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.
