The International Arab Society of Certified Accountants (Jordan) Issues the Translated Arabic Version of IPSAS 2013

AMMAN --- April 23, 2014 ---- As a part of its professional responsibility and its attempt to keep pace with the updates and developments in the fields of accounting and auditing, the International Arab Society of Certified Accountants (IASCA/ Jordan), chaired by HE Dr. Talal Abu-Ghazaleh, has issued the latest Arabic version of the International Public Sector Accounting Standards after being amended by the International Public Sector Accounting Standards Board (IPSASB).

The 2013 edition includes Chapters 1-4 of the Conceptual Framework for General Purpose Financial Reporting by Public Sector Entities, which were issued in January 2013. While, the 2013 handbook includes an updated list of the International Public Sector Accounting Standards (IPSASs) that are applicable to annual financial statements covering periods beginning on or after January 1, 2013, and a list of those IPSASs that are applicable to annual financial statements covering periods beginning on or after January 1, 2014.

The standards and pronouncements in each of the handbooks were developed by the IPSASB, respectively. The structures and processes that support the operations of these independent standard-setting boards, including publishing the handbooks, are facilitated by the International Federation of Accountants (IFAC).

It is worth mentioning that ASCA-Jordan continuously seeks to develop accounting and management sciences, as well as all related principles applicable to professional services. ASCA-Jordan also strives to improve competence and practice and strengthen the code of ethics in accordance with the highest professional standards through the issuance of accounting publications and following up on the recent developments in accounting and auditing.