Abu-Ghazaleh Chairs the 28th Board of Directors Meeting of ASCA (Jordan)



AMMAN – The Arab Society of Certified Accountants (Jordan) / a member of  the Talal Abu-Ghazaleh Foundation, held its 28th meeting chaired by HE Dr. Talal Abu-Ghazaleh, Chairman of ASCA Board of Directors, at Talal Abu-Ghazaleh Knowledge Forum (TAGKF).

During the meeting, Dr. Abu-Ghazaleh welcomed members of the ASCA (Jordan)  Board of Directors, particularly its founders and main supporters for 33 years, and praised their efforts in the development of the Society’s work and activities. The Society has been the only educational, qualifying and training institution in the region that operates in the field of accounting since 1984.

Dr. Abu-Ghazaleh affirmed, “We always seek to develop accounting and management sciences through the Society.
He also expressed his admiration for the Society’s role and performance in facilitating, developing and funding the translation of all IFRs, ISAs and IPSASs and other translations on the International Federation of Accountants (IFAC).

During the meeting, Mr. Salim Al-Ouri, ASCA/Jordan Executive Director, presented the Society’s administrative report for the year ending  December 31, 2016 as well as the future plans. The report contained information on the increase in the number of members and the privileges of each member, as well as the most important translated, printed and published professional publications including the monthly professional magazine, 2015 Handbook of International Quality Control, Auditing, Review, Other Assurance, and Related Services Pronouncements, 2015 Handbook of International Public Sector Accounting Pronouncements, 2015 Code of Ethics, Abu-Ghazaleh Accounting and Business Dictionary - Second Revised Edition and 2016 Handbook of International Education Pronouncements.

According to the report, projects based on the following tenders were implemented:-
(1) the design and development of training courses and the selection and training of trainers for the Jordanian Audit Bureau, funded by the international bank
(2) the development of audit methodologies in specialized auditing fields for the Jordanian Audit Bureau, funded by the international bank
(3) the course on audit guides for government-owned enterprises and public-private partnerships for the Jordanian Audit Bureau, funded by the international bank
(4) the course on ISAs in the public and private sectors for the Jordanian Audit Bureau, funded by the international bank, and;
(5) Home Pillars Trading Co.

Regarding qualification and training, the report stated, “31 training and professional courses were held at the Kingdom level and benefited 328 trainers and trainees. Several cooperation and follow-up agreements were signed with different bodies.”

The meeting also included the approval of the administrative report, the final financial statements, the estimated budget and the election of an auditor for the Society.