The International Federation of Accountants (IFAC) awarded Marilyn A. Pendergast, CPA, the Sempier Award for outstanding contributions to the international accountancy profession. She is a senior partner with the accounting firm of UHY LLP and a member of the American Institute of Certified Public Accountants (AICPA). Ms. Pendergast is only the fourth person to receive this award, which was presented today at the 17th World Congress of Accountants in Istanbul, Turkey. She was selected from among nominations submitted by IFAC's 160 member bodies in 120 countries worldwide.

The award is named after Robert Sempier, the first chief executive of IFAC, who was also the recipient of the first award. Ms. Pendergast has a distinguished career within the profession and is recognized both nationally and internationally for her leadership on ethical issues. She served as a member of IFAC's Ethics Committee (now the International Ethics Standards Board for Accountants) for 10 years and was its Chair from 1999 to 2004. During this time, Ms. Pendergast led the committee in restructuring and updating the international IFAC Code of Ethics for Professional Accountants, including the adoption of a principles-based approach to independence, to ensure the Code's relevancy in the global marketplace. The Code of Ethics applies to all the 2.5 million professional accountants worldwide who are members of IFAC member bodies.

"Ms. Pendergast demonstrated her continuing commitment to the global profession through her leadership of IFAC's Ethics Committee during a time of renewed focus on ethics and independence," states IFAC President Fermín del Valle. "By listening to the perspectives of outside stakeholders and bringing together national viewpoints, she led the development of a code of ethics that is truly global. She has made a real and lasting contribution to the international ethics standards that we have today and which are vital to the accountancy profession's efforts to protect the public interest."

In addition to her service on the IFAC Ethics Committee, Ms. Pendergast served on the Ethics Committee of the AICPA for ten years, including four years as Chair. Within the AICPA, Ms. Pendergast has been an important advocate for understanding international issues in the United States. She is a past member of the AICPA's Board of Directors and its Council. She also served as the first female president of the New York State Society of Certified Public Accountants in 1994. Ms. Pendergast, who has close to 40 years of public accounting experience, is a partner with UHY LLP, a CPA firm in Albany, New York. She is a national leader of the firm's government, higher education and non-profit practices.

Today, Ms. Pendergast continues to support the development of the profession both nationally and internationally. She currently represents UHY International, a global network of firms, as a member of the IFAC Transnational Auditors Committee, which plays an important role in encouraging member firms to meet high standards of international practice. She is the Chair of the AICPA's International Strategy Committee and continues to make presentations on ethics issues throughout the world.

About IFAC

IFAC is the worldwide organization for the accountancy profession dedicated to serving the public interest by strengthening the profession and contributing to the development of strong international economies. IFAC's current membership consists of approximately 160 professional accountancy bodies in 120 countries, representing more than 2.5 million accountants in public practice, education, government service, industry and commerce. IFAC, through its independent standard-setting boards, sets international standards on ethics, auditing and assurance, education, and public sector accounting. It also issues guidance to encourage high-quality performance by professional accountants in business.

As part of its comprehensive program to enhance the clarity of international standards, the International Auditing and Assurance Standards Board (IAASB), an independent standard-setting board under the auspices of the International Federation of Accountants (IFAC), has issued three exposure drafts of proposed International Standards on Auditing (ISAs) that follow its new clarity drafting conventions. These exposure drafts form part of the IAASB's ambitious 18-month program to redraft existing standards and to develop new and revised standards following the new drafting conventions. The IAASB developed the new drafting conventions after extensive consultation with interested parties, including its Consultative Advisory Group and national auditing standards setters, on how to enhance the clarity of its pronouncements.

Key elements of the new drafting conventions include: basing the standards on objectives, as opposed to procedural considerations; using the word "shall" to identify requirements that the professional accountant is expected to follow in the vast majority of engagements; eliminating the present tense to describe actions by the professional accountant; and structural improvements to enhance the overall readability and understandability of the standards.

The following three proposed standards have been redrafted following the new drafting conventions:

• ISA 320 (Revised and Redrafted), Materiality in Planning and Performing an Audit;
• ISA 450 (Redrafted), Evaluation of Misstatements Identified during the Audit; and
• ISA 260 (Revised and Redrafted), Communication with Those Charged with Governance.

"The concept of materiality, the evaluation of misstatements identified during the audit, and high quality and relevant discussions between those charged with governance and the auditor are fundamental to an audit," explains IAASB Chairman John Kellas. "We believe that the proposed redrafted standards contain clear requirements and easy to understand application guidance in these very important areas."

How to Comment

Respondents are asked to comment on the application of the new drafting conventions only. Comments on all three exposure drafts are requested by February 15, 2007. The exposure drafts may be viewed by going to https://www.ifac.org/EDs. Comments may be submitted by email to EDComments@ifac.org. They can also be faxed to the attention of the Executive Director, Professional Standards at +1 (212) 286-9570 or mailed to IFAC, 545 Fifth Avenue, 14th Floor, New York, NY 10017, USA. All comments will be considered a matter of public record and will ultimately be posted of IFAC's website.

About the IAASB and IFAC

The objective of the IAASB, an independent standard-setting board within IFAC, is to serve the public interest by setting high quality auditing and assurance standards and by facilitating the convergence of international and national standards, thereby enhancing the quality and uniformity of practice throughout the world and strengthening public confidence in the global auditing and assurance profession. The Public Interest Oversight Board oversees the activities of the IAASB and, as one element of that oversight, establishes the criteria for its due process and working procedures. IFAC is the worldwide organization for the accountancy profession dedicated to serving the public interest by strengthening the profession and contributing to the development of strong international economies. Its current membership consists of approximately 160 professional accountancy bodies in 120 countries, representing more than 2.5 million accountants in public practice, education, government service, industry and commerce. In addition to setting international auditing and assurance standards through the IAASB, IFAC, through its independent standard-setting boards, sets international ethics, education, and public sector accounting standards. It also issues guidance to encourage high quality performance by professional accountants in business.

Leaders of accountancy institutes worldwide met in Istanbul, Turkey on November 9-13 to participate in the International Federation of Accountants' (IFAC) Board and Council meetings. The reins of the organization were turned over to new IFAC President Juan José Fermín del Valle of Argentina, and the Council approved the nomination of Robert L. Bunting of the United States as Deputy President. Each of these individuals will serve in their respective capacity through November 2008. In addition, the Council approved the appointment of five new members to the IFAC Board and the reappointment of three Board members to a second term.

Newly elected IFAC President Fermín del Valle emphasized his commitment to enhancing societies around the world by contributing to their economic growth and development. He encouraged Board and Council members to "lead by example" by following the highest ethical standards, urged IFAC's member bodies to collaborate with IFAC in serving the public interest, and called on member and regional accountancy bodies to join IFAC in its initiatives to develop the profession worldwide.

Supporting these goals, the IFAC Council approved an updated Strategic Plan that emphasizes the need for ongoing collaboration between IFAC and its member bodies and external stakeholders, calls for increased efforts for the development of the global profession, and outlines standard-setting priorities for the next two years.

"As part of our ongoing planning, we recognize that the profession should continue to look at the markets it serves - both within organizations and public practice - as well as the needs of these markets. We must be willing to be flexible and innovative to address these needs," states Mr. del Valle.

During the meeting, Developing Nations Committee Chair Ndung'u Gathinji announced the production of new French and Spanish language versions of the IFAC good practice guidance for the profession in developing nations, entitled Establishing and Developing a Professional Accountancy Body. The IFAC Council also approved a new constitution designed to modernize IFAC's approach to constitutional issues and to enhance specific aspects of governance. The Council also accepted the Certified Practicing Accountants Papua New Guinea as an associate of IFAC.

About IFAC

IFAC is the worldwide organization for the accountancy profession dedicated to serving the public interest by strengthening the profession and contributing to the development of strong international economies. IFAC is currently comprised of approximately 160 professional accountancy bodies in 120 countries, representing more than 2.5 million accountants in public practice, education, government service, industry and commerce. IFAC, through its independent standard-setting boards, sets international standards of ethics, auditing and assurance, education, and public sector accounting. It also issues guidance to encourage high quality performance by professional accountants in business.

IFAC Board Members (November 2006 - November 2007)

Juan José Fermín del Valle, President Robert Bunting, Deputy President United States Warren Allen, New Zealand * Yugui Chen, China ** Kevin Dancey, Canada * Roberto D'Imperio, Italy Ingrid Doerga, Netherlands * Ndung'u Gathinji, Kenya Charles Horstmann, United States Gen Ikegami, Japan David Leonard, United Kingdom ** Bernadette McGrory-Farrell, Ireland Ofer Minirav, Israel Joycelyn Morton, Australia William Nahum, France ** Norbert Pfitzer, Germany * Roberto Resa, Mexico * Haji Alias Abdul Samad, Malaysia Göran Tidström, Nordic Federation Charles Tilley, United Kingdom Kamlesh Vikamsey, India Sylvie Voghel, Canada

* New IFAC Board members as of November 2006

** IFAC Board members reappointed for a second term in November 2006

Effective codes of conduct are a key element of strong corporate governance and internal controls within businesses worldwide. Recognizing the critical role that professional accountants in business play in these areas, the International Federation of Accountants' (IFAC) Professional Accountants in Business (PAIB) Committee has issued draft new guidance to assist companies and their professional accountants in developing and implementing a code of conduct.

The proposed new good practice guidance, Defining and Developing an Effective Code of Conduct, highlights the varied roles of professional accountants in business in driving and supporting organizational ethics and conducting ethics programs. It also provides practical guidance on the design and development of such codes. "The goal of this proposed guidance is to support sound corporate governance practices globally," emphasizes PAIB Committee Chair Bill Connell. "This guidance is the first in a series of principles-based pronouncements that the PAIB Committee will be developing as part of a long-term work program."

The PAIB Committee previously issued an exposure draft on developing codes of conduct in January 2006. Following significant comments and suggestions received, the committee made extensive changes to the content of the guidance. In the new exposure draft, the committee is recommending an approach based on developing a values-based organization and a values-driven code. The aim is to promote a culture that encourages employees to "do the right thing" and allows them to make appropriate decisions. This exposure draft will serve as the foundation for the committee's long-term work program to develop principles-based pronouncements. A preface document and explanatory memorandum on developing these new pronouncements will be exposed for public comment in early 2007.

About IFAC

IFAC is the worldwide organization for the accountancy profession dedicated to serving the public interest by strengthening the profession and contributing to the development of strong international economies. IFAC's current membership consists of approximately 160 professional accountancy bodies in 120 countries, representing more than 2.5 million accountants in public practice, education, government service, industry and commerce. IFAC, through its independent standard-setting boards, sets international standards of ethics, auditing and assurance, education, and public sector accounting. Through its Professional Accountants in Business Committee, IFAC issues guidance to encourage high quality performance by professional accountants in business.

The International Federation of Accountants (IFAC) is seeking proposals for the development of an explanatory guide on implementing International Standard on Quality Control (ISQC) 1, Quality Control for Firms that Perform Audits and Reviews of Historical Financial Information, and Other Assurance and Related Services Engagements, for use by small and medium-sized practices (SMPs).The International Federation of Accountants (IFAC) is seeking proposals for the development of an explanatory guide on implementing International Standard on Quality Control (ISQC) 1, Quality Control for Firms that Perform Audits and Reviews of Historical Financial Information, and Other Assurance and Related Services Engagements, for use by small and medium-sized practices (SMPs).

The purpose of this guide is to help SMPs around the world understand, comply with, and apply ISQC 1. The purpose of ISQC 1, which became effective on June 15, 2005, is to establish standards and provide guidance regarding a firm's responsibilities for its system of quality control for audits and reviews of historical financial information, and other assurance and related services engagements.

"Assisting SMPs in understanding how to apply ISQC 1 is consistent with IFAC's objective of helping these entities to implement international standards and so perform high quality work," states IFAC Chief Executive Ian Ball. "We envisage the guide being of particular benefit to auditors in those countries where the profession is at an early stage of development, but we believe it will also be of value in developed countries."

The specifications for the Request for Proposal: Development of a Guide to Quality Control for Use by Small and Medium Practices are available on IFAC's SMP Committee's web page. The deadline for submission is 12:00pm (EST), December 29, 2006.

About IFAC

IFAC is the worldwide organization for the accountancy profession dedicated to serving the public interest by strengthening the profession and contributing to the development of strong international economies. Its current membership consists of approximately 160 professional accountancy bodies in 120 countries, representing more than 2.5 million accountants in public practice, education, government service, industry and commerce. IFAC, through its independent standard-setting boards, sets standards on auditing and assurance, ethics, education, and public sector accounting. It also issues guidance to encourage high quality performance by professional accountants in business.

The World Federation of Exchanges (WFE) formally endorsed the processes for establishing International Standards on Auditing (ISAs) at its General Assembly meeting in Sao Paolo, Brazil last week, viewing ISAs as key to the development of a globally uniform financial reporting system. ISAs are developed by the International Auditing and Assurance Standards Board (IAASB), an independent standard-setting board of the International Federation of Accountants (IFAC).

"WFE's endorsement of IFAC's structure of public oversight and the processes its public bodies have established for creating high quality global standards for audit work and assurance reviews is a critical advance for establishing the world's capital markets with constantly improving financial information," emphasizes WFE Secretary General Thomas Krantz. The WFE represents 57 securities and derivative markets that account for more than 97 percent of world stock market capitalization. Its endorsement provides important impetus for convergence to international standards, which is among IFAC's and the IAASB's most critical goals.

"We welcome this important endorsement of the ISA standard-setting process by the World Federation of Exchanges. It is a significant recognition of the quality of the ISAs and the important role they play in ensuring greater comparability of financial information for investors and facilitating cross border trade - both of which are critical to generating economic growth," states IFAC President Graham Ward.

The ISAs represent an integrated body of standards that provide direction on the actions and procedures the auditors need to perform and the judgments that need to be made to achieve the objective of an audit. ISAs are intended for use in all audits - publicly traded companies, private business of all sizes and government entities at all levels. They are increasingly being adopted worldwide; over 100 countries have adopted or incorporated ISAs into their national auditing standards or are using ISAs as a basis for preparing national auditing standards.

The IAASB, which meets in public, develops its standards following a rigorous and transparent due process. All proposed ISAs are exposed for public comment, and detailed project information is posted on its website (https://www.iaasb.org). The IAASB receives public interest input through public members that serve on the IAASB and from its Consultative Advisory Group* which is comprised of organizations, including the WFE, with an interest in the development of high quality international auditing standards. In addition, the Public Interest Oversight Board,** whose members are nominated by international regulators and organizations, provides public interest oversight of IAASB activities. All IAASB standards and guidance can be downloaded free-of-charge from the IFAC online bookstore: https://www.ifac.org/store.

About the IAASB and IFAC

The objective of the IAASB is to serve the public interest by setting high quality auditing and assurance standards and by facilitating the convergence of international and national standards, thereby enhancing the quality and uniformity of practice throughout the world and strengthening public confidence in the global auditing and assurance profession. The Public Interest Oversight Board** oversees the activities of the IAASB and, as one element of that oversight, establishes the criteria for its due process and working procedures. IFAC is the worldwide organization for the accountancy profession dedicated to serving the public interest by strengthening the profession and contributing to the development of strong international economies. Its current membership consists of approximately 160 professional accountancy bodies in 120 countries, representing more than 2.5 million accountants in public practice, education, government service, industry and commerce. In addition to setting international auditing and assurance standards through the IAASB, IFAC, through its independent standard-setting boards, sets international ethics, education, and public sector accounting standards. It also issues guidance to encourage high quality performance by professional accountants in business.

For the majority of public sector entities, the costs of employee benefits have a major impact on financial performance and financial position. To assist governments and other public sector entities in appropriately accounting for these benefits, the International Public Sector Accounting Standards Board (IPSASB) of the International Federation of Accountants (IFAC) has issued an exposure draft (ED) of a proposed new International Public Sector Accounting Standard (IPSAS), ED 31, Employee Benefits.

"The proposed standard will contribute to more transparent and consistent accounting for employee benefits, which is essential to ensure responsible financial reporting by governments and other entities," emphasizes IPSASB Chair Philippe Adhémar. "The significance ofemployee benefits for the vast majority of public sector entities cannot be overestimated. The ED's requirements that entities account for obligations under public sector defined benefit plans and, when appropriate, recognize liabilities related to those obligations are particularly notable and may lead to important changes in existing practice for many public sector entities globally."

ED 31 is based on International Accounting Standard (IAS) 19, Employee Benefits, and addresses the four categories of employee benefits dealt with in IAS 19:

• Short-term employee benefits;
• Post-employment benefits;
• Other long-term employee benefits; and
• Termination benefits.

The proposed standard also deals with a number of issues of specific relevance to the public sector, including:

• Determining the risk-free discount rate to be applied for discounting obligations arising from post-employment benefits;
• The treatment of post-employment benefits provided through composite social security programs; and
• Mechanisms for the orderly implementation of the proposed standard in the public sector.

This ED was developed in accordance with one of the IPSASB's key strategic aims: promoting convergence with International Financial Reporting Standards (IFRSs) where the requirements of IFRSs are applicable to the public sector. It is also critical to the IPSASB's work to improve the quality of financial information reported by public sector entities around the world.

How to Comment

The IPSASB has identified a number of issues of particular significance to the public sector and is particularly keen to obtain constituents' views on how the ED deals with these issues. Comment on these and other issues raised in the ED are requested by February 28, 2007. It may be viewed by going to https://www.ifac.org/EDs. Comments may be submitted by email to publicsectorpubs@ifac.org. They can also be faxed to the attention of the IPSASB Technical Director at +1 (212) 286-9570 or mailed to IFAC, 545 Fifth Avenue, 14th Floor, New York, NY 10017, USA. All comments will be considered a matter of public record and will ultimately be posted on IFAC's website.

About IFAC

IFAC is the worldwide organization for the accountancy profession dedicated to serving the public interest by strengthening the profession and contributing to the development of strong international economies. IFAC's current membership consists of approximately 160 professional accountancy bodies in 120 countries, representing more than 2.5 million accountants in public practice, education, government service, industry and commerce. In addition to setting international public sector financial reporting standards through the IPSASB, IFAC, through its independent standard-setting boards, sets ethics, auditing and assurance, and education standards. It also issues guidance to encourage high-quality performance by professional accountants in business.

The International Public Sector Accounting Standards Board (IPSASB) of the International Federation of Accountants (IFAC) is working to improve both the quality and uniformity of financial information reported by public sector entities around the world. In pursuit of this objective, the IPSASB has issued an exposure draft (ED) of a proposed International Public Sector Accounting Standard (IPSAS), ED 30, Impairment of Cash-Generating Assets. The majority of public sector entities globally operate for the purposes of delivering services to citizens.The IPSASB has already addressed assets which are held and operated primarily for the purposes of service delivery when it issued IPSAS 21, Impairment of Non-Cash-Generating Assets, in December 2004. ED 30 deals with cash-generating assets held and operated by public sector entities, which are not Government Business Enterprises.

"IPSAS 21 deals with the impairment of non-cash-generating assets and directed readers to International Accounting Standard 36 for guidance on the impairment of cash-generating assets. However, our constituents indicated that it would be useful if IPSASs included further guidance dealing with the impairment of cash-generating assets. The issuance of this proposed standard responds to that view," says IPSASB Chair Philippe Adhémar.

How to Comment

Comments on the ED are requested by February 28, 2007. It may be viewed by going to https://www.ifac.org/EDs. Comments may be submitted by email to publicsectorpubs@ifac.org. They can also be faxed to the attention of the IPSASB Technical Director at +1 (212) 286-9570 or mailed to IFAC, 545 Fifth Avenue, 14th Floor, New York, NY 10017, USA. All comments will be considered a matter of public record and will ultimately be posted on IFAC's website.

About IFAC

IFAC is the worldwide organization for the accountancy profession dedicated to serving the public interest by strengthening the profession and contributing to the development of strong international economies. IFAC's current membership consists of approximately 160 professional accountancy bodies in 120 countries, representing more than 2.5 million accountants in public practice, education, government service, industry and commerce. In addition to setting international public sector financial reporting standards through the IPSASB, IFAC, through its independent standard-setting boards, sets ethics, auditing and assurance, and education standards. It also issues guidance to encourage high-quality performance by professional accountants in business.

Continuing to combat poverty and develop stable economies remain two fundamental and interrelated challenges facing African nations according to participants representing 37 African countries at the Africa Region Learning Workshop held in Nairobi, Kenya on September 28 and 29. Sponsored by the African Development Bank and co-sponsored by the World Bank and the International Federation of Accountants (IFAC), the Workshop attracted over 200 participants, including representatives of the accountancy profession, governments, donor community, and academia. Discussions focused on achieving quality financial reporting, the needs of the accountancy profession in the region, the role of the government in accountancy and accountancy development, and the importance of sustaining good governance and ethics.

Participants contributed pan-African recommendations to:

• Reform and strengthen institutional frameworks for corporate reporting;
• Build accountancy capacity in the private and public sectors, including the development of established educational guidelines for accounting technicians;
• Establish contact and begin development of the accountancy profession in those African countries where the profession is not yet established;
• Assist regional and national professional bodies to access donor funds; and
• Support the "Nairobi Declaration", signed by over 30 professional bodies, which calls for the creation of a Pan-African Federation of Accountants.

"This Workshop represents the first major collaborative effort between IFAC and development agencies to address the development of the accounting profession on the African continent. It is essential that the organizations represented at the Workshop work together to address the recommendations that have been put forth," says Ndung'u Gathinji, Chairman of the IFAC Developing Nations Committee.

One of the major outcomes of the Workshop was the establishment of an Africa Focus Group which will coordinate dissemination and follow-up activities for the recommendations identified at the Workshop. The Africa Focus Group will have representatives from the African Development Bank, the World Bank, IFAC, the Eastern Central and Southern African Federation of Accountants, the Association of Accountancy Bodies of West Africa, and the Fédération Internationale des Experts-Comptables Francophones.

Russell Guthrie, IFAC Director, Quality Assurance and Member Body Relations, commented, "This Workshop is a vital part of IFAC's efforts to support economic development in Africa and to strengthen professional accountancy bodies. IFAC's Developing Nations Committee will be focusing a significant portion of its efforts on mentoring and guiding the establishment and strengthening of professional accountancy bodies in the 33 African countries where IFAC is not currently represented."

About IFAC

IFAC is the worldwide organization for the accountancy profession dedicated to serving the public interest by strengthening the profession and contributing to the development of strong international economies. IFAC's current membership consists of approximately 160 professional accountancy bodies in 120 countries, representing more than 2.5 million accountants in public practice, education, government service, industry and commerce. IFAC, through its independent standard-setting boards, sets international standards on ethics, auditing and assurance, education, and public sector accounting. It also issues guidance to encourage high-quality performance by professional accountants in business.

The International Federation of Accountants (IFAC) has collaborated with its member organizations to develop IFACnet - A KnowledgeNet for Accountants in Business. This new global resource will provide one-stop access to leading-edge articles, good practice guidance, and tools and techniques for accountants employed in commerce, industry, the public sector, education, and the not-for-profit sector.

"Many of our member bodies develop high quality guidance and other materials that can assist professional accountants in business in keeping up with the changing environment in which they operate, maintaining their skills, and making informed decisions," states IFAC Chief Executive Ian Ball. "This new resource, developed under the leadership of our Professional Accountants in Business (PAIB) Committee, facilitates the sharing of that information among IFAC's 160 member organizations and professional accountants worldwide."

"Users of IFACnet will find relevant information on a wide range of financial and management accounting topics, including strategy, budgeting and planning, corporate governance, risk management, and professional development emphasis," points out Bill Connell, Chair of the IFAC PAIB Committee.

Thirteen accountancy organizations (see below) together with IFAC currently participate in the KnowledgeNet by sharing their electronic resources through IFACnet; others will be coming on board in the coming months. In addition, during the first quarter of 2007, the KnowledgeNet will be expanded to serve the needs of small and medium practices and, by the end of 2007, will offer customized information for broader audiences of accountants.

IFACnet uses advanced technology specifically tailored to the accountancy profession. It carefully indexes, filters and sifts all the best and most relevant items of information available for accountants in business worldwide so they can be delivered on demand to IFACnet.com users. The technology supporting IFACnet has been developed by Indez, a software company based in Glasgow, Scotland. It features an enterprise search engine that is based on patented search technology. There is no fee to use IFACnet, although certain search results may identify documents or publications available for purchase.

About IFAC

IFAC is the worldwide organization for the accountancy profession dedicated to serving the public interest by strengthening the profession and contributing to the development of strong international economies. IFAC's current membership consists of approximately 160 professional accountancy bodies in 120 countries, representing more than 2.5 million accountants in public practice, education, government service, industry and commerce. IFAC, through its independent standard-setting boards, sets international standards on ethics, auditing and assurance, education, and public sector accounting. Through its Professional Accountants in Business Committee, IFAC also issues guidance to encourage high-quality performance by professional accountants in business.

Notes:
* Media are invited to use this new resource and comments are welcomed. ** Quotes from Chief Executives and other representatives of accountancy organizations worldwide are attached.

IFAC Member Bodies Providing Resources for IFACnet
American Institute of Certified Public Accountants
Association of Chartered Certified Accountants
Chartered Institute of Management Accountants
CMA Canada
CPA Australia
Hong Kong Institute of Certified Public Accountants
Institute of Certified Public Accountants in Ireland
Institute of Chartered Accountants in England & Wales
Institute of Chartered Accountants in Ireland
Institute of Chartered Accountants of India
Institute of Management Accountants
Koninklijk Nederlands Instituut van Registeraccountants (Royal NIVRA)
Malaysian Institute of Accountants