Morgan and IASeminars are offering more than 60 IFRS (International Financial Reporting Standards) and US GAAP (Generally Accepted Accounting Principles) public courses.

Explaining the importance of the courses and the high demand for trained professionals, a company official said that frauds in large local firms can be prevented by adopting definitive measures such as IFRS standards. 

In the wake of similar scandals that plagued the US and Europe years ago, new legislation was passed with IFRS becoming pivotal.

Not only is IFRS leading the way in international standards by ensuring corporations in different countries can work together while ‘speaking’ a very similar financial reporting ‘language’, but more and more countries know that conforming to IFRS is key, he added.

Now, given recent events, it is highly likely that the UAE will also follow suit, especially since the government announced its initiative to investigate and audit firms.   

People working in the field already know that being IFRS savvy translates into being empowered to conduct business in the competitive global market.  And this currently has even more significance than ever before in the UAE, he added.

With the right knowledge, financial statement fraud can be prevented and the UAE’s business and service sectors can project a professional image throughout the world.

Based in London and Washington DC, IASeminars is a specialist independent training company providing a comprehensive range of international accounting and finance training courses around the world.-TradeArabia News Service