News
IASCA Takes Part in IFAC's Annual Congress
04-Jan-2024
VIENNA - The International Arab Society of Certified Accountants (IASCA) took part in the IFAC’s Annual Congress in Vienna. The Congress, which took place on November 15-16, 2023, was attended by Ms. Asmaa Resmouki, the president of the IFAC. Both online and in-person events were featured during the congress.
IASCA's Board Member, Mr. Jamal Milhem, represented IASCA at the IFAC as a voting member, with the authority to participate in all decisions, including the election of the IFAC's President and Board members.
HE Dr. Talal Abu-Ghazaleh, IASCA chairman, highlighted IASCA's presence in the Congress, stating that it was an occasion to showcase the Arab region’s role in developing the policies of the Federation that oversees the activities of accountants and auditors worldwide. Furthermore, he mentioned that this participation presents a valuable opportunity for members of the IFAC to share their expertise.
Throughout the congress, delegates from various global institutions who focused on advancing the accounting profession participated in numerous interactive sessions These sessions delved into the responsibilities of up-and-coming accountants in areas such as sustainability, technological advancements, climate change, national economic growth, environmental and social sustainability, and technological innovation. Discussions also revolved around the global challenges and opportunities facing accountants in the financial sector, as well as the pivotal role accountants play in averting a climate change crisis and economic downturn.
The two-day gathering comprised numerous sessions addressing various topics, with a particular focus on fostering trust and promoting sustainability. Discussions also addressed the accounting profession's role in bolstering trust within communities and businesses, as well as in building sustainable and resilient economies. Additionally, the utilization of artificial intelligence within profession was also examined, with a specific emphasis on how it can augment productivity, all while acknowledging its significant role. Overall, the accounting profession was underscored as a guardian and protector of public interest and a facilitator of long-term economic sustainability.
It is worth noting that the International Federation of Accountants (IFAC) is the global organization in the accounting profession, established in 1977 to enhance the global accounting and auditing profession by promoting the adoption of best practices. The IFAC comprises of 185 members and organizations from over 135 countries, collectively representing over 5.2 million accountants.
The International Arab Society of Certified Accountants (IASCA) was established as a non-profit professional accounting organization on January 12, 1984, in London - UK, and was officially registered in Amman in 1994. IASCA aims to improve the science of accounting, auditing, and other related subjects at the international level, as well as to maintain the professional independence of accountants, ensure their protection, and apply professional supervision standards as a means of upgrading the accountancy and auditing professions.