ITC was presented with the status of “ACCA Approved Employer” by the Association of Chartered Certified Accountants (ACCA) in a ceremony held at Al Faisaliah Hotel, Riyadh on 17 October, 2017. The ceremony titled “ITC’s journey towards International Financial Reporting Standards (IFRS)” was also a celebration recognizing accomplishment of 31 of ITC’s Finance and Accounting staff for obtaining a professional certificate in IFRS offered by ACCA. Representatives from ACCA joined the celebration which was also attended by representatives from a variety of companies and sectors including Human Resource Development Fund and members of Big 4 accounting firms within Saudi Arabia.
The celebration was marked by signing of Memorandum of Understanding between ITC and ACCA for mutual co-operation in the development of accounting and finance skills for the finance professionals at ITC. Being the 4th company within the Kingdom enjoying the “ACCA Approved Employer” title puts ITC in the league with the biggest conglomerates within Saudi Arabia.
Also, ITC is now the only organization within Middle East having more than 30 employees holding IFRS certificate. The most notable attribute is that all of these employees were trained and certified in-house. This landmark achievement was celebrated by distributing certificates among the qualifying staff.
A shield was presented to ACCA for their recognizable services in the advancement of the accounting and finance profession by ITC.
Association of Chartered Certified Accountants (ACCA) is a UK based global body of professional accountants having more than 684,000 qualified members and students worldwide and more than 80 partnerships with accounting bodies from various countries across the globe.