Minister of Technology and Science, Felix Mutati, has urged all accounting firms in the country to embrace technology and innovation in their work schedule in order to turnaround Zambia’s economy.
Speaking when he officiated at PKF Zambia Chartered Accountants’ 10th Anniversary in Lusaka yesterday, Mr Mutati further encouraged accounting firms to leverage on artificial intelligence if they are to deliver value to consumers efficiently.
The Minister noted that the culture of conducting financial operations manually should be a thing of the past with the coming of technology, innovation and Artificial Intelligence.
He observed that once accounting firms fully embrace technology and innovation in their work, many benefits will be achieved, thereby contributing to the country’s economic growth.
The Minister was, however, quick to point out the negative side of technology such as cyber criminals, who are also advancing on fraud.
He explained that to this effect, the government has delivered the AI Policy to ensure that firms such as PKF Zambia Chartered Accountants can embrace AI, adding that human intelligence and artificial Intelligence are complementary.
Mr Mutati added that AI enables human beings and machines to be able to work together harmoniously as it delivers products that one cannot dispute.
“So I want you to embrace AI in your daily operations as accounting firms for you to be able to reap maximum benefits from technology and innovation, this country can only develop if firms such as PKF Zambia Chartered Accountants leverage on technology,” he said.
PKF Zambia Managing Director, Anthony Ranjan, said the firm believes in continuous professional development as it recruits capable young people and trains them as future leaders.
He noted that PKF Zambia exposes its staff to both local and international experiences through PKF Zambia International.
“We stand by strong values such as quality, integrity, innovation and human centred service delivery, how we think, act, communicate, and engage with clients reflects our brand,” he said.
Mr Ranjan stated that the firm also embraces gender balance at all levels as the board of partners is composed of three female and three males, a symbol of inclusivity in leadership.
He also explained the continuous support his firm renders to nonprofit organisations which include Lubasi Orphanage Home Care, Lushomo Trust for sexually abused girls.
One of the beneficiaries of PKF Zambia, Charity Mwiya of Lushomo Trust paid glowing tribute to the organisation for taking care of vulnerable people in communities.
