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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