The Malaysian Institute of Accountants (MIA) recently launched the Digital Technology Adoption Awards (DTAA) as a platform for promoting digital technology adoption in the accountancy profession.
“The DTAA carves out a new niche in the Malaysian awards landscape as it specifically recognises remarkable achievements in technology application by the accounting profession in commerce and industry, public practice and public sector,” said Mohamad Faisal Abdul Malik, Vice President, Malaysian Institute of Accountants in officiating the launch.
The DTAA was launched by Vice President, Mohamad Faisal Abdul Malik accompanied by CEO, Dr Wan Ahmad Rudirman Wan Razak, DTIC Chairman, Lim Fen Nee and DTAA Task Force Chairman, Dr Nurmazilah Dato’ Mahzan during the MIA AccTech Conference 2023 (MIA AccTech) as part of the grand finale of the MIA Digital Month (MDM) 2023, with the theme of Digital Evolution: Paving the Way Forward.
The DTAA as well as the MIA AccTech are critical drivers for promoting digital adoption by the profession, in alignment with the MIA Digital Technology Blueprint that sets forth the direction for the accounting profession in Malaysia in responding to digital technology. MIA issued the Digital Technology Blueprint in 2018 which establishes FIVE principles to consider by accountancy professionals in developing action plans to respond appropriately to technology. Principle 3 relates to harnessing digital technology, whereby MIA’s remit is to promote digital technology adoption and explore collaborations with relevant stakeholders.
How to Participate in the DTAA
The DTAA has 3 categories with a total of 58 awards to be conferred, and the DTAA submission deadline falls on 30 August 2023.
The technology implementations recognised under the DTAA must centre around the roles of the accounting profession. For the commerce and industry category, the technology adoption is expected to provide enhancements or improvements in the finance function. For the public practice category, accountants are expected to retain, reimagine and innovate their practices and services. For the public sector, the technology adoption is expected to improve efficiency of daily operations and increase satisfaction of targeted users or customers.
“By recognising and awarding successful technology implementations in the accounting profession, the DTAA hopes to encourage others in the profession to emulate these success stories by undertaking their own digital transformation. The DTAA also intends to raise awareness of how accountants contribute to businesses and the economy through digital technology adoption,” stated Mohamad Faisal.
MIA invites all members of the accountancy profession who have successfully transformed digitally to participate in the DTAA and share their success stories to inspire others. Participants will gain numerous benefits in terms of future proofing, enhanced market reputation, benchmarking, and attracting new business and talent, all of which can spur further trust and growth.
The DTAA launch was then followed by the MIA AccTech 2023 Conference, back by popular demand and now in its 6th edition. Held over 2 half-days, AccTech 2023 featured 11 expert speakers in 6 sessions that discussed highly relevant topics to accountants working in diverse organisations and sectors.
“It is MIA’s aspiration that the MDM, DTAA, AccTech and all our comprehensive digital initiatives will enable accountants to become future-proof, to create and add value to organisations, and to help develop the nation sustainably,” concluded Mohamad Faisal.
For more information on the DTAA, click here.