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Increasing our international footprint (3 of 3)
International platforms, international influence
Our participation at the World Congress of Accountants in Istanbul in November, as well as our conference in Hong Kong, provided an opportunity to explore many of the issues we have been dealing with as a professional body, from sustainable development and European financial market stability, to models for future business reporting and money laundering. Our London conference in December provided a platform on which we were able to engage with the Economic Secretary on EC accounting issues and the challenges of convergence which impact on companies worldwide.
Partnerships and engagement
In 2006 we continued to work with our colleagues and counterparts in all parts of the world. In particular, our involvement with the International Federation of Accountants (IFAC) has been important. Being part of an organisation that sets global auditing standards means that we are well placed to influence those standards. The fact that IFAC chose to base its revised ethical guidance in 2006 on a model developed by the ICAEW demonstrates the strength of this relationship.
Support for developing economies
Through our engagement with IFAC we are also able to support the profession across emerging economies. In 2006 for example, we lent our support to the profession in Eastern and Central Africa, as well as in the Caribbean. Closer to home we participated in the City of London placement programme for practitioners from new member states of the European Union (EU).
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