The International Federation of Accountants (IFAC) welcomes the work of the World Economic Forum’s (the “Forum”) Unifying Framework, published today, for the important added visibility it provides in the fight against financial crime from a cross-sectoral perspective.
The
release of the Forum’s report today is a significant step in raising
awareness about the good work of gatekeepers – individuals including
accountants, bankers and lawyers – who work to prevent or interrupt
financial crime, and particularly money laundering, illicit financial
flows, and corruption. By endorsing this work, IFAC hopes that we can
inspire other gatekeeper professions to adopt ethical frameworks on par
with the International Ethics Standards Board for Accountants’ (IESBA’s)
International Code of Ethics for Professional Accountants (the Code), the gold standard for ethical behavior.
Kevin
Dancey, CEO of IFAC, said, “This new report by the Forum is broadly
aligned with the long-standing principles of the Code, which governs the
conduct of approximately 3 million professional accountants, defined as
those who are members of one of the 180 professional accountancy
organizations (PAOs) around the world recognized by IFAC. We encourage
other gatekeeper professions across all sectors to look to the Code as a
model.”
Unifying Framework
IFAC
© IFAC - International Federation of Accountants
Key
Hover over the blue highlighted
text to view the acronym meaning
Hover
over these icons for more information
Comments:
No Comments for this Article