The rebranding of the United Arab Emirates' firm – now simply called UHY – provided the network with an opportunity to build awareness in the Middle East.
The firm held a 'forum dinner' in Dubai for more than 50 bankers and financiers from the Dubai business community. The dinner was hosted by UHY in UAE along with the British Business Group's banking & finance focus group, and other business councils in Dubai.
Among guests were the UHY Board of Directors. In a presentation, chairman John Wolfgang shared his views on the European Commission's Green Paper [a discussion paper] on audit policy, which encourages a fresh look at the role of audit policy, and the ways in which it needs to evolve to maintain its value for stakeholders.
Issues raised in the paper include whether auditors should report more on risk and other forward-looking information. It asks whether there is a need for audit to be expanded and to evolve, and for its findings to be communicated more clearly.
John's comments are reported in this issue. See: 'Redirecting the crisis'.
David Burns, director HR consulting & corporate communications, with UHY in the UAE, told the audience: "The value to businesses in accessing finance should not be underestimated in today's market, where credit is tight. While audit, as currently constituted, adds considerable value to business, it could do a lot more.
"Robust audit is key to re-establishing trust and market confidence; it contributes to investor protection and reduces the cost of capital for companies."
Before the event, John also gave an interview to a local business morning radio show, The Business Breakfast, on Dubai Eye 103.8. He focused on the need for global accounting standards and IFRS conversions. John (pictured below, left) is with Malcolm Taylor, one of the show's hosts.
The firm held a 'forum dinner' in Dubai for more than 50 bankers and financiers from the Dubai business community. The dinner was hosted by UHY in UAE along with the British Business Group's banking & finance focus group, and other business councils in Dubai.
Among guests were the UHY Board of Directors. In a presentation, chairman John Wolfgang shared his views on the European Commission's Green Paper [a discussion paper] on audit policy, which encourages a fresh look at the role of audit policy, and the ways in which it needs to evolve to maintain its value for stakeholders.
Issues raised in the paper include whether auditors should report more on risk and other forward-looking information. It asks whether there is a need for audit to be expanded and to evolve, and for its findings to be communicated more clearly.
John's comments are reported in this issue. See: 'Redirecting the crisis'.
David Burns, director HR consulting & corporate communications, with UHY in the UAE, told the audience: "The value to businesses in accessing finance should not be underestimated in today's market, where credit is tight. While audit, as currently constituted, adds considerable value to business, it could do a lot more.
"Robust audit is key to re-establishing trust and market confidence; it contributes to investor protection and reduces the cost of capital for companies."
Before the event, John also gave an interview to a local business morning radio show, The Business Breakfast, on Dubai Eye 103.8. He focused on the need for global accounting standards and IFRS conversions. John (pictured below, left) is with Malcolm Taylor, one of the show's hosts.
The radio recording is here.
During the visit, the UHY Board held its January strategy meeting and also toured the Dubai International Financial Centre (DIFC). Pictured (below) at the DIFC, from left, are assistant manager Humaid Ali; Sandy Shipton, executive director; and UHY Board members: Peter Dubbers; chairman John Wolfgang; John Lim; Ladislav Hornan; and Bernard Fay; with UHY executive director, James Vrac.
During the visit, the UHY Board held its January strategy meeting and also toured the Dubai International Financial Centre (DIFC). Pictured (below) at the DIFC, from left, are assistant manager Humaid Ali; Sandy Shipton, executive director; and UHY Board members: Peter Dubbers; chairman John Wolfgang; John Lim; Ladislav Hornan; and Bernard Fay; with UHY executive director, James Vrac.
Also pictured (below) visiting the British Business Group are, from left: Tony Thomas, Mushtaq Ali Shaikh, Ravi Shankar, Jeetendra Chauhan, Farook Khimani, Ajeit Saksena and Rajiv Saxena, all from UHY in the UAE, with UHY executive director James Vrac; UHY Board director Peter Dubbers and chairman John Wolfgang; David Burns of UHY in the UAE; and UHY Board directors Bernard Fay, John Lim, Ladislav Hornan and Mark Nicholaeff.
