United Arab Emirates, Dubai: The Institute of Chartered Accountants in England and Wales (ICAEW) has partnered with PwC’s Academy and developed a foundation specialist course in accounting –the ICAEWAccounting Skills Certificate (ASC)- to be exclusively delivered by PwC in English and Arabic across the Middle East.
The ASC has been designed by ICAEW and serves as a platform for other professional qualifications. It is targeted towards a range of participants from young graduates to finance professionals looking to adequately prepare for the demands of the workplace.
Commenting on this partnership PwC’s Academy Partner Amanda Line said “This foundation certificate is the only one of its kind in the region. Given its availability in Arabic and English, it reinforces our vision of supporting the sustainable growth of talent in the region.”
Adding “The prospect of falling oil prices has increased the urgency for diversification in the Middle East. A large working age-population combined with industries that are capital, rather than labour, intensive has left governments with the issue of unemployment and is prompting them to diversify. The local workforce however, is not necessarily equipped with the right skill set to address the challenges of the future. There is also increased competition from emerging economies, where high standards of education and a thirst for continuing professional development have been long established. This means that the pressure is mounting on Middle East countries to keep up and to compete on a global level. The ICAEW Accounting Skills Certificate is great way to help bridge this talent gap and prepare young professionals for the challenges ahead.”
According to PwC’s 17th Annual Global CEO Survey, 61 per cent of company CEO’s in the world found limited availability of talent to be a threat and concern to company growth. And evidence from the World Economic Forum suggests that in this area the Middle East is falling behind: across the GCC as a whole, 14.4% of executives report that the workforce lacks sufficient skills.
While the certificate is principally aimed at graduates looking to pursue a career in finance and accounting, the course is also beneficial for finance professionals who don’t have financial professional qualifications and for companies looking to upgrade their finance team and enhance their training and skill sets.
Gavin Aspden, Director of Qualifications at ICAEW said “This certificate, supported by excellent tuition, will not only provide a platform to start a career in accountancy but will enable anyone who hopes to become a decision maker in any business to understand the significant role of finance in the workplace.”
About PwC’s Academy
PwC’s Academy is the educational business of PwC. Our goal is to help improve the knowledge, skills, competence and expertise of our people in finance and business; to help organisations across the region grow and retain their talent. Our foundation is our team of expert professionals who convey their wealth of knowledge and the practical experience they have gained within leading organisations around the world.
PwC’s Academy is committed to supporting the sustainable growth of local talent across the region. Our expanding Academy currently operates across the Middle East from six countries: UAE, Oman, Egypt, Lebanon, Qatar and Saudi Arabia. PwC’s Academies in the Middle East are part of a growing network of Academies present in over 30 countries worldwide. We offer a variety of training courses covering financial competencies, management skills and professional qualifications. Our courses are based on the best practices of PwC Global and the individual experiences of our experts. We constantly adapt our courses to meet the needs of modern business, customising them to our client’s requirements and assisting our clients in reaching their organisational training and strategic objectives.
PwC’s Academy’s global network of professionals sets us apart from other providers. We communicate constantly, exchange best practice, ideas and experience. We take this knowledge and evolve our courses to meet the ever-changing needs of modern businesses and their people in the region; this way we make sure that we are providing the very best training programmes for our clients, our students and their sponsors.
PwC firms help organisations and individuals create the value they’re looking for. We’re a network of firms in 157 countries with more than 184,000 people who are committed to delivering quality in assurance, tax and advisory services. Tell us what matters to you and find out more by visiting us at www.pwc.com.
Established in the Middle East for 40 years, PwC has firms in Bahrain, Egypt, Iraq, Jordan, Kuwait, Lebanon, Libya, Oman, the Palestinian territories, Qatar, Saudi Arabia and the United Arab Emirates, with around 2,700 people. (www.pwc.com/middle-east)
PwC refers to the PwC network and/or one or more of its member firms, each of which is a separate legal entity. Please see www.pwc.com/structure for further details.
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Founded in the UK in 1880, ICAEW supports, develops and promotes over 142,000 chartered accountants in more than 160 countries worldwide. As a world leading professional membership organisation headquartered in London, we also have offices in Beijing, Brussels, Dubai, Hong Kong, Kuala Lumpur and Singapore.
We provide qualifications and professional development across accountancy, finance and business. Our chartered accountancy qualification, the ACA, is one of the most advanced learning and professional development programmes available. We offer a range of leadership programmes, helping to transform finance specialists into business leaders.
We share our knowledge, insight and technical expertise to influence the future of the global profession. Our thought leadership, industry and economic research, and technical updates ensure that we continue to advance accountancy and finance around the world.
We act in the public interest to protect the quality and integrity of the accountancy and finance profession. Through our Practice Assurance, regulatory and professional conduct schemes we ensure the highest professional standards. As leaders in accountancy, finance and business our members have the knowledge, skills and commitment to maintain the highest professional standards and integrity. Together we contribute to the success of individuals, organisations, communities and economies around the world.
Because of us, people can do business with confidence.
ICAEW is a founder member of Chartered Accountants Worldwide and the Global Accounting Alliance.