As a Professional Accounting Organization (PAO), PIPFA is a Full member of International Federation of Accountants (IFAC).
The Technical Services Department of the Institute plays a very important role in fulfilling its role as an active and compliant member
of IFAC by ensuring compliance to Membership obligations. The Technical Services Department is primarily tasked with the responsibility
to continuously review compliance to various pronouncements, guidelines and standards issued by various Boards including
IPSASB, IAASB, IAESB, IESBA & PIOB in collaboration with other departments and Committees of the Institute. The dissemination of
technical updates, requests for comments on exposure drafts and proposed new adoptions of new & revised standards and other
relevant news to the PIPFA members is also a key function of the technical services department. The Board of Governors (BOG) of
PIPFA has also tasked the Technical Services Department with other responsibilities including Enactment process, development and
continuous revision of Standard Operating Procedures (SOP)s of all the working committees of the Board, Updating of the Memorandum & Articles
of Association of the Institute in light of Companies Act, 2017, drafting of the PIPFA Act for converting it to a Statutory Body and
documenting the KPIs of PIPFA Personnel.
The Technical Department also coordinates with International professional bodies such as
IFAC,
IASB,
CIPFA and
ACCA.