Special to ag-IP-news Agency

 

DEAD SEA - The Arab Society of Certified Accountants (ASCA/Jordan) conducted a training course, financed by the World Bank, on International Public Sector Accounting Standards (IPSAS) for Jordan Audit Bureau staff.

 

HE Dr. Talal Abu-Ghazaleh, Chairman of ASCA/Jordan, expressed his pride in the partnership between ASCA and the Audit Bureau and the Bureau's keenness to provide continuous education and training for its staff to enable them to qualify at the highest professional levels and enable them to play their proper role.

 

For his part, HE Dr. Abdullah Al Kharabsheh, President of the Audit Bureau, expressed his appreciation for the professional services provided by ASCA, while re-affirming the significance of constantly developing the potential of the Bureau's staff and of utilizing ASCA's expertise in this field. Moreover, he underlined the Bureau's success in developing the capacity of its staff over the past years,  an effort culminating in its  having a large number of employees with advanced professional and academic qualifications. 

 

During the course, the participants were introduced to the importance of IPSAS and were provided with the basic skills and knowledge to implement those standards. The course focused on the principles of the transition from a cash basis to an accruals basis and in presenting financial statements prepared in accordance with the international standards, as well as overviewing several of the accounting procedures in IPSAS. 

 

 

ASCA Overview 

The Arab Society of Certified Accountants (Jordan) was established in 1986 by a group of elite Arab accountants as a non-profit accounting organization with the aim of maintaining the independence and protection of accountants in addition to putting in place a system of professional regulation for these accountants as a means of raising the standards of the accounting and auditing professions. 

 

Jordan Audit Bureau 

The Jordan Audit Bureau was established in 1952, under the Audit Bureau Law No. 28 of 1952.  The Audit Bureau was set up to audit the revenues and expenditures of the state and forms of expenditure. The Audit Bureau continues its vital role in auditing public funds and ensuring proper and legitimate expenditure. 

 

The World Bank

The World Bank is a component of the World Bank Group, which is part of the United Nations system concerned with development. The World Bank focuses on the reduction of poverty as a basis for all its goals. It concentrates its efforts on the accomplishment of the millennium development goals approved by UN members in 2000, which aim at the sustainable reduction of extreme poverty.