The GCC Accounting and Auditing Organization (GCCAAO) organized its third Forum of Accounting and Auditing firms in Doha, Qatar, in May 7- 8, under the patronage of H.E. Yousif Kamal the Minister of Finance in the State of Qatar.

The event was attended by approximately three hundred partners, CPAs, and CEOs to discuss the latest issues and challenges facing the CPA professional in the GCC area. Ms. Shams Al Baharna, the managing partner of Al Mezan Bureau, has attended the forum. She was the only AGN WAA member attending the event.

The event provided an opportunity for GCC CPA Firms partners, seniors to meet in Doha & discuss over two days the current issues related to the profession of Accounting & Auditing, such as Fraud Risk Management, The Role of Internal Control in Increasing Confidence in Financial Reporting, Corporate Governance, The Role of the IFAC in strengthening the Accounting Profession, Value Added Internal Auditing…..etc.

The Key Objectives of GCC Accounting & Auditing Organization

1. Prepare, review, develop, and approve professional standards, particularly accounting and auditing standards and codes of ethics and professional conduct, taking in consideration in the international standards and experience of countries and professional organizations.
2. Develop and unify the means followed in organizing the profession including proposals for amending, developing and unifying existing laws and rules regulating the profession, and procedures followed to obtain practicing licenses.
3. Establish necessary rules for fellowship examination and conducting it, provided such rules cover professional, practical and theoretical aspects of accounting and auditing profession.
4. Promote the standard of professional performance, prepare and conduct CPE programs related to the profession.
5. Establish an appropriate quality review program, follow-up and evaluate professional performance.