Accounting seminar discusses ethics, governance.Byline: Dubai The Dubai International Financial Centre The Dubai International Financial Centre (DIFC) is a near-shore financial hub for the MENA containing a capital market designated as a financial free zone in Dubai. It is established to create an environment for growth, progress and economic development in the UAE and the wider (DIFC DIFC Dubai International Financial Centre ) hosted a seminar today (March 12) where delegates discussed key issues facing the accounting profession, including fair value accounting, ethics, corporate governance, and the importance of international convergence. Entitled "New Developments in International Auditing and Ethics Standards", the seminar was organised by the International Auditing and Assurance Standards Board (IAASB IAASB International Auditing and Assurance Standards Board ) and the International Ethics Standards Board for Accountants (IESBA) - independent standard-setting bodies of the International Federation of Accountants  The external links in this article or section may require cleanup to comply with Wikipedia's content policies. (IFAC), the leading global organisation for the accountancy profession.
Officials from the DIFC, the World Bank, World Federation of Exchanges, CFA Institute and Dubai Financial Services Authority The Financial Services Authority ("FSA") is an independent non-departmental public body and quasi-judicial body that regulates the financial services industry in the United Kingdom. Its main office is based in Canary Wharf, London, with another office in Edinburgh. (DFSA), spoke at the event. Members of the IAASB and IESBA also updated participants on their recent standard-setting activities. "The organisation of the CAG CAG 1 Chronic atrophic gastritis 2 Coronary angiography, see there meetings of the IAASB and IESBA in DIFC reflects Dubai's rising profile as a leading global financial hub," said Nasser Al Shaali, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of the DIFC Authority. "DIFC supports the global accountancy community's efforts to promote high standards of financial reporting and auditing, which are a critical part of effective corporate governance. "Over the past few years, we have launched several initiatives to develop corporate governance in the Middle East and North Africa and as part of this, we are keen to work with organisations like IFAC to build accounting and auditing systems in the region." David Damant, chair of the IAASB CAG, remarked: "A fundamental principle of both the CAGs and the Boards is broad geographic representation and stakeholder participation. "We are, therefore, pleased to not only hold these meetings in Dubai, but also reach out to our stakeholders in the region through the seminar. The Dubai International Financial Centre has been a valuable resource in supporting IFAC's efforts in this regard," he added. -- TradeArabia News Service Copyright 2008 www.tradearabia.com Copyright 2009 Al Hilal Publishing & Marketing Group Provided by Syndigate.info an Albawaba.com company |
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