News
Abu-Ghazaleh Highlights IASCA’s Compliance with the International Federation of Accountants’ SMOs
02-Mar-2017
DEAD SEA - The International Arab Society of Certified Accountants (IASCA) participated in the workshop entitled "Exchanging Experiences and Taking Advantage of Challenges" organized by the Jordanian Association of Certified Public Accountants (JACPA), the International Federation of Accountants (IFAC) and the World Bank and attended by representatives of many Arab professional associations.
During the three professional sessions, the workshop shed the light on a number of key issues, challenges and opportunities in the world of accounting and businesses, in addition to the IFAC membership requirements and obligations. Other topics included the need to promote the adoption and implementation of the International Financial Reporting Standards (IFRS), collaborating with stakeholders to ensure the quality of the control systems and to implement them when adopting the international standards, as well as developing competencies and professional credibility.
Mr In-Ki Joo , Deputy President of IFAC discussed issues relating to the adoption of IFRS pointing out that they have not been adopted in all countries so far, and that the gradual process of adoption is still underway and will continue in the coming years.
HE Dr. Talal Abu-Ghazaleh expressed IASCA keenness to abide by the Statements of Membership Obligations (SMOs) assigned for professional associations members of IFACHe stressed that IASCA strives unceasingly to develop the profession and provide the Arab accountant, particularly IASCA members, with the latest amendments and changes in the profession at the international level.
Mr. Hatem Qawasmi, Chairman of JACPA welcomed the attendees and expressed his pleasure to meet representatives from international entities that support the adoption of international standards worldwide. Qawasmi delivered a presentation on the International Education Standards for Professional Accountants underscoring their importance in accounting educational system and provided a brief overview on the standards implemented in Jordan.
Mr. Salem Al-Ouri, Executive Director of (IASCA) and Mr. Jamal Melhem member and representative of IASCA in Palestine participated in the workshop. Mr. Jamal delivered a presentation highlighting the role of IASCA in developing and progressing the accounting profession in Palestine and the Arab region. He pointed out the significant role that IASCA played in inducing the government of the Hashemite Kingdom of Jordan to implement IFRS in the public sector.