IFAC is the global organisation for the accountancy profession, and our interaction with the PAIB Committee has strong parallels at a strategic level with the relationship between the treasurer and their accounting and finance colleagues in the business. Our involvement with the PAIB Committee is also significant for approximately 50% of ACT members who are accountants – and by large, PAIBs themselves. The ACT is assisting in updating the PAIB Committee’s good practice guidance on investment appraisal, to be published in 2013. We are also involved in a project looking at integrating risk management and control within the firm’s overall governance ramework. These and similar interactions will help us collaborate more effectively with accounting bodies worldwide, and will help us ensure that our thought leadership initiatives complement and reflect those in the accounting profession. PAIB Committee publishes its strategy and work plan at Professional Accountants in Business (PAIB) Strategy and Work Plan for 2013–2016 and is actively seeking input and comments by 31 March 2013. ---------- Ends ---------------- For further information please contact: James Lockyer, Development Director at the ACT: jlockyer@treasurers.org.