CA Sanjay Jain Partner : J Jain & Company Digital

Transcript:CA Sanjay Jain Partner : J Jain & Company Digital:
CA Sanjay Jain Partner : J Jain & Company Digital Competency Maturity Model -2 (DCMM-2.0) Agenda What is DCMM 2.0 How to Use DCMM ? Digital Tools DCMM 2.0 Lunch in the Year 2019 Short Video Presentation https://www.youtube.com/watch?v=57U0nFLvVqo&list=PPSV Background Digital Competency Maturity Model (DCMM) for Professional Accounting Firms Version-1.0 was released in 2017 Provide a set of minimum requirements which firm can evaluate on a self assessment basis. Build a strategy for up skilling , to leverage the opportunity which will unfold in digital era. DCMM 2.0 Vs DCMM 1.00 Discipline specific categorization based on the firm’s profile for assessing its digital competency with respect to level of automation. New Section on Adoption of “Advance and Emerging Technologies “, which encourage firms to embrace emerging technologies and get ready for the future digital landscape. Includes details Implementation Guide to help accounting firms with practical tips on moving to the next level of digital Competency. DCMM 2.0 DCMM Version 2.0 comprises a questionnaire that enables firms to rate their current level of maturity on digital competency, identify areas where competencies are strong or lacking, and then develop a road map for achieving a higher level of maturity. DCMM Version 2.0 includes the following dimensions of digital maturity organized into sections Why DCMM CA Firms Digital Competency for level of Automation Get ready for future New Data Protection Bill IT Act 2000/2008 becoming new Law CA’s must be conversant with Level -1 Firm at nascent stage need steps to upgrade Level-2 firms has made some progress in terms of adopting new technologies need to fine tune to reach 3 Level 3 firm has made significant adoption of digital technologies and to focus optimizing emerging technologies like AL and Block chain etc. Will be useful for Peer review DLH portal certificate. Overview of the DCMM 2: Section A: Level of Automation of Firm’s Internal Processes Usage of IT by the firm for its own internal process i.e billing , documentation , client relation , staff management and attendance, cyber security. Section B: Availability of Qualified Resource Pool and Talent Development Relating to Digital Competencies. Attracting , retaining and developing staff with requisite qualification and skills. DCMM 2.0 Section C Discipline specific Categorisation C1 – Audit C2 – Tax and Compliances. C3 - Accounting and support function C4 - Other Management Consulting Services. Section D: Adaptation of Advanced and Emerging Technologies Assessment Results Level