The International Federation of Accountants (IFAC), the global organization for the accountancy profession with members and associates in 127 countries, today released the results of its 2011 IFAC Global Leadership Survey of the Accounting Profession.Respondents identified three issues of particular concern to the profession in 2012: the Difficult global financial climate, Enhancing the reputation/credibility of the profession, and Addressing the needs of SMPs and SMEs. Additional concerns for this year include: Issues related to EU draft legislation, Public sector/sovereign debt issues, Increased regulation, Global regulatory convergence, Role of the professional accountant in business, and Auditor independence.
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