The UAE Ministry of Finance (MoF) has initiated a comprehensive review of procedures for preparing the federal government’s 2025 financial statements and final accounts.
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The UAE Ministry of Finance (MoF) has initiated a comprehensive review of procedures for preparing the federal government’s 2025 financial statements and final accounts.
The UAE Ministry of Finance 2025 (MoF) has initiated a comprehensive review of procedures for preparing the federal government’s 2025 financial statements and final accounts. This move aligns with the latest International Public Sector Accounting Standards (IPSAS), aiming to strengthen transparency and consistency across all federal entities.
Key updates include enhancements to the 2025 financial circular, which outlines new guidelines on financial statement presentation, disclosure requirements, and submission deadlines. The Ministry emphasizes adherence to updated standards such as IPSAS 41, 42, 43, and 44, addressing financial instruments, social benefits, and leases.
Mariam Mohammed Al Amiri, Assistant Undersecretary for Government Financial Management Sector, highlighted that these measures reflect the UAE’s commitment to good governance and position the country as a global model in public financial management.
The MoF’s collaboration with the UAE Accountability Authority seeks to improve auditing practices and data quality. This procedural overhaul supports the Ministry’s broader goal of developing integrated digital public finance systems and enhancing the skills of finance professionals across federal bodies.
The review was a central topic at the Financial Data Forum 2025 in Abu Dhabi, attended by government finance officials, academic experts, and students, underscoring the inclusive approach toward advancing financial management excellence in the UAE.
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