The International Federation of Accountants (IFAC), the global organization for the accountancy profession, is seeking nominations for members of its boards and committees for 2008. IFAC member bodies, members of the Forum of Firms and, in some instances, members of the public may nominate candidates by April 15, 2007. All members of IFAC boards and committees are expected to act in the public interest and must sign a declaration committing to act with integrity and in the public interest in their role within IFAC.
Public Members Sought
Individuals, organizations, accountancy firms, and IFAC member and regional bodies may submit nominations for the following public member positions on IFAC's independent standard-setting boards. Two public members are sought for the International Accounting Education Standards Board. One public member is sought for the International Ethics Standards Board for Accountants. And one public member is sought for the International Public Sector Accounting Standards Board. Public members must be seen to be independent of any special interests and seen to be acting to represent society as a whole. Nominees for the public member positions must have an appropriate level of knowledge about the work of the respective standard-setting board, although they do not need to have a professional accountancy designation.
Member Body Nominations
In addition to nominating public members, described above, IFAC member bodies may nominate additional candidates for membership on the IFAC Board, all independent standard-setting boards, the Compliance Advisory Panel, the Developing Nations Committee, the Professional Accountants in Business Committee, the Small and Medium Practices Committee, and the Nominating Committee. Member bodies may submit more than one nomination for each respective board and committee, and they are encouraged to nominate candidates with varying backgrounds.
Forum of Firms' Nominations
Five positions on the Public Interest Activity Committees are open to nominations from members of the Forum of Firms, an organization of international firms that perform audits of financial statements that are or may be used across national borders. Two positions are open on the International Auditing and Assurance Standards Board. Two positions are open on the International Accounting Education Standards Board. And one position is open on the International Ethics Standards Board for Accountants.
How to Submit Nominations
The Call for Nominations for IFAC Boards and Committees in 2008 describes the positions available on IFAC boards and committees and the qualifications required for each position as well as the process for submitting nominations. The Call for Nominations may be viewed on IFAC's website. All nominations must be submitted by April 15, 2007 using the online Candidate Information System, which can be accessed online. For more information on the role and activities of each of IFAC's boards and committees, visit its website.
IFAC is the worldwide organization for the accountancy profession dedicated to serving the public interest by strengthening the profession and contributing to the development of strong international economies. IFAC is comprised of 155 members and associates in 118 countries, representing more than 2.5 million accountants in public practice, education, government service, industry and commerce. Through its independent standard-setting boards, IFAC sets ethics, auditing and assurance, education, and public sector accounting standards. It also issues guidance to encourage high quality performance by professional accountants in business.