IFAC Member Body Compliance Program Strategy exposed for comment
16 Mar 2011
The Compliance Advisory Panel (CAP) has released for comment the International Federation of Accountants' (IFAC) Proposed Member Body Compliance Program Strategy 2011-2014. .
The IFAC Board established the Compliance Program and the Compliance Advisory Panel (CAP) in November 2003 as part of the so-called 'IFAC reforms'. The primary emphasis of the Program is to encourage continuous improvement by professional accountancy organisations through an ongoing assessment of their commitment to use best endeavours to adopt and support implementation of international financial reporting, auditing, ethical, education, and public sector accounting standards as well as to operate or otherwise support robust quality assurance and investigation and disciplinary mechanisms.
Comments on the paper are requested by 30 May 2011. Click for IFAC press release (link to IFAC website).