Speeches & Presentations
by Fermí n del Valle, President, International Federation of Accountants
May 26, 2008
Strengthening Emerging Markets Through High Quality International Standards
Good morning, ladies and gentlemen. It is a pleasure to be here with you for this meeting of the IOSCO Emerging Markets Committee.
IOSCO and IFAC share many common objectives, including promoting stable global capital markets, ensuring high quality financial reporting and auditing, and helping emerging nations to develop the infrastructures necessary to support sustainable long-term growth.
Today, I would like to discuss how we can continue to collaborate to build a stronger, more stable global economy.
Let me start by pointing out that professional accountants, with their roles in all sectors of the marketplace, from auditing public companies, to working inside business and industry, in government, the not-for-profit sector, and academia, play a fundamental role in the economic growth of countries around the globe, including emerging markets. One significant area in which IFAC has worked to support professional accountants in fulfilling this role has been in promoting the adoption of a common set of high quality international accounting and auditing standards by all countries around the world.