The pace of transformation in the global economy in recent years has been unprecedented. Rapid technological change coupled with successive crises, including a pandemic, have changed norms and structures while hastening the pace of what is being referred to as the twin green and digital transitions.

These are bringing about the development and diffusion of new technological, economic, social, behavioural and business model innovations.

In such a context, adaptation is not merely a prerequisite for business growth but essential for survival. Employees, investors and customers have changed the way they go about many aspects of their life. A significant shift has taken place in the way people look at the corporate world, what they expect from it and the standards they expect it to follow.

Governance is no longer an obscure boardroom term and more importantly it is no longer the exclusive domain of big companies. Governance affects decision-making and its importance transcends the size or scope of any firm, and in such a context, the role of small and medium practitioners has evolved accordingly at every level of the company. This includes informed decision-making, assessing investment scenarios and evaluating potential pitfalls, reporting and providing assurance.

All this is taking place within a context of rapidly evolving legislative and regulatory developments, including in areas such as taxation and financial crime.

Professionals are readying themselves for big changes in taxation, building up on earlier efforts in implementing anti-avoidance rules, CFC rules and general anti-avoidance provisions.

Even more relevant to the smaller and medium practitioner is the stricter regulatory framework related to financial crime, particularly anti-money laundering.

All this, however, presents a unique opportunity for accountancy professionals who are strategically positioned to help businesses meet the expectations of demanding investors and public, and help them adapt to the evolving regulatory environment.

Accountants can and are able to provide all of this. But, is this what firms want? Is there a mis-match between the expectation and reality of the corporate and accountancy world respectively? How is the small practitioner interacting with the business community around him or her in the context of these changes? Who is responsible for communicating what?

Seeking answers to these challenges, the Malta Institute of Accountants will be hosting a one-day conference bringing together experts in diverse fields such as financial crime, forensic accounting and taxation to discuss and share their views on a number of factors that are having or will have an impact on the environment within which local practitioners operate.

The SMP Conference – The Next Leap Forward: Succeeding through Change will be held on 24th May 2022 at the Radisson Blu Resort. Further information and registration details are available through this link.

'Credit & Financial Institutions' Related News Articles

01
The classification of cryptoassets under the new Markets in Crypto-Assets Regulation
Ganado Advocates

by Ganado Advocates

24th February 2023

Welcome to “Enterprise Innovation” ¦ 23 February 2023 at Salini Resort Hotel
Griffiths + Associates Ltd

by Griffiths + Associates Ltd

20th February 2023

Bank of Valletta organises business breakfast on the Climate Challenges and Opportunities for Real Estate
Bank of Valletta

by Bank of Valletta

31st January 2023

BOV participates in Ġemma and MBA’s pilot project to promote financial literacy courses for elderly
Bank of Valletta

by Bank of Valletta

27th December 2022

High calibre international speakers for FinanceMalta’s 15th Annual Conference
FinanceMalta

by FinanceMalta

28th October 2022

H.E. Sheikh Feisal Bin Qassim Al Thani celebrates BNF Bank’s success in latest visit to Malta
BNF Bank plc

by BNF Bank plc

6th October 2022

The Changes to the Structure and Competencies of the European Supervisory Authorities (ESAS)
CSB Group

by CSB Group

31st August 2022

INSIGHT Interview: Alan Cuschieri, Founder of Moneybase
FinanceMalta

by FinanceMalta

5th August 2022

Member Spotlight: Fyorin
FinanceMalta

by FinanceMalta

5th August 2022

PrimeGlobal Named Association of the Year 2022 at IAB Awards ¦ Winning in Business with Advisory Culture.
Griffiths + Associates Ltd

by Griffiths + Associates Ltd

25th July 2022

BNF Bank launches a Credit Card Campaign with chance to win once-in-a-lifetime World Cup experience
BNF Bank plc

by BNF Bank plc

14th July 2022

BOV Asset Management launches the sixth reading of the Investor Sentiment Index for Malta.
Bank of Valletta

by Bank of Valletta

3rd June 2022

Infocredit Group shortlisted as ‘Credit Information Provider of the Year ‘at Credit Awards 2022!
Infocredit Group Limited

by Infocredit Group Limited

19th May 2022

14th International Taxation Conference l organized by the Malta Academy for Taxation Studies & the Malta Institute of Management l 3rd May 2022
Griffiths + Associates Ltd

by Griffiths + Associates Ltd

3rd May 2022

Infocredit Group sponsors the Webinar “AML, Sanctions and Embargoes: Understanding the risks and learn how to mitigate them”, organized by FEBIS
Infocredit Group Limited

by Infocredit Group Limited

28th April 2022

Free Webinar from Infocredit Group: “Transforming Consumer Creditworthiness and Affordability with the help of PSD2”
Infocredit Group Limited

by Infocredit Group Limited

8th April 2022

Infocredit Group and MACM join forces to support the Maltese Business Community with Innovative Credit Risk Management and Compliance Solutions
Infocredit Group Limited

by Infocredit Group Limited

8th April 2022