TAGI participates in the Annual FOF, IFAC meetings
News

    04-Dec-2018

  • TAGI participates in the Annual FOF, IFAC meetings

NEW YORK- Talal Abu Ghazaleh International participated in the Forum of Firms (FOF) and the International Federation of Accountants (IFAC) meetings which were held recently over a three day period in New York.

The meetings discussed the suggested IFAC Strategy and the professional boards activities and strategies including: development and updates on the International Auditing  Standards ISAs, International Accounting Standards IAS, International Accounting Educations Standards, IAES, International Ethics Standards for Accountants, the amendments on  ISA  220,  International Standard on Quality Control (ISQC) 1, “Quality Control for Firms that  Perform Audits and Reviews of Financial Statements, and other Assurance and Related Services Engagements” and International Standards On Quality Control ( engagement quality Review)   ISQC 2 which will be issued as an exposure draft by the end of December 2018  in addition to the  annual reports of the forum and the Transnational Audit Committee, TAC and updates on the profession from different regions.

HE Dr. Abu Ghazaleh, Chairman of Abu Ghazaleh Organization, expressed his satisfaction with the group’s achievements at the global level, and its contribution to the global profession, affirming that TAGI will continue with its strategy of globalizing the auditing network to cover all continents, maintaining and developing the quality of professional services with full compliance to international auditing standards and the Code of Ethics issued by IFAC.

Mr. Jamal Milhem, member of TAGORG Management Council and Executive Director of Talal Abu-Ghazaleh Organization (TAG-Org) in Palestine,  represented the firm in the meetings.

The Forum of Firms (FOF, Forum) is an independent association of international networks of firms that perform transnational audits. The objective of the Forum is to promote consistent and high-quality standards of financial reporting and auditing practices worldwide. Members of the FoF are committed to adhering to and promoting the consistent application of high-quality auditing practices worldwide.

IFAC is a New York-based global organization for the accountancy profession dedicated to serving public interest by strengthening the profession and contributing to the development of strong international economies. IFAC is comprised of over 180 members and associates in more than 130 countries, representing almost 3 million chartered accountants worldwide.

TAGI is a global organization for professional services founded in 1972, providing its services through more than 110 offices worldwide covering various fields such as Accounting, Internal & External Auditing, Capacity Building and other Consulting services. TAGI joined FOF since the foundation of the forum in International Federation of Accountants (IFAC), in 2002.

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