25 October 2013
Professor Bhimani was invited by the British Accounting and Finance Association to speak on “Financial management and technological changes: Implications for emerging economies” on 25 October 2013. The event was held at the Chartered Institute of Management Accounting facilities in London. He spoke on what is driving the global growth of information and its differential effects on advanced and emerging economies. He noted how the penetration of mobile digital technologies has sponsored the increased demand for information which itself also acts as a strong accelerator of information supply. Professor Bhimani identified the manner in which globalisation trends affect risk and uncertainty which trigger greater calls for governance and accountability. He explained the role of accounting standards in emerging countries to confront increased information exchanges and the pressures faced by factor-led economies to adopt more sophisticated financial controls and governance mechanisms. He pointed to a variety of ways in which the work of accountants in emerging economies will change and outlined the need to be vigilant about the adoption of solutions from advanced country contexts which may be at variance with country focused priorities.