Question

Nurmazilah emphasised: “Electronic bank confirmations will eliminate duplications and provide authentication and authorisation procedures to detect fraud and deter fraudsters. This is a progressive step in auditing that will not only save time and resources and but Malaysia up-to-speed with developments in leading markets.” 6 The e-Bank confirmation is just an example of many more ongoing collaborative engagement between MIA and its stakeholders in embedding digitalization and automation into practice. To engage with members at large, MIA conduct technology adoption surveys for accounting profession once in every two-year period. From the survey, MIA noted that one of the items that the practitioners want to improve is on their data analytic skills. MIA also has been consistently pushing for more tax incentive for service and technological industries in budget memorandum act for MOF. Nurmazilah saw the potential of exporting services to neighboring countries and work closely with MITI to find potential market for Malaysian accountants.

In your opion, does Nurmazilah has performed her leadership role ethically in pushing for MIA’s digital strategy and the digitalization of the accountancy profession.

Answer 1

Yes, Nurmazilah did perform her leadership roles ethically by emphasizing on using digital strategy for the process of accounting and auditing.

Using digital process for auditing and accounting process makes the working authentic and accurate . Also it protects from any type of misstatements being created. It helps in keeping more proper records of transactions and possibly lead to reliable auditing.

Promoting the digital use fur suditing us a great step taken by her. But she should also make sure to have a proper protective system to safeguard the data shuch are very crucial. This is the biggest threat with digital platforms.

This will make the organization perform its accounting and auditing works with accuracy as well as it will save the time of employees which nie they can give to other activities. In thus era where everyone ys well aware with the distal functioning, it will make the organization compete with others and have a pace .

Thus it is good to use these digital platforms but we should make sure that there is no threat to data security which may lead to leak of data or misusing of that dara.

So, technology must be employed but with safety

Thus, it can be said that Nurmazilah has performed her roles ethically well.