News
Abu-Ghazaleh Affirms IASCA’s Readiness to Provide Services to Libya’s Ministry of Finance
12-Jul-2021
AMMAN - The International Arab Society of Certified Accountants (IASCA), chaired by HE Dr. Talal Abu-Ghazaleh, signed a Memorandum of Understanding (MoU) with Libya’s Institute of Financial Training and Accounting at the Ministry of Finance, chaired by Dr. Khalid Kajiji, chair of the Board of Directors. The MoU was signed for cooperation in providing IASCA’s training, professional and advisory services.
The MoU aims also at supporting the Institute in implementing its plans and projects in view of developing and enhancing the professional competencies at various departments of the Ministry, as well as official institutions.
Dr. Abu-Ghazaleh expressed his pride in the confidence of the Libyan Institute of Financial Training and Accounting, and highlighted the prominent role it plays and the community services it renders, in addition to its efforts in the pursuit of enhancing the capabilities and competencies of its staff.
Dr. Abu-Ghazaleh also emphasized that this agreement represents a continuation of the work that aims at enhancing the experiences of those working in the profession through the mutual work of both the public and private sectors.
The MoU includes cooperation in designing and developing training methods, selection of trainers, enhancing the professional competencies of the staff working in accounting and auditing and other related fields, in addition to offering professional certificates, holding specialized training courses according to the needs of the Institute, and adopting and implementing the International Public Sector Accounting Standards (IPSAS).
It is worth mentioning that these projects and activities will be implemented according to strategic action plans prepared by the Institute, meanwhile, the Key Performance Indicators (KPIs) in addition to the outcomes and results will be revised based on the plans.
The International Arab Society of Certified Accountants
The International Arab Society of Certified Accountants (IASCA) was established as a nonprofit professional accounting organization in London-UK in 1984. IASCA was officially registered in Amman in 1994. It aims at advancing accounting and auditing sciences and the relevant disciplines on the international level, in addition to maintaining the professional independence of accountants and ensuring their protection along with the application of the professional supervision standards as a means to enhance the auditing and accounting professions.
The Libyan Institute of Financial Training and Accounting
The Libyan Institute of Financial Training and Accounting is one of the Departments of Libya’s Ministry of Finance. It was established under Law No. 93 for 1981 to provide training services to all official departments in Libya.