The Department of Accountancy, Enugu State University of Science and Technology ESUT, has been charged to sustain its maiden international conference. 

The Institute of Charted Accountants of Nigeria, ICAN President, Chief Davidson Alaribe gave the charge in Enugu during the Accountancy Department’s maiden international conference held on 2nd and 3rd July, 2024 at the main campus of the university, Agbani.

Represented by his Vice President, Mallam Yahaya Haruna, the President who lauded the department for setting the pace in projecting the profession, said that the conference should not be a one-off exercise  and urged the board of the department to keep the tempo

“The message to the department is that they should keep the tempo just like the Vice-Chancellor said. 

“This is a maiden edition, the first edition, they should beget the second, third, fourth editions and in perpetuity. Every year we should look at topical issues in the accounting profession and other academia to brainstorm, discuss and come up with solution. 

“This should not be the first and last, and anytime they are organizing such conference ICAN is ready to partner with them. We are ready to collaborate with the department to ensure the sustainability of this conference,” the president said  

In his keynote address, the immediate past Rector, Institute of Management and Technology (IMT) Enugu, Professor Augustine Nweze said that Artificial Intelligence (AI) is revolutionalizing the landscape of sustainability reporting. 

“The swift evolution of AI technology has ushered in transformative changes across myraid sectors and accounting is no exception. AI’s prowess in processing vast quantities of data and extracting actionable insights is revolutionalizing the landscape of sustainability reporting. 

“For accountants, it mandates the adoption of new technologies and skill sets while underscoring the importance of ethical practices. For stakeholders, it promises enhanced transparency, superior risk management and fortified trust,” Prof Nweze said.

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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.

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By Amaechi Agbo

The Executive Governor of Enugu State, His Excellency, Dr Peter Ndubisi Mbah as well as the President, Institute of Chartered Accountants of Nigeria, (ICAN) Davidson Chizuoke Stephen Alaribe will storm the Enugu State University of Science and Technology (ESUT) on Tuesday to be part of the Maiden Department of Accountancy First International Conference.

The Department of Accountancy First International Conference will hold from July 2nd through 3rd, 2024. at the prestigious Prof Julius Onah Auditorium at ESUT main Campus, Agbani starting from 10am daily.

Themed: “Artificial Intelligence and Sustainability Reporting: Implications for the Accounting Profession and Stakeholder Value Creation”, the conference aims at bringing arrowheads in human/institutional management together to chart a new course for development.

His Excellency, Dr Peter Ndubisi Mbah will be the special Guest of Honour while ICAN President, DSC Alaibe will also be in attendance.

Other top dignitaries expected at the conference to be hosted by the Vice-Chancellor, ESUT, Professor Aloysius-Michaels Okolie and chaired by Prof Chike Nwoha (Deputy Vice-Chancellor), include: the Executive Secretary/CEO, Financial Reporting Council of Nigeria, (FRCN) Dr Rabiu Olowo as well as the Rector, Institute of Management and Technology, IMT, Enugu, Professor Austin Nweze, among others.

Speaking in an exclusive interview, a co-chairman of the conference and Associate Dean, Faculty of Management Sciences, Professor Ikechukwu Ezugwu, told ESUT Monitor that every modality is in place for the conference adding that the governor as well as all invited guests and speakers are expected to be in Agbani on Tuesday and Wednesday.

“We have done everything within our reach for the conference. We are waiting for the time. We are expecting His Excellency, Dr Peter Ndubisi Mbah, he is the Special Guest of Honour and we have gotten correspondences from the Government House. ICAN President will be here and all other invited guests.

“This is a huge programme, it will be a conference with international reach not just in nomenclature. We have paper presenters from outside the country. Accountancy Department is setting the pace and we hope to consolidate on the success of the maiden edition,” Prof Ezugwu said.

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