News
IASCA Conducts Evaluation Exam for Libya Audit Bureau Staff
05-Aug-2024
AMMAN – The International Arab Society of Certified Accountants (IASCA) has recently conducted an evaluation exam focused on financial and compliance auditing for the employees of the Libyan Audit Bureau. The exam aimed to assess the staff’s knowledge following their participation in relevant training programs.
It is worth noting that in 2021, IASCA signed an agreement with the Libyan Audit Bureau to establish and develop professional certifications in IT auditing and CISA (Certified Information Systems Auditor) requirements in Arabic. This initiative aligns with the Bureau’s requirements and international training practices.
The project was implemented in the following phases:-
The project was implemented in the following phases:-
- 1-The first phase: The development and preparation of training materials. This included topics such as: 1. IT auditing, 2. IT governance and management, 3. IT acquisition, development, and implementation, 4. IT operations and operational flexibility, and 5. the protection of IT assets.
- 2-The second phase: Training and qualification on the aforementioned topics.
- 3-The third phase: Preparation and implementation of a professional exams database, which will be used for the Bureau’s certification processes.
- 4-Fourth phase: Hosting and administering the exams through a computerized exam system.
- 5-The fifth phase: The project also involved establishing and developing specialized professional educational materials (syllabi) relevant to the Bureau, covering the following areas: 1. IT auditing, 2. IT governance and management, 3. IT acquisition, development, and implementation, 4. IT operations and operational flexibility, and 5. the protection of IT assets.
- 6-Sixth phase: Training of Trainers (TOT).
- 7-Seventh phase: Preparation of the trainee’s guide.
Libya Audit Bureau is the highest supervisory authority in financial and accounting control in Libya. 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.