IFAC's Professional Accountants in Business (PAIB) Committee has released a new International Good Practice Guidance document, titled Evaluating and Improving Governance in Organisations, to help professional accountants in business enhance governance and improve organisational performance.
The document includes a framework, a series of fundamental principles, supporting guidance, and references on how PAIBs can contribute to evaluating and improving governance in organisations.
The guidance encourages organisations to achieve a balance between conformance with regulations and driving organisational performance. It was designed to complement existing governance codes, such as the OECD Principles of Corporate Governance (2004) issued by the Organisation for Economic Co-operation and Development (OECD).
The PAIB Committee has also issued a separate document, Preface to IFAC's International Good Practice Guidance, which sets out the scope, purpose, and due process of the committee's International Good Practice Guidance series.
Both Evaluating and Improving Governance in Organisations and the Preface to IFAC's International Good Practice Guidance can be downloaded free of charge from the PAIB section of the IFAC online bookstore at www.ifac.org/store.