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Richard Mallett Director Technical Development

Richard Mallett Director Technical Development. International Federation of Accountants. IFAC Resource Center – October 2005. Professional Accountants in Business Committee. BACKGROUND Response to Member Body feedback. PAIB Mission:

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Richard Mallett Director Technical Development

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  1. Richard Mallett Director Technical Development

  2. International Federation of Accountants IFAC Resource Center – October 2005

  3. Professional Accountants in Business Committee

  4. BACKGROUNDResponse to Member Body feedback • PAIB Mission: • To enable IFAC to uniquely add value to professional accountants in business • PAIB Strategic objective: • To facilitate communication and sharing of knowledge between IFAC member bodies

  5. NEW WAY OF WORKING – STAGE 2

  6. IFAC RESOURCE CENTER PROJECTVision • Unique and comprehensive information tool for PAIBs

  7. IFAC RESOURCE CENTER PROJECTObjective • Centralize relevant professional resources: • IFAC member body material • Other targeted sources of pertinent information

  8. IFAC RESOURCE CENTER PROJECTOutput • Website tailored to PAIB needs: • Search platform (mini Google for PAIBs) • Other community features such as • News section • Hot topics

  9. IFAC RESOURCE CENTER PROJECTRationale • Facilitates communication & sharing of professional knowledge • Fills the gap - no global online centralized resource for PAIBs • Addresses changing knowledge requirements of PAIBs - dynamic solution • Optimum solution given resource constraints

  10. PROJECT PROGRESSPhase 1 – Proof of concept • Phase 1 - January to June 2005 • Limited scope project to test viability – $50k • Comprehensive evaluation by 7 member bodies and IFAC • Successful proof of concept • Approval by IFAC Board July 2005 to continue project

  11. PROJECT PROGRESSCurrent Status • Initiation of Phase 2A – Resolution of Phase 1 issues • Expected completion January 2006 • Report and recommendation to be put to IFAC Board Meeting February 2006

  12. Alex Hilman ICPAS Israel Ashok Haldia ICAI India Bill Connell CIMA UK (chair) Bill Brower IMA USA Bill Langdon CMA Canada Brian Kearney ICAI Ireland Chris Jackson ICAEW UK Edward Chow HKICPA Paul Thompson IFAC Rajkumar Adukia ICAI India Richard Mallett CIMA UK Robin Mathieson IFAC John Petty CPA Australia Stephen Walker IFAC STEERING COMMITTEE

  13. FURTHER INFORMATION • Robin Mathieson, PAIB Technical Manager: robinmathieson@ifac.org • Anne-Marie Ellison, Project coordinator: ellison@ifac.org

  14. International Federation of Accountants

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