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.

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