CAIRO— On May 7, 2007, the Arab Organization of for Administrative Development held a four- day- forum titled “Accountants and Public Accountants Roles in Corporate Values Appreciation” in Egypt with the participation of professional accountants from both the public and privates sectors.
The forum discussed various issues related to accounting such as: accounting measurement, the value of an entity, quantitative and accounting analysis, and financial risk management.
“The forum shed light on the important role that the accountants play in maximizing corporate values. Further, the accountants' contribution to decision making becomes more generic. Their role in maximizing the corporate values exceeds common preparation of financial statements to providing corporate decision takers with informative reports for effective decision making.” the Executive Director of the Arab Society of Certified Accountants (ASCA) Ayman Hasan noted.
He added that ASCA contributes to the administration development in the Arab World as well, through offering the Arab Certified Public Accountant (ACPA) program. The program is accredited by Cambridge University and is becoming considerably 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 is an Arab regional professional society dedicated to the promotion of the highest accounting, auditing and ethical standards and to capacity building through the institution of globally recognized educational and examination qualification programs.
Arab Organization for Administrative Development is an independent setting board within the League of the Arab States. It aims at enhancing the level of administrative development in the Arab region, in addition to establishing administrative development guidelines in the Arab countries.