This strategy and work plan sets out the vision, strategic direction and corresponding work plan of the International Federation of Accountants’ (IFAC) Professional Accountancy Organization Development Committee for the period 2011-2014. This vision exists within the context of the current and anticipated environment in addition to the perceived needs of Professional Accountancy Organizations (PAOs) in emerging and developing countries and their country contexts.

The SMP Committee’s Strategy and Work Plan for 2013–2016 outlines the committee’s objectives, strategic plan, and key outputs. It highlights how the SMP Committee’s planned activities align with and support IFAC’s overall strategy and work plan to support the worldwide accountancy profession. While this document contains the SMP Committee’s strategy for the four-year period 2013–2016, the work plan activities detailed are only for 2013. Work plans for the three subsequent years will be developed annually.

The IFAC Member Body Compliance Program Strategy 2011-2014 highlights the progress of the Compliance Program to date and includes initiatives to further improve the quality of the accountancy profession worldwide.

The 2011 IESBA Annual Report summarizes the progress made on the IESBA's 2011 Work Plan, including key projects on conflicts of interest, addressing a breach of a requirement of the Code, and responding to a suspected illegal act.

This Strategy and Work Program sets the direction and priorities for the activities of the IAASB for the three-year period from January 2012 to December 2014, set within the stated objective and strategic initiatives of the IAASB’s Terms of Reference. It responds to significant developments in the environment in which audit, other assurance and related services are performed and in which standards for such services are set.

The International Ethics Standards Board for Accountants (IESBA) has added additional workstreams to its Strategy and Work Plan for 2012. The board is considering additional projects in the areas of: firm rotation, non-assurance services, the structure of the Code of Ethics for Professional Accountants (the Code), and Part C of the Code.  

The Compliance Advisory Panel oversees the implementation and operation of the IFAC Compliance Program, which is the responsibility of the IFAC staff and operates in accordance with this agreed upon Strategy and SMO Revision Due Process.

The plan outlines the link between IFAC's activities and services in 2013 and its mission and strategies articulated in the strategic plan. It details the services planned to be delivered during 2013, the estimated costs of delivery of those services, the specific organizational and staffing matters to be addressed during 2013, and the 2013 budget to support the operations.

The Strategy and Work Plan sets the direction and priorities for activities of the International Ethics Standards Board for Accountants (IESBA) for the period 2011–2012. The strategy of the IESBA during this period is to build on the strong base established by the revised Code of Ethics for Professional Accountants issued in July 2009. The strategy comprises three activities.