The International Federation of Accountants: Recent Initiatives to Support the Profession and Protect the Public Interest

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    by Graham Ward, CBE, IFAC President (November 2004 to November 2006)

    Mar 16, 2006
    Rome, Italy



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    The International Federation of Accountants: Recent Initiatives to Support the Profession and Protect the Public Interest

    I am honoured to be here with you today to share in this celebration of your 100th anniversary. Both personally, and on behalf of IFAC's Board, committees, and staff, I offer you our sincerest congratulations on this important milestone. I would also like to thank the Consiglio Nazionale dei Ragionieri e Periti Commerciali, its President, William Santorelli and its Vice President, Francesco Distefano for inviting me to participate in this historic event by making some brief remarks about IFAC and the role of the international profession.

    There can be no more appropriate place to discuss the international accountancy profession and to celebrate its history than here in Italy, the birthplace of Luca Pacioli who is credited with founding our great profession during the 14th century. Pacioli was a man of diverse backgrounds and talents: he was a tutor, a professor of mathematics, an author and a Franciscan Friar. He associated with the common merchants, devising bookkeeping methods that could assist them with their businesses and, at the same time, counted Leonardo Di Vinci amongst his friends. A true Renaissance man, Pacioli continues to be a model for our profession today. Like Pacioli, our lives as professional accountants result in us working with individuals in all paths of life. We are continually challenged to understand business's changing needs, to deliver credible financial information and to adopt the vision necessary to serve the public interest effectively in the years ahead.


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