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Realizing the Power of Professional Accountants

Realizing the Power of Professional Accountants. Fayezul Choudhury, Chief Executive Officer INTOSAI Capacity Building Committee Annual Meeting September 19, 2017. International Federation of Accountants. A Global Profession. Established 1977 175 + members organizations

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Realizing the Power of Professional Accountants

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  1. Realizing the Power of Professional Accountants Fayezul Choudhury, Chief Executive Officer INTOSAI Capacity Building Committee Annual Meeting September 19, 2017

  2. International Federation of Accountants A Global Profession • Established 1977 • 175+ members organizations • 130+ countries & jurisdictions • 3 million professional accountants in public and private sectors

  3. International Federation of Accountants A Global Mission • IFAC serves the public interest and strengthens the accountancy profession by … • Supporting the development of high-quality international standards • Promoting the adoption and implementation of those standards • Building the capacity of professional accountancy organizations • Speaking out on public interest issues

  4. International Federation of Accountants A Wide Remit

  5. International Federation of Accountants Building Trust. Inspiring Confidence.

  6. Building Trust. Inspiring Confidence. IFAC’s Role in International Standard Setting • Facilitating the processes of the independent international standard-setting boards • Promoting adoption of the international standards • Supporting implementation of the international standards

  7. Building Trust. Inspiring Confidence. High-Quality International Standards • Rigorous due process under public interest oversight—quality, credible, globally accepted standards • Foster high-quality financial information • Promote trust in governments • Promote confidence in financial markets • Facilitate regional and international economic integration

  8. Building Trust. Inspiring Confidence. Accountancy Education the Foundation

  9. International Education Standards

  10. Professional Accountancy Qualification Journey

  11. Regional Distribution of Data • Draft report covers 104 PAOs in 80 jurisdictions • Good regional distribution • Data collected through IFAC Member Compliance Program • Report updated annually

  12. Build Trust. Inspire Confidence. Coordinate. Collaborate. Partner. For greater impact.

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