‘Abu-Ghazaleh’ Participates in the FOF, IFAC Meetings
RAMALLAH - Talal Abu-Ghazaleh & Co. International (TAGI), a member of Talal Abu-Ghazaleh Global (TAG.Global), participated in the Forum of Firms (FOF), International Federation of Accountants (IFAC) virtual meeting which was recently held via Zoom.
The meeting discussed the suggested IFAC strategy and the professional boards activities and strategies: development and updates on the International Auditing Standards ISAs, the new ISA 500 update, International Forum of Independent Audit Regulators (IFIAR), survey of audit inspection findings and highlights of the 2019 survey results. That is in addition to proposed actions regarding Covid-19: its effects on the progress of the work of different organizations, on conducting the audit by audit networks and its effects on the presentation and disclosures of the financial statements.
The meeting was attended by more than 50 participants from around 28 global audit firms and networks members of the Forum.
Mr. Jamal Milhem, member of TAG.Global Management Board and Executive Director of Talal Abu-Ghazaleh & International, has 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 adhere to and promote the consistent application of high-quality audit 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 in the world.
IFIAR comprises independent audit regulators from 55 jurisdictions representing Africa, North America, South America, Asia, Oceania, and Europe. Their objectives consist of improving audit quality globally, strengthening IFIAR’s role as the international leader on audit matters through strategic thought leadership and facilitating learning and cooperation among IFIAR Members.
TAGI is a global organization for professional service 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.