IFAC has submitted our response to the International Auditing and Assurance Standards Board (IAASB) public consultation survey on the post-implementation review (PIR) of ISA 540 (Revised), Auditing Accounting Estimates and Related Disclosures.
IFAC has submitted our response to the International Auditing and Assurance Standards Board (IAASB) public consultation survey on the post-implementation review (PIR) of ISA 540 (Revised), Auditing Accounting Estimates and Related Disclosures.
IFAC has submitted our response to the joint stakeholder survey conducted by the International Auditing and Assurance Standards Board (IAASB) and the International Ethics Standards Board for Accountants (IESBA) on their strategic priorities and work plans for 2028–31.
In our response, we underscore the importance of a coordinated, forward-looking approach to standard setting that responds to rapidly evolving business, reporting, and assurance environments.
The International Federation of Accountants (IFAC), in collaboration with the Pan African Federation of Accountants (PAFA) and Ordre National des Experts Comptables (ONEC) Algeria, open IFAC Connect Africa 2026 tomorrow, a high-level gathering of leaders from across Africa and the global accountancy profession focused on advancing trust, accountability, and strong institutions.
IFAC Connect Africa will bring together representatives of professional accountancy organizations, regulators, standard setters, international organizations, government institutions, and business leaders to explore the profession's role in addressing some of the most pressing challenges and opportunities facing Africa and the world under the theme Trust, Accountability, and Strong Institutions: Africa and the Global Profession.
"Strong institutions are fundamental to sustainable economic development, public trust, and resilient societies," said Lee White, Chief Executive Officer of IFAC. "Across Africa, professional accountancy organizations, regulators, standard setters, and regional institutions are advancing important work to strengthen accountability and transparency. By convening these voices, IFAC Connect creates opportunities to learn from one another, strengthen partnerships, and accelerate progress on issues that matter to the profession, policymakers, and the public."
Bridging perspectives on the role of strong institutions in supporting sustainable growth and public confidence, the event will open with remarks from IFAC President Jean Bouquot, PAFA President Walid Ben Salah, and Pr. Mayatta Ndiaye MBAYE, Permanent Secretary of Organization for the Harmonization of Business Law in Africa (OHADA), alongside senior representatives from the Government of Algeria. The program will also feature speakers and experts from the International Public Sector Accounting Standards Board, the IFRS Foundation, the Public Interest Oversight Board, the International Auditing and Assurance Standards Board, the International Ethics Standards Board for Accountants, the African Development Bank, and professional accountancy organizations from across Africa.
The International Federation of Francophone Accountants (Federation Internationale des Experts-Comptables Francophone, or FIDEF) and the West African Economic and Monetary Union (WAEMU) will participate, reflecting the depth of collaboration across the accountancy profession and regional institutions.
IFAC, PAFA, FIDEF, and OHADA will sign a Memorandum of Understanding aimed at strengthening coordination, cooperation, and knowledge sharing in support of high-quality financial reporting, auditing, professional standards, and capacity development across Africa and the Francophone world.
“IFAC Connect Africa reflects the growing influence and leadership of the African profession in shaping global conversations on accountability, governance, reporting, and trust," said Walid Ben Salah, President of PAFA. "By bringing together diverse voices from across the continent and beyond, we can identify practical actions that strengthen institutions and support sustainable development."
"Africa has an important role to play in shaping the future of the global accountancy profession," said Abdelkrim Bouhouche, President of ONEC Algeria. "By hosting IFAC Connect Africa, we are creating a platform for meaningful dialogue on trust, accountability, and institutional strength while showcasing the expertise, innovation, and leadership that exist across the continent. We are proud to welcome participants from Africa and around the world to Algeria for these important discussions."
IFAC Connect Africa 2026 will conclude with a collaborative discussion on priorities for the profession over the next three to five years and opportunities for continued partnership between IFAC, PAFA, and African institutions.
About IFAC
IFAC, by connecting and uniting its members, makes the accountancy profession truly global.
IFAC member organizations are champions of integrity and professional quality, and proudly carry their membership as a badge of international recognition.
IFAC and its members work together to shape the future of the profession through learning, innovation, a collective voice, and commitment to the public interest.
About PAFA
The Pan African Federation of Accountants (PAFA) is the continental body for the accountancy profession in Africa and an IFAC Network Partner – Regional Organization. Representing 57 professional accountancy organizations in 47 African countries, PAFA works to strengthen the capacity and influence of the accountancy profession in Africa to enhance trade, the quality of services, and trust in institutions.
About ONEC Algeria
The Ordre National des Experts Comptables (ONEC) is the professional accountancy organization representing chartered accountants in Algeria. ONEC promotes high professional standards, ethical conduct, and the advancement of the accountancy profession in support of the public interest.
IPSASB CAG Members in Washington, D.C. hosted by the IMF in June 2026.
The Consultative Advisory Group (CAG) of the International Public Sector Accounting Standards Board (IPSASB) re-elected Ms. Fabienne Colignon as its chair for the next three years. The CAG advises the IPSASB on strategic matters, technical topics, and implementation issues, as well as other relevant matters to the public interest.
The CAG is composed of 25 representatives of public sector organizations and individuals, bringing broad perspectives from public sector stakeholders, that are interested in, or affected by, the IPSASB’s work, including those engaged in the preparation, audit, or evaluation of public sector financial reports. As CAG chair, Ms. Colignon helps ensure the CAG's diverse expertise and perspectives are leveraged to support the IPSASB's decision-making and strategic direction.
Ms. Colignon was first elected CAG Chair in 2023 and has been both an active member of the CAG and observer of the IPSASB since 2016. Ms. Colignon has extensive expertise in public sector accounting and reporting through her role with the French Public Sector Accounting Standard-Setter, Conseil de Normalisation des Comptes Publics (the CNoCP), a council body within the Ministry of Finance, and her prior experience as a Practice Fellow with the IFRS Interpretations Committee.
“I am honored to continue serving as chair of the IPSASB Consultative Advisory Group,” said Ms. Colignon. “One of the CAG’s greatest strengths is the breadth of experience and perspectives its members bring from across the global public sector community. Those insights help shape the IPSASB’s priorities and ensure its standards and activities remain responsive to the needs of stakeholders and the public interest. I look forward to continuing to work alongside CAG members, the IPSASB, and stakeholders around the world to advance high-quality public sector financial and sustainability reporting and the transparency, accountability, and better decision-making that reporting makes possible.”
“We are fortunate to have Fabienne Colignon continue her leadership of the IPSASB CAG for another three years,” said IPSASB Chair Thomas Müller-Marqués Berger. “The CAG is critical in ensuring the IPSASB benefits from the grounded perspectives, practical experience, and strategic insights that only its diverse membership can provide. CAG advice helps us stay responsive to emerging issues and focused on solving real-life accounting and reporting issues. Fabienne has been instrumental in fostering meaningful dialogue and engagement between the CAG and IPSASB, and I look forward to our continuing our close collaboration.”
About the IPSASB
The International Public Sector Accounting Standards Board (IPSASB®) works to improve public sector financial reporting worldwide through the development of IPSAS® Accounting Standards, IPSASB SRS™ Standards, and other high-quality financial reporting guidance for use by governments and other public sector entities. It also raises awareness of IPSAS Standards and IPSASB SRS Standards and promotes the adoption and implementation of these to enhance the quality and consistency of practice throughout the world and strengthen the transparency and accountability of public sector finances and sustainable development. The Board receives support from the Asian Development Bank, the Chartered Professional Accountants of Canada, the New Zealand External Reporting Board, the government of Canada, and The World Bank. The structures and processes that support the operations of the IPSASB are facilitated by the International Federation of Accountants (IFAC®). For copyright, trademark, and permissions information, please go to permissions or contact permissions@ifac.org.
About the Public Interest Committee
The governance and standard-setting activities of the IPSASB are overseen by the Public Interest Committee (PIC), to ensure that they follow due process and reflect the public interest. The PIC is comprised of individuals with expertise in public sector or financial reporting, and professional engagement in organizations that have an interest in promoting high-quality and internationally comparable financial information.
