In recognition of "World Accountancy Week," the International Federation of Accountants (IFAC) has released the results of its first annual Global Leadership Survey, which highlights issues the profession will be addressing in the coming year, national and regional perspectives on economic growth, and the profession’s role in contributing to that growth.
Worldwide leaders of professional accountancy organizations believe that a strong accountancy profession plays a key role in economic development globally and nationally and that an important focus in 2008 will be maintaining the profession’s good reputation, according to survey results. The IFAC survey also shows that in the coming year global accountancy leaders will focus on attracting new accounting talent to their ranks, particularly in regions such as sub-Saharan Africa, the Middle East, North Africa, and North America, where the most pressing staff shortages exist.
“Maintaining a strong reputation is critical to attracting and retaining talented accountancy professionals,” emphasizes IFAC President Fermín del Valle. “In particular, investor confidence in the profession is vital to the profession’s ability to contribute to the optimal functioning of capital markets and, consequently, to economic development.”
See full Press Release.
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