Malé, Maldives – 29 November 2025

The IFRS Forum 2025, hosted by CA Maldives, successfully concluded today at Villa Nautica following a full day of high‑level discussions on clarity, consistency, and sustainability in financial reporting. The event brought together regulators, standard‑setters, industry leaders, and accounting professionals to explore the evolving landscape of International Financial Reporting Standards (IFRS) and their growing relevance in the Maldives and beyond.

In his opening remarks, CA Maldives President, Mr. Mohamed Haleem, underscored that IFRS is the language of economic trust, essential for investor confidence and market stability. He highlighted the critical role of high‑quality financial reporting in supporting the Maldives’ tourism‑driven economy and strengthening governance within state‑owned enterprises.

Delivering the address as Chief Guest, Mr. Mohamed Hussain Maniku, CEO of the Capital Market Development Authority (CMDA), emphasized the importance of robust financial reporting frameworks in reinforcing market confidence and regulatory integrity. He noted that collaboration between regulatory institutions and the accounting profession is vital for building a resilient and transparent financial ecosystem.

Dr. Keith Kendall, Chair of the Australian Accounting Standards Board (AASB) and the Asian‑Oceania Standard Setters Group (AOSSG), highlighted the Maldives’ strong commitment to IFRS despite its size. He commended the nation’s dedication to credibility, transparency, and global alignment in financial reporting practices.

Setting the tone for the technical sessions, Dr. Andreas Barckow, Chair of the International Accounting Standards Board (IASB), delivered the keynote address. His presentation provided global context on current IFRS developments and encouraged forward‑thinking approaches within the profession to meet emerging challenges.

In his closing remarks, CA Maldives Vice President, Mr. Ali Faris Mohamed, reflected on the achievements of the current council, noting that within its first year, CA Maldives successfully hosted seven major forums—including the Inaugural Members Forum, Auditors Forum, CFO Forum, Tax Forums, Maldives Accountants Forum, the 17th AOSSG Annual Meeting, and culminating with today’s IFRS Forum. Most of these landmark events were organized within the last five months, demonstrating the council’s commitment to elevating professional standards and fostering sectoral development.

The IFRS Forum 2025 concluded with a shared commitment to strengthening financial reporting quality, enhancing professional capacity, and deepening collaboration across regulatory and standard‑setting communities.