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LETTER OF THE CHAIRMAN

2

Dear Colleagues,

I am delighted to introduce to you the

new issue of IAFEI QUARTERLY, which

you will find vastly improved in terms

of content and graphical layout.

All thanks go toour Chief Editor Helmut

Schnabel for the great work he is

doing on behalf of almost 20 thousand

CFOs around the world, members of

the national institutes affiliated with

IAFEI, to deliver to them complete

and targeted information on themes

regarding their professional activity.

The increased involvement of the

Technical Committees gives us the

opportunity to analyse in depth

numerous technical issues, and the

variety of international inputs create

fascinating and useful benchmarks.

While IAFEI continues to initiate

structural reform proposals for

renewing and strengthening our

organization, about which we will

keep you informed in the coming

months, I must immediately thank our

Russian associates for the enormous

efforts currently being put into the

preparation of our upcoming Annual

Congress, scheduled for 14-15-16

September in Moscow.

It is the first time ever for this event

in Russia, but the enthusiasm and

commitment of our colleagues there

will certainly ensure a very successful

and high-profile congress.

Best wishes for your work, and

for enjoyable reading of the IAFEI

QUARTERLY.

Fausto Cosi

IAFEI Chairman