IFAC Recommendations for the Turkish G-20 Presidency, 2015

The International Federation of Accountants (IFAC) has today submitted 12 recommendations for endorsement by the Group of Twenty (G-20), urging action on issues impacting the G-20 priorities of robust, inclusive growth.

IFAC’s 12 recommendations focus on:

• Good governance and regaining trust in key public and private sector structures, frameworks, and organizational and regulatory arrangements;
• Globally consistent, good regulation, that enables, promotes, and does not hamper growth and good governance;
• Resolving poor financial management, transparency, and accountability that persists in many G-20 countries and beyond; and
• A transparent, fair, and effectual international taxation system, and the need for collaboration and inclusiveness in implementing reforms.