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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
Page 2 | Confidential and Proprietary Information
IFAC Overview
Strengthening Organizations, Advancing Economies
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
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
Page 5 | Confidential and Proprietary Information
Page 6 | Confidential and Proprietary Information
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
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
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
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
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
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
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
www.ifac.org

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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

Editor's Notes

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  4. 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.