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IECnet Member elected to the Transnational Auditors Committee of IFAC

Frederic Borràs has been elected by member firms of the Forum of Firms (FoF) to become a member of the Transnational Auditors Committee (TAC) of the International Federation of Accountants (IFAC).

This will be for a period of two years commencing on the 1st of January 2020.

Borràs is an IECnet board member, chairman of the IECnet committee on Audit, and also a partner of Morera Asesores & Auditores which is a member firm of IECnet in Barcelona.

IECnet has been a member of the Forum of Firms since 2009, and is one of 31 member networks of the Forum.

The IFAC Transnational Auditors Committee (TAC) serves as the official link between IFAC and the FoF. Its main role is to encourage members of the FoF to conduct quality audits by requiring the commitment to comply with certain international standards as a condition of membership.

The TAC supports audit quality by:

  • Identifying audit practise issues and making recommendations to the appropriate standard setting boards to review these issues as needed;
  • Providing a forum to discuss best practises in areas including quality control, auditing, independence, and training and continuing professional development;
  • Facilitating interaction among transnational firms, international regulators, and financial institutions with regard to audit quality, systems of quality control, and transparency of international networks;
  • Identifying qualified candidates to serve on the international standard-setting boards.

 

By Mishelle Thurai

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