News
Abu-Ghazaleh: Annual IFAC Meeting is an Opportunity to Discuss the Future of Accounting and Strengthen Partnerships Worldwide
04-Dec-2024
PARIS - The Arab Society of Certified Accountants (IASCA) participated in the annual meeting of the International Federation of Accountants (IFAC) held in Paris, November 6-7, 2024.
The meeting, which was held in person and remotely, was attended by representatives of international professional bodies interested in developing the accounting profession worldwide, while IASCA was represented by its Board Member, Mr. Jamal Milhem.
The Society’s participation comes in its capacity as a member of the International Federation of Accountants, as it has the right to vote on all the Federation’s decisions, in addition to voting on the election of the President and Board members.
The meeting included 40 discussion sessions that covered various contemporary topics, focusing on building trust, enabling sustainability, and the role of the accounting profession in supporting the confidence of societies and companies and building sustainable and resilient economies, taking into account the key role played by the accounting profession as a protector of the public interest and enabling the sustainability of future economies.
In addition, sustainability and artificial intelligence topics were also discussed, along with their impact on the accounting profession, to achieve a balance to leverage both aspects to ensure meaningful global economic development.
A review was also conducted on the role of the accounting profession in various developments of the era to build a knowledge society, especially technology, innovation, and entrepreneurship, improving the economic startup system, improving innovation across the global professional landscape, taxes in the new global era, improving SME reporting, and understanding capital to create wealth.
During the meeting, IASCA Chairman, HE Dr. Talal Abu-Ghazaleh, stated that the meeting represents an opportunity to highlight the Arab role in formulating general policies for the largest regulatory body for the work of accountants and auditors in the world, whereas participation is an important opportunity to exchange experiences among members of the Federation.
It is noteworthy that the International Federation of Accountants is the global organization for the auditing and accounting profession worldwide, for the development and advancement of international economies. The Federation includes more than 175 members and partners across more than 130 countries and states, representing approximately three million accountants working in public services, education, government services, industry and trade.