IFAC board Extends term of chief executive-1

The board of the International Federation of Accountants has announced an extension to the contract of Chief Executive Ian Ball through December 2009. Ball assumed his position in June 2002. During his tenure, he has helped to shape and implement the reforms that have strengthened IFAC standard-setting processes and has worked to enhance IFAC’s relationships with international regulatory organizations as well as IFAC’s member bodies, regional accountancy organizations and accounting firms.

“We are delighted that Ian will continue to provide IFAC with his leadership at this very important time for the international profession,” says IFAC President Graham Ward. “He has done much to encourage a deeper understanding by key stakeholders and the public of the role of IFAC and its member organizations in promoting quality performance by accountants worldwide.”

Looking ahead to some of IFAC’s future challenges, Ball says: “Alongside our key objective of achieving convergence to international standards, we will be focusing increased attention on building accountancy capacity worldwide, developing and promoting the important role of professional accountants in business, and promoting sound governmental financial management and financial reporting. These activities are critical both to IFAC’s mission of serving the public interest by strengthening the profession and to contributing to the development of strong and stable international economies.”