• In the MENA region, 53% of female respondents and 83% of respondents with a disability have left an employer due to a lack of DE&I
  • 40% of global study participants believe accounting profession is inequitable and exclusive
  • Global report offers over 70 actionable solutions to close the diversity gap

Middle East: – IMA® (Institute of Management Accountants) and IFAC (International Federation of Accountants) today announced the release of the “Diversifying Accounting Talent in the MENA region: A Critical Imperative to Achieve Transformational Outcomes” report, the latest in a series of regional studies. The diversity, equity, and inclusion (DE&I) research study focuses primarily on gender, nationality, and ability within the MENA region, assessing deeply rooted issues inhibiting DE&I progress within the accounting profession. Importantly, the report offers actionable solutions to help close the gap in DE&I.

The report collated responses to a survey from more than 1,100 current and former accounting professionals in the MENA region and exposes key factors contributing to the underrepresentation of diversity in the profession, particularly at the leadership levels. Ninety percent of survey respondents identified as being current or former members of the accounting profession in the United Arab Emirates, Saudi Arabia, Egypt and Lebanon.

The study found that while 66 percent of survey respondents believe the MENA accounting profession to be equitable and inclusive, these numbers dropped significantly when looking at underrepresented demographic groups.

Fewer than 35 percent of women surveyed believe that they receive equitable treatment, operate in an inclusive environment fostered by senior leadership, and have access to the same opportunities, information, support, and resources as their male counterparts.

63 percent of women across each of the surveyed MENA regions report experiencing behaviors they perceive to be rooted in bias against people like them while working in the accounting profession.

83 percent of respondents with a disability and 53 percent of female respondents have left an employer due to a lack of DE&I.

This report mirrors the insight found in IMA and IFAC’s previously released DE&I studies conducted in the Asia-Pacific, European, and United States regions: that inequitable and exclusive experiences have a direct impact on the retention of diverse talent in the professional accounting profession.

IFAC and IMA’s global research study—which pulls data from the four regional studies—found that although some DE&I progress across the jurisdictions studied has been made in recent years, the current diversity gap and inequitable and exclusive practices that exist within the profession confirm that there is more work to be done.

Participants in the series of studies believe that to enact the amount of change needed, coordinated and collaborative action is required. In response, the report presents three catalysts for action and over 70 actionable solutions that the accounting profession in every region can take to remedy the lack of equity and inclusion as a path to improving diversity.

“The voices of more than 1,100 study participants across the MENA region are amplified in this research series as they issued an urgent call-to-action to the profession’s leaders: a call for less talk and more action, for transformational initiatives that leverage the power and reach of the profession’s influence, and for an end to inequities and exclusive practices. IMA echoes the sentiments of the members of the profession, issuing a call-to-action to accounting and finance leaders and our organizational peers to partner with us to take intentional, collective action to affect the magnitude of change required to sustain the profession,” said Loreal Jiles, IMA vice president of research and thought leadership and lead researcher of this global DE&I research series.

“What we’ve learned over the last two years of this research study has been amplified by respondents in the MENA region: diversity, equity, and inclusion gaps are pushing underrepresented professional accountants to the margins of our profession,” said IFAC CFO Russell Guthrie. “Meaningful and timely action to remedy these gaps, as laid out by IFAC and IMA in our global report, will be critical to securing the future relevance and success of our profession, one that thrives on its diverse makeup and commitment to ethics.”

View the full MENA region report here: https://www.imanet.org/insights-and-trends/the-future-of-management-accounting/diversifying-accounting-talent-middle-east-north-africa?ssopc=1

View the full global solutions report here: https://www.imanet.org/insights-and-trends/the-future-of-management-accounting/diversifying-global-accounting-talent-actionable-solutions-for-progress

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About IMA® (Institute of Management Accountants)

IMA® is one of the largest and most respected associations focused exclusively on advancing the management accounting profession. Globally, IMA supports the profession through research, the CMA® (Certified Management Accountant) and CSCA® (Certified in Strategy and Competitive Analysis) programs, continuing education, networking, and advocacy of the highest ethical business practices. Twice named Professional Body of the Year by The Accountant/International Accounting Bulletin, IMA has a global network of about 140,000 members in 150 countries and 350 professional and student chapters. Headquartered in Montvale, N.J., USA, IMA provides localized services through its four global regions: The Americas, Asia/Pacific, Europe and Middle East/India. For more information about IMA, please visit www.imanet.org.

About IFAC

IFAC is the global organization for the accountancy profession dedicated to serving the public interest by strengthening the profession and contributing to the development of strong international economies. IFAC is comprised of 180 members and associates in 135 countries and jurisdictions, representing more than 3 million accountants in public practice, education, government service, industry, and commerce.

About the Survey

The MENA DE&I research study informing this report was conducted with the support and contributions of global research partner, the American Accounting Association; research partners Iraqi Union of Accountants and Auditors, Jordan Association of Management Accountants, Jordanian Association of Certified Accountants, The Lebanese Association of Certified Public Accountants, Palestinian Association of Certified Public Accountants, Philippine Institute of Certified Public Accountants—Dubai Chapter, Saudi Organization for Certified Public Accountants, UAE Accountants and Auditors Association, and Yemeni Association of Certified Public Accountants.