The agreement between the two bodies was signed in Dubai on 16 May 2013 by AAA Chairman Saif Bin Abed Al Muhairi and ICAEW President Mark Spofforth. It establishes a framework for the two bodies to work together, sharing knowledge and expertise in order to further the development of the UAE’s accounting profession.
ICAEW and AAA will be working together to continuously improve professional standards in the accountancy and audit profession, across professional practice and industry. They also plan to raise issues of concern to the profession and make representations to concerned parties and regulators where they can offer guidance based on the profession’s expertise.
Finally, both bodies will look to provide training at all levels of the profession, and work together to promote the profession and raise awareness of the role of accountancy in the economy.
Peter Beynon, Regional Director, ICAEW Middle East, said, “Robust and trustworthy accountancy is keystone of business and market confidence, so a strong profession is critical to economic success. ICAEW is committed to supporting the profession across the world, which is why we are delighted to be able to join the AAA in sharing the knowledge and the experience of the two bodies.”
Saif Bin Abed Al Muhairi said, “As one of the oldest and most respected professional accountancy bodies, ICAEW is known internationally for representing the highest professional, technical and ethical standards. AAA is therefore very pleased to be working with them to develop and support accountancy across the UAE.”
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