Chartered Institute of Management Accountants

13 April 2006

CIMA (the Chartered Institute of Management Accountants) has hosted The Professional Accountants in Business (PAIB) Committee of the International Federation of Accountants (IFAC) at its Central London Headquarters.

The three day meeting from Monday 3 April 2006 was chaired by Bill Connell, PAIB Chair and CIMA Member.  Speaking after the meeting he said:

“The importance of professional accountants in business was again emphasised by Graham Ward, IFAC President who addressed the meeting on day two.  The PAIB Committee reviewed the implementation plan for the new web-based information system being developed by IFAC, considered topics to develop in its 'principles-based good practice guidance and agreed three year action plans for sustainability and internal controls. The Committee also discussed how to leverage 'Enterprise Governance - Getting the Balance Right' in the important area of governance.  All in all it made for a packed agenda.”

The PAIB Committee serves IFAC member bodies and professional accountants who work in commerce, industry, the public sector, education, and the not-for-profit sector.  Its aim is to enhance the profession by encouraging and facilitating the global development and exchange of knowledge and best practices. It also works to build public awareness of the value of professional accountants.

- ENDS -

For media enquiries only, please contact:

Steven Hilton
Press Officer, CIMA
+44 (0) 20 8849 2427
steven.hilton@cimaglobal.com

Notes to editors

1. CIMA (the Chartered Institute of Management Accountants) is the only international accountancy body with a sole focus on business.  It is a world leading professional institute that offers an internationally recognised qualification in management accountancy, focusing on accounting in business, in both the private and public sectors. It is the fastest growing UK based accountancy body, in terms of members, in both the UK and worldwide and is the voice of over 85,000 students and 65,000 members in 158 countries.  CIMA is responsible for the education and training of management accountants who work in industry, commerce and not-for-profit and has more members in the public sector than any other UK based body.  CIMA prides itself on the commercial relevance of its syllabus, which is in tune with the activities of high performance organisations, and evolves continually to reflect the latest developments in global business.  It is committed to upholding the highest ethical and professional standards of members and students, and to maintaining public confidence in management accountancy.  For more information about CIMA, please go to http://www.cimaglobal.com/
   

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