Qatar Finance and Business Academy (QFBA) has signed an exclusive partnership with KPMG - a global accounting firm providing audit, tax and advisory services - to provide International Financial Reporting Standards (IFRS) training programmes in Qatar.
As part of this alliance, experienced KPMG professionals will help to equip the trainees with the most up to date understanding of IFRS.
One of the initial programmes will prepare participants for the Diploma in IFRS (DipIFR) exams of the Association of Chartered Certified Accountants (ACCA).
An IFRS Advanced Banking Course is also expected to be launched early next year as one of series of initiatives. IFRS courses would be tailored to the requirements of the industry and corporates.
Highlighting that IFRS is fast becoming the benchmark for the accounting world, the QFBA said programme participants will reap the benefits of learning from industry professionals who have global exposure to IFRS.
Initially, the courses will focus on Qatar. However, in the near future, the courses will be open to regional and international participants.
Earlier this year, as part of the Qatar Banking Summit 2012, QFBA and KPMG organised a workshop for finance professionals from the Qatari Banking sector. At the same summit, QFBA discussed its plans to launch an IFRS training initiative targeting finance professionals in the banking sector.
This recent agreement comes days after QFBA, an all-encompassing training provider, certificate regime developer and examination administrator, launched its 2013 Program.
“This is part of the wider strategy of helping to diversify Qatar’s economy and create a world-class knowledge based economy. The partnership with KPMG is the most recent of the programmes and services offered by QFBA which contributes towards the achievement of this goal,” Abdulaziz al-Horr, CEO of QFBA, said.
The QFBA’s prime objective remains supporting the growth of Qatar’s leading financial services centre through learning and development, according to him.
“IFRS is becoming the reporting standard globally in a changing environment. Our alliance with the QFBA would equip professionals to be prepared for the developments and understand the impact of changes,” Gopal Balasubramanian, Partner, KPMG, said.