Tuesday, 02 January 2024 12:17 GMT

QNB And QACPA Sign Mou To Strengthen Collaboration On Accounting


(MENAFN- The Peninsula) The Peninsula

Doha, Qatar: QNB Group signed a Memorandum of Understanding (MoU) with the Qatar Association of Certified Public Accountants (QACPA) to establish a collaborative framework aimed at advancing professional knowledge and skills of its employees in Qatar and across its international network.

Signed by Abdullah Nasser Al Khalifa, Senior Executive Vice President - Group Human Capital in QNB Group, and Dr. Hashim Al-Sayed, Chairman of QACPA, the agreement seeks to promote cooperation in accounting, auditing, governance, anti-money laundering, and compliance.

The agreement reflects both institutions' commitment to fostering knowledge exchange, innovation, and capacity-building to empower national workforce in line with Qatar National Vision 2030 and the Third National Development Strategy.

It also comes within the bank's strategy to maintains high standards of integrity through a corporate governance framework that promotes transparency, accountability, and ethical conduct, supported by strong internal controls and compliance with international best practices.

Further strengthening bilateral collaboration, the MoU includes provisions for certified professional training programs and workshops designed to equip QNB employees with knowledge and skills in accounting, finance, and business management, to ensure compliance with regulatory requirements while promoting a culture of responsible business.

Through this MoU, QNB and QACPA will engage in joint initiatives such as academic research and competitions to support innovation in banking, professional development and knowledge-sharing.

QNB Group is one of the leading financial institutions in the Middle East and Africa and one of the most valuable banking brands in the region. It operates in more than 28 countries across Asia, Europe and Africa, providing tailored banking products and services, supported by a workforce of over 31,000 professionals leading banking excellence worldwide.

The QACPA ' mission is to support the community by deepening its commitment to good principles and ethics and protecting the interests of its members. As a result, the capacity of its human resources has been enhanced through training, participation in all events and developments, and consultation and advice on relevant legislation and laws, in addition to representatives and bodies.

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