• Register
Return to: Home > News > Professional Bodies > News Brief: push for accrual accounting in the Middle East

News Brief: push for accrual accounting in the Middle East

The International Arab Society of Certified Accountants (IASCA) said it was committed to support and promote adoption of the International Public Sector Accounting Standards (IPSAS) in the Middle East as well as helping Arab accounting institutes to obtain IFAC membership.

During its annual general assembly held in Beirut (Lebanon) earlier this month, IASCA proposed to issue a professional certificate in the Arabic language on IPSAS and to amend its professional curriculum in accordance with the standards.

IASCA also decided to organise a meeting in Jordan with IFAC and the Ministries of Finance in the Arab world, in order to encourage governments to adopt IPSAS and show the Jordanian success story. 

IASCA is in the process of establishing training centres in Arab countries in cooperation with local accounting institutes and universities, the latest of such cooperation agreement was signed with which was signed with The Palestine Technical University (PTS) of Khadoorie.

In a statement, IASCA also said it was committed to assist Arab institutes to obtain IFAC membership.

Vincent Tophoff, lead of Accountability. Now. an IFAC initiative, said: "Through its Accountability. Now. initiative, IFAC and its partners support governments to improve the quality, transparency, and accountability of their financial management in the public interest by strengthening their accounting and reporting practices. In that light, we are looking forward to continuing to work with the governments in the Middle East, together with the International Arab Society of Certified Accountants and other IFAC member organizations in the region, to improve their accounting and reporting arrangements in accordance with IPSAS.”


Related story:

Palestinian University accredited by Arab Society of Certified Accountants



Top Content

    IRBA: taking transparency to the next level

    Bernard Agulhas, chief executive officer at the Independent Regulatory Board for Auditors (IRBA), talks to Joe Pickard about the introduction of mandatory audit firm rotation, and the future of the Big Four in South Africa

    read more

    Sustainable investment: Accountants hold the key

    The US Institute of Management Accountants has a plan to remind professionals that they have the skills to take leadership roles in ESG investing. Carlos Martin Tornero writes

    read more

    IASB: progress towards global standards

    In an extract from a speech given at the Accounting Standards Board of Japan conference in Tokyo, Hans Hoogervorst looks at a possible return of the amortisation of goodwill to IFRS, and the standards’ progress in Japan

    read more

    IMA: developing diversity

    At the end of the July, the Institute of Management Accountants (IMA) appointed Linda Devonish-Mills as its first director of diversity and inclusion. Joe Pickard discusses with her what she plans to do in her new role

    read more
Privacy Policy

We have updated our privacy policy. In the latest update it explains what cookies are and how we use them on our site. To learn more about cookies and their benefits, please view our privacy policy. Please be aware that parts of this site will not function correctly if you disable cookies. By continuing to use this site, you consent to our use of cookies in accordance with our privacy policy unless you have disabled them.