Poor Licensing Public Accountants (External Auditors)

It is really sad to see too many licensed public accountants in Palestine whose knowledge is not only obsolete, but also are not university graduates or even not majoring in accounting.

The licensing authority and the government must not keep silent at this professional crises.

Economic development, the NGOs, development of the profession and the foreign direct investment will negatively and significantly be affected at any point in time. Thus, let us be ready and proud that we have a profession that we are active members in it locally, regionally and internationally.

I do not have any doubt that there are many professionals, many of them are either my teachers or colleagues, who share me these thoughts.

Your feedback is highly valued and appreciated.

Risk Based Auditing and Materiality

I hear more often than ever business people and other auditing professionals talk about risk- based auditing. What makes me feel sad is when I find several businessmen and some of those professionals do not appreciate enough the full meaning and the professional implications of such an audit strategy and approach. I do still recall the misuse of the materiality concept in auditing by those who claim they are auditors; specifically in the Arab countires.