Contemporary Technologies and Innovations in Accounting Explored at ICAFS 2025, Hosted by Cihan University-Erbil

As part of the Fifth International Conference on Administrative and Financial Sciences (ICAFS 2025), Cihan University-Erbil hosted a session titled “Contemporary Technologies and Innovations in Accounting” on January 30, 2025, at Cihan Academy Hall. The session was chaired by Prof. Dr. Mowaffak Ahmed Ali, with Dr. Hashem M. Safi as co-chair.

The session featured five insightful research presentations:

• The Handicaps of Applying IFRS in Light of AI Development: Presented by Adel Sobhi Abdel Qader Al-Basha, this study examined the challenges AI poses to financial reporting, including asset management, currency exchange, and disclosure. The research emphasized the importance of adapting AI applications in accounting.
• A Semantic Metadata Framework for Enhanced Accounting Information Systems: Presented by Asmaa M. Abdul Satar, the research introduced a framework integrating semantic metadata to improve business intelligence, decision-making, and scalability in modern accounting systems.
• The Dark Side of Knowledge Management in Accounting: Presented by Dlovan Wrya Chaqmakhchi, this study highlighted the challenges faced by the fifth generation of knowledge management. It stressed the importance of distinguishing between data, information, and knowledge while considering organizational values and behaviors.
• Environmental Accounting and Its Impact on Financial Performance: Presented by Twana Sulaiman, the research demonstrated how environmental expenditures contribute to financial sustainability. The study advocated for legal mandates, standardized reporting, and increased stakeholder awareness.
• The Impact of Big Data on Reducing Audit Risks: Presented by Mohammed Hayder Mohammed, this research examined how creative accounting affects the credibility of financial statements. It analyzed fraudulent practices by some companies and recommended in-depth investigations by professional organizations to improve fraud detection and audit procedures.

The session concluded with an engaging discussion, emphasizing the critical roles of artificial intelligence, big data, green accounting, and knowledge management in shaping the future of the accounting profession.