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Graham Ward, President of the International Federation of Accountants (IFAC) visited Sri Lanka recently on the invitation of The Institute of Chartered Accountants of Sri Lanka (ICASL).

Ward, holds the presidency of IFAC from November 2004. He has served as a member of the IFAC board from May 2000 to November 2004. During that time he was instrumental in the creation of the task force on rebuilding confidence in financial reporting and in developing its final report issued in August 2003.

He also served as a member of IFAC's medium-term strategy and action plan review group, regulatory liaison group and quality control group, according to a press release, issued by IFAC. Currently a senior partner within the Global Energy and Utilities Group at PricewaterhouseCoopers in UK, Ward has more than 30 years' experience in the accountancy profession.

He is a member and former deputy chairman of the Financial Reporting Council and a member of its Corporate Governance Committee, a former vice chairman of the Auditing Practices Board, a former member of the City Panel on Takeovers and Mergers, all in the UK, and a past president of the Institute of Chartered Accountants in England and Wales, an IFAC member body.

He was a Member of the Advisory Panel to the review of the Regulatory Framework for Legal Services in England and Wales, carried out by Sir David Clementi, published in 2004.

He was appointed Commander of the Most Excellent Order of the British Empire (CBE) in June 2004 for his services to exports.

A leader in the energy field, Ward is also a member of the Executive Council of the Parliamentary Group for Energy Studies and a former chairman of the British Energy Association of the World Energy Council and the Power Sector Advisory Group of UK Trade and Investment.

The release said recognising the international accountancy profession's role and responsibilities in fostering economic growth in developing nations, the International Federation of Accountants' (IFAC) Developing Nations Committee has released guidance entitled Establishing and Developing a Professional Accountancy Body.

CD-ROM, this new guidance will be a valuable resource to development partners, governments and others seeking to build accountancy capacity in various countries, as well as to many of IFAC's current and future member organisations.

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