IFAC Dedicates Capacity Building Award to Professional Accountants in Emerging Economies

14 October 2016

Press release by IFAC - The International Federation of Accountants (IFAC) and its Chief Operating Officer, Alta Prinsloo, were honored to receive the Accountancy Capacity Building Champion of the Year Award at the 2016 The Accountant & International Accounting Bulletin awards.

IFAC’s Professional Accountancy Organization (PAO) Capacity Building Program supports the profession’s growth in the developing world, where the profession’s skills are vital to embedding transparency, credibility, and good governance into national economies.

IFAC CEO Fayez Choudhury said the IFAC is delighted to receive the award on behalf of PAOs and their members in emerging economies. “Their passion to grow and support their economies—and become sustainable, self-supporting PAOs—is an inspiration,” he said.

“Led by Alta and her team, IFAC’s capacity building work is made possible by local PAO enthusiasm, visionary funding provided by the UK Department for International Development (DFID), and our delivery partners—highly experienced PAOs from the UK, Ireland, and Kenya—whose on-the-ground experience makes them invaluable assets in helping grow our global profession.”

DFID-funded projects are currently operating in Ghana, Nigeria, Rwanda, Uganda, and Zimbabwe, with additional projects under active consideration. These projects are delivered in-country by a wide range of PAOs, including: Association of Chartered Certified Accountants, Chartered Institute of Public Finance and Accountancy, Institute of Chartered Accountants in England and Wales, Institute of Chartered Accountants of Scotland, Institute of Certified Public Accountants in Ireland, and Institute of Certified Public Accountants of Kenya.

IFAC’s capacity building award was collected by President Olivia Kirtley, who was separately honored with the The Accountant and International Accounting Bulletin’s Lifetime Achievement Award.

“With Olivia concluding her two-year term as IFAC president in November, her Lifetime Achievement award is a symbol of the remarkable career that preceded her presidency. As our president, she is an especially effective global ambassador for the profession. And at a time when the accountancy profession is making great progress in promoting women into leadership, Olivia has spent her career shattering glass ceilings and—most importantly—reaching back to help and encourage women following behind her,” Choudhury said.