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CONDITIONS OF MEMBERSHIP OF ASSOCIATION COMMITTEES,

PERFORMING TESTS FOR COMMITTEE’S MEMBERS

COMMITTEES DIVISIONS AND THEIR SPECIALIZATIONS

§ The Board of Directors shall compose committees of the Association Members for achieving the objectives of the Association as stated in article three of the Articles of Association, provided the number of committee members is not less than three and does not exceed ten. The Board shall decide the optimum number within the specified limits.

§ Members of the committees should fulfil the following conditions:

1. To pay membership fees.

2. Not to be a member of any committee in another Association with identical or similar objectives.

§ Following up the procedures concerning the nomination and selection of members of Association committees.

1. A member willing to join any committee should register his name with the secretary of the Association upon announcing the opening of nomination for membership of the committees.

2. A member can join more than one committee of the Association.

3. If the members willing to join any committee exceeded the maximum limit for that committee, the Board of Directors shall have the right to select from the registered members.

The Committees of the Association are divided into two categories:

- Permanent Committees.

- Ad hoc committees.

FIRST: PERMANENT COMMITTEES:

A. The Legal Committee:

CONCERNS

1. Providing assistance in the issues relevant to all legislations affecting the professions and considering all the issues referred to it by the Board of Directors or the General Assembly.

2. Consideration of any dispute of professional nature that arises between members of the Association and referred to it by the Chairman or the secretary. Arbitration in issues referred to it subject to the consent of the concerned parties or by one of the Association members.

3. Consideration in any complaint filed against any member or non-member for violation of the professions code. If it is proved that violation took place, the committee has to obtain all facts, prepare a detailed and comprehensive report of the conclusions reached and its recommendations and submit the same to the Board of Directors of the Association for action.

B. Cultural and Social Committee:

CONCERNS

1. Organizing or participating in the organization of symposiums and lectures, and supervising the same. The association may in this concern cooperate with all governmental and non-governmental organizations in profession related issues.

2. Providing members with information related to the development of the profession of accounting and encouraging them to exchange it among them. Preparing periodical publications and field studies to upgrade the cultural level of the members.

3. Establishing a library for the Association that comprises books, magazines, and periodicals related to Accounting and Auditing as well as other relevant fields like economy and law.

4. Organizing celebrations and trips for members of the Association to enhance social relations among them.

5. Seeking means to encourage members and their families to visit the Association and meet therein.

6. Issuing an annual guide of the Association.

C. The Training Committee:

ITS MISSION

Developing professional culture and expertise in the field of accounting.

CONCERNS

1. Providing training and practical courses in accounting specializations for different governmental and private bodies pursuant to the latest training techniques.

2. Performing studies and researches, rendering consultancy, and exchanging experiences in this field in enhancement of practical application and professional specialization.

3. Working through the above mentioned procedures on unification of accounting definitions, concepts and principles, their settlement and setting them into application by contacting scientific and professional organizations as well as Arab and international universities.

4. Consideration of the idea of establishing a professional Association for Auditors of Saudi Arabia, Bahrain, Qatar, Emirates and Oman with the objective of maintaining the ethics of the profession and developing it in the region, provided it submits its recommendations in this regard to the Board to decide thereon.

5. The committee is entitled to obtain the help of any other party as it deems appropriate for performing its works.

D. Studies and Research Committee:

CONCERNS

1. Performing profession related studies and researches and participating in providing consultancy for entities cooperating with the Association.

2. Preparing necessary researches for participants in the conferences of the General Federation of Arab Accountants and Auditors, and evaluating the researches submitted by Association members for the same purpose.

3. Providing necessary consultations based on the request of the Board in the subjects it specifies.

4. Cooperating with other organizations in performing researches like Kuwaiti University, Arab Planning Institute, Kuwait Institute for Scientific Researchs. Etc for performing detailed researches in the field of the profession.

5. Engaging the maximum number of the members of the Association in performing researches and studies as a training practice of the member and obtaining their assistance in this field.

E. Magazine Committee:

Member of this committee represent its editorial stuff.

CONCERNS

Preparing and following up the issuance of the academic magazine issued by the Association, which is concerned with the development of accounting thought, encourages and sponsors academic research in the field of accounting.

F. External Auditors Committee:

Composed of a number of Auditors who are members of the Association, working auditors, in addition to at least two Board Members.

CONCERNS

Studying all issues related to practicing the profession, including development of the professional level, studying the obstacles it confronts, setting scientific and practical solutions thereof, providing auditors with new decisions related to the profession and its practitioners.

SECOND: AD HOC COMMITTEES:

The Board of Directors is entitled to compose ad hoc committees as needed, which shall be dissolved upon completion of its mission.

§ If a member is absent for three consecutive meetings of the committee in which he is a member without an acceptable excuse, he shall be considered as resigned.

§ The Board of Directors is entitled to dissolve any committee if it believes that the committee did not perform the objectives for which it was formed.

§ A committee meeting shall not be considered as legal but with the attendance of three of its members at least, including its head or secretary.

§ Any committee may seek the help of experts if its work so requires.

Among the ad hoc committees formed by the board of directors are:

1. The Development Committee

2. The Domicile Committee:

3. Accountants Compensations Committee

4. Accounting Students Committee.

5. Internal Audit Committee.