Dubai – MENA Herald: Deloitte and ACCA (the Association of Chartered Certified Accountants) launched today the ACCA Certificate in International Public Sector Accounting Standards in Arabic (Cert IPSAS in Arabic). In fact, out of the 22 Arab League member states, five governments are currently implementing accrual accounting IPSAS, transitioning from cash / modified cash accounting basis. This number is expected to double over the next two years, hence the need to provide Arab communities with a quality and internationally recognized accounting certificate in IPSAS.
“The development of skilled professional talent capable of leading and executing the government’s financial management according to international standards is at the top of the agenda of public sector leaders we talk to,” said Maher Khalil, Consulting Partner and operations leader at Deloitte in the Middle East. “ACCA and Deloitte are making this Arabic language professional international certification available to the region as a reflection of our commitment to Arab countries and the ambitious strategies to develop their public sector.”
“Building financial and accounting knowledge and capability of the public sector professionals is a key enabler of economic development and public accountability,” added Lindsay Degouve de Nuncques, Head of ACCA Middle East. “These are the very reasons why we have developed the English Cert IPSAS, which we launched globally in November 2014.”
The Cert IPSAS has been specifically developed for public sector organizations to train their professionals on IPSAS – the global accrual-based accounting standards used for the preparation of general-purpose financial statements.
“The Cert IPSAS in Arabic provides a foundational learning on the basics of IPSAS, the key principles of accrual accounting in the context of the public sector, and equally important promotes awareness of Arabic technical accounting IPSAS terminology,” added Mohammad Jallad, Audit Partner, Deloitte in the Middle East.
“The Cert IPSAS has been developed to support and build strong financial reporting based on internationally recognized financial reporting standards for the public sector, and we recognized a need here in the Middle East that an Arabic version was necessary – hence working together with Deloitte in developing this concept,” added Lindsay Degouve de Nuncques.
The Cert IPSAS in Arabic consists of an online course and assessment and is designed to offer individuals the flexibility to pursue this certification by customizing their learning schedule and planning their assessment dates. The Cert IPSAS in Arabic is suitable for any public sector professional with a basic understanding of accounting and is very valuable to university students considering a career in the government and public sector.
“The aspirations of the academics, advisors, trainers and practitioners who made this Arabic certificate a reality is for as many professionals to pursue and benefit from the certificate,” concluded Faisal Darras, Consulting Director at Deloitte in the Middle East. “This way they become part of a community of Arabic certified public sector accounting professionals who can work across the Arab countries and contribute to the successful implementation of accrual accounting IPSAS across the region.”