News
The Representative of the International Arab Society of Certified Accountants (IASCA) in Palestine Visits the International Federation of Accountants (IFAC)
01-Jun-2015
New York --- May 11, 2015 --- Mr. Jamal Melhem, member of Board and representative of IASCA in Palestine, visited IFAC in its head office in the United States, New York State. He met the officials of IFAC and discussed the professional status in Palestine and the role IASCA in the development of accounting career in Palestine and the Arab region.
The tasks carried out by IASCA, represented in the Chairman of Board of IASCA, Dr. Talal Abu-Ghazaleh, was reviewed with the concerned parties in the Arab world for the application of the International Financial Reporting Standards (IFRSs), as well as the application of the International Accounting Standards (IASs) in the sector through the direct communication with decision makers in the Arab region and regional and international activities carried out by IASCA in order to introduce these standards and the significance of applying them.
In addition to the role of IASCA in translating and publishing the professional publications issued by IFAC into Arabic, preparing the training materials and the importance of these publications, as well as providing them to the people interested were reviewed. Furthermore, this aims at providing non-English speaking professional with assistance to easily understand the content of these materials, in addition to generalizing and publishing them in order to promote the career of auditing and accounting, facilitate application and use thereof, maintaining professional independence of accountants and auditors and ensure their security and safety.
The meeting also reviewed the efforts made by IASCA to conduct training courses and awareness workshops in cooperation with TAG-Org in Palestine and the Arab region on accounting career and its role in the development of countries’ economies. The meeting also discussed continuity of cooperation in translating the training materials of IFRSs, as well as the possibility to conduct mutual events or conferences in the Arab region to realize the mutual goals of IASCA and IFAC.
Mr. Jamal Melhem discussed the action plan of the Palestinian Association of Certified Public Accountants (PACPA) which presents the extent of compliance of PACPA with the Statements of Membership Obligations (SMO’s) after being “Associate Member” in IFAC in November 2013 at the general assembly meeting of IFAC held in Seoul – South Korea, aiming at obtaining the full membership of IFAC.
IFAC is a global organization dedicated for serving and developing auditing and accounting profession worldwide. IFAC is comprised of over 177 members and associates in 130 countries worldwide.
IASCA was established on January 12, 1984 as a non-profit professional accounting association in London, UK. It was formally registered in Amman on February 24, 1994. IASCA is dedicated to the promotion of accounting, auditing and other globally related topics, as well as maintenance of professional independence of accountants, assurance of protection of them and application of professional supervision as means of promotion of accounting and auditing professions.