Posted on May 17, 2017

Qatar University College of Law (QU-LAWC) recently organized its consultative meeting entitled “A New Future for the Law of Accounting Profession”, aimed to explore the legal future of the accounting profession and to provide appropriate regulations and laws.

QU-LAWC consultative meeting [].jpgOrganized in collaboration with QU Scientific Accounting Association, the event is part of LAWC’s commitment to social responsibility and its ongoing efforts to become a leading partner in the development of Qatari legislations. Attendees included QU Vice President for Administrative and Financial Affairs Dr Khalid Al-Khater, Qatar Ministry of Economy and Commerce Assistant Undersecretary for Commerce Affairs Yahya bin Saeed Al Nuaimi, LAWC Dean Dr Mohammed Bin Abdul Aziz Al Khulaifi, and a number of accountants and legal researchers, as well as QU faculty and staff.

Discussions focused on a wide range of issues such as the lack of Qatari auditors and national accounting firms, the application of accounting standards, the necessity to amend the laws that are related to the accounting profession, and the procedures to develop the accounting profession in Qatar, among many others. Commenting on the event, LAWC Dean Dr Mohammed Bin Abdul Aziz Al Khulaifi said: “The meeting provides a platform to evaluate the needs to amend the regulations and laws related to the accounting profession. It also serves to highlight the necessity to monitor the professional performance of auditors in the State of Qatar and to ensure the application of professionalism standards.”

He added: “In hosting this meeting, LAWC demonstrates its commitment to raise awareness on issues that are relevant to the Qatari society and to provide efficient approaches to solve the challenges that are facing many sectors within the society. This aligns with the College’s mission to be a provider of the highest quality of legal scholarship and distinctive service to the local and international community.”