News
Abu-Ghazaleh: IASCA Participates in the Annual IFAC World Congress
12-Jan-2023
MUMBAI - The International Arab Society of Certified Accountants (IASCA) participated in the International Federation of Accountants - IFAC’s Annual World Congress, held in India for the first time on November 18 – 21, 2022.
Representatives from various international organizations concerned with the development of the accountancy profession attended the hybrid meetings, in addition to about ten thousand delegates from 120 countries, demonstrating the highest attendance rate in the history of IFAC’s meetings.
IASCA was represented by its Board Member, Mr. Jamal Milhem, who is a member of the IFAC and has voting rights on all the decisions, including the selection of the IFAC’s chairperson and board members.
During the 4-day Congress, 40 sessions covered various contemporary issues such as the emphasis on building trust, enabling sustainability, the important role the accountancy profession plays as a protector of the public interest.
Furthermore, the participants discussed several key topics including the accountancy profession and its contributions to building nations, technology, innovation, entrepreneurship, enhancement of innovation in the international professional landscape, taxes in the new international era, improvement of the small and medium sized enterprises reporting, and understanding capital to create wealth.
IASCA Chairman, HE Dr. Talal Abu-Ghazaleh, stated that IASCA’s participation in the Congress highlighted the Arabs' contribution to formulating the general policies for the key global organization that regulates the work of accountants and auditors, adding that the participation is a great opportunity for sharing experiences among the IFAC members.
It is worth noting that the International Federation of Accountants (IFAC) is the worldwide organization for the accountancy and auditing profession that supports the development of international economies. The organization is comprised of 175 members and associate organizations in 130 countries and jurisdictions, representing more than 3 million professional accountants in business, the public sector, industry, and trade.