Letter to International Federation of Accountants (IFAC)
You may be interested in a letter I have sent to the International Federation of Accountants (IFAC) which plays an important role in setting accounting standards globally.
It focussed on two matters.
1. CPA Australia's poor example as a member, and possibly IFAC being guilty of the same scandalous remuneration that has earned CPA Australia such public and professional censure.
2. IFAC's possible failure to deal with THE big accounting issue of today being the drift from audit services to non-audit services by the Big Four accounting firms, and the enormous risks that poses. This has been dragging on for years and needs the profession to proactively deal with it not avoid it..
It is going to IFAC and all its 170 member organisations.
See what you think