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Accountants & Auditors Association
Mechanism of Operation

MEANS TO ACHIEVE THE OBJECTIVES
 
The association relies upon a number of means to achieve its objectives. Below are some examples:

To organize conferences and symposiums to exchange views and expertise in the field of accounting and auditing profession, to develop and train the persons working in this field.

To form specialized sub committees to study certain subject and raise proposals and recommendations in that connection.

To seek help from the experts and specialized persons in this field.

To encourage the exchange of expertise and information amongst the professionals working in the country.

To encourage the scientific research in order to achieve the profession''s goals, develop its practicing methods and standardize the accounting terms.

To encourage authorship and translation in the profession.

To issue periodicals, books and bulletins in the accounting and auditing subjects after obtaining the approval from the competent authorities.

To participate in the local and international conferences, symposiums and committees related to the accounting and auditing profession after obtaining the permission from the Ministry regarding the external participation.

To establish the necessary institutes and centres for the professional training.
 


MEMBERSHIP

MEMBERSHIP OF THE ASSOCIATION

All natural persons and the auditing offices licensed by the competent authorities in the country who fulfil the terms of membership may acquire the membership of the association.
 
 
TYPES OF MEMBERSHIP

Membership is divided into:

(One) Working membership and its terms are:

The person has to be an UAE national.

Must maintain good behaviour and conduct.

Must enjoy the full civil eligibility.

Must hold a university degree in accounting or the equivalent or a high diploma after the secondary school or he must be duly licensed by the Ministry of Economy and Commerce.

Must be working in the field of accounting and auditing.

Must accept the terms of the statute of accounting and auditors association and its related instructions.

To obtain the approval from the Board of Directors.


(Two) Affiliated membership and firms:

The Affiliated membership shall be given to the expatriates and to acquire such membership the following conditions have to be met:

The member has to fulfil all the conditions of the working membership except the condition of nationality.

He must be holding a valid residence permit if his residency in the country requires such a permit.

The auditing firm must be duly licensed by the concerned licensing authorities in the country.
 

(Three) Honorary membership:

The honorary members are those deemed by the Board of Directors to be given such membership from amongst the prominent and intellectual persons who have contributed tremendously or have high profile in the field of public services in the country, but the terms of membership do not apply on them.
 
 

 


POWERS
 
Duties of the Members:

The Member shall endeavor to attain the goals of the association and shall abstain from any acts that harm others or the association or damage its reputation.

To follow the statute of the association, its byelaws and the resolutions of the Board of Directors. He shall inform the Board of Directors about any violation committed by others.

He shall cooperate with the Board of Directors and must execute what is assigned to him.

He shall be a good example in his conduct and behaviour.

He shall pay the prescribed subscription fees for his membership of the association.

 


RIGHTS OF THE MEMBERS
 
( A )The working membership:

The right for candidature and election for the posts of the Board of Directors.

The right to vote in the meetings of the General Assembly.

The right to utilize the properties of the association and practice the available activities.

( B ) The affiliated membership:

The right to discuss in the meetings of the General Assembly without having the right to vote or nominate himself as a candidate for the posts of the Board of Directors.

The right to utilize the properties of the association and practice the available activities.
 


CANCELLATION OF MEMBERSHIP
 

The membership shall be cancelled in the following cases:

If the member dies or resigns.

If he loses any of the membership conditions

If he violates any of the provisions

If he fails to pay the prescribed subscription fees.

If he uses the regulations of the association for purposes contrary to the objectives of the association

The cancellation of membership shall be based on the recommendation from the Board of Directors and vide a resolution passed by the majority of the General Assembly.
PROCEDURES
 


Membership application shall be submitted to the secretary on the specified form for that purpose. The board of director shall take its decision regarding this application in its first regular meeting. The application form must have all the basic information about the applicant.
 

The applicant for membership shall be advised of the decision of the Board of Directors within 2 weeks from the date of issuance.

 
 
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