IFRS Foundation Extends its Gratitude to IASCA Jordan for Facilitating and Funding Arabic Translations

AMMAN----February 24, 2014------For the second time and as a pioneering professional body in the field of translating international standards and professional publications related to accounting, auditing and related services into Arabic, the International Financial Reporting Standards (IFRS) Foundation has posted its appreciation and gratitude to the International Arab Society of Certified Accountants (IASCA) Jordan headed by HE Dr. Talal Abu- Ghazaleh for facilitating, developing and funding the Arabic translation of Framework-based IFRS teaching materials on its website.

The IFRS has launched the Education Initiative by developing a series of comprehensive Framework-based IFRS teaching materials to assist teachers to educate learners about the Standards more effectively, and to develop the students’ ability to make judgments that are necessary to apply IFRS and the IFRS for SMEs.

Training material is prepared in three separate sections to support Framework-based IFRS teaching of CA/CPA:

(a) Stage 1: a student’s first financial reporting course;
(b) Stage 2: a financial reporting course mid-way to qualifying as a CA, CPA or
equivalent; and
(c) Stage 3: a course immediately before qualifying as a CA, CPA or equivalent.

The stages are broadly defined to take into account the many different approaches to qualifying as accountants worldwide.

It is worth mentioning that IASCA has translated the first stage of the teaching material for the workshop held in June 2013 in Jordan on teaching the IFRS: MENA Region as a donation to serve the profession and professionals in the Arab region.

For more information on the teaching material, please visit the following link: http://www.ifrs.org/Use-around-the-world/Education/Pages/Framework-based-teaching-material-(Arabic).aspx

The International Arab Society of Certified Accountants (IASCA)

The International Arab Society of Certified Accountants (IASCA) was established on January 12, 1984 as a non-profit professional accounting association in London, UK. It was formally registered in Amman on February 24, 1994 under the name “The Arab Society of Certified Accountants”. The name of the Society was amended on August 18, 2013 to become “The International Arab Society of Certified Accountants”. IASCA aims at advancing the profession of accounting, auditing and other related disciplines in the countries of the League of Arab States, and maintaining the professional independence of Arab accountants and their protection, as well as the application of professional supervisory measures as a way to promote the professions of accounting and auditing.