On October 16, 2012, the second steering committee meeting for the IFAC-Donor Community MOSAIC (Memorandum of Understanding to Strengthen Accountancy and Improve Collaboration) was held in London, UK, hosted by the Chartered Institute of Public Finance and Accountancy.
A key focus for discussion was the draft Professional Accountancy Organization Global Development Report (GDR). This draft report, co-financed by the African Development Bank, Asian Development Bank, Inter-American Development Bank, and the World Bank, aims to provide a) a high-level report regarding the status of professional accountancy organization (PAO) development worldwide; b) a shared and mutual understanding of the development of these organizations; and c) direction to MOSAIC’s goal of increasing PAO capacity to improve the quality of public and private sector accounting and financial management and ultimately enhance economic growth and reduce poverty.
The content and completion of the draft GDR represents a collective effort on the part of MOSAIC signatories, observers, and key stakeholders and has allowed for a variety of perspectives on the subject of global PAO development. The draft GDR is available for comment online.
Any comments should be sent to the interim MOSAIC Secretariat by December 10, 2012.