MoF's event advances federal accounting, financial practice

The Ministry of Finance (MoF) organised a roundtable session to discuss the latest updates regarding the Federal Government's Accounting Standards Manual and the Federal Government Financial Policies and Procedures Manual, as part of its ongoing efforts to develop accounting and financial practice across the federal government and align with the latest international standards.

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The session brought together Mariam Mohammed Al Amiri, Assistant Under-Secretary for the Government Financial Management Sector at the Ministry of Finance; Amna Hassan Al Shamsi, Director of Financial Policies and Government Accounting Standards at the Ministry, along with finance directors, heads of financial departments from all federal entities, and leading experts, accountants, and financial controllers.

The session aimed to analyse challenges and review the key enablers and implementation considerations that federal entities must address to ensure the effective application of the updated manuals, thereby enhancing financial performance and supporting financial governance requirements.

Mariam Mohammed Al Amiri, Assistant Under-Secretary for the Government Financial Management Sector at the Ministry of Finance, stressed that the recent updates to the Accounting Standards Manual and the Financial Policies and Procedures Manual reflect the Ministry's commitment to building a solid and flexible financial system based on the highest standards of transparency and governance, keeping pace with global developments in public sector accounting.