News
Entitled "Towards an Efficient Profession"
02-Mar-2017
Abu-Ghazaleh Participates in 5th Professional Conference for Accounting & Auditing
KUWAIT - Kuwait Accountants and Auditors Association (KAAA) organized the 5th Professional Conference for Accounting & Auditing entitled "Towards an Efficient Profession" in cooperation with the International Arab Society of Certified Accountants (IASCA), Gulf Cooperation Council Accounting and Auditing Organization (GCCAAO) and Arab Federation of Accountants and Auditors (AFAA).
The Conference held under the patronage of the Prime Minister of Kuwait His Highness Sheikh Jaber Mubarak Al-Hamad Al-Sabah. HE Khaled Nasser Al-Roudan Minister of Commerce and Industry represented the Prime Minister in the Conference, which was also attended by HE Salman Sabah Al-Hmoud Minister of State for Youth Affairs and HE Dr. Talal Abu-Ghazaleh.
Dr. Abu-Ghazaleh said that he was born in Palestine in 1938, fled to Lebanon in 1948 due to occupation, traveled to Kuwait in pursuit of job opportunity after graduation from the university; finally fled to Jordan in 1990 also due to occupation. Dr. Abu-Ghazaleh added that all of his past experience made him proud that he is an Arab who belongs to a great Arab nation.
He added: "Kuwait offered me great favors. I was first recruited in Kuwait, obtained first professional license in accounting, established the International Arab Society of Certified Accountants (IASCA), elected as a member in all international accounting councils, established all companies of Talal Abu-Ghazaleh Organization (TAG-Org), chaired United Nations Team for International Accounting and Reporting Standards and received the first Certified Accounting Shield in 1983."
He concluded: "During my stay in Kuwait, Abu-Ghazaleh Intellectual Property (AGIP) became the best intellectual property services provider worldwide and Talal Abu-Ghazaleh & Co. International (TAGI-Auditors) maintained its position among the Group of 20 Leading Professional Firms. Moreover, I learnt noble values, love and giving from the Kuwaiti people and I learned much from the great Emirs of Kuwait during the last thirty years."
Al-Roudan addressed the importance of accounting and auditing, their role in improving the economy and the role of quality financial statements in economic decision-making.
KAAA Chairman Mr. Ahmad Al Faris (Conference Organizer) welcomed the attendants from professional Arab associations and international institutions and highlighted the Association’s role in improving accounting and auditing and professionally qualifying Kuwaiti accountants.
The Conference discussed various issues, including: promoting social responsibility and sustainability, the role of audit institutions in maintaining the countries’ economies, the government accounting on an accrual basis and its role in raising the financial system efficiency in the state, accounting disclosure and international standards of financial reporting and its impact on investment decisions and recent trends in the audit profession.
KAAA Chairman presented an honorary shield to Dr. Abu-Ghazaleh. On his side, Dr. Abu-Ghazaleh presented an honorary shield to the Kuwaiti Prime Minister (represented by Minister of Commerce and Industry) and an honorary shield to KAAA (represented by its Chairman Mr. Ahmad Al Faris).
It is noteworthy that IASCA and TAG-Org participated in an exhibition that was organized during the Conference.