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A Global Debate on Preparing Accountants for Finance ...

THE ROLE AND EXPECTATIONS OF A CFOA Global Debate on Preparing Accountants for Finance LeadershipDiscussion Paper2 The mission of the International Federation of Accountants (IFAC) is to serve the public interest by: contributing to the development of high-quality standards and guidance; facilitating the adoption and implementation of high-quality standards and guidance; contributing to the development of strong professional accountancy organizations and accounting firms and to high-quality practices by professional Accountants , and promoting the value of professional Accountants worldwide; and speaking out on public interest Professional Accountants in Business (PAIB) Committee serves IFAC member bodies and professional Accountants worldwide who work in commerce, industry, financial services, education, and the public and not-for-profit sectors.

(professional) accountancy qualification (27%) and an MBA (27%),according to a 2010 EY survey of 669 CFOs in Europe, the Middle East, India, and Africa, conducted by the Economist Intelligence Unit.1 Recently, the number of professional accountants in the CFO role has declined in some jurisdictions, particularly in larger organizations.

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