The International Federation of Accountants is seeking nominations for a public member for the International Ethics Standards Board for Accountants and for the International Public Sector Accounting Standards Board, two independent standard-setting boards within the federation.
Individuals, organizations, accounting firms, and IFAC member and regional accountancy bodies may submit nominations for the positions by April 15. Public members are expected to act in the public interest and must be seen to be independent of any special interests and seen to be acting to represent society as a whole.
The ethics standards board develops the IFAC "Code of Ethics for Professional Accountants," and the board's interpretations apply to all professional accountants. No member body of IFAC or any firm issuing reports in accordance with International Standards on Auditing can apply lesser standards than those outlined in the code.
The public sector board develops standards for use by governments and other public sector entities in the preparation of financial statements. The board's aim is to enhance the quality and transparency of public sector financial reporting and strengthen public confidence in public sector financial management.
Nominees for either public member position must have an appropriate level of knowledge about the work of the respective board, although they need not have a professional accountancy designation. The "Call for Nominations" section of the IFAC Web site has more information on the selection process and expected time commitments to serve on the boards. An electronic candidate information form is available at www.ifac.org/NominationForms.
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