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.

Auditing and Investment Decision Making

The original auditing profession objective is to provide an independent opinion regarding management assertions embodied in the financial statement(s). Decision makers, whether in private or public sector, should avoid committing themselves to strategic or tactical decisions unless they go through the audited financial statement(s). Thus the economy should have a well-developed auditing profession to be healthy one. I believe that a perceived healthy economy where the auditing profession is almost nonexistent is not necessarily sustainable and growing one.

The dilemma is how we can educate the stakeholders about the importance of the auditing profession role in the investment decision making processes?

Auditing and Accounting

Auditing and Accounting

This is a professional effort that utilizes the third revolution: Information Technology to bring about changes to the unhealthy professional environment in the occupied Palestine. All academicians, professionals and interested stakeholders are invited to join our efforts whether they are directly or indirectly affected by the poor accounting and auditing environment in Palestine. Palestinians, Arabs and any other global interested parties are welcomed.

The objectives we seek are primarily to improve the accounting and auditing practices in Palestine, enhance corporate governance and transparency, increase the likelihood of business successes and minimize waste. These are goals that each profit seeking and nonprofit entities will benefit from. We do NOT intend to defame any person or entity in Palestine. Yet, we will state what is, in our opinion, right and changes needed to achieve these objectives.

Is there an auditing or accounting profession in Palestine?

I think the Israeli occupation is a source of several problems in Palestine. But don't you think that accounting curriculum in the universities is not matched with what the market needs or expects from our graduates?

Your feedack is highly appreciated and really needed to help Palestine.