Jordanian Association of Certified Public Accountants
Member | Established: 1988 | Member since 1992
The Jordanian Association of Certified Public Accountants (JACPA) was established in 1988 in accordance with Law No. 42 of 1987. It is a mandatory membership organization comprising accountants and auditors. Its functions include advising on standard-setting; ensuring that its members comply with the laws governing the profession, the association’s by-laws and ethical requirements; providing education and training to the accountancy profession; and promoting the interest of the profession. The JACPA is a member of IFAC and the Gulf Cooperation Council Accounting and Auditing Organization.
Contact
Arjan - Moslam Bin Al Waleed st.building # 26, Amman
Jordan
Tel: 5669918; 5669916
Fax: 962-6/5687.610
jacapa@go.com.jo
http://www.jacpa.org.jo/
Statements of Membership Obligations (SMOs)
Last updated: 12/2016
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The Statements of Membership Obligations form the basis of the IFAC Member Compliance Program. They serve as a framework for credible and high-quality professional accountancy organizations focused on serving the public interest by adopting, or otherwise incorporating, and supporting implementation of international standards and maintaining adequate enforcement mechanisms to ensure the professional behavior of their individual members.
Status of Fulfillment
As quality assurance (QA) reviews are not required in Jordan, JACPA has no direct responsibility for establishing a quality assurance (QA) review system. Nonetheless, the JACPA reports that it performs inspections of...
The JACPA is responsible for adopting and implementing IES requirements related to professional certification examinations, practical experience requirements, and continuing professional development (CPD) requirements...
Under Law No. 73 of 2003 on Organizing the Practice of the Public Accounting Profession, the JACPA is responsible for recommending the auditing standards the Higher Committee of the Accountancy Profession (HCAP) is to...
In accordance with Law No. 73 of 2003 on Organizing the Practice of the Public Accounting Profession, the JACPA is responsible for recommending the ethical requirements for professional accountants that the Higher...
The Ministry of Finance (MoF), the entity responsible for the adoption of public sector accounting standards, officially endorsed the adoption and implementation of IPSAS in 2015, and a five-year implementation road map...
According to Law No. 73 of 2003 on Organizing the Practice of the Public Accounting Profession, the JACPA has the authority to discipline professional accountants and has an operational Investigation Committee...
In contrast to auditing and ethical standards, the association does not have a role with respect to standard-setting as the IFRS are adopted in Jordan by various laws and regulations governing financial reporting...
Disclaimer
IFAC bears no responsibility for the information provided in the SMO Action Plans prepared by IFAC member organizations. Please see our full Disclaimer for additional information.