IFAC’s 12 recommendations focus on:
- Good governance and regaining trust in key public and private sector structures, frameworks, and organizational and regulatory arrangements;
- Globally consistent, good regulation, that enables, promotes, and does not hamper growth and good governance;
- Resolving poor financial management, transparency, and accountability that persists in many G-20 countries and beyond; and
- A transparent, fair, and effectual international taxation system, and the need for collaboration and inclusiveness in implementing reforms.