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  1. The future of business lies with the accounting profession. Join the world’s leading financial experts in Sydney, Australia, November 5-8, 2018 for the next World Congress of Accountants. This year’s theme, Global Challenges. Global Leaders., will inspire and inform your thinking on the future of accounting and our profession, and provide a unique opportunity to help shape that future. Five reasons to attend: Learn, adapt and accelerate your career through a technology-enabled curated conference experience. Ignite new business opportunities via thought leadership, turning ideas into solutions, and shaping the future of the profession. Network with 6000+ motivated professionals from 130 countries. Join the conversation at the Business Connect Hub and stay in touch with the Congress app. Explore cutting edge technology across more than 50 exhibits, expo presentations, activity and chillout zones, and barista coffee lounges. Be delighted by Sydney at its best through an immersive social program, from cruising the world’s largest natural harbour to our premier Gala event. Full details and the latest news is available on the World Congress of Accountants 2018 website. أضغط على الرابط لزيارة موقع الخبر
  2. The International Ethics Standards Board for Accountants (IESBA) seeks public comment by July 16, 2018, on its Proposed Strategy and Work Plan, 2019-2023. Leveraging the completely rewritten and significantly strengthened International Code of Ethics for Professional Accountants (including International Independence Standards), the proposed Strategy and Work Plan projects the IESBA’s vision for the Code in the global economy. The IESBA’s future priorities and actions will be guided by three strategic themes: Advancing the Code’s relevance by keeping it fit-for-purpose for a rapidly changing world, and further strengthening ethical conduct and independence standards; Deepening and expanding the Code’s impact and influence through increased global adoption and implementation; and Enriching the IESBA’s perspectives and capacities through proactive stakeholder dialogue and co-operation. The consultation paper was developed following extensive, wide-ranging engagement with stakeholders, including regulators, national standard setters and professional accounting organizations. Please submit your responses by July 16, 2018 to ensure your views are considered. أضغط على الرابط لزيارة موقع الخبر
  3. This Exposure Draft, Improvements to IPSAS, 2018, was developed and approved by the International Public Sector Accounting Standards Board (IPSASB). ED 65 proposes: General Improvements to IPSAS: Proposes improvements to IPSAS in order to address issues raised by stakeholders; and IFRS Convergence Amendments: Proposes improvements to IPSAS in order to converge with amendments to International Financial Reporting Standards based on the IASB’s Improvements to IFRSs projects, Narrow Scope Amendments projects, and Interpretations of the IFRS Interpretations Committee. The proposals in this Exposure Draft may be modified in light of comments received before being issued in final form. Comments are requested by July 15, 2018. أضغط على الرابط لزيارة موقع الخبر
  4. IFAC, the International Federation of Accountants, today announced its first accountancy capacity building project in Southeast Asia. The project will assist the Myanmar Institute of Certified Public Accountants (MICPA) in its work to strengthen the accountancy profession in Myanmar. IFAC has selected the Association of Chartered Certified Accountants (ACCA) to partner with MICPA on the project. ACCA will partner with MICPA to build a sustainable professional accountancy organization that can act as the cornerstone of the profession in the country. The project will deliver a strategic plan and new governance structure for MICPA, in consultation with key national stakeholders. “This project will contribute to Myanmar’s ongoing economic reform in line with the new government’s policy of liberalization, which includes modernizing the accountancy profession,” said Alta Prinsloo, IFAC Executive Director, Quality & Development. “As the first project under this Program in Southeast Asia, it offers opportunity to make a positive impact in the region.” Myanmar, currently in the process of democratic transition, is one of East Asia’s fastest growing economies. The new government is committed to attracting investment for sustainable growth, and its support of this project demonstrates its recognition of the critical role that the accountancy profession can play in this process. This project is funded with UK aid from the UK government. In 2014, the UK Department for International Development (DFID) reached an agreement with IFAC to provide funding of almost £5 million for PAO capacity building in at least ten emerging countries over seven years. Projects under the IFAC Capacity Building Program using DFID funding are currently underway in several countries including Ghana, Kyrgyzstan, Rwanda and Zimbabwe. Partner organizations are selected following global Calls for Expressions of Interest and an extensive proposal and review process by the IFAC PAO Capacity Building Program Independent Selection Panel. About IFAC IFAC is the global organization for the accountancy profession dedicated to serving the public interest by strengthening the profession and contributing to the development of strong international economies. IFAC is comprised of more than 175 members and associates in more than 130 countries and jurisdictions, representing almost 3 million accountants in public practice, education, government service, industry, and commerce. About DFID The Department for International Development (DFID) leads the UK’s work to end extreme poverty. We're ending the need for aid by creating jobs, unlocking the potential of girls and women and helping to save lives when humanitarian emergencies hit. For more information visit www.gov.uk/dfid. About MICPA The Myanmar Institute of Certified Public Accounts is a professional body of Certified Public Accountants in Myanmar. The mission of the body is to communicate with international accountancy bodies and to distribute information to its members. MICPA was found under the Myanmar Accountancy Council (MAC), a policymaking body of accountants and auditors. أضغط على الرابط لزيارة موقع الخبر
  5. The International Ethics Standards Board for Accountants (IESBA) seeks public comment by July 16, 2018, on its Proposed Strategy and Work Plan, 2019-2023. Leveraging the completely rewritten and significantly strengthened International Code of Ethics for Professional Accountants (including International Independence Standards), the proposed Strategy and Work Plan projects the IESBA’s vision for the Code in the global economy. The IESBA’s future priorities and actions will be guided by three strategic themes: Advancing the Code’s relevance by keeping it fit-for-purpose for a rapidly changing world, and further strengthening ethical conduct and independence standards; Deepening and expanding the Code’s impact and influence through increased global adoption and implementation; and Enriching the IESBA’s perspectives and capacities through proactive stakeholder dialogue and co-operation. The consultation paper was developed following extensive, wide-ranging engagement with stakeholders, including regulators national standard setters, and professional accounting organizations. To access the consultation paper and submit a comment by July 16, 2018 to ensure your views are considered. أضغط على الرابط لزيارة موقع الخبر
  6. The International Audit and Assurance Board (IAASB) welcomed the International Ethics Standards Board for Accountants (IESBA) Member and IAASB-IESBA Coordination Liaison, Ms. Sylvie Soulier via Webcast to present highlights of the new Code of Ethics. In April 2018, the IESBA released a revised and restructured Code of Ethics for Professional Accountants which is easier to navigate, use and enforce. The new Code also brings together substantive changes that have been made to the Code over the past four years. أضغط على الرابط لزيارة موقع الخبر
  7. In this Find Out More Webcast Series, the IAESB discusses the meaning of standards development, stages of development, and how standards are developed and supported, as well as the status of IAESB’s standards development process. أضغط على الرابط لزيارة موقع الخبر
  8. The IAESB Personal Perspectives Series shares insights from board members and technical advisors on some of the challenges affecting aspiring professional accountants and the importance of effective accountancy learning and development. This Perspective, No Accounting Education Is Complete without Values, Ethics, & Attitudes, is from Dr. Sidharta Utama, IAESB Member and professor at Faculty of Economics and Business, University of Indonesia. Dr. Utama suggests that there is ongoing challenge for all accountants to maintain and further develop their skills in an environment of ongoing change and ever-present challenges to their professional values, ethics, and attitudes. أضغط على الرابط لزيارة موقع الخبر
  9. The IAESB Personal Perspectives Series shares insights from board members, technical advisors and other key stakeholders on some of the challenges affecting aspiring professional accountants and the importance of effective accountancy learning and development. This Perspective, All Professional Accountants Need to Include Skepticism in their Mindset, is from Keith Bowman, Former Chair of the IAESB Consultative Advisory Group and CEO at the Ontario Public Accountants Council, and Dr. W. Morley Lemon, Accounting and Audit Professor Emeritus at the University of Waterloo (Canada). The authors express the view that healthy, informed skepticism throughout the financial reporting preparation process promotes the production of financial information that is faithfully represented and relevant to users. أضغط على الرابط لزيارة موقع الخبر
  10. Published: Wed, 2018-04-11 Items: IFAC SMP Committee Submission to IESBA Fee Questionnaire Disable Login Requirement: 0 Tags: IESBA SMP/SME survey/poll Publication Type: Comment Letters Issues, Insights & Interest Areas: SME & SMP Issues Language: English Source: SMP Committee The IFAC Small and Medium Practices Committee (SMPC) had responded to the Fees Questionnaire towards the end of February 2018. On a macro level, it is the view of the Committee that the issue of fees is multi-faceted and IESBA will need to develop a more holistic approach to tackle any issue, perceived or otherwise in this domain in their next Strategic Work Plan 2019-2023. It is hoped that the data collected from this Survey will assist in shaping the IESBA’s work effort going forward. ED Status: أضغط على الرابط لزيارة موقع الخبر
  11. The IFAC Small and Medium Practices Committee (SMPC) had responded to the Fees Questionnaire towards the end of February 2018. On a macro level, it is the view of the Committee that the issue of fees is multi-faceted and IESBA will need to develop a more holistic approach to tackle any issue, perceived or otherwise in this domain in their next Strategic Work Plan 2019-2023. It is hoped that the data collected from this Survey will assist in shaping the IESBA’s work effort going forward. أضغط على الرابط لزيارة موقع الخبر
  12. Fragmentation in global financial regulation costs more than USD $780 billion annually, according to a survey released today by IFAC (International Federation of Accountants) and Business at OECD (BIAC). The survey, Regulatory Divergence: Costs, Risks, Impacts: An International Financial Sector Study, examines the cost of regulatory divergence by taking the pulse of more than 250 regulatory and compliance leaders from major global financial institutions. The results quantify the massive impact of fragmented regulation: material economic costs, financial system risk, and barriers to economic growth. Regulatory divergence, which refers to inconsistencies in regulation between different jurisdictions, costs financial institutions between 5 to 10% of annual revenue turnover, according to the survey findings. Over half (51%) of respondents said resources have been directed away from risk management due to the costs associated with diverging regulation. The $780 billion price tag is conservatively inferred by the findings, with smaller institutions (annual turnover less than $100 million) twice as likely as their larger counterparts to experience very material costs. “There is clear evidence that reforms implemented since the last financial crisis have resulted in fragmentation that consumes valuable resources, including those that could otherwise be focused on de-escalating the risk of the next crisis,” said Fayezul Choudhury, CEO of IFAC. “In particular, the competitive disadvantage for small and medium sized institutions should serve as a wakeup call for policy makers.” The costs of regulatory divergence are felt most strongly in the capital markets sector, with 92% of respondents indicating material or very material costs, followed by banking (76%) and professional services (66%). “The impact of fragmented regulation on growth is troubling, as non-tariff barriers to trade and investment stop businesses from expanding internationally, which undermines job and wealth creation,” said Bernhard Welschke, Business at OECD (BIAC) Secretary General. “The survey highlights the need for increased international regulatory co-operation to reduce the regulatory divergences which are costly on business. Pioneering OECD work in this area helps countries improve the way they cooperate on regulatory matters across borders to achieve their public policy objectives and reduce unnecessary costs for business and citizens,” said Marcos Bonturi, Organisation for Economic Co-Operation and Development (OECD)’s Director for Public Governance. Business at OECD (BIAC) and IFAC recommend enhancing international cooperation among regulators, increasing overall alignment in regulation, and ensuring transparency in international rule-setting to mend the fractures caused by regulatory fragmentation. About IFAC IFAC is the global organization for the accountancy profession dedicated to serving the public interest by strengthening the profession and contributing to the development of strong international economies. IFAC is comprised of over 175 members and associates in more than 130 countries and jurisdictions, representing almost 3 million accountants in public practice, education, government service, industry, and commerce. About Business at OECD (BIAC) Business at OECD (BIAC) speaks for business at the OECD. Established in 1962, we stand for policies that enable businesses of all sizes to contribute to growth, economic development, and prosperity. Through Business at OECD (BIAC), national business and employers federations and their members provide expertise to the OECD and governments for competitive economies, better business, and better lives. أضغط على الرابط لزيارة موقع الخبر
  13. t’s time to fix a costly fracture in the global economy. IFAC (International Federation of Accountants) and Business at the OECD (BIAC) surveyed over 250 regulatory and compliance leaders from major global financial institutions to estimate that a piecemeal approach to financial sector regulation costs the global economy $780 billion USD a year. What is regulatory divergence? In short: inconsistent regulation between different jurisdictions. It’s an especially big issue in the financial sector where interconnectedness and the free flow of capital is critical. Regulatory divergence can often burden—not benefit—the economies involved. We believe more effective international regulatory cooperation and harmonization should be a policy-making priority. أضغط على الرابط لزيارة موقع الخبر
  14. This Call for Applications is an official notice for the general public outlining the responsibilities and selections process for the IAESB Chair role. The IAESB Chair leads a board of 17 volunteer members in setting international standards for accounting education. These global standards and related guidance set forth the principles that strengthen the professional skills, values, ethics and attitudes for accountants’ initial and continuing professional development. The Chair also facilitates IAESB initiatives to enhance accounting education to meet the demand for competence in a global accountancy profession. As the primary spokesperson for the IAESB, the Chair promotes a deeper understanding by stakeholders and the public of the strategic objectives and activities of the Board. Interested candidates are invited to submit their applications by May 8, 2018. أضغط على الرابط لزيارة موقع الخبر
  15. The International Accounting Education Standards Board (IAESB) seeks its next volunteer chair for a renewable three-year term beginning January 1, 2019. The IAESB Chair leads a board of volunteer members in setting international standards for accounting education. These high-quality standards and related guidance set forth the principles that strengthen the professional competence, skills, and values for accountants’ initial and continuing professional development. The Chair also facilitates IAESB initiatives to enhance accounting education in today’s rapidly changing environment. As the primary spokesperson for the IAESB, the Chair promotes a deeper understanding by stakeholders and the public of the strategic objectives and activities of the Board. The Call for Applications, issued today, details the requirements for this key volunteer leadership position. The next IAESB Chair should have significant, senior-level experience in fields relevant to the development of education standards for the accountancy profession and have credibility within professional communities. He or she will have a strong commitment to the IAESB’s public interest mission and demonstrated leadership, communication, and strategic skills. More information about the role and instructions on how to apply is available in the Call for Applications on the IAESB website. Applications are due May 8. أضغط على الرابط لزيارة موقع الخبر
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