ASCA Jordan Issues 2009 IPSAS Translated Arabic Edition 2009

The Arab Society of Certified Accountants (ASCA-Jordan) issues in two parts the latest Arabic translated edition of the International Public Sector Accounting Standards (IPSAS) 2009 for the second consecutive year


AMMAN --- July 19, 2009 --- The Arab Society of Certified Accountants (ASCA-Jordan) issued today in two parts the latest Arabic translated edition of the International Public Sector Accounting Standards (IPSAS) 2009 for the second consecutive year.

The IPSAS Board made several amendments to the 2009 edition including the addition of new definitions, and the revision of the "firm", "network" and "network firm" definitions which are effective for assurance reports dated on or after December 31, 2008. These definitions were added to the Code of Ethics for Professional Accountants. Accordingly, the paragraphs following the new ones were numbered as 290, 14-290, 26.

In addition, the International Ethics Standards Board for Accountants "IESBA" issued two proposed exposure drafts for the revised existing section 290 "Independence- Assurance and Revision Engagements" and proposed revised section 291 "Independence- Other Assurance Engagements".

ASCA -Jordan continuously seeks to develop both accounting and management sciences as well as all related principles applicable to all or some professional services. ASCA -Jordan also seeks to upgrade the competence, practice and code of ethics according to the highest professional levels through the issuance of accounting publications and following-up on the recent developments in accounting and auditing.

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