Page 95 - SAMENA Trends - Oct-Nov 2023

REGULATORY & POLICY UPDATES SAMENA TRENDS

REGULATORY NEWS

TDRA-UAE obtains the International Public Sector Accounting Standards

certification (CERT IPSAS)

The Telecommunications and Digital strive to instill a culture grounded in the Public Sector Accounting Standards Board
Government Regulatory Authority (TDRA), principles of leadership and excellence (IPSASB) and detailing the developmental
represented by the Human Capital across all operational domains. Our methodology. Participants will gain
Department, obtained the International success in this endeavor is attributed to the a comprehensive perspective on the
Public Sector Accounting Standards (CERT robustness of our national workforce, the widespread utilization of IPSAS across the
IPSAS) certification from the Association teamwork, and an unwavering commitment globe. This global perspective will enable
of Chartered Certified Accountants (ACCA), to realizing TDRA’s highest objectives, in TDRA to align its financial procedures
one of the leading and globally recognized line with "We the UAE 2031" vision, which with international best practices, fostering
international organizations in the field of emphasizes a Forward Ecosystem.” The transparency and credibility. It underscores
accounting. TDRA is the first federal entity International Public Sector Accounting TDRA's dedication to implementing best
to obtain such certificate, which reflects the Standards Program (IPSAS), which TDRA practices and upholding the utmost
advanced capacities and expertise within has successfully adopted, aims to enhance standards of financial integrity within the
TDRA's workforce in the field of finance. and support employees’ skills in the field public sector. It is noteworthy that TDRA's
It also underscores TDRA's leadership, of finance by providing comprehensive embrace of the "IPSAS" program is part
its dedication to excellence in financial guidance on the practical implementation of its steadfast dedication to fostering a
management, and its preparedness to of International Public Sector Accounting culture of ongoing learning and aligning
establish new benchmarks for financial Standards, reaching a mastery stage its procedures with international best
transparency and accountability in that helps improve financial operations practices. This commitment extends to the
the public sector. Commenting on this and enhance comprehensive financial integration of innovation and excellence
achievement, H.E. Mohammad Al Kitbi, management. The program strives to offer a in financial management, driven by
TDRA Deputy Director General for Support hands-on understanding of the application TDRA's recognition of the essential role of
Services Sector, said: “At TDRA, we adhere of these standards, globally acknowledged financial practices in fulfilling its mission
to the directives of our wise leadership, as benchmarks for financial reporting of promoting a prosperous and transparent
recognizing that the pursuit of excellence excellence. Objectives encompass digital ecosystem.
is a continuous journey. Thus, we at TDRA explaining the functions of the International

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