PracticeConsultingAccountancy Age at IFAC 2000, Edinburgh

Accountancy Age at IFAC 2000, Edinburgh

Accountants from around 65 nations, regulators, investors and lawyers gathered in Scotland's capital last week for the International Federation of Accountants' conference aimed at gauging the needs of capital markets.

The overriding theme that came out of the conference was the urgent need for all professionals involved in finance and capital markets to work closer together, aside from the all important announcements made concerning the restructuring of IFAC and the International Accounting Standards Committee.

Achievements, such as the recent endorsement of one set of global standards to be used worldwide, were hailed by those in and out of the profession. But, the importance of moving forward and aiding emerging economies remained the driving force behind the gathering.

Mary Keegan, head of global corporate reporting group at PricewaterhouseCoopers, re-emphasised the profession’s duty to start focusing more on enforcement of rules. But warned the profession not to step on the toes of domestic governments in doing so.

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