IFAC's 2005 annual report

  • IFAC (International Federation of Accountants) (lt gray) Image

23 May 2006

The International Federation of Accountants has published its Annual Report for 2005 (PDF 2,046k).

Among IFAC's most notable accomplishments for 2005 are:
  • Strengthening of its standard-setting processes including establishment of the Public Interest Oversight Board (PIOB) and establishment and expansion of Consultative Advisory Groups for IFAC standard-setting boards
  • Development of good practice guidance to help developing nations build accounting capacity.
  • Release of an updated international Code of Ethics for Professional Accountants.
  • Progress on developing a global electronic knowledge resource for professional accountants in business
  • Successful implementation of Part 1 of the IFAC Member Body Compliance Program, which provides comprehensive information about the regulatory and standard-setting frameworks in countries around the world

Correction list for hyphenation

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