ABU DHABI, 9th February, 2023 (WAM) — The Abu Dhabi Accountability Authority, ADAA, has announced that it will host the first board meeting of the International Ethical Standards Board for Accountants, IESBA, in Abu Dhabi, Middle East.
From March 13th to 17th, 2023, more than 55 international participants will take part in the event.
IESBA is a globally recognized independent body and a pioneer in the development of ethical standards for the accountancy profession worldwide. Its International Code of Ethics (IESBA Code) encompasses a set of high-quality standards, including addressing requirements for auditor independence, setting high standards of ethical conduct for all professional accountants.
The IESBA Standards have been adopted or used in more than 130 jurisdictions worldwide and have been adopted by 33 of the largest international networks of multinational audit accounting firms (the Accountancy Firms Forum).
Commenting on the importance of Abu Dhabi hosting this major event, Wael Abdul Qader, Head of Audit Services at the ADAA, said: “It is an honor to host the first board meeting of the prestigious International Accountants Ethical Standards Committee in the region. By hosting this event, we are actively contributing to the development of robust ethical standards and the promotion of adoption of the IESBA Code and its consistent application by professional accountants worldwide.
“With this significant event, the ADAA further strengthens its active engagement in local, regional and global efforts to improve audit quality to protect public funds, including through raising awareness of the principles of accountability, integrity and transparency,” he added.
Gabriela Figueiredo Dias, IESBA President, said: “In the context of high-profile corporate scandals, the centrality of ethics to public trust in institutions, businesses and corporate reporting has become irrelevant. Doubt. As markets increasingly focus on sustainability, ethics become even more important in supporting transparent, relevant and trustworthy sustainability information. We are firmly committed to strong, innovative ethical and independent standards, thereby contributing to more robust and sustainable financial markets for the benefit of the economy, society and planet.