‘Qatar moves towards stronger governance and global compliance frameworks’

DOHA: Qatar is entering a new era of corporate transparency and accountability as recent regulatory reforms and global reporting standards reshape the...

DOHA: Qatar is entering a new era of corporate transparency and accountability as recent regulatory reforms and global reporting standards reshape the nation’s financial and business landscape, an expert said.

With the implementation of updated International Financial Reporting Standards (IFRS), new sustainability disclosure requirements, and the introduction of a strengthened governance code for listed companies, the country is reinforcing its commitment to aligning with international best practices.

These developments mark a significant step in Qatar’s journey toward building a more resilient, responsible, and globally competitive corporate environment.

“IFRS reshapes how an entity’s financial performance is presented, and its application is mandatory in Qatar,” Midhat Salha, Partner, Audit and Assurance Leader at Deloitte Middle East, told The Peninsula.

“A few requirements are worth emphasising. The first one relates to the aggregation and disaggregation of data, which addresses inconsistent practices related to the level of information provided to the users of financial statements.”