IASCA and Al-Zaytoonah University Hold Academic and Professional Meeting

In the presence of IFAC President

AMMAN – The Faculty of Business at Al-Zaytoonah University of Jordan, in collaboration with the International Arab Society of Certified Accountants (IASCA), a member of the Talal Abu-Ghazaleh Foundation (TAG-Foundation), has hosted Mr. Jean Bouquot, president of the International Federation of Accountants (IFAC) in an academic and professional meeting. This took place as part of IFAC President’s first official visit to Jordan and the Arab region, that was organized by IASCA for three days.

On behalf of HE Dr. Talal Abu-Ghazaleh, IASCA chairman, Mr. Salem Al-Ouri, IASCA executive director, alongside the Dean of the Faculty of Business at the University of Al-Zaytoonah, Prof. Abdul Razzak Shehadeh, as well as deans of various faculties, academic members and administrative staff, heads of accounting departments from several Jordanian universities, financial specialists, undergraduate and graduate students from the faculty had all attended the meeting.

The participants discussed the latest global trends in the field of accounting, as well as means of developing international education standards. This is in addition to mechanisms of promoting their application in the Jordanian universities to keep pace with global changes in this field.

For his part, Mr. Bouquot emphasized the importance of enhancing the skills of new accountants in areas such as data analysis and Fintech or financial technology, pointing out that IFAC is committed to supporting and developing educational programs worldwide to ensure that they align with labor market requirements, especially in light of the rapid technological changes affecting the profession.

Mr. Jamal Milhem, a member of the Board of Directors of IASCA and the Palestinian Association of Certified Public Accountants, has reviewed key challenges the accounting profession faces in the region, emphasizing the need for close cooperation between academic institutions and professional bodies to keep up with the rapid developments in the global business environment.

For her part, Dr. Maha Ayoush, from the Department of Accounting at Al-Zaytoonah University gave an overview of the meeting's key points. Additionally, Dr. Osama Sha’ban from the University of Al-Zaytoonah, Dr. Hussam Wahhab, dean of the Faculty of Business at Bethlehem University, and Dr. Zeyad Munawer from Birzeit University had highlighted the development of accounting education in accordance with international standards, stressing the importance of updating academic curricula to align with global digital and economic transformations.

In a virtual participation via the Zoom app., Ms. Michelle Cardwell, IFAC director of accounting education, reviewed the role of Artificial Intelligence (AI) in the future of accounting, as well as in improving efficiency and reducing errors in financial accounting and operations.