The International Federation of Accountants (IFAC) Policy Position Paper #4, entitled A Public Interest Framework for the Accountancy Profession was designed to accomplish which of the following?

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The IFAC Policy Position Paper #4 was designed to better evaluate whether the public interest is being served through actions of the profession. It establishes a framework for professional accountants to use when determining their responsibilities concerning the public interest. It also provides guidance for standard-setters, regulators, and policy-makers to evaluate the impact of their decisions on the public interest. It does not attempt to create an international CPA certificate, establish global corporate disclosure standards, or develop guidelines for auditors to express professional judgment.