World Congress of Accountants 2010 Moves to the Next Gear
30 September 2009
WCOA 2010 July 2009 newsletter: [Click here]
WCOA 2010 September 2009 newsletter: [Click here]
The technical programmes of the World Congress of Accountants 2010 (WCOA2010) to be held at the Kuala Lumpur Convention Centre from 8-11 November 2010 has been endorsed by the Congress’s Steering Committee which met last month in Kuala Lumpur.
Focusing on the theme of the Congress, “Accountants: Sustaining Value Creation”, 39 topics have been identified. The topics will be presented by globally renowned speakers and commentators.
“The topics were chosen after extensive research by the Technical Committee. Inputs were received from various global accounting bodies and the International Federation of Accountants (IFAC),” said Dato’ Prof Dr Daing Mohd Nasir Daing Ibrahim, Chairman of the Technical Committee.
Among the thought provoking issues to be debated during the four day Congress are value creation, the accountant’s role and sustainable development, Islamic finance and the impact of the G20 initiatives. Other issues include SMPs as trusted business advisors, Enterprise Governance, global developments in corporate reporting, the sharing of experience of oversight boards, the essence of audit quality, shaping the next generation of accountants. Participants will also receive updates and information on the latest developments in financial reporting, XBRL, regulation and compliance, international convergence, the activities of IFAC and its standard-setting boards.
Dato’ Daing further emphasised that in identifying and selecting potential speakers and commentators, the committee had ensured a balanced representation of views across the globe and from various sectors and stakeholders of the accounting industry. The invitations to speakers and commentators will be issued in July and finalised by November.
Commenting on the technical programme, the President of the Malaysian Institute of Accountants (MIA), Nik Mohd Hasyudeen Yusoff believed that sustainability, both in value creation as well as matters that relate to the well being of the human race would be the key focus of the conference.
“The the global financial crisis is teaching us to create wealth in a sustainable manner; not through maximising short-term value based on risks that could create global havoc” said Nik.
During the April meeting, the Steering Committee also deliberated in details the preparation for the WCOA2010, particularly in promoting the event to the global accountancy community.
Y.C. Lee, the Chairman of the Steering Committee, explained that the focus of current efforts is to expand awareness of the conference among accountants who are the constituents of IFAC member bodies.
“The WCOA2010 team will be conducting awareness programmes during selected events in a number of countries around the world from the second half of this year” reiterated Lee when asked about promotion of the Congress.
“There are still opportunities for related institutions and organisations to benefit from the global outreach and marketing opportunities presented by the Congress. I believe that, given the global coverage of the event and the prominence of accountants in leading and sustaining value creation globally, the WCOA2010 is an event worthwhile investing in” added Lee.
When asked about his view on the overall preparation of the WCOA2010, Jim Sylph, IFAC’s Executive Director of Professional Standards applauded the Steering Committee’s painstaking efforts and preparations, especially in facing challenges of implementing planned activities under the present economic circumstances.”
Jim and Alta Prinsloo, who is the Director, Governance and Operations of IFAC, were in Kuala Lumpur for the Steering Committee meeting. While in the capital of Malaysia, Alta was given a briefing about the preparation made by MIA and took the opportunity to visit the conference site and the world class facilities that are available.
For more information, kindly visit www.wcoa2010kualalumpur.com
Contact:
Wendy Liew /Dian Arissa
Marketing Department
Tel: 03-22799200/256
E-mail: wendy@mia.org.my