INTOSAI Capacity Building Committee Annual Meeting September 19 2017 Realizing the Power of Professional Accountants International Federation of Accountants A Global Profession Established 1977 ID: 778562
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Fayezul Choudhury, Chief Executive OfficerINTOSAI Capacity Building CommitteeAnnual MeetingSeptember 19, 2017
Realizing the Power of Professional Accountants
Slide2International Federation of AccountantsA Global Profession
Established 1977
175
+ members organizations
130+ countries & jurisdictions3 million professional accountants in public and private sectors
Slide3IFAC serves the public interest and strengthens the accountancy profession by …Supporting the development of high-quality international standards
Promoting
the adoption and implementation of
those standards
Building the capacity of professional accountancy organizationsSpeaking out on public interest issuesA Global MissionInternational Federation of Accountants
Slide4A Wide RemitInternational Federation of Accountants
Slide5International Federation of Accountants
Building Trust. Inspiring Confidence.
Slide6Facilitating the processes of the independent international standard-setting boardsPromoting adoption of the international standardsSupporting implementation of the international standards
Building Trust. Inspiring Confidence.
IFAC’s Role in International Standard Setting
Slide7Rigorous due process under public interest oversight—quality, credible, globally accepted standardsFoster high-quality financial informationPromote trust in governmentsPromote confidence in financial marketsFacilitate regional and
international economic
integration
High-Quality International Standards
Building Trust. Inspiring Confidence.
Slide8Accountancy Education the FoundationBuilding Trust. Inspiring Confidence.
Slide9International Education Standards
International Education Standards
IES 1, Entry Requirements to Professional Accounting Education Programs
IES 2, Technical Competence
IES 3, Professional Skills
IES 4, Professional Values, Ethics, and Attitudes
IES 5, Practical Experience
IES 6, Assessment of Professional Competence
IES 7, Continuing Professional Development IES 8, Competence Requirements for Audit Professionals
Slide10Professional Accountancy Qualification Journey
Slide11Regional Distribution of DataDraft report covers 104 PAOs in 80 jurisdictionsGood regional distribution
Data collected
through IFAC Member
Compliance
ProgramReport updated annually
Slide12Slide13Slide14Slide15Slide16Build Trust. Inspire Confidence.Coordinate. Collaborate. Partner. For greater impact.
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