Dr. Abu-Ghazaleh: The Society and the
Bureau are partners in implementing the project with the support of the World
Bank
Kharabsheh: The Bureau considers TAG-Org
as one of the national institutions that serve the national economy
AMMAN – December 8, 2015 - The
International Arab Society of Certified Accountants (IASCA), chaired by HE Dr. Talal
Abu-Ghazaleh, and the Audit Bureau chaired by HE Dr. Abed Kharabsheh, signed
the contract of the audit methodologies development project for Jordan Audit
Bureau in the presence of the representative of the World Bank Mr. Jad Mazahreh.
This contract has come after the
Society won the tender of strengthening the institutional capabilities of the
employees of Jordan Audit Bureau through the development of the audit
methodologies conducted in the Bureau financed by the World Bank. This project
involves the preparation of operating procedures manuals, guidelines and
workshops. In addition, it would apply leading audit projects to the
state-owned businesses according to the best international standards and
practices; taking into account the applicable legislations. It also includes
auditing of major projects of the public-private partnerships.
The contract aims to implement the
Bureau’s plan for executing development projects and increasing level of professionalism
in some specialized fields of audit including the financial audit of the
government-owned businesses, the audit of the major projects of the
public-private partnerships as well as the enhancement of the quality
of the audit outcomes and the administration letters as a part of the financial
audit and the audit methodology that manages the major projects for
public-private partnerships.
Dr.
Abu-Ghazaleh stressed “the Society and the Bureau are partners in implementing
this project with the support of the World Bank that always focuses on the
sustainable and capacity-building projects.”
He thanked President
of the Bureau for his prominent role in safeguarding the public assets,
pointing out to the importance of the project in achieving this goal.
He clarified
“this agreement is a true embodiment of the public-private partnership that His
Majesty King Abdullah II persistently called for, pointing out that education
is a constant need that does not stop at a certain point.
He added:
“We, at TAG-Org, continuously concentrate on training and development. Our main
mission is to build capacities at the Jordanian and world levels to achieve education
democracy for all in different places and regions through Talal Abu-Ghazaleh
University.”
Meanwhile,
Mr. Kharabsheh expressed his happiness for signing the contract and thanked Dr.
Abu-Ghazaleh for his work and knowledge in the field of auditing and for being
one of the famous personalities in many professional fields in Jordan and the
world.
He stated
“the Bureau considers TAG-Org as one of the national institutions that serves
the national economy and one of the highly-qualified leading competitive
institutions”, expressing his happiness with this cooperation in the
development of the accounting profession.
He also
stressed that “this agreement is a progress toward professionalism through the
public-private mutual efforts as a tool to improve the quality of performance,
support and ongoing development for the state institutions.
On his part,
Representative of World Bank Mr. Mazahreh stressed “the World Bank is always
happy with these partnerships whose mission is to serve the national economy”, expressing
hopes that “this project will achieve the best results at the end of its
application.”
The project
consists of three phases: implementing the audit procedures manuals, holding
workshops for training on manuals and applying manuals through field audit of a
sample of the state-owned and partially state-owned businesses.
According to
the tender, International Public Sector Accounting Standards Book, which is to
be translated by the Society, will be distributed to the Bureau’s employees.
It is
noteworthy that the Society started with the second phase of the Bureau’s first
tender which it won before, relating to the preparation of training courses for
the institute affiliate of the Bureau.
About the
Audit Bureau:
The Audit
Bureau was established in 1952 in accordance with the Audit Bureau's Law no 28
of 1952 to audit the government revenues, expenditures and the manners of the expenditures.
It continues its active role in auditing the public money to ensure that
spending has been carried out in a sound, legal, and effective manner.
About the International
Arab Society of Certified Accountants:
The Arab
Society of Certified Accountants (Jordan) was established in 1986 as a
non-profit professional accounting organization of the elite of Arab
accountants. ASCA (Jordan) aims at maintaining professional independence of
accountants, ensuring their protection and applying professional supervision
standards as a means to promote accounting and auditing professions.
About the
World Bank:
It is one of
the UN agencies concerned with development and poverty alleviation; the aim at
which it dedicates all of its work. It focuses its efforts on the Millennium
Development Goals approved by members of the UN in 2000 aimed at achieving
sustainable poverty alleviation.