Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.

Membership Qualifications...

1,132 views

Published on

Jordan Association of Certified Public Accountants
January , 21, 2017

Published in: Business
  • Be the first to comment

  • Be the first to like this

Membership Qualifications...

  1. 1. January , 21, 2017 Jordan Association of Certified Public Accountants Membership Qualifications...
  2. 2. Overview Founded in 1987, the Jordan Association of Certified Public Accountants(“JACPA” or “Association”) enjoys a corporate body as well as financial and administrative independence that enables JACPA to perform all legal acts required to achieve the Association’s both long and short term objectives • JACPA is represented by a Board of directors which is consist of chairman and 8 members, who act as a liaison between the Association and official authorities both regionally and globally • In addition to JACPA’s president, the general assembly consisting of 619 members, is responsible for: • Approving the Association’s annual report; • Accrediting annual budgets and financial statements; • Appointing a Certified Public Accountant (CPA) to audit the Association’s accounts; and • Election of the Board of Directors.
  3. 3. Board of Directors’ Roles & Responsibilities • Manage the financial and administrative affairs of the Association • Firmly establish the roles of professional behavior and coordinate with the Supreme Commission to adopt audit and accounting standards • Form committees from the Board of Directors and manage the cooperation, health insurance and retirement fund pertaining to the Association
  4. 4. Time line of the Profession • Prior 1961 there was no regulating law for the profession. • profession Regulator law (10/61) was issued in the year 1961. • Profession Regulator law (32) for the year 1985 was then issued and set the profession exam. • JACPA was founded in the year 1987. • An amended profession regulator Law was issued in the year 2003.
  5. 5. JACPA is member of:
  6. 6. SMO’s & Action Plan • (JACPA) issued its first action plan in October 2011 • We have updated it 2013 & 2014 • Now we update on a biannual since 2014 • Last update was on December 2016
  7. 7. International Education Standards (IESs) Pre-Qualification Entry Requirements for Professional Accounting Education Program(IES 1) Content of Professional Accounting Education (IESs 2,3,4) Practical Experience (IES 5) Assessment (IES 6) Post-Qualification Continuing Professional Development (IES 7) Specialization/auditing (IES 8)
  8. 8. Thank You

×