Abu Dhabi 10th March 2013: Abu
Dhabi Accountability Authority (ADAA) – an independent body mandated to oversee
transparency and accountability across Abu Dhabi Government – inaugurated today
the International Public Sector Accounting Standards Board (IPSASB) meeting
with an opening conference held in Emirates Palace in Abu Dhabi where the
meeting will take place until the 14th March.
The United Arab Emirates
spearheaded all Arab countries by hosting the IPSASB meeting in Abu Dhabi for
the first time. More than 200 professionals from the Accounting Profession
around the world registered to attend making it the largest ever gathering of
accounting professionals at an IPSASB meeting since it started in 1987.
This meeting will be attended by
IPSAS board members, technical advisors and observers from International bodies
such as the IMF, OECD, INTOSAI, IFAC, the World Bank, etc… In addition to
representatives from the local and regional audit Firms and accounting
professionals from the UAE’s public sector. Read more
Chairman of Abu Dhabi
Accountability Authority (ADAA) had declared in his speech that:- This event
could be a platform for public entities and different interested parties to
make bridges with the IPSAS Board and discuss the pressing accounting considerations
that public entities face these days. it'll conjointly facilitate to grasp
their add developing the most effective public sector Accounting Standards and
for U.S. to debate however best to implement those standards.” AADA believes
that it will be a great revolution for UAE accounting Firms.
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