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February 24, 2011

IFAC issues a guide to CA body

The International Federation of Accountants (IFAC) and the professional accountancy organization development committee (PAODC) have issued a revised good practice guide on establishing and developing a professional accountancy body.

The guide is intended to support professional accountancy organisations in expanding and strengthening their role and responsibilities in representing the accountancy profession.

IFAC said the guide simplifies the original version that was published in 2005 and updated in 2007 and includes new case studies, practical illustrations and supplementary guidance.

 “Our committee and the guidance it provides helps newer professional accountancy organisations, and all of their development partners, along the path to building an effective, sustainable profession,” said PAODC chairwoman Deborah Williams.

 

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