Monitoring Group will assess IFAC reforms
11 Aug 2009
The Monitoring Group that oversees the governance of the International Federation of Accountants (IFAC) has begun a review of the effectiveness of the reforms to the governance of IFAC that were put in place in 2003. The objective of those reforms was to increase confidence that IFAC's activities are properly responsive to the public interest and will lead to the establishment of high quality standards and practices by the International Auditing and Assurance Standards Board (IAASB), the International Ethics Standards Board for Accountants (IESBA), and the International Accounting Education Standards Board (IAESB).