Jordanian Association of Certified Public Accountants

The Jordanian Association of Certified Public Accountants (JACPA) has shared responsibility for SMO 1 and continues to execute activities to support the establishment and operation of a quality assurance (QA) review system in Jordan. Under the Accountancy Profession Law No. 73 of 2003 and the related 2006 regulation, JACPA has authority to inspect members’ working papers through inspection committees, but a mandatory QA review system for all statutory audits has not yet been fully established and operationalized.

JACPA continues to maintain inspection committees and voluntary QA review activities for its members. Publicly available information confirms that JACPA’s inspection committees are responsible for verifying whether practicing Certified Public Accountants comply with approved auditing standards and professional conduct requirements, and for submitting inspection reports and recommendations to JACPA’s Council.

JACPA has also continued to support members through training, professional development, and resources related to audit quality and quality management. However, publicly available information does not confirm that the legislative or regulatory framework has been amended to establish a compulsory QA review system aligned with SMO 1 requirements for all mandatory audits.

JACPA has demonstrated that it is executing activities to meet the SMO 1 obligations. JACPA is encouraged to continue engaging with the Higher Council for the Accountancy Profession and relevant authorities to establish and operationalize a mandatory QA review system for all statutory audits, ensure alignment with SMO 1 requirements, and demonstrate how QA findings are consistently linked to remedial and disciplinary actions.

Current Status: Execute

The Jordanian Association of Certified Public Accountants (JACPA) has shared responsibility for SMO 2. The Accountancy Profession Law No. 73 of 2003 establishes the education, examination, practical experience, licensing, and continuing professional development requirements for Certified Public Accountants (CPAs), with JACPA responsible for administering the professional examination and monitoring member compliance with continuing professional development requirements. JACPA’s website confirms that practicing CPAs must complete at least 20 hours of continuing professional development annually when renewing their practice license.

JACPA continues to maintain the professional examination framework and publishes information on the examination, examination instructions, schedules, and results. It also maintains training and education resources for members through its education and training platform.

JACPA has previously completed a gap analysis of national education requirements against the 2019 International Education Standards (IES) and reports that its initial and continuing professional development requirements are aligned with the revised 2019 IES. JACPA also engages with universities and members to support awareness of IES requirements and to keep education and training programs responsive to professional developments.

JACPA is encouraged to monitor the revisions to IES 2, 3, 4, and 6, which become effective on July 1, 2026, and to assess whether updates to national education, examination, and practical experience requirements will be needed to maintain alignment with SMO 2.

Current Status: Sustain

The Jordanian Association of Certified Public Accountants (JACPA) has shared responsibility for SMO 3. Under the Companies Law No. 22 of 1997 and Accountancy Profession Law No. 73 of 2003, JACPA recommends auditing standards for approval by the Higher Council for the Accountancy Profession (HCAP). Available information indicates that International Standards on Auditing (ISA) as issued by the International Auditing and Assurance Standards Board are adopted in Jordan and apply in line with their effective dates.

JACPA continues to support members’ implementation of international auditing standards through professional training, workshops, and technical resources. Recent publicly available activities include training on internal audit, audit working papers, artificial intelligence in audit, and sustainability reporting developments, reflecting ongoing support for members in applying international standards and responding to emerging audit-related developments.

JACPA also monitors new and revised IAASB pronouncements and provides members with access to available Arabic translations. The IFAC translations database indicates that the 2023–2024 Handbook of International Quality Management, Auditing, Review, Other Assurance, and Related Services Pronouncements is available in Arabic, and the 2025 IAASB Handbook is currently available in English with Arabic translation in progress.

Based on JACPA’s role in recommending standards, monitoring IAASB developments, and supporting member implementation, JACPA continues to sustain its fulfillment of SMO 3 requirements.

Current Status: Sustain

The Jordanian Association of Certified Public Accountants (JACPA) has shared responsibility for SMO 4. Under Accountancy Profession Law No. 73 of 2003, JACPA recommends ethical requirements for approval by the Higher Council for the Accountancy Profession (HCAP). Available information indicates that the International Code of Ethics for Professional Accountants, including International Independence Standards, as issued by the International Ethics Standards Board for Accountants, is applicable in Jordan.

JACPA supports implementation by monitoring revisions to the Code, disseminating relevant updates and translated materials, and providing training and awareness-raising activities for members. JACPA’s public materials reference the structure of international pronouncements, including the Code issued by the IESBA. The IFAC translations database indicates that the 2024 Handbook of the International Code of Ethics for Professional Accountants is available in Arabic.

JACPA also links compliance with ethical requirements to its investigation and disciplinary system, and its committees support monitoring of members’ compliance with professional conduct requirements.

Based on JACPA’s role in recommending ethical requirements, monitoring Code revisions, supporting implementation, and enforcing member compliance, JACPA 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 reforms to accounting and reporting, with the Ministry’s Public Financial Management Strategy 2022–2025 identifying actions related to accrual-based financial policies, an accrual-based chart of accounts, and capacity building for transition to International Public Sector Accounting Standards (IPSAS).

The Jordanian Association of Certified Public Accountants (JACPA) has no direct responsibility for adopting public sector accounting standards but continues to support SMO 5 through advocacy, awareness raising, and technical support. JACPA has previously worked with the Ministry and the International Arab Society of Certified Accountants (IASCA) to support IPSAS implementation efforts, including training, seminars, technical assistance, and promotion of accrual-basis IPSAS adoption. Public sources confirm that Jordan formally committed to IPSAS adoption in 2015 and that IASCA was engaged to support implementation under a memorandum of understanding with the Ministry.

JACPA also supports implementation by sharing available Arabic translations of IPSAS materials and monitoring IPSASB developments. The current IPSASB Handbook is the 2025 Handbook of International Public Sector Accounting Pronouncements, while the IFAC translations database indicates that Arabic translations are available for recent IPSAS materials.

Based on JACPA’s continued advocacy, collaboration with relevant stakeholders, and support for implementation of public sector accounting reforms, JACPA continues to sustain its fulfillment of SMO 5 requirements.

Current Status: Sustain

The Jordanian Association of Certified Public Accountants (JACPA) shares responsibility for SMO 6 with the Higher Council for the Accountancy Profession (HCAP). Under Accountancy Profession Law No. 73 of 2003, JACPA operates an investigation and disciplinary system for Certified Public Accountants (CPAs), while HCAP retains oversight authority for key licensing and disciplinary decisions.

JACPA’s disciplinary committee is established under Article 34 of the law and Article 14 of the 2006 regulation. The committee is formed annually and is composed of three practicing CPAs with at least ten years of professional experience. The system provides for sanctions, including warning, reprimand, suspension, cancellation of license, and removal from the practicing register, with certain decisions subject to HCAP approval and appeal.

The system is operational and JACPA provides public information on its disciplinary arrangements. However, available information indicates that the disciplinary committee remains composed only of professional accountants and does not include non-accountants, which is not fully aligned with SMO 6 requirements.

JACPA is encouraged to continue working with HCAP to address remaining SMO 6 gaps, particularly by supporting legislative or regulatory amendments to broaden disciplinary committee composition and further strengthen public transparency of investigation and disciplinary outcomes.

Current Status: Review & Improve

The Jordanian Association of Certified Public Accountants (JACPA) has no direct responsibility for 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.

JACPA supports SMO 7 through implementation activities, including monitoring new and revised IFRS Accounting Standards, sharing available Arabic translations and technical updates, publishing standard-related developments, and encouraging members to participate in IFRS training offered by the International Arab Society of Certified Accountants (IASCA). JACPA also engages with universities to support incorporation of IFRS Accounting Standards into accounting education.

Jordan has also introduced sustainability reporting developments. The IFRS Foundation’s sustainability jurisdiction profile indicates that the Amman Stock Exchange climate-related disclosure framework permits listed companies to apply ISSB Standards and mandates climate-related disclosure requirements for ASE20 Index companies. JACPA should continue monitoring these developments and supporting member awareness of IFRS Sustainability Disclosure Standards as part of the revised SMO 7 scope.

Based on JACPA’s ongoing monitoring, member support, and engagement on corporate reporting developments, JACPA continues to sustain its fulfillment of SMO 7 requirements.

Current Status: Sustain