DUBAI - The International Arab Society of Certified Accountants (IASCA) held the annual meeting of its Board of Directors and the General Assembly under the chairmanship of HE Dr. Talal Abu-Ghazaleh in Dubai in the attendance of a host of society members from various Arab countries.

 
During the meeting, the 2018 annual report was reviewed as well as the balance sheet and budget in addition to discussing several central issues, most importantly the necessity to start a revolution in the accounting and auditing profession to keep up to date with rapid technological development in this sector.

In this regard, Dr. Abu-Ghazaleh said that we have to lead this revolution by introducing and incorporating Information Technology in the accounting profession and by developing programs that assist accountants and auditors in accomplishing their work more accurately, faster and at a lower cost with the support of Artificial Intelligence (AI) revolution.

Dr. Abu-Ghazaleh declared that Talal Abu-Ghazaleh Organization (TAG-Org) has already started to design its own program to serve as a model for other companies and institutions that introduce technology into the profession.

Additionally, Dr. Abu-Ghazaleh underscored the need for introducing technology in university accounting education which should also keep abreast of developments in the business world calling on universities to include the International Financial Reporting Standards (IFRS) into their curriculum and rely on professional accounting and auditing courses similar to the ones developed by IASCA.

Furthermore, Dr. Abu-Ghazaleh announced the launch of a set of e-services that comes in line with the Society’s vision to transform into a professional society that adapts to technological advancement in this field. Accordingly, IASCA will digitally offer its training courses, in addition to replacing its traditional paper exams with an electronic examination system early next year. 

At the end of the meeting, it was announced that IASCA will hold the next international conference in Egypt in cooperation with Delta University under the theme “Digital Accounting Education” to discuss the transformation of accounting education into the digital phase which will dominate education all over the world in the coming period.