International Federation of Accountants

Contributing to the Global Economy

A Definition of the Public Interest

Policy Position Paper #5

IFAC
Jun 29, 2012 | Policy Position Papers
17 Pages
English

All available Translations: Romanian Spanish

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A hallmark of the accountancy profession is its obligation to act in the public interest. But it is not always apparent what this means, and how accountants can determine whether they are meeting this expectation. IFAC, by developing this position paper, is seeking to advance its understanding of this important issue. The paper, which presents a practical definition of the public interest, was developed in the context of IFAC’s mission, to enable IFAC to assess the extent to which its actions and decisions are made in the public interest.

 

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