IFAC Seeks Potential Partners for PAO Capacity Building

Call for Expressions of Interest in Becoming a Partner Organization Issued

Oct 02, 2015 | New York, New York | English

Continuing its commitment to strengthen the accountancy profession and professional accountancy organizations (PAOs), the International Federation of Accountants® (IFAC®) today issued its annual Call for Expressions of Interest for organizations wishing to partner in these efforts.

In 2014, IFAC, the global organization for the accountancy profession, and the UK Department for International Development (DFID), which leads the UK’s work to end extreme poverty, entered into an agreement to strengthen PAOs in emerging economies. Under the agreement, DFID will provide £4.935 million over seven years to strengthen PAOs in at least 10 DFID focal countries to play a greater role in furthering economic development.

IFAC invites organizations to indicate their interest in providing PAO capacity-building services under this DFID-funded program. IFAC’s role is to facilitate, coordinate, and supervise projects to strengthen developing PAOs’ managerial, financial, and technical capacity so they can drive improvements in professional and ethical standards. Such projects ordinarily include peer-to-peer support by more established PAOs.

Expressions of Interest can be submitted online. Interested organizations need to demonstrate that they have the required qualifications and relevant experience to perform the capacity-building services. Based on information in the Expressions of Interest, IFAC will evaluate interested organizations and select eligible organizations for the database. In the future, eligible organizations may be invited to bid on specific projects. Further information is available by emailing development@ifac.org and in a questions & answers webpage.

The deadline for submission of Expressions of Interest is November 20, 2015.

About IFAC
IFAC is the global organization for the accountancy profession, dedicated to serving the public interest by strengthening the profession and contributing to the development of strong international economies. It is comprised of more than 175 members and associates in 130 countries and jurisdictions, representing approximately 2.8 million accountants in public practice, education, government service, industry, and commerce.

About DFID
The Department for International Development (DFID) leads the UK’s work to end extreme poverty. We're ending the need for aid by creating jobs, unlocking the potential of girls and women and helping to save lives when humanitarian emergencies hit. For more information visit www.gov.uk/dfid.


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