(MENAFN- Gulf Times) The Qatar Institute for Public Finance (QIPF), in collaboration with the Ministry of Finance (MoF), and the Organisation for Economic Cooperation and Development (OECD), is organising a workshop on 'Best Practices in Accounting, Asset, Liabilities and Risk Management, it was announced in a statement.
The event, to be held at the Qatar Finance and Business Academy (QFBA), comes in the framework of the three organisations' commitment to developing sustainable and efficient public finance strategies through dedicated research concerning the Mena region by international industry experts.
QFBA acting CEO Dr Mohamed Abdullah al-Emadi said: 'This workshop comes as a complement to its predecessors and is part of our ongoing pursuit to raise the standards of public finance in Qatar and the Mena region to new horizons by keeping abreast of the most advanced and up-to-date practices in the world.
He said the three-day workshop will discuss a number of key issues in the field of financial accounting in the public sector at the national and regional levels through specialised academic research papers highlighting a number of central topics such as accounting concepts, the outcome of OECD surveys in the Mena region, the UK experience in the field of governmental financial accounting, asset and liabilities management, among others.
Each research paper presented at the workshop will be followed by an interactive panel discussion between speakers and participants, al-Emadi added.
Professor John Blundell, head of the Budget and Public Expenditures Section at the OECD, said: 'The participation of the OECD in this workshop comes as part of the organisation's efforts of keeping pace with the most recent international practices in various financial fields and utilising them through constructive and objective dialogue and exchanging experiences to advance the field towards promising horizons.
'During the workshop, the main accounting functions of governments around the world will be reviewed and the accounting systems will be analysed in terms of their differences, application mechanisms, and differentiation through a number of specialised papers.
The OECD, as an international organisation aimed at promoting policies that improve the economic and social well-being of people around the world, enables governments to understand and address economic, social and environmental issues, opportunities, and challenges. It covers various aspects of financial discipline and sustainability, as well as the allocation of resources and monetary efficiency in government operations.
The QFBA continues to work with the Ministry of Finance as a central institution responsible for the economy and public finances in Qatar through its market research, analysis of gaps in public sector finance, solutions through specialised research, and the implementation of their outcomes via training programmes.
The QFBA was established by the Qatar Financial Centre (QFC) with the aim of creating an educational and developmental institution in Qatar that provides practical educational services in the financial sector. The academy targets individuals who are qualified to start financial work all the way to senior executives, and trains them in basic financial disciplines in the areas of banking, asset management, capital markets and insurance.
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