IFAC Guidance encourages accountancy profession to engage accountants in business
The International Federation of Accountants (IFAC) released a guidance to assist professional accountancy organisations (PAOs) in strengthening engagement with accountants in business, the public sector and academia as a means to expand their reach, influence and contribution.
Titled ‘Engaging Professional Accountants in Business: How to Build a More Relevant PAO and Profession’, the guidance supports a stronger connection by incorporating these professional accountants into the PAO’s governance and decision-making structures. The guidance was developed as part of the PAO Capacity Building Series with the help of the IFAC Professional Accountants in Business Committee and includes a case study from the Institute of Chartered Accountants of Pakistan, a CAPA member.
CAPA recommends this guidance to member PAOs as a good source of reference since the connection between individual accountants across all sectors and the PAO is of utmost importance for the development of the profession. For more information and to access the guidance, visit the IFAC website at: http://www.ifac.org/news-events/2016-07/ifac-encourages-accountancy-profession-engage-accountants-business