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Abu-Ghazaleh Emphasizes IASCA’s Ongoing Support for the Accountancy Profession in the Arab Region
07-May-2023
In his Speech at the 11th International Professional Conference for Accounting and Auditing
CAIRO - The International Arab Society of Certified Accountants (IASCA) participated in the 11th International Professional Conference organized by the Arab Federation of Accountants and Auditors (AFAA) under the title “Digital Economy and Sustainable Development: Opportunities and Challenges”.
During the conference, Mr. Jamal Milhem, IASCA’s board member, participated and delivered a speech on behalf of HE Dr. Talal Abu-Ghazaleh, IASCA chairman.
Dr. Abu-Ghazaleh underlined the role IASCA plays in supporting the accounting and auditing professions in the Arab region since its establishment in 1984. That is in addition to its role in building the capabilities of the national associations and federations and enabling them of implementing international standards and complying with the best practices of the International Federation of Accountants (IFAC).
Dr. Abu-Ghazaleh called on the IFAC to take joint actions to overcome the global climate challenges, pointing out that the accountancy profession should play a role in overcoming the challenges to sustainability.
It is worth mentioning that the conference was held under the auspices of the Prime Minister of the Arab Republic of Egypt, HE Dr. Mostafa Madbouly, with the participation of Ms. Asmâa Resmouki, president of the International Federation of Accountants (IFAC), and a group of executives and representatives of associations, bodies, and unions from the Arab countries, in addition to 300 participants of the Arab leaders in business, economy, and management fields. Moreover, the Pan-African Federation of Accountants (PAFA) and the IFAC, the global voice of the accountancy profession, have also participated in the conference.
For his part, Mr. Milhem gave a brief on a paper about global sustainability, after the International Sustainability Standards Board (ISSB) announced in February 2023 the final decision about the entire technical content of its primary standards, guided by the feedback received during the extensive consultation period last year.
It is worth noting that the conference aims at enhancing, developing, and sharing knowledge and skills in addition to reinforcing the professional relations between the international and regional organizations and the Arab accountants and auditors to contribute to meeting the requirements of sustainable development to motivate investment in the Arab region, especially in light of the challenges imposed on the accounting and auditing professions due to the global crisis.