CICA's President & CEO, David W, Smith, FCA, was appointed to the Board of the international Federation of Accountants (iFAC) at the federation's meeting in Singapore in November 2003. Smith replaces former CfCA Chair, Guyiaine Saucier, FCA, who retired from the iFAC Board at the end of her three-year term. As an IFAC Board member, Smith will heap the organization carry out its mission of serving the public interest, strengthening the worldwide accountancy profession and contributing to the development of strong international economies.
"Establishing and implementing an oversight process for the setting of global auditing standards is a priority for IFAC," said David Srnrth. "I hope to use our recent experience with developing the Canadian Public Accountability Board (CPAB) as a cooperative venture that did not require legislative intervention in assisling IFAC with this global challenge."
IFAC is the worldwide organization for the accountancy profession, its mission is to develop and enhance the profession to enable it to provide services of consistently high quality in the public interest, its current membership consists of 155 professional accountancy bodies in 114 countries, representing more than 2.4 million accountants in public practice, education, government service, industry and commerce.
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