The IFAC PAO Development & Advisory Group (the Group) helps IFAC support strong, sustainable professional accountancy organizations around the world as part of the IFAC’s capacity building efforts. The Advisory Group actively contributes to IFAC’s strategic objectives, especially in preparing a future-ready profession, by fulfilling the “4As”:
- Advise and provide insights on trends to IFAC and opportunities relevant to capacity building for PAOs, as well as implications for development of the accountancy profession.
- Advocate for strengthening of PAOs in support of the profession, including through outreach activities and speaking engagements.
- Provide assistance and mentoring to developing PAOs as they strive to improve and meet IFAC’s membership obligations and global best practices.
- Enable access to resources and expertise from IFAC member organizations and partners, including international development partners, to support PAO development (e.g., guidance, resources, and tools).
The time and technical expertise (#3) that Group members and IFAC can provide to member organizations together can result in powerful changes – but it does take time. Reaching internationally recognized benchmarks requires consistent effort from PAOs and rarely happens overnight. Importantly though, PAOs do not have to go through this alone, since IFAC and its volunteers stand ready to provide support. One prime example of this is the ongoing commitment and teamwork between Group member, Jamal Milhem, Group Technical Advisor Mahalah Groves, and IFAC staff member, Dana Jensen, which has been carried out from 2018 to present. Over the last four years, they have enhanced outreach in the Middle East and North Africa (MENA) region based on three priority areas—non-member engagement; member engagement; and capacity development—and put into practice the Group’s remit.
We invite you to learn more about their efforts by accessing their case study, presented at the October 2021 Advisory Group meeting: