15-Oct-2017
Abu-Ghazaleh: IASCA's selection to Join IFAC’s Auditing Profession Development Committee reflects our Commitment to Strengthen Arab Presence
NEW YORK-The International Federation of Accountants (IFAC) has selected the International Arab Society of Certified Accountants (IASCA), represented by its Chairman of the Board HE Dr. Talal Abu-Ghazaleh, to join the 12- member Committee of the Institutional Development of the World's Chartered Accounting Agencies, a permanent committee of the Federation from 2018 to 2020.
Each member of the committee represents a different world region and aims to upgrade the regulatory standards of the auditing profession on a global level.
IASCA was selected to join the 12- member committee following the end of tenure of four members. The committee also includes one member that represents all the regions of the world.
It is important to note that Dr. Abu-Ghazaleh held the first Arab position on IFAC's Board of Directors in 1990.
“The election of IASCA in the committee reflects our ambition and commitment. Through the committee, we seek to strengthen the Arab presence at IFAC and help the Arab region to benefit from the international experience and keep pace with the guidance of the profession, in addition to ensuring the effective contribution of Arab countries to the global development of the profession," Dr. Abu-Ghazaleh said.
Mr. Jamal Melhem, member of IASCA Board of Directors and Executive Director of Talal Abu-Ghazaleh Organization (TAG-Org) in Palestine, will represent IASCA in the committee.
According to the directives of IASCA's Chairman Board of Directors, it provides help and technical support for all professional associations in the Arab countries which seek to enhance their capability to comply with requirements of IFAC.
The International Arab Society of Certified Accountants (IASCA) was established on January 12, 1984 as a non-profit professional accounting association in London, UK. It was formally registered in Amman on February 24, 1994, aiming at upgrading the profession of accounting, auditing and other relevant disciplines in the member states of the Arab League. IASCA also aims at maintaining the professional independence of Arab accountants and ensuring their protection, as well as the enforcement of professional supervisory standards.
IFAC is a New York-based global organization for the accountancy profession dedicated to serving public interest by strengthening the profession and contributing to the development of strong international economies. IFAC is comprised of over 175 members and associates in more than 130 countries, representing almost 3 million chartered accountants in the world.