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Abu-Ghazaleh: We will launch new training programs, with special focuses on linking accounting with IT
06-Jul-2022
At IASCA Annual Meeting
AMMAN - The International Arab Society of Certified Accountants (IASCA) held its annual meeting for members of the Board of Directors and General Assembly, chaired by HE Dr. Talal Abu-Ghazaleh, founder and chairman of IASCA, in Amman with the attendance of a group of IASCA’s professional members from various Arab countries.
During the meeting, the 2021 annual report of IASCA’s activities was reviewed in addition to the financial statement and the budget, while other important issues were discussed, the most crucial of which is the training programs that keep pace with the digital development and transformation.
The programs aim at assisting accountants and auditors in performing their tasks with less time and effort compared to the current circumstances, such as the “Budgets” training program; which seeks to help entrepreneurs evaluate their businesses by comparing budgets to actual results.
During the meeting, Dr. Abu-Ghazaleh highlighted the need of exerting extensive and continuous efforts to encourage Arab countries to adopt the International Public Sector Accounting Standards (IPSAS) and convert from cash basis to accrual basis accounting. He pointed out that IASCA would shortly develop a detailed guidance plan on how to convert the cash basis to the accrual basis accounting, to help all the countries that seek to adopt the accrual basis for budgeting.
Dr. Abu-Ghazaleh, further, indicated that one of the most important issues that should be highlighted in the coming stage is the control of illegal funds and the anti-money laundering mechanisms. Therefore, a team from IASCA will prepare a draft about the control of illegal funds in accordance with internationally adopted standards to be at the disposal of Arab governments and competent departments.
One of the important topics discussed by the participants was the relation between IASCA and the International Federation of Accountants (IFAC) , as well as the contributions that IASCA made to encourage and assist the national associations in the Arab countries to join the Federation.
It is worth mentioning that the International Arab Society of Certified Accountants (IASCA) was established as a non-profit, professional, accounting body in 1984, in the city of London, UK, IASCA and was officially registered in Amman in 1994. IASCA aims at advancing accounting, auditing and other related disciplines at the international level, in addition to preserving professional independence and assuring the protection of accountants and applying the standards of professional supervision as a means to advance the professions of accounting and auditing.