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Palestinian Association of Certified Public Accountants (PACPA), And Arab Society of Certified Accountants (ASCA) in Cooperation with Talal Abu Ghazaleh & co. international (TAGI), conclude the Activi

Palestinian Association of Certified Public Accountants (PACPA), And Arab Society of Certified Accountants (ASCA) in Cooperation with Talal Abu Ghazaleh & co. international (TAGI), conclude the Activities of the Second Professional Conference " Towards to ensure the Relationship with the Palestinian National Authority Institutions"

PACPA chairman Mr. Hassouneh opening the speech, and welcomed the Participants and the audience.

  • Dr. Jihad Al-Wazeer Governor of the Palestinian Monetary Authority.
  • Mr. Jamal Abu Baker General Manager of Palestine Financial and Administrative Control Bureau.
  • Ms. Mona Al-Masri Deputy Minster & President of Board of Professional Auditing in Palestine.
  • Ms. Abeer Odeh General Manager of Palestinian Capital Market Authority.
  • Mr. Omar Hashem Palestinian Union of Chambers of Commerce.
  • Mr. Nezam Ayoub Companies Controller  Ministry of National Economy.
  • Ms. Fadwa Al-sha‘aer General Manager of Associations at Ministry of Interior.
  • More than 175 members of PACPA General Assembly.
  • The Palestinian private sector representative.

Mr. Hassouneh talks about the importance of complying and implementing the International Financial Reporting Standards (IFRS), And International Standards on Auditing (ISA) also the code of conducts manual that issued by International Federation of Accountants (IFAC),

During the conference PACPA honoring the first Generation of the Palestinian Auditors who spent most of their life in serving the profession, Also PACPA Board Members honored Mr. Jamal Milhem, the Board Member of Arab Society of Certified Accountants (ASCA) who sponsored the conference.

Conference Recommendations:

  • Developing the Audit working procedures & methodology.
  • Holding up conferences, sessions & Training courses that raise the awareness of implementing the Rules & Regulations.
  • Complying with International Financial Reporting Standards (IFRS), And International Standards on Auditing (ISA).
  • Complying with the International financial Reporting Standards  for Small & Medium enterprises (IFRS for SME’s).
  • Complying with Rules & obligations issued by the International Federation of Accountants (IFAC).
  • Emphasis on the adoption of Palestinian Association of Certified Public Accountants for IFRS, ISA, & Code of conducts that issued by International Federation of Accountants (IFAC).
  • Compliance with disclosure standards under international standards and requirements of the profession for the listed companies.
  • Encouraging establishing Auditing companies between the auditors and take advantage of the expertise available.
  • Adoption of rules of Code of Corporate Governance issued by the National Committee for Corporate Governance.
  • Holding the third professional conference at an international level at the middle of the next year.
  • Participating in laws & regulation formulation & amendments.
  • Continue the working  with all Palestinian official authorities and provide them with the names of licensed auditors annually.
  • Finally, a call for all auditors to speed up the conclusion of tax receipts to assist the State in supporting its Treasury.

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