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IFAC PAO Development Seminar: Realising the Power of PAOs - Aug 2012

August 2012

CAPA worked in partnership with the International Federation of Accountants (IFAC) to organise a seminar titled "Realising the Power of PAOs". The Seminar was held on 17 August 2012 in Hanoi, Vietnam.

The focus of this Seminar is to consider the benefits, challenges, and key components involved in the development of a professional accountancy organisation (PAO). Well-functioning PAOs directly advance the ability of the profession to provide high-quality financial reporting, valuable information and integral services to investors, business owners, government and the general public.

The first three parts of this workshop-style seminar included presentations from a number of prestigious speakers representing the donor community, IFAC, the global accountancy profession and PAOs across the region. The fourth was a discussion session during which all attendees talked about the profession in their country and described their own experiences of developing their PAO, in the context of the information provided earlier in the Seminar. In order to get the most benefit from the discussion, attendees from PAOs in the region were encouraged to consider the following:

  • How is the accountancy profession organised in your country? Who has responsibility for adopting and implementing international standards?
  • What are the responsibilities of your PAO in the country? What are your current priorities?
  • What would you describe as a) your biggest achievement and b) your biggest challenge in terms of delivering on your priorities and advancing development of your PAO?
  • Have you obtained donor funding? What was the process and what were the project aims?
  • Have you received mentoring assistance from a more-established IFAC member body? How did you find the experience?
  • What kind of support from the stakeholders in the room would you find most useful?

Jackie Poirier, Chair of CAPA's PAO Development Committee gave a presentation titled "The Regional Approach to PAO Support". Click on the relevant links below for her speech and presentation. The Seminar agenda is provided below.

Seminar Agenda

The Regional Approach to PAO Support (speech) - Jackie Poirier
The Regional Approach to PAO Support (presentation) - Jackie Poirier

For further information about the Seminar and other selected presentations, please refer to the IFAC website at: https://www.ifac.org/news-events/2012-08/realizing-power-professional-accountancy-organizations