INTERNATIONAL FEDERATION OF ACCOUNTANTS

1
International Federation of Accountants
Serving the Needs of the Developing Profession
Ndungu Gathinji, Chairman, Developing Nations
Permanent Task Force Presentation to the SMP/SME
and Developing Nations Consultative Conference,
Prague, Czech Republic 10 and 11 March 2005
2
Overview
The Developing Profession

• IFAC and Developing Nations
• DNPTF Terms of Reference
• Task Forces Composition and Vision
• Task Forces Strategy, Activities and Priorities
• Request for Views

3
Task Force Vision and Mission
The Developing Profession

• Every country to have a recognised member body of
  IFAC.
• To support the development of the worldwide
  accountancy profession working in partnership
  with the global profession and other relevant
  organisations

4
DNPTF Terms of Reference
The Developing Profession

• Promote participation of developing countries in
  IFAC/IASB Committee work
• Respond to needs identified through SMOs
  Compliance Programme
• Identify and advocate for the needs of the
  developing profession
• Identify sources of development assistance
• Grow IFAC membership

5
Task Force Composition
The Developing Profession

• Argentina South Africa
• Hungary Sudan
• India Tanzania
• Kenya Chair Tunisia
• Malaysia United Arab Emirates
• Moldova United Kingdom x 2
• Pakistan Uruguay
• Senegal UNCTAD
• World Bank

6
Strategy
The Developing Profession

• Identify the critical needs of the developing
  profession
• Capacity
• Environment
• Resources
• Promote and represent the needs of the developing
  profession
• Identify, develop and promote guidance materials
• Raise awareness of the benefits of IFAC
  membership
• Assist member bodies to achieve and maintain
  membership obligations
• Assist in overcoming resource constraints
• Manage stakeholder relationships

7
Activities/Priorities
The Developing Profession

• Establish database
• Develop a guidance Tool Kit
• Identify barriers to membership and seek
  solutions
• Collaborate with IFAC Member Body Compliance
  Programme
• Monitor, input, and encourage participation into
  IFAC/IASB work programmes with special focus on
  implementation issues
• Develop key contacts with development partners
• Identify sources of potential assistance
• Promote Task Forces agenda

8
Consultation
The Developing Profession

• Are we on the right track?
• Could we do more?