Globally there are 60 countries that do not have professional accountancy organizations (PAOs), and, there are an additional 93 PAOs that do not have sufficient capacity to function effectively at all levels. IFAC continues its work in providing effective guidance to PAOs for enhanced governance.
Strong governance enriches PAOs’ mission and vision, resulting in improved quality of financial management systems in emerging economies.
IFAC has released a new publication,‘Focusing on Performance’, to build awareness within the PAO community to provide guidance and encourage best governance practices and principles within their current governance arrangements. The publication also features a self-assessment tool for PAOs to utilize when reviewing their governance framework.
IFAC continues to identify and share PAO’s governance experiences and success stories via the Global Knowledge Gateway.
Full press release
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