The document discusses IFAC's strategy and research activities from 2016-2018. It provides an overview of IFAC, including key facts about growth in PAO membership and employment. IFAC's strategic objectives are outlined, which include developing high-quality international standards, supporting the global accounting profession, and advocacy. IFAC's research objectives are to provide evidence to support policy positions, undertake projects to inform future strategy, and disseminate international perspectives. Areas of future research focus are also mentioned.
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IFAC Strategy 2016-2018 & Research
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IFAC STRATEGY 2016-2018 &
RESEARCH
Alta Prinsloo
IFAC Executive Director, Strategy
and Chief Operating Officer
American Accounting Association,
International Accounting Section,
Midyear Meeting
New Orleans, February 19, 2016
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IFAC Overview
Strengthening Organizations, Advancing Economies
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• IFAC PAO members grew
16% from 2.4m to 2.8m
• Europe had the greatest
number of IFAC PAO
members
• Employment of IFAC PAO
Members:
• 45% Business & Industry
• 45% Public Practice
• 7.9% Public Sector
• 2.1% Academia/Education
Nexus 1 The Accountancy Profession
Behind the Numbers
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• Economic development and
improved living standards
are linked to a robust
accountancy profession
• The economic contribution of
the global accountancy
ecology is $575 billion; IFAC
PAO members contribute
$248 billion
• Biggest contributions from
Europe and North America
Nexus 2 The Accountancy Profession
A Global Value-Add
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IFAC 2016-2018 Strategic Plan
Charting the Future of the Global Profession
Unique Strengths
• Natural Facilitator
• Trusted Intermediary
• Credible Knowledge
Convener
• Influential Voice
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IFAC 2016-2018 Strategic Plan
Charting the Future of the Global Profession
Strategic Objectives and Activities
• Facilitating the development of
high-quality international standards
• Global Accountancy Profession
Development
• Quality and Membership
• Global Accountancy Profession
Support
• Global Representation and
Advocacy
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IFAC Oversight and Consultation
Transnational
Auditors
Committee
Professional
Accountancy
Organization
Development
Committee
Professional
Accountants
in Business
Committee
Small and
Medium
Practices
Committee
Forum
of Firms
Planning
and Finance
Committee
Audit
Committee
Nominating
Committee
IFAC
COUNCIL
IFAC
BOARD
Governance
Committee
Public Policy
and Regulation
Advisory
Group
Compliance
Advisory Panel
International
Auditing and
Assurance
Standards
Board
International
Accounting
Education
Standards
Board
International
Ethics
Standards
Board for
Accountants
International
Public Sector
Accounting
Standards
Board
Consultative
Advisory
Group
Consultative
Advisory
Group
Consultative
Advisory
Group
Public
Interest
Oversight
Board
Monitoring
Group
Consultative
Advisory
Group
Public
Interest
Committee
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• Robust evidence to support
IFAC policy positions and
inform SSBs
• Undertake projects to inform
future strategy
• Disseminate international
perspectives and spread
best practice e.g., Global
Knowledge Gateway
Research Insights – “Bridge
the Gap”
IFAC Research Objectives
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• IFAC Research Center established with the University of
Dayton in 2014 – Acts as ‘hub’
• Projects include:
– 2014 & 2015 Global SMP Surveys
– Compilation and summary of research on professional
skepticism (IAASB)
– Literature reviews—The Role of SMPs Providing Business
Support to SMEs and Accessing Accountancy Expertise and
Business Performance
IFAC Research Center
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1) Evidence base to support international standard
development
2) Role of PAOs in economic development
3) Impact of ICT developments on accountants
4) Public Policy and Regulation Initiatives e.g., the role
of globally consistent & good regulation
Future Research Focus Areas
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• www.ifac.org/gateway
• News, views,
resources, thought
leadership, knowledge
sharing
• 10 topic areas
including Audit &
Assurance, Business
Reporting, and Ethics
IFAC Global Knowledge Gateway
Register on the Gateway to:
• Get The Latest, an update
sent 2x per month
• Join & initiate discussions
• Recommend viewpoints &
discussions
• Suggest new content
In 2014 IFAC launched the Global Knowledge Gateway, a platform designed to bring together news, views, resources, and thought leadership for the worldwide accountancy profession.
Allows professionals and students to
access resources from around the world
learn about emerging areas of the profession
stay connected to the most pressing accountancy issues and news of the day
interact by exchanging views, making recommendations, and sharing information and resources.
Ten topic areas:
Business reporting
Ethics
Financial leadership & development
Governance
Performance and financial management
Risk management & internal control
Sustainability
Audit & assurance
Practice management
Islamic Finance
The Latest is a bi-weekly newsletter which summarizes the news, resources and discussions added every two weeks. You can tailor the e-mail to focus on some or all of the above areas. To register visit www.ifac.org.