Third in a series of regional events
DUBAI - The International Federation of Accountants (IFAC) in partnership with the Emirates Association for Accountants & Auditors (EAAA) and under the patronage of HE Mr. Abdulla bin Touq Al Marri, minister of Economy, convened regional and global leaders representing finance, accountancy, securities and audit regulators, the investment community, and the standard setting community with the aim of advancing sustainability reporting, assurance, and capacity-building in the Middle East North Africa (MENA) region.
IFAC, EAAA, and IPSASB Leadership at the October 2024 event in Dubai
The event, IFAC Connects MENA, is the third in a series of IFAC Connects events created by IFAC around the world to encourage broad, solutions-oriented dia-logue on key regional issues with global impact. IFAC has recently held similar events in Singapore and in Bogota, Colombia, and in each of these cases collabo-rated with local professional accountancy organizations, as well as the Forum of Firms -- an association of international networks of accounting firms that pro-motes consistent and high-quality standards of financial reporting and auditing practices worldwide.
Lee White, IFAC chief executive officer, said, “Connected learning, innovation, a strong collective voice and commitment to the public interest are central character-istics of IFAC’s members, and critical to driving positive momentum. Moreover, in order to respond meaningfully to global challenges related to climate and sus-tainability matters, we need alignment and cooperation between governments, regulators, standard setters, and the accountancy profession.”
HE Mr. Saif Al-Muhairi, EAAA chairman, said: “The accountancy profession that EAAA represents in the UAE is critical to how corporate reporting evolves to in-corporate sustainability-related information, especially for use in capital alloca-tion and investment decisions. Our skills with data, systems, processes and analy-sis are critical to this transformation which will create an ongoing dialogue with important regulatory bodies such as the Ministry of Economy.”
IFAC has recently released its latest report, Beyond the G20: The State of Play in Sustainability Disclosure & Assurance, which provides a focal point for discus-sions between accounting, regulatory, and policy leaders and has a specific focus on the unique challenges and opportunities faced by six representative jurisdic-tions from the MENA.
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