Faith in Quality Education

Changing Accounting Paradigm

Accounting Profession, around the world, has greatly changed after hi-profile corporate scandals in USA. Independent auditors’ assurance to stakeholders on financial statements was found inadequate. Corporate Management (CEO & CFO) have been given additional responsibility of reporting to stakeholders and bringing in quality in financial accounting/ reporting through internal control systems. Consequently accounting paradigm has been shifted to new heights, stimulating the need for additional skills, improved professional standards and ethical values to professional accountants.

UAE economy is on the fast track. Establishment of regulatory agency, creating climate for corporate business structure, new stock exchange for regulating IPO’s & stock trade, mushroom growth of multi-national companies, expansion of Free Trade zones etc. are leading to better corporate governance and adoption of IFRS. These changes will lead to more transparency and adoption of global business standards and professional ethics.

Above developments in the global & UAE business environment need the accountants to upgrade their skills and keep abreast of changes in accounting environment. MECCADEMIA Education Institute will assist in your mission towards it . . .

• Professional Certification Programs
• Management Development Programs