IFAC issues call for PAO capacity-building partners

14 October 2016

Press release by IFAC - In the ongoing effort to decrease the gap between the global need for accountancy talent and available, high-quality professional accountants, the International Federation of Accountants (IFAC) today issued its annual Call for Expressions of Interest for organisations wishing to partner in professional accountancy organisation (PAO) capacity-building efforts. This Call for Expressions builds on IFAC’s commitment to strengthen the accountancy profession and PAOs.

IFAC invites organisations to indicate their interest in providing PAO capacity-building services under a UK Department for International Development (DFID) funded program. In 2014, IFAC and DFID, which leads the UK’s work to end extreme poverty, entered into an agreement to strengthen PAOs in emerging economies. Under the agreement, DFID is providing £4.935 million over seven years to strengthen PAOs in at least 10 DFID focal countries to play a greater role in furthering economic development. Projects are currently underway in Ghana, Nigeria, Rwanda, Uganda, and Zimbabwe. IFAC facilitates, coordinates, and supervises these projects to strengthen developing PAOs.

Interested organisations need to demonstrate that they have the required qualifications and relevant experience to execute projects and perform the needed services. Based on information in the Expressions of Interest, the PAO Capacity Building Program’s Independent Selection Panel will evaluate interested organisations and select eligible organisations for the database. In the future, eligible organizations may be invited to bid on specific projects.

All types of organisations are welcome to express interest, but the majority of projects under the PAO Capacity Building Program require establishing ongoing peer-to-peer partnerships between the delivery partner and the beneficiary organisation. Individual consultants may also express interest, but will not be included in the database of potential partner organisations and will only receive information relating to smaller, specific projects fitting with their particular expertise.