AMMAN - HE Dr. Talal Abu-Ghazaleh, founder
and chairman of Talal Abu-Ghazaleh Global (TAG.Global) and chairman of the
International Arab Society of Certified Accountants (IASCA), has participated
(digitally) Oman International Conference on Accounting and Auditing; which was
also attended by the President of the New York-based International Federation
of Accountants (IFAC), President of the UK-based Association of Chartered
Certified Accountants (ACCA), President of the Australia-based Certified
Practicing Accountant (CPA), Chairman of the Oman Association for Chartered
Public Accountants (OACPA), and President of Saudi Organization for Chartered
and Professional Accountants (SOCPA).

The conference covered several significant
topics including the International Public Sector Accounting Standards,
contemporary internal auditing techniques and approaches, sustainability,
latest updates to some standards, and professional ethics and morality.

In his statement, Dr. Abu-Ghazaleh
expressed his pride at being elected as the first non-Western accounting
organization member to the IFAC Board of Directors in 1992. He further welcomed
the President of ACCA, pointing out that IASCA was established and hosted at
the ACCA’s headquarters in 1984, extending gratitude for its support.

Dr. Abu-Ghazaleh underlined the importance
of advancing the accounting profession to keep up with the development in the
Knowledge Era, which requires a comprehensive digital transformation in all
aspects of our lives; affirming that developing the accounting and auditing
standards and services to become digital has become a necessity.

He further stated that TAG.Global is
working on developing the ‘Audit Tech’ program which is based on the
international accounting and auditing standards, noting that it will be
installed on the clients’ accounting systems to directly generate the audit
reports.

Moreover, Dr. Abu-Ghazaleh referred to his
efforts while handling various international positions, including his election
to the International Accounting Standards Board and the International Financial
Data Standards in London, explaining 
that he advocated for the amendment of auditing objectives not just to
encompass the preparation of financial data such as profit and loss statements
and balance sheets but to also assist economic decision-makers in making
necessary decisions to enhance profits and financial conditions.

It is worth mentioning that the Oman International
Conference on Accounting and Auditing discussed the most important challenges
facing the accounting and auditing profession in terms of skills, ethics, and
competencies.