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ICAEW, a world leader of the accountancy and finance profession, and the Bahrain Accountants Association (BAA) have signed a Memorandum of Understanding to support the growth of the accounting profession in Bahrain.
Both organisations have committed to work together to promote a sound and sustainable accounting and finance profession by sharing their knowledge, improving professional and intellectual development and the interests of their respective members and positively contributing to the development of the accounting profession in Bahrain.
The agreement was signed last week (6 May) by Abbas al Radhi, Chairman, BAA, and Vernon Soare, Executive Director of Professional Standards and Development at ICAEW. It places special emphasis on co-operation in respect of providing the industry and professionals with access to relevant research and development.
Abbas al Radhi, said: "The BAA looks forward to working closely with ICAEW to share experience on the accountancy profession. We are excited to be co-operating on initiatives that will help create a strong, sustainable accounting and finance profession in Bahrain. Both bodies will be able to capitalise on each other's strengths in order to achieve this aim."
Vernon Soare, said: "We are delighted to be embarking on this mutually beneficial alliance with the BAA. We are looking forward to aligning our visions, and sharing our expertise, to bolster the development of the accountancy profession in Bahrain.
"This partnership marks a milestone in the country's journey towards creating an accounting and finance sector which is on par with international counterparts."
Both organisations will also support each other to develop local talent through identifying professionals to join ICAEW as members upon successful completion of the course of study for the prestigious ICAEW Chartered Accountant qualification. Internationally recognised as a premier financial business qualification in 160 countries around the world, the ICAEW Chartered Accountant qualification is held by more than 144,000 professionals.
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About ICAEW
1.ICAEW is a world leading professional membership organisation that promotes, develops and supports over 144,000 chartered accountants worldwide. We provide qualifications and professional development, share our knowledge, insight and technical expertise, and protect the quality and integrity of the accountancy and finance profession.
As leaders in accountancy, finance and business our members have the knowledge, skills and commitment to maintain the highest professional standards and integrity. Together we contribute to the success of individuals, organisations, communities and economies around the world.
Because of us, people can do business with confidence.
2.ICAEW is a founder member of Chartered Accountants Worldwide and the Global Accounting Alliance.
3.The Bahrain Accountants Association was established in 1971 and is considered to be one of the oldest associations in Bahrain and the region. The association has approximately 310 members.
Media enquiries:
Contact Jamie Douglass, ICAEW press office, on +44 (0)20 7920 8718 or email James.Douglass@icaew.com
Mutaz Albadri, Mojo PR, on +971 (0)50 570 6785 or email mutaz@mojo-me.com
Raw'a Al Shamaileh, Mojo PR, on +971 (0)55 155 5753 or email rawa@mojo-me.com
© Press Release 2015
