Quality Profession Adds Value Through Quality Information
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This document discusses the role of national accountancy bodies and the accounting profession in providing quality financial information. It outlines how the profession contributes to economic stability, business efficiency, and governmental transparency. National accountancy bodies educate the public on the importance of accountants, provide training and support for implementation of standards, and ensure adherence to ethics requirements. They also act as a voice for the profession and provide leadership through commitment to public interest and high standards. The international organization IFAC assists national accountancy bodies through resources on its website.
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Quality Profession Adds Value Through Quality Information
- 4. 100Years Ago
- 5. 1 Year Ago
- 15. Success happens when preparation meets opportunity
- 16. Thank you www.ifac.org November 2009
Editor's Notes
- The annual balance sheet of a Sumerian state-owned farm, drawn up by the scribe responsible for artisans: detailed account of materials and workdays for a basketry workshop.
- Luca Pacioli – “father of Modern Accounting”
- Rahm Emanuel, President Obama’s Chief of Staff said: Never let a serious crisis go to waste…. It is an opportunity for you do do things that you thought you can never do before.
- Meaningful Education and training (University and CPD) Solid Experience requirement with on-the-job training An Examination /Licensing process that assures qualified practitioners A code of Ethics that encourages ethical behavior Strong Enforcement mechanisms (including monitoring, investigation, and disciplinary action for substandard work)
- Some remarks on how our profession is relevant and what we need to be doing to be the leaders in the times of crisis / opportunity and provide quality information
- Success is best achieved when preparation meets opportunity. The turbulent times we are going through now are the times of great opportunities. As a profession we can step up to the leadership role, we can work together to further improve our expertise, live by our values, provide high quality information AND ACHIEVE SUCCESS! Thank you and I wish you again all the success for the next 100 and more years to come.