AN AIDE to the World Bank’s programme of helping countries implement international accounting standards has been awarded IFAC’s highest honour.
Robert Mednick has been awarded the accounting federation’s Sempier Award at the opening ceremony of the World Congress of Accountants in Kuala Lumpur.
The Sempier Award recognises outstanding contribution to the accountancy profession. Mednick has spent two consecutive terms as chair of IFAC’s compliance advisory panel, his participation on IFAC’s accountants legal liability task force, and his service as a consultant with the World Bank.
IFAC president Robert Bunting, who presented Mednick with the award, said: “His dedication and achievements in strengthening the profession internationally have raised the bar for all of us and exemplified Sempier’s vision for IFAC and for the international accounting profession.”
René Ricol and Dr Wang Jun were also presented with special awards.
Ricol was recognised for his term as IFAC president and efforts with the French accounting profession and government.
Dr Jun was awarded for his contributions to the international accounting profession, including his role as vice minister of finance in China and its implementation of new Chinese accounting and auditing standards, plus his advocacy of convergence for Chinese and international standards.
“These three recognitions remind us of the very diverse ways in which these three leaders have served the public interest through their work in, or related to, the accounting profession,” Bunting added.
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