Ordre des Experts Comptables de Tunisie
Encyclopedia
The Ordre des Experts Comptables de Tunisie (Institute of Chartered Accountants of Tunisia) or OECT is a professional association of accountants in Tunisia
. It was created in 1983 and placed under the Ministry of Finance.
The OECT is responsible for ensuring the normal functioning of the accountancy industry, for ensuring that members respect all relevant rules and obligations and for defending the honor and independence of the profession.
The institute is a member of the International Federation of Accountants
(IFAC) and of the International Federation of Francophone Accountants
(FIDEF).
The institute participated in the national campaign for creation and development of SMEs, which was launched in April 2005 by the Ministry of Industry, Energy and SMEs.
In May 2007 the institute and FIDEF held a major meeting to discuss the implications and costs involved in moving to the International Financial Reporting Standards
(IFRS) for SMEs standard of accounting.
In October 2009, in response to the late-2000s financial crisis
, the OECT held a seminar to discuss banking ethics with the assistance of the Central Bank of Tunisia
(BCT) and the Professional Association of Tunisian banks and financial institutions (APTBEF). The objective was to raise awareness of this vital subject and reduce risks.
The board of the OECT repeatedly raised concerns about the conduct of members of the Committee of State Auditors, both before and after the Tunisian revolution
. On 3 June 2011 a group of 50 accountants filed a complaint of corruption by this body with the high court.
Following the confiscation of more than 287 companies belonging to the Ben Ali
/ Trabelsi
clan, in June 2011 the institute held a press conference calling for resolution of the legal status of these companies, which employed about 15,000 people and held investments in many of Tunisia's largest companies.
Tunisia
Tunisia , officially the Tunisian RepublicThe long name of Tunisia in other languages used in the country is: , is the northernmost country in Africa. It is a Maghreb country and is bordered by Algeria to the west, Libya to the southeast, and the Mediterranean Sea to the north and east. Its area...
. It was created in 1983 and placed under the Ministry of Finance.
The OECT is responsible for ensuring the normal functioning of the accountancy industry, for ensuring that members respect all relevant rules and obligations and for defending the honor and independence of the profession.
The institute is a member of the International Federation of Accountants
International Federation of Accountants
International 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) and of the International Federation of Francophone Accountants
International Federation of Francophone Accountants
The International Federation of Francophone Accountants is an organization that promotes exchange and cooperation between accountants in the French-speaking community....
(FIDEF).
The institute participated in the national campaign for creation and development of SMEs, which was launched in April 2005 by the Ministry of Industry, Energy and SMEs.
In May 2007 the institute and FIDEF held a major meeting to discuss the implications and costs involved in moving to the International Financial Reporting Standards
International Financial Reporting Standards
International Financial Reporting Standards are principles-based standards, interpretations and the framework adopted by the International Accounting Standards Board ....
(IFRS) for SMEs standard of accounting.
In October 2009, in response to the late-2000s financial crisis
Late-2000s financial crisis
The late-2000s financial crisis is considered by many economists to be the worst financial crisis since the Great Depression of the 1930s...
, the OECT held a seminar to discuss banking ethics with the assistance of the Central Bank of Tunisia
Central Bank of Tunisia
The Central Bank of Tunisia is the central bank of Tunisia. The bank is located in Tunis and its current governor is Mustapha Kamel Nabli, who replaced Taoufik Baccar on 17 January 2011.-History:...
(BCT) and the Professional Association of Tunisian banks and financial institutions (APTBEF). The objective was to raise awareness of this vital subject and reduce risks.
The board of the OECT repeatedly raised concerns about the conduct of members of the Committee of State Auditors, both before and after the Tunisian revolution
Tunisian revolution
The Tunisian Revolution is an intensive campaign of civil resistance, including a series of street demonstrations taking place in Tunisia. The events began in December 2010 and led to the ousting of longtime President Zine El Abidine Ben Ali in January 2011...
. On 3 June 2011 a group of 50 accountants filed a complaint of corruption by this body with the high court.
Following the confiscation of more than 287 companies belonging to the Ben Ali
Zine El Abidine Ben Ali
Zine El Abidine Ben Ali is a Tunisian political figure who was the second President of Tunisia from 1987 to 2011. Ben Ali was appointed Prime Minister in October 1987, and he assumed the Presidency on 7 November 1987 in a bloodless coup d'état that ousted President Habib Bourguiba, who was...
/ Trabelsi
Leïla Ben Ali
Leïla Ben Ali , is the wife of Zine El Abidine Ben Ali, the former president of the Tunisian Republic. She is the current president of the Arab Women Organization and chair of the Basma Association, a charitable organization working to secure employment for the disabled. In July 2010, Mrs. Ben Ali...
clan, in June 2011 the institute held a press conference calling for resolution of the legal status of these companies, which employed about 15,000 people and held investments in many of Tunisia's largest companies.