News
Abu-Ghazaleh: International Public Sector Accounting Standards (IPSAS) to be Applied in Jordan and a Regional IPSAS Training to be Established Soon
19-May-2015
Amman --- April 29, 2015 --- The General Assembly of the International Arab Society of Certified Accountants (IASCA) (Jordan) – held its 26th meeting at Talal Abu-Ghazaleh University (TAGI-UNI).
In his opening remarks, HE Dr. Talal Abu-Ghazaleh, Chairman of Board of IASCA, praised the role and performance of IASCA during 2014, professionality of IASCA and its continuous efforts to facilitate, develop, finance and publish Arabic translation. In addition, he praised the advanced level of training courses held by IASCA which witnessed quality improvement covering all fields of accounting through the participation of trainees from all institutions, agencies and firms from all regions.
Mr. Salem Al-Ouri, Executive Director of IASCA, presented the contents of the annual report which involved the achievements of IASCA and its future plan for work and expansion, especially after adopting IPSAS by Jordan represented in the Ministry of Finance.
HE Dr. Talal Abu-Ghazaleh pointed out that compliance with IPSAS is deemed international professional requirement for which all governments of the world seek to adopt due to its significant role in improving quality and transparency of financial reporting for public sector, promoting confidence in closing financial statements, contribution to provision of financial data and information appropriate for taking proper decisions, and realizing the optimum use of governmental assets. As well, he expressed his pleasure in respect of the resolution of the Government of Jordan to adopt IPSAS. Meanwhile, he announced the intention of IASCA to establish a regional center for the purpose of training on IPSAS and helping the Arab countries to apply them.
IASCA always seeks to develop the sciences of accounting, management and relevant principles applying to all or some professional services. IASCA also seeks to improve the level of efficiency, practice and behavior to the highest professional levels through considering accounting publications and following-up all new developments in both accounting and auditing professions.