The International Arab Society of Certified Accountants

The International Arab Society of Certified Accountants (IASCA) has no direct responsibility for establishing or operating mandatory quality assurance (QA) reviews of statutory audits in Jordan. The jurisdiction-level QA review system is led by the Jordanian Association of Certified Public Accountants (JACPA), which has authority under Accountancy Profession Law No. 73 of 2003 to inspect members’ working papers, although a mandatory QA review system for all statutory audits has not yet been fully established and operationalized.

IASCA continues to support SMO 1 through cooperation with JACPA, member education, and dissemination of quality management resources. IASCA provides access to International Standard on Quality Management (ISQM) 1 and ISQM 2 materials and has published quality management implementation content for members. IASCA also continues to monitor developments in IAASB quality management standards and support member awareness of quality management requirements.

IASCA’s role remains focused on best endeavors, including collaboration with JACPA, support for member readiness, and awareness raising on quality management. Based on its mandate and continued activities, IASCA continues to sustain its fulfillment of SMO 1 requirements.

Current Status: Sustain

The International Arab Society of Certified Accountants (IASCA) has no direct responsibility for setting jurisdiction-level initial professional development or continuing professional development requirements for Certified Public Accountants in Jordan. IASCA establishes education, examination, and continuing professional development requirements for its voluntary professional designations, including the International Arab Certified Public Accountant, the International Arab Certified Management Accountant, and the IFRS Expert certificate. Publicly available information confirms that IASCA continues to offer these professional certification programs and related training activities.

IASCA reports that its professional certification programs and continuing professional development requirements are aligned with the 2019 International Education Standards (IES). IASCA also translated the 2019 Handbook of International Education Standards into Arabic, and the IFAC translations database identifies IASCA as an Arabic translation body for international standards.

IASCA continues to support implementation through member training, professional education programs, and cooperation with universities and training partners. It also monitors developments in IES and provides members with access to relevant materials and updates. Revisions to IES 2, 3, 4, and 6 become effective on July 1, 2026, and IASCA should monitor whether updates to its certification curricula, examinations, and continuing professional development programs will be needed to maintain alignment.

Based on its ongoing education, examination, continuing professional development, translation, and awareness-raising activities, IASCA continues to sustain its fulfillment of SMO 2 requirements.

Current Status: Sustain

The International Arab Society of Certified Accountants (IASCA) has no direct responsibility for adopting auditing standards in Jordan. The Jordanian Association of Certified Public Accountants and the Higher Council for the Accountancy Profession are responsible for the jurisdiction-level adoption framework for International Standards on Auditing (ISA).

IASCA supports SMO 3 through translation, dissemination, training, and awareness raising on international auditing and assurance standards. IASCA’s publications include Arabic materials on ISA and quality management standards, and the IFAC translations database indicates that IASCA translated International Standard on Quality Management 1 and the 2023–2024 Handbook of International Quality Management, Auditing, Review, Other Assurance, and Related Services Pronouncements into Arabic.

IASCA also monitors new and revised IAASB pronouncements and incorporates relevant updates into its certification, education, examination, and continuing professional development programs.

Based on IASCA’s continued translation, dissemination, education, and member support activities, IASCA continues to sustain its fulfillment of SMO 3 requirements.

Current Status: Sustain

The International Arab Society of Certified Accountants (IASCA) has no direct responsibility for adopting ethical requirements in Jordan but requires its members to comply with the International Code of Ethics for Professional Accountants, including International Independence Standards, as issued by the International Ethics Standards Board for Accountants.

IASCA supports SMO 4 through translation, dissemination, training, and awareness raising on the Code. IASCA issued the Arabic translation of the 2024 Handbook of the International Code of Ethics for Professional Accountants in 2025 and continues to provide members with access to ethics-related materials and updates.

IASCA also monitors revisions to the Code, incorporates relevant requirements into its education and training programs, and disseminates IESBA publications and exposure drafts to members. It continues to engage with relevant stakeholders where national requirements may need to be considered against the Code.

Based on IASCA’s member requirements, translation activities, dissemination of Code updates, and ongoing education and awareness-raising activities, IASCA continues to sustain its fulfillment of SMO 4 requirements.

Current Status: Sustain

The Ministry of Finance is responsible for public sector accounting standards in Jordan. Jordan continues to progress public financial management reforms, including accounting and reporting reforms linked to the transition toward accrual-basis International Public Sector Accounting Standards (IPSAS). The Ministry’s Public Financial Management Strategy 2022–2025 identifies actions related to accrual-based financial policies, an accrual-based chart of accounts, and IPSAS capacity building.

The International Arab Society of Certified Accountants (IASCA) has no direct responsibility for adopting public sector accounting standards but continues to support SMO 5 through advocacy, technical assistance, training, certification, and translation activities. Public sources confirm that Jordan endorsed IPSAS implementation in 2015 and that IASCA was engaged under a memorandum of understanding with the Ministry to support implementation.

IASCA also cooperates with the Jordanian Association of Certified Public Accountants (JACPA) on IPSAS implementation support, including awareness raising and technical assistance. In 2021, IASCA signed a memorandum of understanding with JACPA that includes cooperation on professional training and capacity building.

IASCA supports implementation by providing IPSAS training, maintaining an IPSAS-focused certification program, sharing available Arabic translations of IPSAS materials, and monitoring IPSASB developments. Based on its continued advocacy, translation, certification, training, and stakeholder engagement activities, IASCA continues to sustain its fulfillment of SMO 5 requirements.

Current Status: Sustain

The International Arab Society of Certified Accountants (IASCA) established its own I&D system for its members (Accountants and Management Accountants) that voluntarily join the institute. IASCA completed a self-assessment of its I&D system and confirmed that its system incorporates the main requirements of SMO 6 and is operational.

An I&D Committee has been established and operationalized to undertake investigation, disciplinary, and appeals processes. To support members’ understanding of the system, IASCA has circulated guidance on the investigative and disciplinary procedures via its newsletter (annually) and website.

Both IASCA and JACPA reported to have met with Parliament officials on several occasions to promote passage of necessary amendments to legislation that would enable JACPA’s enforcement mechanism for CPAs to align with the SMO 6 benchmark. The amendments are expected to be passed in 2023.

Effective and efficient I&D procedures that meet the SMO 6 best practices are foundational to maintaining public trust and confidence in the profession. IASCA is encouraged to continue to collaborate with JACPA and HCAP to raise awareness of the SMO 6 requirements and their importance to the parliament.

Current Status: Sustain

The International Arab Society of Certified Accountants (IASCA) has no direct responsibility for the adoption of IFRS Accounting Standards in Jordan. The IFRS Foundation jurisdiction profile confirms that IFRS Accounting Standards as issued by the International Accounting Standards Board are required for domestic and foreign companies whose securities trade in a public market, as well as regulated financial institutions and insurance companies.

IASCA supports SMO 7 through implementation activities, including Arabic translations, IFRS training, certification, examinations, and member updates. IASCA continues to offer its IFRS Expert certification program and IFRS for SMEs training resources.

IASCA also monitors IFRS developments and supports awareness of new reporting requirements. Jordan has introduced sustainability reporting developments through the Amman Stock Exchange climate-related disclosure framework, which permits listed companies to use IFRS S1 and IFRS S2 and introduces phased climate-related disclosure requirements. IASCA should continue monitoring these developments and supporting member awareness of IFRS Sustainability Disclosure Standards as part of the revised SMO 7 scope.

Based on IASCA’s ongoing translation, training, certification, member support, and monitoring activities, IASCA continues to sustain its fulfillment of SMO 7 requirements.

Current Status: Sustain