.gif)
Arab Society for Certified Accountants (ASCA)
Encyclopedia
Profession
A profession is a vocation founded upon specialized educational training, the purpose of which is to supply disinterested counsel and service to others, for a direct and definite compensation, wholly apart from expectation of other business gain....
of accounting, management
Management
Management in all business and organizational activities is the act of getting people together to accomplish desired goals and objectives using available resources efficiently and effectively...
and related disciplines in the countries of the Arab League
Arab League
The Arab League , officially called the League of Arab States , is a regional organisation of Arab states in North and Northeast Africa, and Southwest Asia . It was formed in Cairo on 22 March 1945 with six members: Egypt, Iraq, Transjordan , Lebanon, Saudi Arabia, and Syria. Yemen joined as a...
. ASCA also aims to maintain the professional independence of accountants and their protection through the application of professional supervisory measures as a way to elevate the professions of accounting and auditing.
Establishment
The Arab Society for Certified Accountants (ASCA) was established in 1984 by a group of elite ArabArab
Arab people, also known as Arabs , are a panethnicity primarily living in the Arab world, which is located in Western Asia and North Africa. They are identified as such on one or more of genealogical, linguistic, or cultural grounds, with tribal affiliations, and intra-tribal relationships playing...
accountants. ASCA is chaired by Mr. Talal Abu-Ghazaleh
Talal Abu-Ghazaleh
Talal Abu-Ghazaleh is the chairman and founder of the international Jordan-based organisation, the Talal Abu-Ghazaleh Organization...
the Chairman of Talal Abu-Ghazaleh Organization
Talal Abu-Ghazaleh Organization
The Talal Abu-Ghazaleh Organization , is an international holding company employing over 2,000 multi-disciplined professionals and operating out of 70 offices in the Middle East and North Africa, with representative offices in Europe, Asia and North America.The Organisation is a leading provider of...
(TAGorg). ASCA is a non-profit professional accounting association which aims at advancing the profession of accounting, management and related disciplines in the countries of the Arab League. ASCA also aims to maintain the professional independence of accountants and their protection through the application of professional supervisory measures as a way to elevate the professions of accounting and auditing.
ACPA Certificate
ASCA contributes to the administrative development in the Arab WorldArab world
The Arab world refers to Arabic-speaking states, territories and populations in North Africa, Western Asia and elsewhere.The standard definition of the Arab world comprises the 22 states and territories of the Arab League stretching from the Atlantic Ocean in the west to the Arabian Sea in the...
by offering the Arab Certified Public Accountant
Certified Public Accountant
Certified Public Accountant is the statutory title of qualified accountants in the United States who have passed the Uniform Certified Public Accountant Examination and have met additional state education and experience requirements for certification as a CPA...
(ACPA) program. The program is accredited by Cambridge University and is increasing recognized in many Arab countries especially that it aims at introducing a group of highly qualified professional accountants to the Arab community, who will take the lead in developing the business practices and economies.
ASCA Membership
ASCA works hard and on a continuous basis to meet all professionalProfessional
A professional is a person who is paid to undertake a specialised set of tasks and to complete them for a fee. The traditional professions were doctors, lawyers, clergymen, and commissioned military officers. Today, the term is applied to estate agents, surveyors , environmental scientists,...
requirements to make it eligible to receive appropriate international status. Accordingly, ASCA became an active member in the following international organizations and committees:
- The International Federation of AccountantsInternational Federation of AccountantsInternational Federation of Accountants is the global organization for the accountancy profession. IFAC has 164 member and associates in 124 countries and jurisdictions, representing more than 2.5 million accountants employed in public practice, industry and commerce, government, and academe...
(IFAC) - The International Accounting Standards BoardInternational Accounting Standards BoardThe International Accounting Standards Board is an independent, privately funded accounting standard-setter based in London, England.The IASB was founded on April 1, 2001 as the successor to the International Accounting Standards Committee...
(IASB) - UN Intergovernmental Working Group of Experts on International Standards of Accounting and Reporting (ISAR)
- The International Committee for Accounting EducationEducationEducation in its broadest, general sense is the means through which the aims and habits of a group of people lives on from one generation to the next. Generally, it occurs through any experience that has a formative effect on the way one thinks, feels, or acts...
and Research - UN International Professional Accounting Qualification Committee (IPAQC).
In 1998, ASCA was invited by the International Accounting Standards Board and the International Federation of Accountants to participate in preparing International Accounting Standards, International Financial Reporting Standards and International Auditing, Assurance and Ethics pronouncements. These two professional organizations have accredited ASCA as the sole Arab society for translating all their publications on accountancy and auditing standards and distributing them throughout the Arab world
Arab world
The Arab world refers to Arabic-speaking states, territories and populations in North Africa, Western Asia and elsewhere.The standard definition of the Arab world comprises the 22 states and territories of the Arab League stretching from the Atlantic Ocean in the west to the Arabian Sea in the...
.
ASCA also has participated in preparing quality control standards to evaluate the performance of accountants and members of professional societies who are members of the IFAC to ensure their good performance and adherence to the appropriate international standards.
Based on the value that ASCA attaches to continuing professional education, a number of specialized training
Training
The term training refers to the acquisition of knowledge, skills, and competencies as a result of the teaching of vocational or practical skills and knowledge that relate to specific useful competencies. It forms the core of apprenticeships and provides the backbone of content at institutes of...
programs in the fields of accounting and auditing are offered by ASCA or through recognized academic institutions throughout the Arab world such as the Talal Abu-Ghazaleh College of Business (TAGCB) at the German-Jordanian University
German-Jordanian University
The German-Jordanian University , often abbreviated GJU, is a state-supported university located in Amman at Ahmad Il Tarawneh Street...
(GJU).