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Abu-Ghazaleh: IASCA’s Participation in IFAC’s Elections and Decisions is a Support for a More Credible Arab Role to Boost Global Growth
22-Dec-2016
BRASILIA – The International Federation of Accountants® (IFAC®), the global organization for the accountancy profession, announced the election of Rachel Grimes (Australia) as its President, for a two-year term effective through November 2018. Ms. Grimes is IFAC’s second female President. IFAC also announced the election of In-Ki Joo (South Korea) as Deputy President.
The IFAC Council has elected three new members to the IFAC Board: Philippe Arraou (France), Tommye Barie (United States), and Idesio da Silva Coelho (Brazil). Wienand Schruff (Germany), Michael Hathorn (UK), Gail McEvoy (Ireland), and Sebastian Owuama (Nigeria) were reappointed for a second term of service.
As a member of IFAC, the International Arab Society of Certified Accountants (IASCA) took part in the meetings and voted for the election of the president and the Board.
HE Dr. Talal Abu-Ghazaleh, chairman of the Society noted that IASCA’s participation is a great opportunity to underline the Arab role in taking part in drawing general policies of the largest entity that organizes the profession of accountants and auditors globally, stating that the participation is also a significant opportunity for exchanging experience among the members of the Federation taking into consideration that the number of participants at the meetings reached up to 86 representatives of international professional bodies.
In her speech, Grimes said: “I am honored to serve as IFAC’s President at a time of great global challenges. There are also remarkable opportunities to strengthen the accountancy profession and further the adoption of global standards in the public interest.” She added, “As President, I look forward to working with our member organizations and other stakeholders as we continue to put trust at the heart of all we do, and at the heart of the global economy.”
Moreover, the IFAC Council admitted three new members (previously IFAC associates):-
• Mauritius Institute of Professional Accountants.
• Ordem dos Contabilistas Certificados (Portugal).
• Union of Accountants, Auditors and Financial Workers of Federation of Bosnia and Herzegovina.