Global accountancy body and Arab Federation of Accountants and Auditors sign Memorandum of Understanding
Dubai, United Arab Emirates, - Monday, February 29th 2016 [ME NewsWire]
ACCA (the Association of Chartered Certified Accountants) - the global body for professional accountants - and the AFAA (the Arab Federation of Accountants and Auditors) have signed an MoU (Memorandum of Understanding) to strengthen ties between the two highly respected organisations.
The agreement was signed at the Accounting and Auditing Profession in the Arab World event, hosted by AFAA in Cairo. Head of ACCA Middle East, Lindsay Degouve de Nuncques signed the MoU on behalf of ACCA and Mr Hatem Kawasmy, chairman of the AFAA board and Dr Farid Fawzy, member of AAA (Accountants and Auditors Association) signed on behalf of AFAA.
Lindsay said: “AFAA is an outstanding organisation which supports accountants and auditors across the region and ACCA has more than 3,000 members in the Middle East.
“It is natural that two organisations who work to support finance professionals across the Middle East have come together to sign this MoU. The agreement will bring great benefits to members of both organisations through joint ventures such as promoting specific qualifications that are identified as important to the development of the accountancy profession in the region such as IFRS (International Financial Reporting Standards).”
ACCA has a number of agreements in place with other organisations across the Middle East, including the UAE Auditors and Accountants Association, the Egyptian Society of Accountants and Auditors, the Iranian Association of Certified Public Accountants, the Jordanian Association of Certified Public Accountants and the Dubai Financial Services Authority, all aiming at strengthening the accountancy profession in the region.
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Notes to Editors
ACCA (the Association of Chartered Certified Accountants) is the global body for professional accountants. It offers business-relevant, first-choice qualifications to people of application, ability and ambition around the world who seek a rewarding career in accountancy, finance and management.
ACCA supports its 178,000 members and 455,000 students in 181 countries, helping them to develop successful careers in accounting and business, with the skills required by employers. ACCA works through a network of 95 offices and centres and more than 7,110 Approved Employers worldwide, who provide high standards of employee learning and development. Through its public interest remit, ACCA promotes appropriate regulation of accounting and conducts relevant research to ensure accountancy continues to grow in reputation and influence.
Founded in 1904, ACCA has consistently held unique core values: opportunity, diversity, innovation, integrity and accountability. It believes that accountants bring value to economies in all stages of development and seek to develop capacity in the profession and encourage the adoption of global standards. ACCA’s core values are aligned to the needs of employers in all sectors and it ensures that through its range of qualifications, it prepares accountants for business. ACCA seeks to open up the profession to people of all backgrounds and remove artificial barriers, innovating its qualifications and delivery to meet the diverse needs of trainee professionals and their employers. More information is here: www.accaglobal.com
Ray Allger, ACCA Newsroom
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