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China's crude oil storage flows slump in September – Reuters
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Vietnam’s audit frontier in the age of AI technology
Vietnam ranks third in ASEAN for AI readiness but still faces gaps in data, infrastructure, and talent. What should ACCA do to help countries like Vietnam keep pace with AI and avoid the AI matrix trap?
ACCA’s global president Ayla Majid Vietnam is a rapidly growing country that holds significant importance from a global perspective. With its impressive growth rate of around 8 per cent, now moving towards double digits, and its strong adoption of AI, Vietnam is clearly ahead of many nations in the region.
However, when adopting any form of technology, it is essential to ensure that the human element remains central. While AI continues to advance and brings undeniable benefits, enhancing reliability, efficiency, and saving time for professionals, it cannot replace human judgment. Human scepticism, ethical standards, and efforts to eliminate bias in datasets remain indispensable.
Through its latest curriculum, ACCA has integrated AI adoption and developed new skill sets that balance technological proficiency with ethical awareness. AI is now an essential component of professional practice across all sectors.
In Vietnam, ACCA has established strong partnerships with various institutions, most notably the State Audit Office of Vietnam (SAV).
Since the beginning of their collaboration in 2009, ACCA and SAV have worked closely to advance auditing processes through the responsible and transparent adoption of AI. This partnership aims to strengthen trust, uphold transparency, and foster innovation within Vietnam’s auditing and financial sectors.
How does ACCA see the auditor’s role evolving by 2030, especially in auditing AI systems, and what steps is it taking to prepare members for this?
ACCA most certainly has a clear roadmap for the integration of AI into its operations and professional framework. AI now plays a central role, not only in how ACCA collaborates with stakeholders around the world, but also in how the organisation operates internally.
Reflecting this commitment, ACCA launched its new qualification programme in June this year, which embeds AI adoption and digital innovation at its core.
This evolution is ongoing. ACCA continues to advance and innovate, ensuring that AI is effectively integrated into its learning, assessment, and professional development processes. There is no option but to seize this opportunity, as AI represents a transformative force that can enhance both efficiency and the public good.
With new areas like sustainability reporting, digital assurance, and data analytics emerging, what skills and mindsets should future ACCA members develop to lead the profession into 2030?
First and foremost, what matters most is having the right mindset: a readiness to change and a commitment to continuous learning. Equally important is the willingness to collaborate and co-create solutions with stakeholders.
The way we work today has evolved dramatically, from how businesses operate to how financial reporting and auditing are conducted. Each of these areas now rests firmly on a technological foundation.
While professional accountants may not necessarily be data coders, they can and should collaborate closely with technology partners. The advent of AI has made this collaboration faster, more efficient, and far easier to implement. Collaboration, therefore, remains absolutely fundamental.
It is true that AI has taken over some tasks traditionally performed by humans, but this should not be viewed as a threat. Rather, it presents an opportunity for professionals to upskill, learn new competencies, and move into more strategic, higher-value roles. Continuous learning, in this sense, becomes an essential part of professional growth.
Technology has also enhanced transparency, particularly in assurance and auditing. For instance, auditors are no longer limited to sample data sets; with the power and speed of technology, it is now possible to audit entire data populations, which provides deeper insights.
From a global view, how can ACCA Vietnam contribute to global accountancy, particularly in transparency, innovation, and sustainable finance?
When meeting stakeholders in Vietnam, I see an absolute clarity of vision. The country is nurturing a pool of talented professionals capable of addressing its own 2030 and 2040 development goals as well as the broader financial and professional needs of the world.
In today’s interconnected environment, physical borders no longer limit collaboration. Virtual working has enabled professionals to engage and contribute across jurisdictions, making knowledge sharing more vital than ever.
Vietnam, in particular, is evolving rapidly to adopt global best practices in technology integration, AI, and sustainability reporting. While the government has taken the lead, the private sector is also accelerating its efforts, recognising that Vietnam’s economy is deeply embedded in international trade networks.
ACCA and SAV explore AI’s role in modernising public auditing The Association of Chartered Certified Accountants and the State Audit Office of Vietnam convened a high-level forum in Hanoi to explore how AI can enhance public auditing and financial governance.
SAV and ACCA lead discussion on building trustworthy AI in auditing As digital transformation continues to reshape industries across the globe, AI has emerged as a powerful driver of innovation and efficiency in governance, particularly within accounting, auditing, and the public sector.
ACCA builds new generation of financial leaders in Vietnam The Association of Chartered Certified Accountants (ACCA) celebrated its New Member Ceremony on October 13 and 14 in Hanoi and Ho Chi Minh City, highlighting the theme “Legacy of Leadership”.
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I used Huawei’s Mate XT — here’s I want to see in Samsung’s tri-fold phone
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How Electric Vehicles Can Fix the Grid and Lower Electricity Bills – The Energy Mix
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The hidden evolution making men’s sperm more dangerous with age
Genetic mutations that can cause disease become increasingly common in sperm as men grow older, and new evidence suggests this happens because certain DNA changes are actually favored during sperm production, according to new research.
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Hong Kong Disneyland Resort donates more than HK$2.5m to support youth development
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Guerrero, Yesavage shine as Blue Jays win, force Game 7
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Shadow Ticket is vintage Thomas Pynchon
Maybe you’ve felt, in recent times, that the world has become a more uncertain place.
Conflict, change, crisis. Political chancers and snake-oil salesmen crowding the public stage. Extremists and ideologues tugging at the already frayed…
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The Windows Recovery Environment, specifically designed to fix broken things, has broken, and I don’t think that should happen
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Windows 11’s October update (KB5066835) breaks USB keyboard and mouse in WinRE, blocking recovery.
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Windows 11’s October update (KB5066835) breaks USB keyboard and mouse in WinRE, blocking recovery.
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Dow Jones Top Markets Headlines at 11 PM ET: Stock Futures Rise Ahead of Major Week of Earnings | China’s …
Stock Futures Rise Ahead of Major Week of Earnings
The economic highlight of the week will be the September consumer price index, coming out on Friday.
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China’s Economic Growth Slows to One-Year Low
The Chinese economy lost momentum in the third quarter, expanding at its slowest pace in a year and strengthening the case for additional policy support.
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The Warning Signs Lurking Below the Surface of a Record Market
Utilities, healthcare stocks and consumer staples are leading the S&P 500 this month.
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Luxury Brands’ Stiffest Competition Is the Stuff They Have Already Sold
Sales of secondhand luxury goods are growing faster than in brands’ own stores.
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A New Challenge for China’s Economy: ‘Involution’
Beijing is fighting to limit the damage from a pattern of price wars and excess capacity across multiple industries.
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Is Gold in the Grips of a Speculative Bubble?
The danger is that gold is in the grip of the sort of speculative excess that creates bubbles in other parts of the financial system.
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Week Ahead for FX, Bonds: U.S. Inflation, PMI Data in Focus as Shutdown Continues
Delayed U.S. inflation data are due to be released during the week and will attract attention from investors seeking evidence on the likelihood of future interest-rate cuts.
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Unemployment Claims Filed by Federal Workers Shoot Higher
Data from states show that initial unemployment claims filed by federal government workers have jumped up this month.
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Banks’ Strong Earnings Leave Investors Digging Deeper for Trouble Spots
Earnings from the country’s biggest banks show a booming Wall Street and a solid consumer. But a warning from Jamie Dimon took center stage.
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Bank of Canada Survey, CPI Data to Weigh on Next Rate Decision, Gov. Macklem Says
The central bank’s quarterly business-outlook survey and September’s consumer-price index data are slated for release next week.
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BOE Should Show More Caution in Future Rate Cuts, Says Chief Economist
The BOE’s Huw Pill called for the pace of cuts to be slowed in recognition of stubborn high inflation.
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Venezuela Mobilizes Troops and Militias as U.S. Military Looms Offshore
Nicolás Maduro says his country is ready for combat, though the strongman’s military is underfunded, ill-trained and no match for American firepower.
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Gold Stocks Are Surging. They Still Lag Behind Cold, Hard Bullion.
Since the start of August, a fresh rush into gold has fed demand for gold equities, whose gains have outpaced chip stocks riding the artificial-intelligence boom.
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China’s Communist Elites Gather to Map Strategy
A communique after the Communist Party’s Central Committee meeting, which runs Monday to Thursday, will indicate how Beijing aims to steer the economy through turbulence, though details of its 15th five-year plan won’t be released until March.
(END) Dow Jones Newswires
October 19, 2025 23:15 ET (03:15 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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