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(New York/December 17, 2007)

To increase the accessibility of its guidance worldwide, the International Federation of Accountants (IFAC) has developed a database that enables professional accountants to locate third-party translations of its pronouncements in more than 30 languages. The database features information on the languages available, publication titles, names of translating organizations and, where available, lists of translated key terms.

To facilitate translation and reproduction of its pronouncements, IFAC has released the following two updated policy statements:
Policy for Reproducing, or Translating and Reproducing, Publications Issued by the International Federation of Accountants; and
Permission to State that the International Federation of Accountants has Considered a Translating Body's Process for Translating Standards and Guidance.

These initiatives are the first of a number of ways in which IFAC is working to make its standards and guidance, especially those of its independent standard-setting boards, available to the widest international audience. This is
central to IFAC?s mission of serving the public interest, promoting adherence to high quality professional standards, and furthering international convergence.

The translations database and the policy statements can be accessed on the IFAC website
at http://www.ifac.org/translations

Founded in 1977, IFAC is the global organization for the accountancy profession dedicated to serving the public interest by strengthening the profession and contributing to the development of strong international economies. IFAC is
comprised of 158 members and associates in 123 countries, representing more than 2.5 million accountants in public practice, education, government service, industry and commerce. Through its independent standard-setting boards, IFAC sets international standards on ethics, auditing and assurance, education and public sector accounting. It also issues guidance to encourage high quality performance by professional accountants in business.

Copyright 2006. The Association of Accountancy Bodies in West Africa. All Rights Reserved.