Organized by IASCA
AMMAN – The International Arab Society of
Certified Accountants (IASCA), a member of Talal Abu-Ghazaleh Foundation
(TAG-Foundation), has organized professional meetings for the International
Federation of Accountants’ (IFAC) President, Mr. Jean Bouquot, to the Jordan
Audit Bureau and the Jordanian Association of Certified Public Accountants
(JACPA). These were held as part of three-day official visit of Mr.
Bouquot to Jordan and the Arab region, organized by IASCA.
During his visit to the Audit Bureau, a
lecture was delivered by Mr. Bouquot as part of the Bureau’s efforts to enhance
the technical capacities of its audit professionals and to share expertise and
knowledge in accordance with the best international practices. The lecture
titled ‘The Importance of Implementing Accrual-based International Public
Sector Accounting Standards (IPSAS)’, was attended by high-level representatives
from government oversight bodies, academic institutions, and a group of
auditors from the Bureau. An official delegation from Palestine also
attended the meeting as part of their visit to the Hashemite Kingdom of Jordan.
During the meeting, the Audit Bureau
President, Dr. Radhi Al Hamadeen, welcomed Mr. Bouquot, whose visit comes in
line with the Bureau’s celebrations of its 73rd Anniversary. Afterwards, he
gave an overview of the Bureau’s significant role in safeguarding public funds
and applying the international auditing standards. He further stressed the need
to embrace technology in modernizing oversight tools and methods in accordance
with the global best practices.
For his part, Mr. Bouquot underscored the
importance of adhering to International Standards, especially the Accrual-based
IPSAS, highlighting their crucial role in fostering transparency and
accountability.
He went on to emphasize that adopting
these Standards plays an essential role in improving planning and
decision-making, as well as significantly improving the management of public
resources, stating that such practices would effectively promote credibility
and to strengthen countries’ standing in the realm of transparency and good
governance.
During the visit to the Jordanian Association
of Certified Public Accountants (JACPA) the Association’s efforts in advancing
the profession in Jordan and keeping pace with the international best practices
and standards were highlighted. That is in addition to the importance of
integration between national professional bodies and leading international
institutions in the sector.