News
Abu-Ghazaleh: Translation is Part of IASCA’s Role and Responsibility in Raising Awareness of Latest Updates in Accounting
26-Oct-2021
IFAC Praises the Role of IASCA in Translating the ISQM
AMMAN - The International Federation of Accountants (IFAC) commended the role played by the International Arab Society of Certified Accountants (IASCA) in providing free translation of a series of educational webinars into Arabic.
In a special letter, the IFAC expressed its appreciation for the role played by IASCA in translating the webinars related to the International Standards on Quality Management (ISQM). The webinars will be presented in the form of online awareness lectures in all languages of the world.
Moreover, IASCA translated and developed four presentations that include easy-to-apply explanations, simple examples, and questions at the end of each training module, as follows:
o The first webinar: All You Need to Know about the Firm’s Risk Assessment Process
o The Second webinar: Resources: Expectations for Firms and Engagement Partners
o The Third webinar: What’s New for Firms’ Monitoring and Remediation Processes
o The Fourth webinar: Exploring all the Components of a Quality Management System
HE Dr. Talal Abu-Ghazaleh, founder and chairman of IASCA, noted that this translation is only a part of IASCA’s role in raising awareness about all the new and useful updates in the world of accounting. Dr. Abu- Ghazaleh added that these webinars would have a significant effect on enabling entities and individuals of applying the ISQMs and in integrating the various components of quality management into a comprehensive program.
Moreover, Dr. Abu-Ghazaleh pointed that the adoption of these standards will change the method of quality control currently used, and this will enhance the quality management and its dynamics, with the application of the proactive along with the risk-based method. These new standards will positively impact the policies, procedures, roles, and responsibilities.
The IFAC believes that the efforts exerted by IASCA, as well as, the time spent and the resources needed to provide a free translation of these standards and the relevant developments will award IASCA with the needed credibility and experience to turn it into a strategic partner in the Middle East, as a specialized expert in the translated materials.