Talal Abu Ghazaleh Participates in the Annual FOF, IFAC Meetings

Talal Abu Ghazaleh International  participated in the Forum of Firms, FOF International Federation of Accountants (IFAC)  meetings which were held over three days at the end of October 2017 in New York. The agenda of the meetings included discussions of the suggested developments and updates on the International Auditing  Standards ISAs, International Accounting Standards IAS,  International Accounting Educations Standards, IAES, International Ethics Standards for Accountants, International  Integrated Reporting  and  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   ISQC 2 draft, in addition to the  annual reports of the forum and the Transnational Audit Committee, TAC and the updates on the profession from different regions 

The meeting was attended by around 28 global audit firms and network members of the forum.

HE Dr. Abu Ghazaleh the chairman of Abu Ghazaleh Organization explained the group’s future strategy for globalization of the audit network to cover  all continents, and maintain and develop the quality of  professional services. 

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

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 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 175 members and associates in more than 130 countries, representing almost 3 million chartered accountants in the world. 

TAGI is a global organization for professional services founded in  1972, providing  its  services through more than 103  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