Determinedly fighting the auditors' corner

Article Abstract:

Germany's small community of auditors is expected to grow as the service sector grows and as more family-owned companies tap the financial markets to raise capital. The German auditors' association, the Institut der Wirtschaftsprufer, currently has only 7,500 members and a 70-member secretariat. The profession's growth has been hampered partly by the business community's focus on tax accounting, which promotes the growth of the accounting profession but not the auditing profession. Another inhibiting factor may be the difficulty of getting qualification. German auditors qualify usually after at least four years in a firm and at an average age of 34, about eight years or more older than their British counterparts. Nevertheless, the Institute's president Peter Schmidt claims the the number of auditors is increasing because of auditing's increasing reputation as a lucrative profession.

Germany, Services, Auditing, Auditors, Schmidt, Peter

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Will IFAC pick up the reins from ISAR?

Article Abstract:

The impending demise of the UN accountancy body ISAR presents an opportunity for the International Federation of Accountants (IFAC) to realize its ambition of playing a prominent role in encouraging the development of the accountancy profession in the Third World. The Federation has recently been criticized for not doing enough to help members from nations that need the most assistance. Once, it even refused an invitation to participate in a UN initiative to develop an international qualification. IFAC Deputy Pres. Frank Harding is currently working towards establishing better relations with the UN by re-opening more positive channels of communication. He is also leading efforts intended to promote professional excellence in developing nations and to improve the IFAC's image among members as well as the public.

International aspects, Accounting, Accountants, International Federation of Accountants

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