AMMAN- The Arab Society of Certified Accountants (ASCA JORDAN) released on April 2, 2007  the Arabic translated version of the International Public Sector Accounting Pronouncements 2006 handbook, which includes the following:

• References to the Public Sector or Committee
• References to the International Auditing Practices Committee (IAPC) of IFAC.
• The Public Sector Committee’s Guideline No.1,“Financial Reporting by Government Business Enterprises” has been withdrawn as of November 2002.
• The International Ethics Standards Board for Accountants (IESBA) issued a revised Code of Ethics for Professional Accountants (the Code) establishing a conceptual framework for all professional accountants to ensure compliance with the five fundamental principles of professional ethics.
• The IESBA has issued as exposure draft proposing a revision to the network firm definition contained in Section 290.