(New York)—The International Federation of Accountants (IFAC) released on June 12, 2007 exposure draft (ED), entitled “Project Appraisal Using Discounted Cash Flow” and “Guidance of codes of conduct, developed by IFAC’s Professional Accountants in Business (PAIB) Committee.
The proposed draft aims at supporting professional accountants in business in applying and promoting the use of discounted cash flow and net present value to evaluate investments.. IFAC asks for feedback on both the content and approach by September 12, 2007.
New Guidance on Developing Codes of Conduct will assist professional accountants and their organizations in developing and implementing a code of conduct within a values-based culture. It can be downloaded free-of-charge from the IFAC online bookstore at http://www.ifac.org/store. The PAIB Committee welcomes further feedback on this document during the exposure period for the Preface.
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.
The PAIB Committee serves IFAC member bodies and more than one million professional accountants worldwide who work in commerce, industry, the public sector, education and the not-for-profit sector. It aims to enhance the profession by encouraging and facilitating the global development and exchange of knowledge and best practices.
For more information please visit the following website: www.ifac.org