BusinessPeople In BusinessIFAC to work with UN on corporate governance

IFAC to work with UN on corporate governance

The International Federation of Accountants has agreed to work closely with the United Nations in order to improve corporate governance and accountability, following a meeting in Paris last week.

Link: IFAC appoints new board member

The global accounting body signed a memorandum of understanding with the United Nations Conference on Trade and Development to collaborate on achieving greater recognition of the value of good governance, reliable accounting and clear accountability. It is hoped the work will act as a route to economic growth and social development.

Early projects between the two organisations will focus on education and training programmes, as well as corporate governance.

IFAC has also established a working group, headed up by the Auditor General of Australia, Patrick Barrett, to identify other initiatives that can be undertaken in this area.

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