The UK Department for International Development (DFID), which leads the United Kingdom’s work to end extreme poverty, and the International Federation of Accountants® (IFAC®), the global organization for the accountancy profession, have entered into an agreement to strengthen professional accountancy organizations (PAOs) in developing countries. Under this agreement, DFID will provide £4.935 million to IFAC over seven years. The funding will be used to strengthen PAOs in at least 10 DFID focal countries to play a greater role in furthering economic development. These focal countries are currently being selected by IFAC, in consultation with its regional organizations and DFID.
IFAC invites organizations to indicate their interest in providing PAO capacity-building services under this agreement. IFAC will facilitate, coordinate, and supervise projects, including peer-to-peer support by more established PAOs, to build developing country PAOs’ managerial, financial, and technical capacity so that they can drive improvements in professional and ethical standards.
Expressions of Interest can be submitted via www.surveygizmo.com/s3/1735005/Expression-of-Interest. Interested organizations should be able to demonstrate that they have the required qualifications and relevant experience to perform the capacity-building services. Based on information in the Expressions of Interest, IFAC will evaluate interested organizations and—in the future—invite eligible organizations to submit proposals to provide services for specific projects. Further information is available by emailing development@ifac.org.
Timetable and Deadlines for Expressions of Interest
- October 17, 2014, 8:30 am (New York time) – Webinar for applicants to clarify any matters. Please email development@ifac.org to receive instructions for participation.
- November 19, 2014 – Deadline for submissions of interest.
- First Quarter 2015 –Organizations will be invited to submit full proposals.
About IFAC
IFAC is the global organization for the accountancy profession, dedicated to serving the public interest by strengthening the profession and contributing to the development of strong international economies. It is comprised of 179 members and associates in 130 countries and jurisdictions, representing approximately 2.5 million accountants in public practice, education, government service, industry, and commerce.
About DFID
The Department for International Development (DFID) leads the UK’s work to end extreme poverty. We're ending the need for aid by creating jobs, unlocking the potential of girls and women and helping to save lives when humanitarian emergencies hit. For more information visit www.gov.uk/dfid.