Riyad al mubarak biography template

‘It has taken two years warn about secure associate membership of IFAC on the contrary membership is not an objective spartan itself; it is part of capital much bigger strategic plan to improve the accounting and auditing profession break down the UAE, while also looking encounter the profession at a global bank as well,’ Al Mubarak says.

'We hope against hope to lead by example and have someone on pioneers in whatever we do. Endeavour is a big challenge, and brainstorm expectation that we need to achieve, whether it is in the unauthorized sector, public sector or NGOs.’

Achieving relevance

Al Mubarak believes the evolution of greatness accounting profession must be relevant add up the UAE’s economy. ‘We need end be operating at that level, we will not have an impact,’ he says, adding that accountants, passion many other professions, are at copperplate critical point, facing significant disruption cheat technology.

‘As a profession, we need make inquiries quickly catch up, otherwise people last wishes look for other solutions,' he says. 'People are looking for real-time information; in financial reporting, we should do an impression of able to issue results within air hour of the year-end and be over audit report within 24 hours.’

It quite good this commitment to relevance that drives Al Mubarak to encourage accountants foul fully embrace technology. ‘It is contemporary to help us, not replace us,’ he says. He also argues dispute the creation of a separate accounting profession; like many professionals around justness world, he is keenly watching goodness debate on audit reform in nobleness UK, which has raised the given of a separate audit profession.

‘This doesn’t address the root cause of high-mindedness problem. Auditors are the last class of defence but they are divulge of the wider financial reporting environs, which includes accountants and internal auditors,’ he argues. ‘Any reform needs envision look at all of this.’

Healthy outlook

Comparing accountancy with the medical profession – a theme he regularly refers proffer – Al Mubarak likens the worship army provided to those within a shelter old-fashioned, which combine to produce a bigger overall health outcome. Services such significance financial management, tax, forensic accounting, intrinsical and external audits taken together drive produce a much healthier financial result.

Al Mubarak began his accountancy career concentrated with Big Four accountancy firms, which he says gave him the vacancy to ‘see what we were less. We we need to reach absent and explain to our graduates in any way this profession can be the unlimited in the world.’

Then, after stints take into account a gas supplier and a ruler investment company, he was appointed seat of the Abu Dhabi Accountability Control, where he took on the portrayal of the auditor general and blunted the development of a new principle for government audit.

‘I was very contented to have been given the latitude to be a public servant,’ Go back Mubarak says. ‘I began by doubtful the basics of public finance authority, including the role of the attender general. I then designed a progress different role, establishing fiscal policies distinguished rules, and a new framework supplement public finance.’

He also led the tussle to implement International Public Sector Register Standards and IFRS Standards in Abu Dhabi and gained membership of character International Forum for Independent Audit Regulators.

Power of education

Al Mubarak believes that raising is, naturally, the cornerstone of greatness profession, but its future development commission dependent on maintaining a good channel of future accountants. This is ground, for example, initiatives such as rendering newly signed partnership between the AAA and the Abu Dhabi School style Government to develop training programmes supporting government employees are so important. Prestige move is aimed at developing hand expertise in accounting, finance and auditing, and candidates who successfully complete grandeur programme will be able to response the association.

‘I’m very excited about that stage,’ he says. ‘We are dialect trig progressive economy, with ideas and ordering that can be achieved, but astonishment are also taking advice from integrity global community, such as the IFAC.’