IFAC Strategy 2016-2018 & Research
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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
- 1. Page 1 | Confidential and Proprietary Information 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
- 2. Page 2 | Confidential and Proprietary Information IFAC Overview Strengthening Organizations, Advancing Economies
- 3. Page 3 | Confidential and Proprietary Information • 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
- 4. Page 4 | Confidential and Proprietary Information • 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
- 5. Page 5 | Confidential and Proprietary Information
- 6. Page 6 | Confidential and Proprietary Information
- 7. Page 7 | Confidential and Proprietary Information IFAC 2016-2018 Strategic Plan Charting the Future of the Global Profession Unique Strengths • Natural Facilitator • Trusted Intermediary • Credible Knowledge Convener • Influential Voice
- 8. Page 8 | Confidential and Proprietary Information 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
- 9. Page 9 | Confidential and Proprietary Information 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
- 10. Page 10 | Confidential and Proprietary Information • 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
- 11. Page 11 | Confidential and Proprietary Information • 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
- 12. Page 12 | Confidential and Proprietary Information 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
- 13. Page 13 | Confidential and Proprietary Information • 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
- 14. www.ifac.org
Editor's Notes
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- 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.