Collective Investment Vehicles and Pension Funds - Auditor Independence
The objectives of the project team are to:
The objectives of the project team are to:
Executive Director
Mr. Jamal Milhem has joined the IFAC PAO Development & Advisory Group (PAOD&AG) in January 2018 for the first term 2018-2020 and was reelected for the second term 2021-2023.
Mr. Milhem is currently the Executive Director and a partner of TAGI in Palestine and a member of the TAGORG Executive Management Council from 2015-2022 (TAGI is an International Audit firm, Member of FOF and one of TAGORG firms with more than 100 offices worldwide). He has more than 30 years of experience in public accounting and advisory services in different countries in TAGI and TAGORG. In addition, he has more than 8 years of experience in higher education in different universities in Palestine related to teaching and development of accounting education programs.
Mr. Milhem has joined the Palestinian Association of Certified Public Accountants (PACPA) in 1997 (PACPA is a national PAO and an IFAC member), and he has been serving as a board member since 2003. He was elected as vice-president of PACPA from 2010 to 2016, reelected as a vice president since 2018-2020 and elected as PACPA president for the years 2021-2022. He also chaired different committees in the PACPA such as the Code of Ethics Committee and the Quality Assurance Committee. Furthermore, he has been elected as a board member of IASCA since 2011, (IASCA is an accounting organization working across the MENA region and an IFAC member). Mr. Milhem was a member of the American Institute of Certified Public Accountants, AICPA – Montana State (USA) from 2000 till 2011. Mr. Milhem also served as a member of many other national professional committees, e.g., National Team for AML and risk assessment, National Palestinian WTO Accession Team, Steering Committee for National Team for Transparency and licensing committees in the Palestinian Capital Market Authority i.e., financial analyst, financial consultant, investment consultant and IPO manager.
Mr. Milhem has earned his Bachelor’s degree in accounting and auditing in 1992, and his Master degree in business administration in 1994 from the University of Poona, Symbiosis College, India. He joined a PHD Accounting and Finance program in the Arab American University, Palestine in 2022. He has obtained his CPA certification from the Montana State Board of Public Accountants – USA in 1998.
Technical Advisor for Liang Yang
China
Mr. Qiang Zhang became the technical advisor for Liang Yang on December 2023.
He is currently serving as the senior technical staff of Accounting Regulatory Department, the Ministry of Finance, China, responsible for setting Chinese government accounting standards.
Mr. Zhang started his career in the Ministry of Finance in 2020, and he actively participated in government accounting standard reform in China.
Mr. Zhang graduated from Renmin University of China with a Ph.D in management (accounting major).
Japan
Lebanon
Roger is the Secretary General of the Lebanese Association of Certified Public Accountants (LACPA). A distinguished professional in accounting and academia, he boasts extensive expertise in taxation, PFM, IPSAS, and IFRS. As a seasoned higher education lecturer, he has held notable positions throughout his accomplished career at the Lebanese Ministry of Finance, including Head of Department at the VAT Directorate and Head of the IPSAS Committee. His pivotal role in formulating VAT policies in the region has left a lasting impact.
Beyond his governmental role, Roger served as the Director of the Finance Center of Excellence at Health Holding Company in Saudi Arabia, providing crucial advisory support on finance transformation. Academically, he earned a "Very Honorable" Ph.D. in Management Science from Picardie Jules Verne University with unanimous jury congratulations and holds a comprehensive array of ACCA certifications, showcasing his commitment to continuous learning.
He also holds the prestigious role of a TADAT assessor. His professional designations include Certified Internal Auditor (CIA) by The Institute of Internal Auditors (IIA). His contributions extend to literature, with numerous publications, and he has served as a Subject-Matter Expert with ACCA since 2018.
Roger became a member of IPAE in January 2024.
Korea
Brazil
Since January 2024 Professor Cornacchione has been a member of the IPAE, nominated by the Federal Council of
Accountants (CFC, Brazil).
A licensed accountant with independent auditor and court-expert credentials, he is a Full Professor at the University of
Sao Paulo, where he acts as the Comptroller-General. He holds two PhDs: one in Accounting (USP) and another in
Human Resource Development (UIUC, USA). A total of 39 graduate students have worked under his advisory (17
Doctoral and 22 Master's level). He is a council member of the IAAER and a member of the AAA Doctoral Consortium
Committee.
He was the Head of the Department of Accounting at USP and was the Director of the Brazilian Accounting Association
(ANPCONT). Recent professional activities include being the President of the Accounting Research Foundation
(FIPECAFI), Board Member and Chairman at the Accounting Research Foundation (FIPECAFI), Board Member at the
Brazilian Accounting and Sustainability Standards Board Foundation (CPCS), and member of the Fiscal Board at the
Innovation Incubator Center (CIETEC).
He received a medal from the Accounting Professional Body (CRC-SP), was appointed Emeritus Accountant by the
Professional Accountant Union (SINDCONT-SP), and is a lifetime member of both the Brazilian Academy of Accounting
(ABRACICON) and Sao Paulo State Academy of Accounting (APC). He is the recipient of the AAA-Academy of
Accounting Historians "2016 Education Innovation Award".
Pakistan
India
CA. Ranjeet Kumar Agarwal is a member of the International Panel of Accountancy Education (IPAE) from January 2024. He has been nominated by the Institute of Chartered Accountants of India (ICAI).
He is currently the President of the ICAI and has been associated with the Institute since 2016 as its Council Member and served as Chairman and Vice Chairman of various important Committees of ICAI.
He has played a pivotal role in the successful implementation of initiatives such as UDIN and Bank Branch Audit Allocation Software, marking significant milestones for the Institute. Furthermore, his instrumental role in extending UDIN implementation to SAARC countries underscores his global impact. Mr. Agarwal's tenure as the Chairman of the Ethical Standards Board saw the formulation of a new Code of Ethics after a decade, a testament to his expertise and commitment to upholding ethical standards within the profession.
Under his guidance, the ICAI Policy of Centre of Excellence was approved, proposing establishment of 9 more COEs across India to help maximize the utilization of these centers and ensure the profession's continued growth through research and skill development activities.
Currently, he is also the Board member of SAFA (South Asian Federation of Accountants). Also, he represents ICAI on the Integrated Reporting and Connectivity Council (IRCC) and Board meetings of the Pan African Federation of Accountants (PAFA) and ASEAN Federation of Accountants (AFA).
CA. Ranjeet Kumar Agarwal is a practicing Chartered Accountant since last 24 years. He graduated from the prestigious Calcutta University. He is also a Company Secretary & DISA from ICAI.