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Changing Accounting Paradigm

Accounting  profession around the world has greatly changed, after hi-profile corporate scandals in USA. Independent auditors' report to stakeholders on  financial statements were found inadequate to protect interest of public investors. Corporate Management  (CEO and CFO) has been given additional responsibility of  reporting to the public and bringing in quality by establishing and maintaining sufficient and efficient internal control systems.

Consequent to these changes, accounting paradigm has shifted to new  heights, bringing in the needs for  additional skills, improved professional standards and ethical values to professional accountants. UAE economy is set for galloping growth. Establishment of Financial and Stock Regulatory Agency to regulate Public Issue of shares (IPO) and stock market, the growing corporate business structure, mushroom growth of Multi-National Companies, expansion of Free Trade Zones are putting pressure to  adoption of IFRS  (International Financial  Reporting Standards). These growth, development   and expansion of economy  stimulate the need for adoption of global  standards and thereby the improved  knowledge. So there is a need for keeping abreast of all  global developments.               

Developments around the world and in UAE business environment trigger the  need for accountants to upgrade their skills and keep abreast of global changes in information risk management & corporate governance. Emerge will assist you to acquire the required skills by: 

• Professional Certification Programs
• Management Development Programs