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Abu Dhabi Accountability Authority (ADAA) Elected as Board Member in International Forum of Independent Audit Regulators (IFIAR)
 
Tokyo April 2017: 47 Members of IFIAR were hosted by the Financial Services Agency of Japan and the Certified Public Accountants & Auditing Oversight Board (JFSA/CPAAOB) in Tokyo, Japan, at their annual meeting to advance audit quality globally and elected IFIAR first Board of Directors.

In its participation in IFIAR’s 11th annual meeting held in the period from 4th to 6th of April 2017 in Tokyo Japan, ADAA was elected as member in the IFIAR’s first Board of Director.

Recently IFIAR Members have approved Charter changes to establish new Board-led governance structure to enhance IFIAR’s organizational capabilities and accelerate its ability to take actions aimed at improving audit quality. Beside Abu Dhabi, IFIARs board comprises of regulators from Australia, Canada, France, Germany, Japan Korea, Netherlands, Norway, Singapore, South Africa, Switzerland, Turkey, United Kingdom and United States of America.

H.E. Hamad Al Hurr Al Suwaidi, Chairman of ADAA said, “ADAA’s election in IFIAR’s first board is an international acknowledgement of its independent role in supporting Abu Dhabi’s public entities governance and accountability frame work.
He added “ADAA’s previous interactions and practices in raising the quality of audit profession was a key pillar for electing ADAA by other members of IFIAR.”

During the 11th annual meeting members of IFIAR inaugurated its new permanent secretariat in Tokyo Japan, discussed its new strategic plan, reviewed activities of IFIAR various committees and met with CEOs of the six largest network firms globally to discuss recent measures taken by the firms to further enhance audit quality and drive consistency of audit execution through their networks.
 
About IFIAR
The International Forum of Independent Audit Regulators (IFIAR) was established in 2006 and comprises of 52 independent audit regulators from different jurisdictions around the globe. IFIAR provides a platform for dialogue and information sharing regarding audit quality matters and regulatory practices and promotes collaboration and consistency in regulatory activity