The PAIB Committee submitted this comment letter to the International Ethics Standards Board for Accountants (IESBA) Exposure Draft on Proposed Changes to the Code of Ethics for Professional Accountants (the Code) Addressing Conflicts of Interest. Recommendations include expansion of some of the definitions and parameters to better cover the work and domain of professional accountants in business.

The PAIB Committee submitted its Comment Letter for the Committee of Sponsoring Organizations of the Treadway Commission (COSO)'s Internal Control - Integrated Framework. The PAIB Committee provides the perspective of professional accountants in business. Among other recommendations, the Committee suggests broadening the scope of the Framework and the definition of internal control as well as including a strategic objective and an objective setting component.

The SMP Committee submitted this letter to the IFAC Board's Exposure Draft, Statements of Membership Obligations. The comments focus on the aspects of most relevance to SMPs, including the scope of quality assurance review systems, IFRS for SMEs, and translation requirement.

IFAC believes that the accountancy profession will have an essential role to play in resolving the current crisis and in building a reformed international financial system. Therefore, IFAC would like to support the G20 in its work in facilitating change throughout the world. In doing so, IFAC submitted separate letters (of which this is one) to three of the four G20 Working Groups. In each letter, IFAC provides recommendations in response to the general objectives stated in the G20’s Declaration from the Summit on Financial Markets and the World Economy issued on November 15, 2008.

IFAC believes that the accountancy profession will have an essential role to play in resolving the current crisis and in building a reformed international financial system. Therefore, IFAC would like to support the G20 in its work in facilitating change throughout the world. In doing so, IFAC submitted separate letters (of which this is one) to three of the four G20 Working Groups. In each letter, IFAC provides recommendations in response to the general objectives stated in the G20’s Declaration from the Summit on Financial Markets and the World Economy issued on November 15, 2008.