ISCA Unveils AI Initiative: Prof M Nazri Joins AI Committee to Uplift Accountancy Industry
: ISCA recently launched the AI for AI (Artificial Intelligence for Accountancy Industry) initiative that seeks to proactively tap into the use of AI
Singapore, 14 September 2023 – Institute of Singapore Chartered Accountant (ISCA) recently launched the AI for AI (Artificial Intelligence for Accountancy Industry) initiative that seeks to proactively tap into the use of AI to uplift the accountancy profession. This will be actualized by fostering a pro-AI ecosystem that will instill new competitive advantages for accountancy and finance professionals. Through the creation of a robust pro-AI ecosystem, it aims to empower accountancy and finance professionals with new competitive advantages.
We are also proud to announce that Prof M Nazri, Centre for AI Innovation (CEAI) & MyFinB Founder is appointed as a distinguished member of the AI Pillar committee – a pivotal part of this initiative under the ISCA taskforce. Prof M Nazri’s wealth of experience in digital innovation positions him strategically to assist in identifying and assessing problem statements within the industry. His role involves facilitating collaborative brainstorming sessions to craft suitable AI solutions and, where applicable, driving the creation of AI solutions with support from tech solution providers and external organizations.
The AI Pillar committee is under the adept leadership of co-Chairs Cyndi Pei (CFO, Regional Data Centre, SingTel) and Song Yeow Chung (CFO, Old Chang Kee Ltd), both esteemed ISCA Council members. This dynamic team will collaborate with sub-committee leads for each key pillar of work:
- Research – Led by Prof Ong Yew Soon, Chief AI Scientist, A*STAR, and President’s Chair Professor of Computer Science, School of Computer Science and Engineering, NTU.
- Policy & Regulations – Led by Lee Eng Kian, Managing Partner and Head of audit and assurance, PKF Singapore.
- AI Solutions – Led by Darren Thayre, Head of Innovation and Digital Transformation deal lead, Global Strategic Initiatives, Google.
Together with other sub-committee members, who bring their own technological expertise and industry insight, the mission is to facilitate widespread AI solution adoption and set the course for AI’s impactful integration within the business, accountancy, and finance sector.
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About Institute of Singapore Chartered Accountant (ISCA)
The Institute of Singapore Chartered Accountants (ISCA) is the national accountancy body of Singapore. ISCA’s vision is to be a world-class accountancy body of trusted professionals, contributing towards an innovative and sustainable economy. There are over 33,000 ISCA members making their stride in businesses across industries in Singapore and around the world.
Established in 1963, ISCA is an advocate of the interests of the profession. Complementing its global mindset with Asian insights, ISCA leverages its regional expertise, knowledge, and networks with diverse stakeholders to contribute towards the advancement of the accountancy profession.
ISCA is the Designated Entity to confer the Chartered Accountant of Singapore – CA (Singapore) – designation. ISCA is a member of Chartered Accountants Worldwide, a global family that brings together the members of leading institutes to create a community of over 1.8 million Chartered Accountants and students in more than 190 countries.
MyFinB is an award-winning tech company that specializes in artificial intelligence. The company developed its own natural language platform with predictive and prescriptive narrative capabilities – a niche area that differentiates itself from any others. MyFinB helps people understand and communicate what is most important in their data.
About Centre for AI Innovation (CEAI)
Centre for AI Innovation (CEAI) Global is a leading global company that was established in 2019 with dual-headquarters in Singapore and Malaysia. The company has established strategic partnerships with organizations in more than 20 countries worldwide. The purpose of CEAI Global is to promote inclusivity in knowledge, education, adoption, creation, venturing into AI investments and implementation of AI solutions.
The main goal of CEAI Global is to provide a platform for individuals and organizations to learn, engage and develop skills related to artificial intelligence (AI) and machine learning (ML). The company aims to target 95% of the workforce who are not skilled in AI and ML and non-technical personnel.