As per the regulatory framework of the auditing profession, in accordance with the Federal Law No (12) of 2014 and it’s implementing regulation and the Ministerial Resolution No. (111-2) of 2022, the Ministry of Economy in cooperation with the ACCA and the Emirates Association for Accountants & Auditors (EAAA) had developed the UAE Fellowship Program to serve as one of several mandatory requirements for licensing auditors in the UAE. This comes as the Ministry is adopting the ‘financial reporting ecosystem’ model, implemented to further boost the role this profession in supporting the UAE vision toward a sustainable and robust economy.
To complete the UAE Fellowship Programme successfully, candidates are required to take up courses and assessments covering essential knowledge elements on Accounting and Auditing standards as well as UAE Tax and Regulation.
The UAE Fellowship Program is part of the regulatory framework for the auditing profession in the UAE, established in cooperation with ACCA and the Emirates Association for Accountants & Auditors (EAAA). This program is a mandatory requirement for licensing auditors in the UAE, aimed at enhancing the profession’s role in supporting a sustainable and robust economy.
This accounting standards course and assessment aims to give the knowledge and then gauge a candidate’s familiarity with International Financial Reporting Standards (IFRS), including all work guides issued by the International Financial Reporting Standards Foundation and the International Accounting Standards Board
After presenting the learning the auditing standards assessment seeks to measure a candidate’s knowledge of International Standards on Auditing (ISA), including all work guides issued by the International Auditing and Assurance Standards Board.
This new Exam presents information on the newly developed UAE tax code in relation to Corporation Tax and other taxes within the UAE. The assessment measures the candidate’s knowledge of all issued legislation related to the practice of the accounting and auditing profession, including the rules of conduct and ethics of the profession, the corporate system, the tax system, and civil and criminal liability related to the practice of the profession.
Connections: Build a strong professional network.
Events: Attend exclusive seminars and workshops.
Multicultural Experience:Â Boost your credentials with a prestigious fellowship.
Local Insights: Understand the UAE’s business and cultural landscape
Stipend: Receive financial support for living expenses.
Accomodation: Benefit from provided housing for a comfortable stay.
ICAP, CIPFA, PIPFA, B.Sc. (Econ)
Experience - 20+ Years
With 23-year experience as Big-Four professional accountant and Top Ten Partner, Altaf is one of the GCC region’s top 10 experts in Technology Powered Tax Accounting and a seasoned Tax practitioner,
He enjoys repute within GCC’s economy movers and has served prestigious clients across multiple industries e.g. Energy, Technology, Media, Telecom, Financial Institutions, Healthcare, Real Estate, and Govt, in UAE, Pakistan and Afghanistan,
He is a serial entrepreneur, ex-CEO of a scheduled bank in Afghanistan, CFO in energy, technology and public health sectors in MENA.
He has also supervised development of Accounting, Risk and Tax Compliance related software, and currently working on setting up a knowledge repository for regional tax frameworks of multiple countries as well as development of a Tax Decision Support System.
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