Developing Nations Committee

Projects and Events

Development of the Profession

Recognizing that a well governed national accountancy body is an essential component of a country's financial infrastructure, the Developing Nations Committee proactively works to support the development of the profession worldwide. As part of its development efforts, it supports the work of the Member Body Compliance Program, which encourages high quality auditing, accounting, ethical, and educational standards and related quality assurance and investigation and disciplinary programs in countries worldwide.

Collaboration with Donors

Through collaboration and close contact with donors, beneficiaries and contractors alike, the Developing Nations Committee seeks to help:

• Identify development needs;
• Identify useful common tools and reduce duplication of effort; and
• Facilitate and contribute to development work.

The Developing Nations Committee has directly assisted donors in a variety of capacities. For example, the committee regularly assists and supports the World Bank with its implementation of the Reports on the Observance of Standards and Codes program and has also provided advice and assistance to the United States Agency for International Development with its Certified International Professional Accountant-Ukraine project.

For more information on how IFAC works with donors, see the brochure: Developing Accountancy Capacity Worldwide.

International Conferences

As part of its outreach initiatives, the Developing Nations Committee coordinates conferences focused on development issues.

• Second Conference on Accounting and Accountability for Regional Economic Growth, June 2008

  The second conference on Accounting and Accountability for Regional Economic Growth in the Latin American and Caribbean region was held in San Salvador, El Salvador on June 11-13, 2008. The conference was focused on financial reporting, auditing and governance issues specific to the Latin America and the Caribbean region. For more information visit: http://www.creceramericas.org/index_eng.html.

• Africa Region Learning Workshop, September 2006

  Attendees from 37 nations participated in the Workshop, which was sponsored by IFAC, the African Development Bank, and the World Bank. Key outcomes of the Workshop included the formation of the Africa Focus Group and the signing of the Nairobi Declaration.

  Speeches from the conference may be downloaded.

• SMP/SME and Developing Nations Consultative Conference, March 2005

  More than 125 representatives of member bodies, regional accountancy organizations, development agencies and other organizations participated in this conference. Presentations made at the conference may be downloaded.

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