News
IASCA Offers Comprehensive Certified Auditor Training for Libyan Audit Bureau
26-Aug-2024
AMMAN - The International Arab Society of Certified Accountants (IASCA) organized a comprehensive training program on “Certified Financial Auditing” for a group of employees from the Libyan Audit Bureau.
This training course serves as a continuation of the project completed with the Bureau to design, develop, and draft syllabi for professional certifications. It is aligned with international standards and the guidelines issued by the International Organization of Supreme Audit Institutions (INTOSAI).
This project aims to establish an efficient and effective control entity by cultivating academically and professionally qualified human resources. It focuses on developing the necessary cognitive capabilities for understanding the theoretical and conceptual aspects of IFRS, as well as building the ability to professionally apply international standards in practical accounting. Additionally, the project supports continuous professional development (CPD) related to the standards and ensures ongoing follow-up on their amendments and updates.
In 2019, IASCA, in collaboration with the Bureau, launched a program for professional certifications specifically tailored to align with INTOSAI standards. Three certificates were introduced as follows:
Certified Auditor in Financial Auditing (CAFA).
Certified Auditor in Performance Auditing (CAPA).
Certified Auditor in Compliance Auditing (CACA).
In addition to:
Preparation and development of training materials for professional certifications tailored for the Bureau in Arabic, covering the three types of auditing: Financial, compliance, and performance auditing.
Developing a comprehensive examination system with multiple-choice and essay questions aligned to the Bureau's certification syllabi and references.
Hosting and administering the examinations through IASCA’s digital platform, which was specifically designed to conduct separate exams for each certificate.
Implementing a comprehensive qualification and training process for participants nominated by the Bureau to pass the exams for the three certificates. Approximately 200 participants from the Bureau have undergone training courses for these certifications.
Training of Trainers (ToT) - this stage focuses on developing certified trainers from IASCA and the Bureau. Participants will undergo rigorous training, culminating in an exam requiring a specialized paper on the trainer's role in modern organizations and skill acquisition and application.
Preparation of the Trainee’s Guide, an academic resource developed with a systematic and instructional approach by specialized trainers. This Guide is designed to meet the Bureau's objectives, whether for awareness or educational purposes, and to provide specific experiences that enhance the trainee’s learning experience.
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.