1. Richard Mallett Director Technical Development

2. International Federation of Accountants IFAC Resource Center – October 2005

3. Professional Accountants in Business Committee

4. BACKGROUND Response to Member Body feedback PAIB Mission: – –To enable IFAC to uniquely add value to professional accountants in business PAIB Strategic objective: – –To facilitate communication and sharing of knowledge between IFAC member bodies

5. NEW WAY OF WORKING – STAGE 2

6. IFAC RESOURCE CENTER PROJECT Vision Unique and comprehensive information tool for PAIBs

7. IFAC RESOURCE CENTER PROJECT Objective Centralize relevant professional resources: – –IFAC member body material – –Other targeted sources of pertinent information

8. IFAC RESOURCE CENTER PROJECT Output Website tailored to PAIB needs: Search platform (mini Google for PAIBs) Other community features such as – –News section – –Hot topics

9. IFAC RESOURCE CENTER PROJECT Rationale Facilitates communication & sharing of professional knowledge Fills the gap - no global online centralized resource for PAIBs Addresses changing knowledge requirements of PAIBs - dynamic solution Optimum solution given resource constraints

10. PROJECT PROGRESS Phase 1 – Proof of concept Phase 1 - January to June 2005 Limited scope project to test viability – $50k Comprehensive evaluation by 7 member bodies and IFAC Successful proof of concept Approval by IFAC Board July 2005 to continue project

11. PROJECT PROGRESS Current Status Initiation of Phase 2A – Resolution of Phase 1 issues Expected completion January 2006 Report and recommendation to be put to IFAC Board Meeting February 2006

12. STEERING COMMITTEE Alex Hilman ICPAS IsraelAlex Hilman ICPAS Israel Ashok Haldia ICAI IndiaAshok Haldia ICAI India Bill Connell CIMA UK (chair)Bill Connell CIMA UK (chair) Bill Brower IMA USABill Brower IMA USA Bill Langdon CMA CanadaBill Langdon CMA Canada Brian Kearney ICAI IrelandBrian Kearney ICAI Ireland Chris Jackson ICAEW UKChris Jackson ICAEW UK Edward Chow HKICPAEdward Chow HKICPA Paul Thompson IFACPaul Thompson IFAC Rajkumar Adukia ICAI IndiaRajkumar Adukia ICAI India Richard Mallett CIMA UKRichard Mallett CIMA UK Robin Mathieson IFACRobin Mathieson IFAC John Petty CPA AustraliaJohn Petty CPA Australia Stephen Walker IFACStephen Walker IFAC

13. FURTHER INFORMATION Robin Mathieson, PAIB Technical Manager: robinmathieson@ifac.org Anne-Marie Ellison, Project coordinator: ellison@ifac.org

14. International Federation of Accountants