The importance of modifying existing trial balance and account codes to separately capture specific costs required by the ICV certification process
The Ministry of Industry and Advanced Technology (MoIAT) introduced the National In-Country Value (ICV) program in 2017 to increase the contribution of local industries and support their integral role in advancing economic and social development in the UAE. ICV certification evaluates a supplier’s contribution to the UAE economy through local spending, investments, Emiratization, etc. and … Read more