ASCA-Jordan issues translated Arabic edition of IPSAS 2010

Press release
Published January 27th, 2011 - 12:21 GMT
Translated Arabic edition of IPSAS 2010 part I
Translated Arabic edition of IPSAS 2010 part I

The Arab Society of Certified Accountants (ASCA-Jordan) has issued the latest Arabic translated edition of the International Public Sector Accounting Standards (IPSAS) 2010 after approving the amendments by the IPSASB, in its endeavor to cope with the latest developments in accounting and auditing fields, as well as its interest in accounting publications being the sole accredited body for these publications in Arabic. 

These amendments are:- 

(A)  Finalization the following Standards which are included in this Handbook:

- IPSAS 27, “Agriculture”

- IPSAS 28, “Financial Instruments: Presentation”

- IPSAS 29, “Financial Instruments: Recognition and Measurement”

- IPSAS 30, “Financial Instruments: Disclosures”

- IPSAS 31, “Intangible Assets” 

These Standards are effective from the dates referred to in the Standards. 

(B)   A number of IPSASs were amended as a result of the IPSASB’s Improvements Project; namely (1, 2, 3, 7, 8, 10, 14, 16, 17, 25 and 26). This Project involves making non-urgent but necessary changes to IPSASs as a result of changes made by the IASB to various IFRSs.

These amendments are effective for annual financial statements covering periods beginning on or after January 1, 2011.

Background Information

Arab Society of Certified Accountants

The Arab Society of Certified Accountants (ASCA) was established on January12, 1984 as a non-profit professional accounting association at London, UK. It was formally registered in Amman on 24 February, 1994 under the name “The Arab Society of Certified Accountants”. 

The notion of establishing ASCA proposed by a group of elite Arab accountants which aims at advancing the profession of accounting, auditing and other related disciplines in the countries of the Arab League. ASCA also aims at maintaining the professional independence and their protection, and the application of professional supervisory measures as a way to elevate the professions of accounting and auditing.

It also aims at developing and facilitating the continuous spread and exchange of professional and technical information among accountants by holding conferences, meetings, seminars, training courses, and academic gatherings.

Talal Abu-Ghazaleh Organization

The Talal Abu-Ghazaleh Global (TAG.Global) is the largest global group of professional service firms in the fields of Accounting , External Audit, Internal Audit, Corporate Governance, Taxation, Educational Consultancy, Economic and Strategic Studies, Management Advisory Services, Professional and Technical Training, Technology Transfer Project Management, Real Estate Management, Investors and Business Advisory Services, Human Resources and Recruitment Services, E-Government, E-Commerce, E-Education, IT and Security Audit, Web Design, Professional Interpretation and Translation, Website Arabization, Domain Names Registration, ICT Strategic Planning, ERP Consulting Services, IT and Internet Skills Training and Examinations, Intellectual Property News Agency, IP Business and Asset Valuation and Branding Services, IP Registration and Protection, Intellectual Property Renewals, IPR Protection and Management, Legal Services, and Public Offering.

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