International Federation of Accountants (IFAC) Continues to Emphasize Importance of Materials Being Available in Multiple Languages; Thanks World Bank for Recent Support Provided

Aug 1, 2023 | New York, New York | English

The International Federation of Accountants (IFAC) plays a vital role in driving the development, adoption, and implementation of transparent and high-quality international standards. These standards for audit and assurance, ethics and independence, education, and public sector accounting are used by professional accountants and serve as a fundamental pillar within the global financial architecture.

The World Bank, an institution dedicated to providing financing, policy advice, and technical assistance to governments of developing countries, recently extended significant financial support to expand the accessibility of certain materials (noted below) into Spanish and French. This support broadens the availability of these publications to IFAC’s global audience and their stakeholders, and helps to promote greater economic growth, development, and accountability.

In jurisdictions where English is not an official or business language, one of the primary obstacles to successful adoption and implementation of international standards is the lack of access to translations in local languages. IFAC takes proactive steps to tackle this challenge by collaborating with member organizations in leveraging their technical expertise to provide translation support, as well as engaging with donors to help further facilitate the translation process.

IFAC CEO Kevin Dancey said, “IFAC thanks the World Bank and our member organizations for their generous financial support in expanding the accessibility of multilingual materials. Your invaluable contribution has made a profound impact on our efforts to foster the adoption and implementation of international standards on a global scale. Consequently, this will pave the way for driving progress, bolstering economic stability, and ensuring responsible financial practices worldwide.”

For more details on how to support translations, please reach out to Michelle Brody (MichelleBrody@ifac.org) or permissions@ifac.org.

View the newly translated publications in Spanish and French:

Publications Languages
(Available and In Progress)
IFAC Train the Trainer:
Introduction to IPSAS1		 Module 1 – Introduction Arabic, French, Japanese, and Spanish
Module 2 – Assets  Arabic, French, and Spanish
Module 3 – Liabilities Arabic, French, and Spanish
Module 4 – Revenues  Arabic, French, and Spanish
Module 5 – Expenses Arabic, French, and Spanish
Module 6 – Financial Instruments Arabic, French, and Spanish
Module 7 – Consolidation and Public Sector Combinations Arabic, French, and Spanish
Module 8 – Presentation Arabic, French, and Spanish
Module 9 –First-time Adoption of Accrual Basis IPSAS Arabic, French, and Spanish
Module 10 – Other Pronouncements Arabic, French, and Spanish
Pathways to Accrual French and Spanish
Quality Management Series: Small Firm Implementation, Installment One Bosnian, Czech, Japanese, Latvian, Polish, Spanish-Latin America, Spanish-Spain, and Turkish
The Risk Identification and Assessment Process: Tips on Implementing ISA 315 (Revised 2019) French and Spanish
Auditing Accounting Estimates: ISA 540 (Revised) Implementation Tool French, Hungarian, Polish, and Spanish
IAASB ISA 315 First-Time Implementation Guide Bulgarian, Croatian, Dutch, French, Japanese, Polish, and Spanish
IESBA Staff Q&A Revised Non-Assurance Services Provisions of the Code French and Spanish
Staff Q&A Revised Fee-Related Provisions of the Code French, Japanese, Polish, Romanian, and Spanish
Staff Q&A Responding to Non-Compliance with Laws and Regulations, Professional Accountants in Public Practice French and Spanish
Ethics Considerations in Sustainability Reporting French and Spanish
      1Spanish was not completed under the World Bank.

 

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. IFAC is comprised of 180 members and associates in more than 135 jurisdictions, representing more than 3 million accountants in public practice, education, government service, industry, and commerce.