The Compliance Advisory Panel (CAP) oversees the implementation and operation of the IFAC Member Body Compliance Program. The CAP is also responsible for making recommendations to the IFAC Board about the membership application process including recommending new applicants for membership.
The Developing Nations Committee supports the development of the accountancy profession in all regions of the world by representing and addressing the interests of developing nations. This includes seeking resources and development assistance from member bodies and other organizations on their behalf.
The International Accounting Education Standards Board (formerly the Education Committee) develops guidance, conducts research, and facilitates the exchange of information to ensure that accountants are adequately trained to meet their responsibilities to the public and their employers and to contribute to the worldwide harmonization of the profession. An important committee focus is assisting developing nations in the advancement of accounting education.
The IAASB works to improve the uniformity of auditing practices and related services throughout the world by issuing pronouncements on a variety of audit and assurance functions and by promoting their acceptance worldwide.
The International Ethics Standards Board for Accountants (formerly the Ethics Committee) develops guidance on professional ethics and promotes its understanding and acceptance by member bodies. Significantly, the committee continually monitors and stimulates debate on a wide range of ethical issues to ensure that its guidance is responsive to the expectations and challenges of individuals, businesses, financial institutions and others relying on accountants' work.
The International Public Sector Accounting Standards Board focuses on the accounting and financial reporting needs of national, regional and local governments, related governmental agencies, and the constituencies they serve. It addresses these needs by issuing and promoting benchmark guidance, conducting educational and research programs, and facilitating the exchange of information among accountants and those who work in the public sector or rely on thier work.
The IFAC Nominating Committee makes recommendations regarding the composition of IFAC boards, committees and task forces. It is guided by the principle of choosing the candidate with the best qualifications to fill these volunteer roles.
The PAIB Committee publishes guidance, sponsors research programs, and facilitates the international exchange of ideas to develop and support financial and management accounting professionals. It also works to build public awareness, understanding and demand for the services of these professionals worldwide.
The Small and Medium Practices Committee represents the interests of professional accountants operating in small- and medium-sized practices and other professional accountants who provide services to small- and medium-sized enterprises to international standard setters, IFAC boards and committees, and other international organizations.
The Transnational Auditors Committee (TAC) is the executive committee of the Forum of Forms (FoF) and a committee of IFAC. Membership in the FoF is open to all firms performing or wishing to perform transnational audits. Member firms will be expected, among other things, to conform to the FoF Quality Standards.
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