Abu-Ghazaleh Chairs the 27th Meeting of ASCA (Jordan) General Assembly

Abu-Ghazaleh Chairs the 27^th Meeting of ASCA (Jordan) General Assembly

AMMAN − The Arab Society of Certified Accountants (Jordan) held its 27^th annual meeting, under the chairmanship of HE Dr. Talal Abu-Ghazaleh, Chairman of the Society, at Talal Abu-Ghazaleh Knowledge Forum.

The meeting discussed the achievements, future plans and training programs offered by ASCA (Jordan).

Dr. Abu-Ghazaleh emphasized that TAG-Org is constantly striving through ASCA (Jordan), to develop the accounting and management sciences, praising the high standards achieved by the Society and the efforts made by its management and staff.

He also praised the role and performance of ASCA (Jordan), in facilitating, developing and financing the translation of all International Financial Reporting Standards, International Standards on Auditing, International Public Sector Accounting Standards as well as other translations of IFAC publications.

Mr. Salem Al Ouri, Executive Director of ASCA (Jordan) provided a brief presentation on the Society’s achievements and future plans, noting the significant development witnessed in the training programs, which covered all accounting areas with the participation of trainees from all institutions, entities and companies throughout all regions.

He also indicated the new consulting services rendered by the Society, where it performs a leading consulting role in activating government and business financial systems in accordance with the international standards. This service is provided through:

• Designing and preparing financial systems for both public and private sectors.
• Applying and adopting the international accounting standards for both public and private sectors.
• Preparing professional curricula for professional certifications in the field of accounting and auditing for both public and private sectors.
• Preparing an audit manual for both public and private sectors.
• Identifying the training needs according to the highest standards.

In addition, Mr. Al Ouri tackled the most prominent projects being implemented by the Society, including the development of audit methodologies for the Jordanian Audit Bureau recently won by the Society. Such project aims to implement the Bureau’s plan to develop and promote the professional competence in certain specialized audit fields, such as financial auditing of government-owned companies and auditing of major projects for public and private partnerships. The project also aims to improve the quality of audit opinion (control outputs), management letters as part of the financial audit and structured audit methodology for major projects of public and private partnerships.

It is worthy to mention that the Society always seeks to develop the accounting and management sciences as well as associated and consequential principles applied to all or some professional services. It also seeks to develop the competence, practice and behavior at the highest professional standards by focusing on accounting publications and following up the latest developments in the accounting and auditing profession.