The document outlines the DFID-IFAC partnership aiming to develop Professional Accountancy Organizations (PAOs) to enhance economic growth and institutional strength across nations. It details a capacity development program with a budget of approximately £4.935 million over seven years, focusing on global accountancy profession assessments and project implementations in selected countries. Key governance structures are established for oversight, partner selection, and program management to ensure transparency and effectiveness in achieving program objectives.

1. Professional Accountancy
Organization Capacity
Development Program
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Expression of Interest
Webinar
October 17, 2014

2. DFID-IFAC PARTNERSHIP
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3. DFID—Why the UK is supporting PAO
development?
• PAO—crucial ingredient of an effective accountancy
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profession
• Promoting professional conduct and practice
• Supporting economic development and strengthening of
national institutions
• Moving from aid dependency to building self-reliant
economies

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DFID—Why IFAC?
• Global reach
• Networks and convening power
• Holistic approach
• Consistency

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IFAC—Identifying the Global Need
60 nations without a PAO
sufficiently developed, ready
to join IFAC
Estimated cost to close the
gap US$100 million

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IFAC—Responding to the Global Need
• Identify and deliver on global advantage
– A natural facilitator
– A credible convener
– A trusted intermediary
– An influential voice
• Within a public interest mandate

7. IFAC—Responding to the Global Need
• Renewed strategic focus on global accountancy
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profession development
• Utilize knowledge about the accountancy profession
– Understanding of status of profession in +/- 200 countries
– Assessments of PAOs against SMOs
– Holistic methodology for sustainable PAO development
– Members experienced in PAO development

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PROGRAM APPROACH

9. Program Approach
• ₤4.935 million (including ₤500,000 contribution to IFAC
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program management cost) over 7 years
• Projects staggered; first projects to start in 2015—enables:
– Spreading of workload, and modifications based on experience
– Creation of PAO networks and peer-to-peer learning environment
– Utilization of learning networks and recent experience in country
selection

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Consistent Approach to Country Projects
Diagnostic
validation
Mobilization Launch
Monitoring
and
evaluation
Completion

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Methodology—3 Building Blocks, 9 Pillars

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GOVERNANCE

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Governance Structure
Programme Oversight Committee (POC)
1 IFAC representative (CEO)
1 DFID representatives
3 volunteers of whom 1 is a public member
Programme
Management Team
(PMT)
2 IFAC senior staff
2 DFID senior staff
Independent Selection
Panel (ISP)
3 volunteers of whom 1 is a
public member (2 alternates)

14. Programme Oversight Committee (POC)
• Ensures governance, transparency, economy, efficiency, and
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effectiveness of the programme
• Oversight of the implementation and operation of the programme
– Review diagnostic and approve country/project selection
– Approve resource distribution to selected countries/projects
– Approve criteria and process for partner organisation selection
– Review programme performance against key milestone based on quarterly
and annual reports on progress, risk management and finances
– Issue annual oversight report

15. • Ensures fair and transparent process for identifying and
selecting partner organisations
– Approves calls for expression of interest
– Approves selection of partner organisations for specific projects
– Reviews template contract(s) for partner organisations
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Independent Selection Panel (ISP)

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Programme Management Team (PMT)
• Responsible for implementing programme
– IFAC PMT members are responsible for day-to-day management
– DFID PMT members provide advice and serve as a sounding
board

17. Reporting
• IFAC quarterly and annual reports to DFID
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– Progress
– Risk management
– Finances
• Annual oversight report by POC
• Annual review by DFID

18. PARTNER ORGANIZATION
SELECTION
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19. Process for Selecting Partner Organisations
• Developed in consultation with DFID, drawing on
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– World Bank guidance
– input from other experts
• Two-part approach

20. Accessible by all
Presented in an easy-to-use survey format
Selection criteria approved by POC (see
separate slide)
Selection of eligible partner organizations to
be approved by ISP
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Expressions of Interest
Stage 1:
Request for
Expressions of
Interest
Issued
September 30
2014

21. Expression of Interest
• Deadline is November 19, 2014
• Instructions for the Expression of Interest and the Terms of
Reference for the program are presented on pages 2 and
3 of the survey
• Questions can be submitted at any time to
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development@ifac.org.

22. RFP based on individual country project
plans
• Plans based on country needs
• Plans to be approved by POC
RFP issued to eligible partners
Reference checks
Selection of partner organizations to be
approved by ISP
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Request for Proposals
Stage 2:
Request for
Proposals
Q1 2015

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Proposed Criteria for Selecting Partner
Organizations
• Supports program objectives
• Understands PAO development
• Has experience in PAO
development
• Has access to qualified
individuals
• Demonstrates transfer of
knowledge
• Provides evidence of
successful delivery
• Demonstrates value for money
• Demonstrates CSR
• Has no conflict of interest or
litigation pending
• Long-term sustainability

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Proposed Criteria for Selecting Partner
Organizations
• Demonstrates support for
vulnerable groups
• Demonstrates commitment to
diversity

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COUNTRY SELECTION

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Considerations
• DFID partner countries
• Fragile and conflict states
• Regional inclusiveness
• Existence of “fertile ground”

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Fertile Ground Considerations
• Existence of champion(s)
• Accessibility of country stakeholders
• Existence of emerging PAO
• Ability of emerging PAO to take
responsibility / be accountable
• Existence of opportunities

28. Country Selection
• Accountancy profession at varying stages of development
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– Program to include mix of countries
• Diagnostic validation of +/- 10 countries in 2014
• 3-4 countries to be announced at WCOA 2014, and work
to start in 2015

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Two-part Diagnostic Process
• Part 1: Initial Country Scan
– Desktop research
– Review of IFAC knowledge
– Discussion with ROs and other stakeholders
– Review of development projects in country

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Two-part Diagnostic Process
• Part 2: Assessment and Project Scoping
– In consultation with emerging PAO
– Assessment against three building blocks
– Identification of major gaps and priority needs
– Project scoping

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Questions

32. • Organizations that are invited to participate
• All information is kept confidential
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Questions Received

33. Questions Received
• Clarifications regarding question 8, including:
– Role in project
– Dates for start and finish do not need to be specific
– Outputs/outcomes/impacts and evidence of satisfaction
– Other relevant information can be attached, but is optional
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• Correction to Question 11
– Eliminate third bullet on monitoring consultant’s work

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Questions Received

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Questions Received

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Questions Received

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Questions Received

38. Questions Received
• Revenue from Accountancy Profession Development work
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can be an estimate
• Uploading files
• Email development@ifac.org with any questions or
problems

39. Welcome to the IFAC webinar
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Questions?
To ask a question, type it here
Expressions of Interest Webinar – October
17, 2014

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Concluding Remarks