CEAI@MyFinB and PKF Partner to Advance the Use of AI in Accounting
Joining force; CEAI@MyFinB and PKF collaborate to bring AI-driven solutions to accounting industry
Singapore, 25 May 2023 – CEAI@MyFinB and PKF have announced a global partnership to incentivize the use of artificial intelligence (AI) by accounting firms. The PKF2.0 initiative will provide PKF offices with access to cutting-edge AI technologies, allowing them to improve their processes and increase their efficiency.
The PKF2.0 initiative will include a 3-module virtual training program, based on the AI-generated Standard Premium report analysis. The program will provide participating PKF offices with the skills and knowledge they need to utilize the AI system and maximize its benefits. The training program will be linked to the findings of the report analysis and offer insights on how to use AI to drive better decision-making, governance, risk, and compliance.
The global rollout of PKF2.0 will provide participating PKF offices with the opportunity to improve their competitiveness, as they will have access to the latest AI technologies. The program will offer value-added services to their clients, including more efficient governance, risk, and compliance measures.
According to a recent report, 78% of accountants believe that AI will significantly impact the accounting profession over the next five years. The PKF2.0 initiative will position PKF offices at the forefront of this change, enabling them to leverage AI to improve their services and stay ahead of the curve.
“We are excited to partner with PKF to advance the use of AI in the accounting profession,” said Prof M Nazri, Founder / CEO of MyFinB. “Our AI technologies have the potential to transform the way accounting firms operate, and we look forward to working with PKF offices to maximize the benefits of our AI systems.”
“We are thrilled to join forces with CEAI@MyFinB to provide our PKF offices with the latest AI technologies and training programs,” said Rob Newsome, Partner of PKF VGA Advisory Services Pty Ltd. “As the accounting profession continues to evolve, it is critical that we embrace AI and leverage its power to improve our services and better serve our clients.”
“We are thrilled to be partnering with PKF on this exciting initiative that aims to bridge the gap between traditional accounting practices and the potential of AI technology. By providing PKF offices with access to cutting-edge AI tools and training, we believe we can help them unlock new opportunities for growth and success, while also delivering greater value to their clients. This partnership is a testament to our commitment to empowering the accounting profession with the latest technological innovations, and we look forward to working closely with PKF to drive this vision forward,” added Patrizia De Sousa, Global Project Leader for PKF 2.0 initiative.
PKF offices interested in participating in the PKF2.0 initiative can contact patrizia@ceaiglobal.com for more information.
About PKF
We are a global network of accountancy firms. Our 220 members operate under the PKF brand in 150 countries across five regions. We have over 20,000 professionals united under the PKF brand worldwide. Our brand represents our promise of a consistent experience for our clients and a common understanding by our firms of what we do, how we do it and the values that drive our behaviour.
About PKF VGA
PKF-VGA Chartered Accountants Incorporated provides accounting and auditing, forensic auditing, internal auditing, financial, business and taxation consulting services to both the private and public sectors.
In today’s ever changing business environment and the demands of shareholders/stakeholders, the requirements of a good system of corporate governance, management’s need to operate within a chaotic business environment with its myriad of risk dimensions, requires assistance from service providers that are flexible, innovative, understand the constraints that businesses operate within and who functions as a partnership with executive and line management.
About MyFinB
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.
About AIV50
AIV50 is a tech venture company with a portfolio of 50 AI assets in 10 key verticals. The special purpose company forms part of a joint incubation and venture building project by MyFinB Group (MFB) and VSC Portfolio Investments (VSCPI).