Developing a vision and roadmap for the finance professional and finance function is a journey requiring an iterative and experimental approach, supported by a development plan that incorporates significant thinking on a variety of topics.
In an iterative workshop, the Professional Accountants in Business Committee explored how to develop a vision for the finance function and provided updates on current initiatives, including:
This self-assessment evaluation tool is available for professional accountancy organizations (PAOs) to help take a strategic and practical approach to enhancing relevance for professional accountants in business (PAIB).
This Consultation Paper proposes that:
It also discusses:
Designed for use by small- and medium-sized practices (SMPs), this brochure explains and differentiates the range of audit, review, compilation, and agreed-upon procedures services SMPs can provide and tailor to meet the needs of their small- and medium-sized entity (SME) clients. It can help current and prospective clients understand the range of services available, as well as their benefits.
A healthy economy needs a well-functioning accountancy profession, one supplying high-quality financial information produced by skilled professionals. These professionals are best supported by strong professional accountancy organizations (PAOs). A key success factor in achieving this is enhanced collaboration across the global, regional, and national levels of the accountancy profession and the involvement of the entire international development community.
Given the essential role of professional accountants in business in strong and sustainable organizations, financial markets, and economies, this guidance assists professional accountancy organizations (PAOs) in strengthening engagement with accountants in business, the public sector, and academia as a means to expand their reach, influence, and contribution.
Tunisia
Mr. Wassim Khrouf is a former member of the IFAC SMP Advisory Group. He was nominated by the Tunisian Institute of Chartered Accountants—Ordre des Experts Comptables de Tunisie (OECT). He previous served as Technical Advisor to a member on the committee from 2013 to 2015.
Mr. Khrouf is a Tunisian Chartered Accountant and a partner in a small- and medium-sized accounting firm comprised of three partners who provide services in the areas of accounting, tax, forensic accounting, management advisory, and training for small- and medium-sized entities. Mr. Khrouf is an international consultant and provides services for international funding agencies in the areas of audit, project appraisal, technical assistance, and project preparation. He started his career as an auditor with the Tunisian audit firm Jelil Bouraoui & Co, a member Moore Stephens in Tunisia.
Mr. Khrouf was elected to serve as a Board member of the OECT in 2012 and 2015. He was Chair of the Standards and Ethics Committee of the OECT from 2012 to 2015 and has chaired Continuing Professional Development since 2015.
He has lectured in Tunisian Universities and taught audit, internal control, and accounting.
Mr. Khrouf has a Tunisian Chartered Accountant diploma and a master of law degree in trade companies from the Tunis Law School.
The Guide aims first and foremost to help IFAC member organizations and their members in practice, especially SMPs, with the implementation of ISRS™ 4410 (Revised), Compilation Engagements, which is one of the International Standards on Related Services™ developed exclusively by the International Auditing and Assurance Standards Board (IAASB).
The voice of your professional accountancy organization (PAO) matters.
The accountancy profession is most successful and sustainable with the support of healthy national and regional professional accountancy organizations (PAOs) that have robust, effective relationships with their national and regional stakeholders, including government and regulators.
The success of any PAO relies in large part on its ability to effectively communicate, and demonstrate, its relevance to society. This begins early in a PAO’s development with promotion of:
