BusinessCompany NewsWard takes on IFAC presidency

Ward takes on IFAC presidency

Former ICAEW president Graham Ward has been appointed president of the International Federation of Accountants, a position he will hold for two years.

Link: Incoming IFAC president gets CBE

Ward, who was formerly chairman of the Consultancy Committee of Accountancy Bodies and deputy chairman of the Financial Reporting Council, took up the position at the global organisation today (Thursday), replacing Ren‚ Ricol.

‘Over the next two years, we will focus on helping developing nations to build an accountancy profession characterised by adherence to high standards and IFAC’s core values of integrity, transparency and expertise,’ said Ward.

‘We will support them in developing strong infrastructures that protect the public interest, thereby promoting employment, health and stability. Recognising the vital importance of SMEs to driving economic growth, we will also provide practical support to the small and medium-sized practices that serve them, in both developed and developing countries.’

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