Accountancy Salon is a series of discussion events that provide a space for an advanced debate on the complex and dynamic role of the accounting profession in contemporary society. Each session focuses on a specific theme and features brief talks by an invited panel and an open discussion with a cross-disciplinary audience.
The salon was an Italian invention of the 16th century which flourished in France throughout the 17th and 18th centuries – a gathering of people under the roof of an inspiring host, to increase the knowledge of the participants through conversation. (Wikipedia)
In partnership with ICAEW’s IT Faculty, we are have launched a blockchain initiative and on 20 June we are hosting our first event. In this Salon we will discuss different visions of blockchain technology and how it relates to the accounting and audit profession. Blockchain technology is sometimes characterised as a ‘trustless’ infrastructure for strangers to interact with each other, one that replaces the need for third-party verification or assurance. How does this impact the traditional role of the accountant as faithful recorder of actions, and the auditor as noble validator of accounts?
As with any other early-stage complex technology with potential to change our lives, it is important to invite cross-industry, open collaboration to advance the technology for all. This is one of the fundamental principles behind the AuditFutures programme of ICAEW
We aim to explore a number of very interesting questions that blockchain would pose to the profession:
- Disruption perspective: to what extent is the traditional role of the auditor actually being disrupted by blockchain, and in what contexts in particular?
- Public interest perspective: what role does the profession have in maintaining public trust in blockchain systems?
- New services perspective: to what extent can accounting firms create private blockchains, run them, or offer services around them?
- Enabling perspective: to what extent do blockchain systems make auditors/accountants jobs easier?
Brett Scott – independent journalist and blogger, author of ‘Heretics Guide to Global Finance’
Indy Johar – serial social venture entrepreneur and architect
Cathy Mulligan – research fellow at Imperial Business School and Associate Director of Imperial Centre for Cryptocurrency Research
Patrick Spens (TBC) – member of the steering group of Whitechapel Think Tank and Transformation and Assurance Director at PwC
WHERE: Chartered Accountants’ Hall – Moorgate Place, London, EC2R 6EA – View Map