ACCA Signs Memorandum of Understanding (MoU) with the General Authority of Zakat and Tax (GAZT)

The General Authority of Zakat and Tax (GAZT) recently signed a Memorandum of Understanding (MoU) with the Association of Chartered Certified Accountants (ACCA). The MoU aims to support GAZT develop their capabilities in accounting and financial services, as well as supporting joint development efforts between both parties, launch joint programs and training for professionals working in relevant departments within GAZT. 

The agreement was signed at the General Authority for Zakat and Tax (GAZT) headquarters in Riyadh, in the presence of HE Eng. Suhail bin Mohammed Abanmi, Governor of GAZT, and Ms. Fazeela Gopalani, Head of ACCA Middle East. 

The MoU will allow both parties to explore potential areas of cooperation, build knowledge and promote a better understanding of International Financial Reporting Standards (IFRS) and International Public Sector Accounting Standards (IPSAS) amongst finance and accounting professionals. It also aims at ensuring the implementation of joint events in accountancy and finance and providing access to ACCA's professional development guidance and learning resources. 

Under the MoU, the General Authority of Zakat and Tax (GAZT) will have the opportunity to tap into ACCA’s vast resources particularly related to professional accountancy qualifications, especially the Certificate in International Auditing (Cert IA), the Certificate in International Public Sector Accounting Standards in Arabic (Cert IPSAS) and the ACCA latest Certificate in Public Financial Management (Cert PFM) for finance and accounting professionals. The MoU enables both parties to collaborate on the joint development of strategies and events (conferences, forums, panel discussions and roundtables) for finance and accounting professionals at GAZT and ACCA, in addition to marketing campaigns. 

About ACCA

ACCA (the Association of Chartered Certified Accountants) is the global body for professional accountants, offering business-relevant, first-choice qualifications to people of application, ability and ambition around the world who seek a rewarding career in accountancy, finance and management. 

ACCA supports its 219,000 members and 527,000 students (including affiliates) in 179 countries, helping them to develop successful careers in accounting and business, with the skills required by employers. ACCA works through a network of 110 offices and centres and 7,571 Approved Employers worldwide, and 328 approved learning providers who provide high standards of learning and development. 

Through its public interest remit, ACCA promotes appropriate regulation of accounting and conducts relevant research to ensure accountancy continues to grow in reputation and influence.

ACCA has introduced major innovations to its flagship qualification to ensure its members and future members continue to be the most valued, up to date and sought-after accountancy professionals globally. 

Founded in 1904, ACCA has consistently held unique core values: opportunity, diversity, innovation, integrity and accountability.