ABU DHABI,13th March, 2023 (WAM) — Abu Dhabi Accountability Authority (ADAA) is hosting the annual board meeting of the International Ethics Standards Board for Accountants (IESBA) for the first time in the region.
The IESBA annual meeting is being held until 17th March 2023 at Abu Dhabi Energy Centre under the theme, “Building the Ethical Foundations for Sustainability”. The event will be attended by more than 55 international members of the board.
The five-day meeting is a product of the ongoing global efforts to further develop professional accounting and auditing practices, allowing members to discuss ongoing projects, deliberations, and group pronouncements, including a range of projects managed by IESBA members.
Wael Abdul Qader, Acting Head of the Monitoring and Auditing Sector at ADAA, said, “Through hosting this meeting, we aim to emphasise the application of ethical standards and practices in accounting and audit. We look forward to meeting our partners and collaborating with them to promote integrity, transparency, and accountability locally, regionally, and internationally.”
Gabriela Figueiredo Dias, IESBA Chair, highlighted the importance of developing strong ethical standards to guide the behaviour of those involved in financial disclosures and related assurance reports. She also noted that holding the meeting in Abu Dhabi aligns with the country's Year of Sustainability and ADAA’s commitment to promoting accountability, integrity, and transparency.
The International Ethics Standards Board for Accountants is the independent global standard-setting body that implements the Code of Ethics for Professional Accountants. Through the code, it sets a framework of ethical principles for accountants and auditors, ensures the integration of national and international ethic standards, as well as the application of International Independence Standards.