SYDNEY- The Arab International Society of Certified Accountants (IASCA), a member of the International Federation of Accountants (IFAC), participated in the annual meeting of the Federation held in Sydney.
IASCA was represented in the meeting by Board member Mr. Jamal Melhem and the Society Executive Director Mr. Salem Al-Ouri.
Based on the terms of its membership, IASCA is entitled to vote on the Federation’s decisions, including the election of the ‎Chairman and members of the Board. 
The meeting was attended by a number of international institutions interested in developing the profession around the world, in addition to the participation of approximately seven thousand delegates from 131 countries around the world. 

HE Dr. Talal Abu-Ghazaleh, Chairman of IASCA, said that the participation is an opportunity to highlight the Arab role in participating in the policy-making of the largest regulator of the profession of accountants and auditors around the world. Dr. Abu-Ghazaleh added that participation is an important opportunity to exchange experiences among the members of the Federation.

At this meeting, IFAC, global organization for the accountancy profession, announced the election of the Korean Dr. In-Ki Joo as its president for a two-year term. Moreover, IFAC Council elected six new members to the IFAC Board: Sheila Fraser (Canada), Margrét Pétursdóttir (Iceland), Christine Ramon (South Africa), Jianhua Tang (China), Ayse Ariak Tunaboylu (Turkey), and Lisa Padmore (Barbados).

Moreover, participants discussed the annual reports on the performance of the Federation and the reports of its committees as well as the work plan for the coming year. The Federation further discussed a number of papers and professional studies that may require future changes in its by-laws. In addition, the draft Code of Ethics for professional accountants was reviewed. 

Dr. Abu-Ghazaleh affirmed the major role IASCA has played since its establishment in 1984 in promoting and developing the profession of accounting and auditing in the Arab world, in addition to building the capacities of the national professional societies in the Arab countries to implement the international standards and to follow IFAC generally recognized practices and obligations that contribute to the economic and social development in the Arab world.