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.
IFAC®President Warren Allen provided an overview on the changing audit environment and IFAC's response to it as well as an update on activities of the International Auditing and Assurance Standards Board® to the Institute of Certified Public Accountants of Greece (SOEL) September 19, 2014, in Athens, Greece.
IFAC Launches New Online Permission Request and Inquiry Management System (OPRI)
To streamline the process for submitting requests for reproduction, translation, and information, IFAC has launched its new Online Permission Request and Inquiry Management (OPRI) system. The new online function allows registered users to submit new requests by type (reproduction, translation of international standards, translations of other publications, and inquiry) as well as manage all their requests in one place, duplicate existing requests to save time when placing new ones, and view the status of pending requests.
Typical users of the system include:
Relevant staff of IFAC’s designated translating bodies (or organizations wishing to become a designated translating body) seeking permission to translate IFAC’s copyrighted publications, including the international standards;
Relevant staff of IFAC’s member bodies and associates, or other relevant organizations seeking permission to modify, adapt, reproduce, or adopt all or part of IFAC’s copyrighted publications, including the international standards;
Those seeking permission to reproduce illustrations or extracts from IFAC’s content (for example in textbooks or other publications);
Commercial publishers;
Training providers; and
Other organizations or individuals seeking information or wishing to use IFAC’s intellectual property.
New Name Reflects Changing, Expanding Role
To better reflect the breadth of activities under its purview, IFAC’s Translations & Permissions department has changed its name to “Intellectual Property.” The activities provided by the department, across IFAC and the independent standard-setting boards, include not only matters related to translations of IFAC publications and reproduction permissions for use of copyrighted content, but also to the administration of IFAC’s numerous trademarks.
WCOA 2014 Translations Workshop Session
The World Congress of Accountants (WCOA) 2014 will explore the evolution of the accountancy profession and showcase the innovations that will shape its future. WCOA 2014 features a workshop session entitled “Translating International Standards and Guidance: Best Practices and Tools to Achieve Quality Translations” on Wednesday, November 12, from 11:15 a.m. to 12:45 p.m. The workshop will be informative as well as interactive, with opportunities for discussion, questions and answers. Thanks to all who completed the survey, the responses to which will be shared during the workshop. View the WCOA 2014 event program.
Social Media Provides Updates on Recent Translations
IFAC is now using social media to update stakeholders on recently translated publications and resources. Via IFAC’s @IFAC_Update on Twitter, it has recently shared news about the following translations:
Russian (CPARK): Tools and Resources to Support the Development of the Accounting Profession
Bulgarian (ICPAB): Guide to Review Engagements
Persian (IACPA): Handbook of the Code of Ethics for Professional Accountants
IFAC will use social media to provide updates about other translations as they become available.
Enhancements to Translations Database
IFAC is currently working on enhancing its Translations Database, which lists authorized translations of IFAC publications, including the international standards, with the aim of improving user-friendliness and expanding its search functionality. The Translations Database is a publicly available resource that helps IFAC serve the public interest and promote adoption and implementation of international standards.
New Translations of IFAC Publications
IFAC publications have now been translated into 48 languages. To view translated publications, please see the Translations Database.
Bosnian-Croatian-Serbian (CEF): Policy Paper, Process for Considering GFS Reporting Guidelines during Development of IPSASs
Estonian (MoF): ISRE 2400 (Revised): Engagements to Review Historical Financial Statements
Polish (AAP): Review Engagements-A Value-Adding Client Service
Russian (CEF): Policy Paper, Process for Considering GFS Reporting Guidelines during Development of IPSASs
Russian (AAS): Development and Management of Written Examinations. Information Paper (Revised)
Spanish (INCP):
Monthly Update, May 2014
IESBA press release, May 20
Global Digest, June 2014
IAESB press release, July 23
IESBA eNews, August 2014
IPSASB eNews, August 2014
IAESB press release, Aug 13
IAESB eNews, August 2014
IAESB press release, August 25
IPSASB press release, August 27
Turkish (POAASA): International Standard on Review Engagements (ISRE) 2410, Review of Interim Financial Information Performed by the Independent Auditor of the Entity; International Standards on Related Services (ISRS) 4400, Engagements to Perform Agreed-Upon Procedures Regarding Financial Information
IFAC is now using social media to update stakeholders on recently translated publications and resources. Via IFAC’s @IFAC_Update on Twitter, it has recently shared news about the following translations:
IFAC will use social media to provide updates about other translations as they become available.