News
ASCA (Jordan) Organizes ‘IACPA Training Course’ for Staff of Libya’s Audit Bureau
24-Feb-2022
AMMAN -The Arab Society of Certified Accountants (ASCA Jordan) organized an extensive contractual training course for a group of employees of the Libyan Audit Bureau to qualify them for the IACPA.
During the course, IACPA curriculum was explained, which was developed in line with the international qualification curriculum in accounting and auditing to fulfill the requirements of the labor market in conformity with the International Accounting Standards (IAS) and the International Financial Reporting Standards (IFRS).
The training course covered the following topics:
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Economics and Finance (Introduction to Economics, Product Behavior and Market Structures, Macroeconomics...etc.)
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Accounting (Presentation of Financial Statements, Income Items, Statements of Cash Flows, Leases, Equity Rights...etc.)
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Auditing (Risk Assessment and Response, Design and Implementation of Audit Programs, Evaluation of Evidence, Provision of Review Services...etc.)
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Legislations (Taxes, Business and Commercial Law, Corporate Governance...etc.)
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After the completion of the training course, the qualifying exams were held for the staff of the Libyan Audit Bureau. The results will be announced via IASCA's website: http://iascasociety.org
The Libyan Audit Bureau is an independent professional entity and the supreme audit institution in Libya that is directly affiliated to the Legislative Authority. It is an unbiased independent professional body, with an independent legal personality and financial status. The Bureau aims primarily to achieve effective control over public funds and to verify their proper use and how to allocate them, by examining and reviewing accounts and evaluating the performance of all entities subject to its control.
It is worth noting that ASCA always seeks to develop accounting and management, as well as the relevant disciplines and principles that apply to all or some professional services. ASCA also seeks to develop the level of competence, practice, and behavior to attain the highest professional levels through its interest in accounting publications, and by following all the new and modern trends in accounting and auditing.