News

  • 21-Dec-2016

    Abu-Ghazaleh: IASCA’s participation in IFAC’s elections and decisions is a support for a more credible Arab role to boost global growth

    BRASILIA– The International Federation of Accountants® (IFAC®), the global organization for the accountancy profession, announced the election of Australian Rachel Grimes as its President, for a two-year term effective through November 2018. Ms. Grimes is IFAC’s second female President. IFAC also announced the election of In-Ki Joo (South Korea) as Deputy President.

    The IFAC Council elected three new members to the IFAC Board: Philippe Arraou (France), Tommye Barie (United States), and Idesio da Silva Coelho (Brazil). Wienand Schruff (Germany), Michael Hathorn (UK), Gail McEvoy (Ireland), and Sebastian Owuama (Nigeria) were reappointed for a second term of service.

    As a member of IFAC, the International Arab Society of Certified Accountants (IASCA) took part in the meetings and voted for the election of the president and members of the Board.

    HE Dr. Talal Abu-Ghazaleh, chairman of the Society noted that IASCA’s participation is a great opportunity to underline the Arab role in taking part in drawing the general policies of the largest entity that organizes the profession of accountants and auditors globally, stating that the participation is also a significant opportunity to exchange experiences among the members of the Federation taking into consideration that the number of participants at the meetings reached up to 86 representatives of international professional bodies.

    In her speech, Grimes said: “I am honored to serve as IFAC’s President at a time of great global challenges. There are also remarkable opportunities to strengthen the accountancy profession and further the adoption of global standards in the public interest.” She added, “As President, I look forward to working with our member organizations and other stakeholders as we continue to put trust at the heart of all we do, and at the heart of the global economy.”

    Moreover, the IFAC Council admitted three new members (previously IFAC associates):-
    • Mauritius Institute of Professional Accountants;
    • Ordem dos Contabilistas Certificados (Portugal); and
    • Union of Accountants, Auditors and Financial Workers of Federation of Bosnia and Herzegovina.

    About IASCA
    The International Arab Society of Certified Accountants (IASCA) was established as a not-for-profit professional accounting organization in 1984 in London-United Kingdom. It was officially registered in Amman on February 24, 1994 under the name of “The Arab Society of Certified Accountants”.

    About IFAC
    The International Federation of Accountants “IFAC” is the global organization for the accountancy profession dedicated to serving the public interest by strengthening the profession and contributing to the development of strong international economies. IFAC is comprised of more than 175 members and associates in more than 130 countries and jurisdictions, representing almost 3 million accountants in public practice, education, government service, industry, and commerce.
     
     
     



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