The International Federation of Accountants (IFAC) announced on October 2, 2006, that with the assistance of its members, it has developed ifacnet- a KnoweldgeNet for Accountants in Business (www.ifacnet.com) the new global resource aims at providing one step-access to leading-edge articles, good practice guidance, and tools and techniques for accountants employed in commerce, industry, the public sector, education, and the non -for -profit sector. The service will be provided for free.
IFAC Chief Executive Ian Ball stated “This new resource, developed under the leadership of our Professional Accountants in Business Committee (PAIB), facilitates the sharing of the information among IFAC’s member organizations and professional accountants worldwide”
Thirteen accountancy organizations together with IFAC, currently participate in the KnowledgeNet by sharing their electronic resources through IFACnet. In addition, during the first quarter of 2007, the KnowledgeNet will be expanded to serve the needs of small and medium practices and, by the end of 2007, will offer customized information for broader audiences of accountants.
"Users of IFACnet will find relevant information on a wide range of financial and management accounting topics, including strategy, budgeting and planning, corporate governance, risk management, and professional development emphasis," points out Bill Connell, Chair of the IFAC PAIB Committee.
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