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As the global organization for the accountancy profession, IFAC is committed to protecting the public interest by developing high-quality international standards, promoting strong ethical values, encouraging quality practice, and supporting the development of all sectors of the profession around the world.
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Visit the 2010 World Congress Web Site - The 18th World Congress of Accountants will be held from November 8-11, 2010 in Kuala Lumpur, Malaysia. Professional accountants, international regulators, standard setters, government officials, corporate leaders, and the leadership of the international accountancy profession are invited to attend.
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IFAC Publishes Quality Control Implementation Guide for SMPs - IFAC has published a Guide to Quality Control for Use by Small- and Medium-sized Practices. The guide, including an integrated case study, two firm policy manuals, and key checklists and forms, is intended to help SMPs understand and efficiently apply International Standard on Quality Control 1, as redrafted under the IAASB's Clarity Project.
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Clarity Project Reaches Completion - The International Auditing and Assurance Standards Board has completed its Clarity Project. As a result of this landmark achievement, auditors worldwide will have access to 36 newly updated and clarified International Standards on Auditing (ISAs) and a clarified International Standard on Quality Control. The clarified standards, as well as FAQs and other support materials, are featured in a new Clarity Center on the IAASB website (http://www.ifac.org/IAASB/).
IFAC is comprised of 158 members and associates in 123 countries and jurisdictions, representing over 2.5 million accountants. Member bodies participate in IFAC's Member Body Compliance Program, demonstrating their commitment to promoting high quality standards for the world's accountants. Member and associate responses to Parts 1 and 2 of the Compliance Program, and action plans developed to further convergence and meet other IFAC membership requirements, have been posted to IFAC's website.
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