I later learned that the accountant had spent most of his professional life in a car dealer’s warehouse. This narrative is illustrative of how many of our accountants had failed to recognize how fast the auditing profession was evolving and how critically important are their roles in an economic system.
In each case, the CBB has moved quickly to provide an enabling regulatory environment for the sound and stable development of that segment of the industry. Ladies & Gentlemen, I have no doubt that Bahrain, as the Middle East’s most mature financial centre, will remain at the forefront of financial developments in the Middle East region.