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03-Jul-2019

For the 16th Year, IFAC’s Forum of Firms Renews ‘Abu-Ghazaleh’ Membership

NEW YORK - The Forum of Firms (FOF), founded by the International Federation of Accountants (IFAC), has recently renewed Talal Abu-Ghazaleh & Co. International (TAGI) membership for the year 2019 after successfully maintaining its membership for the 16th year in a row.

In accordance with its membership standards in the FOF, TAGI will continue to demonstrate its commitment to the highest level of quality in auditing on an international level, and to implement quality control standards based on the international standards issued by International Auditing and Assurance Standards Board (IAASB) in addition to the relevant national standards. TAGI  will also be committed to have policies and methodologies that conform with the national ethic requirements in the countries where it’s operational.

It’s worth mentioning that Talal Abu-Ghazaleh & Co. International is the only company from the Arab and the Middle East region that practices audit at an international level and has been listed as a full member of the Forum of Firms (FOF), whose membership only includes the top 27 global firms.

HE Dr. Talal Abu-Ghazaleh, the first Arab to be elected to the IFAC Board of Directors in 1990, affirmed TAGI’s strong commitment to the professional quality and profession’s ethics in its practices through the Organization’s offices that are dispersed all over the world.

The Forum of Firms (FOF) 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 110 offices worldwide covering various fields such as Accounting, Internal & External Auditing, Capacity Building and other Consulting services.

 


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