28 April 2011
Professor Bhimani delivered the plenary talk at the Irish Accounting and Finance Association Annual Conference held at University College Cork in Ireland on 28 April 2011. He discussed the transformational impact of globalisation, informational and technological changes in relation to organisational accounting practices. In his talk entitled 'Globalisation and Technological Disruption: Implications for the Accounting Function' he noted that disruptive forces have created novel challenges for the accounting function. The global business environment is experiencing extensive economic and technological changes and is witnessing the rise of tighter and very far reaching corporate governance regulatory shifts as well as deep concerns with risk management intelligence. The aftermath of the global recession combined with emerging technological changes has, according to Professor Bhimani, led to increased government regulation and intervention in enterprise-based economic activities. Whilst Ireland has extensive regulatory mechanisms for making business activities transparent and very high standards of corporate governance which often exceed those found in other advanced economies, it is not immune to the effects of global systematic risks and international economic interdependencies. The potential of reshaping management accounting and financial management practices cannot therefore be ignored. The address examined the nature of technological changes and international forces and how the accounting function across many enterprises is being affected. The talk considered changes which accounting professionals will need to heed to remain at the forefront of organizational information provision.
Alnoor Bhimani with Steve O'Callaghan from UCC and other IAFA organisers and sponsors