The International Federation of Accountants’ (IFAC) Board and Council meeting was held on November 9, 2006 for a five day period in Turkey. Leaders of accountancy institutes, worldwide, attended the meeting. The reins of the organization were turned over to new IFAC President Juan José Fermín del Valle of Argentina, and the Council approved the nomination of Robert L. Bunting of the United States as Deputy President. Each of these individuals will serve in their respective capacity through November 2008.
Newly elected IFAC President Del Valle emphasized his commitment to enhancing societies around the world by contributing to their economic growth and development.
During the meeting, Developing Nations Committee Chair Ndung’u Gathinji announced the production of new French and Spanish language versions of the IFAC good practice guidance for the profession in developing nations, entitled Establishing and Developing a Professional Accountancy Body.
The IFAC Council also approved a new constitution designed to modernize IFAC’s approach to constitutional issues and to enhance specific aspects of governance.
IFAC is the worldwide organization for the accountancy profession dedicated to serve the public interest by strengthening the profession and contributing to the development of strong international economies.
For more information please visit the following website: www.ifac.org