The United Arab Emirates’ (UAE) Ministry of Finance (MoF), in collaboration with the Association of Chartered Certified Accountants (ACCA), has initiated an International Public Sector Accounting Standards (IPSAS) certification programme.
This programme commenced with a training session in Dubai from 17 to 21 February 2025, according to a press release posted on Zawya.
It is targeting the enhancement of skills for financial professionals within federal ministries and entities.
Participants in this programme include financial managers, department heads specialising in finance and accounting, as well as accountants.
The IPSAS certification is a part of the Financial and Accounting Capacity-Building Project.
The project is aimed at bolstering the expertise of federal government financial professionals through governmental collaboration and integration.
The certification is tailored to meet the demands of financial and accounting professionals at the federal level.
It seeks to augment their analytical and technical skills, enabling them to tackle accounting challenges while adhering to international financial reporting standards.
By 2025, the programme aspires to certify and graduate one hundred public sector professionals.
The partnership with ACCA is intended to equip government employees with the necessary tools to apply international accounting standards and fostering transparency and financial efficiency.
The benefits of this initiative extend to the improvement of financial reporting quality and the assurance of greater accuracy in data used for decision-making processes.
MoF Mariam Mohamed Al Amiri Government Financial Management Sector assistance undersecretary “The IPSAS certification programme is a significant step in the right direction. It will bolster the Ministry of Finance’s recently launched financial and accounting capacity-building project.
“The latter aims to equip accountants and financial professionals in federal entities with the skills needed to adopt accrual-based accounting standards, ensuring the UAE’s leadership in financial innovation and governance.”
The workshop represents a segment of the broader partnership agreement signed between the MoF and ACCA in November 2024.
