JSC Meets the New Board of the Jordan Association of Certified Public Accountants

Chairman of the Jordan Securities Commission (JSC) Dr. Bassam Saket received the Chairman, Deputy Chairman & Members of the Board of Directors of the Jordan Association of Certified Public Accountants (JACPA) at (JSC) headquarters.  The meeting aims to enhance continuity & interaction between the (JSC) & the new (JACPA) Board of Directors.
The (JSC) emphasized the important roles played by auditors & (JACPA). It is the (JSC) responsibility to implement the International Accounting & Auditing Standards, whereas it is the auditor role to have professional & neutral opinions regarding financial data fairness of companies. The meeting is essential, for it enhances coordination & continuation with the (JACPA) to elevate (JACPA) contribution to protect shareholders rights & investment in Jordan.
The meeting stressed the practical partnership between the (JSC) as a supervisory entity & the (JACPA) to protect the interests of companies & shareholders. The (JSC) believes in preserving the independence of auditors & calls it a ‘Noble Request’ that enhances the auditors’ neutrality & protects him from any interferences affecting his work by some companies managements. The (JSC) believes in the importance of this partnership since it protects the interests of Public Shareholding Companies listed in the Amman Stock Exchange (ASE) & companies subject to its supervision. 
The (JSC) welcomed the new Board of the (JACPA) & its directions that aim to enhance quality of internal training intended for auditors & to protect them to enhance surveillance & partnership with the (JSC) to achieve the Rule of Law. It is worthy to mention, that Article (12) of the Securities Law gives the Commission the authority to set standards & eligibility conditions required for auditors qualified to audit the accounts of Public Shareholding Companies listed in the (ASE) & companies subject to the Commission’s surveillance.
 
The (JSC) Board of Commissioners greeted the Board of the (JACPA) & indicated that we are proud of the profession of auditors, their participation to elevate it & their efforts to export highly experienced professionals to nearby countries, where many Jordanians currently work. This is due to the good quality of auditors we have, the availability of sound Professional Codes of Conduct & the Instructions of Corporate Governance that are well perceived in our national economy by companies & auditors.
The meeting was attended by (JSC) Members of the Board of Commissioners & concerned directors, as well as by Mr. Hatem Al-Qawasimi the new Chairman of the (JACPA) & its Board Members.