Congratulations to Fermín del Valle on his successful and productive term as IFAC President.
He had an eventful term of office and, under his leadership, IFAC accomplished many of its goals. In fact, he has been so energetic and committed to fulfilling the goals of IFAC that at times I wondered if he would leave anything for me to do. However, as inevitably happens, some of his initiatives will pass to me for further pursuit or implementation.
I'm pleased to carry on and complete his good work, including advancing the process for delivering quality translations of IFAC standards, further examining how to enhance business reporting needs, and supporting initiatives addressing the needs of professional accountants in business and small and medium enterprises, to name only a few.
I would also like to express my congratulations to Göran Tidström on his election as Deputy President. We have already developed a strong working relationship and I look forward to a close association over the next two years.