Under the patronage of the respected President of the University and under the supervision of the Dean of the Institute, the Accounting Techniques Department held a seminar at the Institute during the beginning of January entitled “Accounting Sustainability in the Digital Age: An Entry Point to Enhancing Transparency and Efficiency.”
The seminar was delivered by Asst. Prof. Dr. Osama Ismail Zaidan, and was attended by a number of members of the Institute.
The seminar aimed to:
Explore the integrative relationship between digital transformation and sustainable accounting.
Analyze the role of digital technologies (such as blockchain, artificial intelligence, and big data analytics) in enhancing transparency and assisting financial and non-financial reporting.
Identify mechanisms for improving the efficiency of accounting processes through digital tools while maintaining sustainability standards.
Discuss the challenges and risks associated with digital transformation in the field of sustainable accounting.
The seminar concluded that:
There is a necessity to develop accounting frameworks and standards that support sustainability and transparency, and to invest in building the digital competencies of accountants and qualifying them to deal with sustainable accounting tools in the digital age.
Encouraging institutions to adopt blockchain technologies and distributed ledgers to enhance the credibility of reports related to environmental, social, and governance (ESG) performance.
Strengthening cooperation between regulatory bodies, institutions, and academic entities to develop sustainable digital accounting systems.
Establishing unified digital platforms for the disclosure of sustainability information to enhance comparability and transparency.