key-note speaker as well as the Director-General, College of Accountancy, Jos, Dr Friday Akpan.

Declaring the conference open on Tuesday, the Vice-Chancellor said that he has glad to see that his directive that departments and faculties are conducting either national or international conference at least once every year is yielding fruits.

While commending Accountancy Department for their efforts in organising their maiden international conference, Prof Okooie noted that the only two departments that have keyed into the programme are headed by women.

“I want to say it loud and clear, that I am very much happy with Accountancy Department. You have been able to justify the management’s stand on the need for departments and faculties to organize at least one national or international conference each year. So far, the two departments that have held theirs are headed by women. This is perhaps an indication that next time we will be shopping for those to head departments, we would give priority to women because they are setting the pace,” he said

He commended the head of the department, Prof Uche Onyekwelu for being able to sustain the department’s two journals and promised to upgrade them to TetFund funded journals.

“I want to thank the HOD for sustaining the journals. I promise you that we are going to upgrade the two journals so that they will be Tetfund funded. This is part of the things I want to be seen and do as a member of the Tetfund Research Committee.”

Earlier in her opening remarks, the Head of Department, Accountancy, Professor Uche Onyekwelu said the essence of the conference was to draw all the players in the accounting and financial sectors to chart a new part on how to maximize the opportunities inherent in Artificial Intelligence (AI), checkmate the threats it poses on Human Intelligence (HI) and be able to put accounting profession on a good pedestal for effective and efficient financial accounting prudence.

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A new chapter in academic research and excellence is set to commence in Nigeria’s premier sciences and technology university, the Enugu State University of Science and Technology, ESUT, as the Department of Accountancy organisers her First International Conference.

Considered unique and ground-breaking, the Department of Accountancy First International Conference, (1ST DAIEC) which is expected to gather the crème de la crème in accounting and other professions, including the President, Institute of Chartered Accountants of Nigeria (ICAN), Dr Innocent Iweka Okwuosa will hold on 2^nd and 3^rd of July, 2024 at the prestigious Prof Julius Onah Auditorium, ESUT.

Themed “Artificial Intelligence and Sustainability Reporting: Implications for Accounting Profession and Stakeholders’ Value Creation”, the conference which will hold both physically and virtually, is expected to explore ways of utilising Artificial Intelligence to promote excellence and value for Accounting, Business, Management, Social Sciences among other fields of Human endeavours.

The 1ST DAIEC will have two lead paper presenters with Dr Friday Akpan, Director-General, Nigeria College of Accountancy, Jos and Dr Iheanyi Anyahara, Director FRC and Chair, Adoption Readiness Working Group (ARWG) for Sustainability Reporting in Nigeria, both anchoring.

Guest Speaker at the conference is Prof Mannixs Paul, Director of Education Training, Institute of Leadership and Governance, USA

1ST Department of Accountancy International Conference (1ST DAIEC) is a one-stop-shop for research, scholarship and mentorship!

For enquiries, contact Professor Oliver Ike Inyiama, Chairman Planning Committee

080-3550-7599 or Professor Uche Lucy Onyekwelu, Head of Department

070-4298-4055, 080-3336-6045

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