Accounting Standards

IFAC partners with global health leaders

The international body has teamed up with Gavi, the Vaccine Alliance and the Global Fund to Fight AIDS, Tuberculosis and Malaria to support the introduction of strong accountancy practices in the public health sector

The International Federation of Accountants (IFAC) has announced its latest partnership with global health leaders, Gavi, the Vaccine Alliance and the Global Fund to Fight AIDS, Tuberculosis and Malaria.

This latest endeavour by the international body has been done to support the introduction of “strong and robust” accountancy in the public health sector.

Gavi, the Vaccine Alliance is a public-private partnership that assists in vaccinating half the world’s children against deadly diseases, while the Global Fund focuses on defeating HIV, TB and malaria.

Through a Memorandum of Understanding (MoU), each organisation seeks to “close the gaps” in accountancy skills in order to impact the reliability and effectiveness of managing and disbursing funds.

Alan Johnson, IFAC’s president, said: “Robust and transparent accounting and reporting systems are the bedrock of strong public financial management and are thereby critical to the effectiveness and impact of Gavi and The Global Fund’s disbursement of lifesaving funds and resources.

“Leveraging our global network and accountancy expertise, this MoU underscores the unique value that IFAC and our member bodies bring to organizations with a shared interest in enhancing the accountancy function to build a resilient and sustainable public health sector that leads to a fairer society for all.”

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