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Planning and Finance Committee |
The Planning and Finance Committee is an advisory committee appointed by the IFAC Board to assist in developing and implementing IFAC's strategic and operation plans and the IFAC budget. The Planning and Finance Committee meets three to four times per year and holds conference calls as necessary.
Activities
The Planning and Finance Committee's activities are focused on supporting the Board in developing IFAC's strategic and operational plans, monitoring the implementation of these plans, and providing oversight of the budget process. The Planning and Finance Committee works closely with IFAC's senior management team in fulfilling the following responsibilities:
- Identifying issues of strategic and operational importance and reflecting those matters in the strategic and operational plan;
- Reviewing and agreeing the consolidated IFAC budget;
- Monitoring the implementation of the strategic and operational plans and the budget in fulfilling IFAC's objectives. As part of this monitoring process, the committee may also recommend making material reallocations to the budget;
- Agreeing an organization risk management framework and monitoring its implementation; and
- Considering the structure and application of the membership dues formula and provisions.
Membership
The Planning and Finance Committee is chaired by IFAC's Deputy President and includes five members from the IFAC Board and one member from the Forum of Firms. Current members:
- Göran Tidström, Deputy President
- Kevin Dancey, Canada
- Bernadette McGrory-Farrell, Ireland
- Ved Jain, India
- Joycelyn Morton, Australia
- John Archambault, Forum of Firms