The World Bank 2012 Fiduciary Forum, Public Financial Accountability in a Changing World: Delivering Results and Managing Risks, was held in Alexandria, Virginia, in May 2012. This biennial event brings together approximately 600 financial management, procurement, and World Bank Vice Presidential Unit staff members, the majority of whom are based in country offices. Participation also included representatives of countries IFAC has a presence in, either through an active member or a development partner.
Warren Allen, IFAC Deputy President, was a speaker at the plenary session, Towards an Integrated Reporting Model to Measure Sustainable Development: Connective Systems, People, and Information. The session addressed the issue of integrating financial, environmental, social, governance, and other important disclosures in an effort to promote sustained and equitable development in response to increasing considerations of financial reporting as a component of reporting and demands from investors for more information in these areas.
Sylvia Tsen, IFAC Director, Quality and Member Relations, was also a panelist during the session “Building Systems and Investing in Skills and Talent,” which focused on education and skills growth for the development of a strong accountancy profession. Additionally, Szymon Radziszewicz, IFAC Senior Technical Manager, gave a presentation during “Accountancy Developments in Africa” session.