ICAN INCLUDED IN PAO CAPACITY BUILDING DATABASE OF POTENTIAL PARTNER ORGANIZATIONS

The Institute of Chartered Accountants of Nigeria (ICAN), amongst others, has been selected by an Independent Selection Panel for inclusion in the International Federation of Accountants (IFAC)’s professional accountancy organization (PAO) capacity building database of potential partner organizations. 
This was the outcome of the Expression of Interest (EoI) submitted by the Institute in November 2014 in response to an invitation from IFAC to indicate interest in providing PAO capacity building services. The database of potential partner organizations will be used to identify recipients of future Requests for Proposal (RFP) to provide services for specific PAO capacity building projects.
The PAO Capacity Building Program is based on an agreement between IFAC and the UK Department for International Development (DFID) to strengthen PAOs in ten developing countries over seven years. IFAC is the global organization for the accountancy profession, and DFID leads the UK’s work to end extreme poverty.
Project plans for the first three recipient countries/PAOs in Africa are currently being finalized by IFAC, in consultation with the Pan African Federation of Accountants (PAFA), and the Program Oversight Committee.
IFAC will facilitate, coordinate, and supervise projects, including peer-to-peer support by more established PAOs, to build developing country PAOs’ managerial, financial, and technical capacity so that they can drive improvements in professional and ethical standards.