Statements of Membership Obligations 1 through 7 (Revised)

Exposure Draft

IFAC

Dec 5, 2011 | Exposure Drafts and Consultation Papers

English

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Comments due by: Mar 4, 2012

The exposure draft seeks views from IFAC members and associates and other stakeholders in relation to the proposed revised Statements of Membership Obligations (SMOs) 1-7. The SMOs serve as a framework for credible and high quality professional accountancy organizations focused on serving the public interest by adopting, or otherwise incorporating, and supporting implementation of international standards and maintaining adequate enforcement mechanisms to ensure the professional behavior of their individual members. The intent of the proposed revisions is not to change the applicability of the SMOs but rather to clarify it in line with how they have been interpreted and how the compliance assessment is performed by IFAC. Consequently making the SMOs easier to understand and apply. The Revised SMOs 1-7 were approved for public exposure by the IFAC Board.

Please note: The final version of the Statements of Membership Obligations (SMOs) 1-7 (Revised) has been published. IFAC has also published A Comparison Guide to the 2012 SMO Revisions to explain the revisions and assist member organizations and their technical staff to identify changes and understand and address them.

Exposure Draft

Statements of Membership Obligations (SMOs) 1-7 (Revised)

Exposure Draft to Final Revised SMOs

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Submitted Comment Letters

Society of Accountants in Malawi (SOCAM) (75.17 KB)
(Malawi)

Feb 2, 2012
Consiglio Nazionale Dei Dottori Commercialisti E Degli Esperti Contabili (CNDCEC) (1.45 MB)
(Italy)

Feb 21, 2012
South African Institute of Professional Accountants (SAIPA) (112.97 KB)
(South Africa)

Feb 22, 2012
Japanese Institute of Certified Public Accountants (JICPA) (1.33 MB)
(Japan)

Feb 29, 2012
Korean Institute of Certified Public Accountants (KICPA) (115.44 KB)
(Korea)

Feb 29, 2012
Union of Accountants of the Czech Republic (UACR) (102.68 KB)
(Czech Republic)

Feb 29, 2012
American Institute of Certified Public Accountants (AICPA) (98.97 KB)
(United States of America)

Feb 29, 2012
Association of Chartered Certified Accountants (ACCA) (61.7 KB)
(United Kingdom)

Feb 29, 2012
Malaysian Institute of Accountants (MIA) (351.6 KB)
(Malaysia)

Feb 29, 2012
National Association of Accountants and Auditors of Uzbekistan (NAAAUz) (73.1 KB)
(Uzbekistan)

Mar 1, 2012
Certified Practising Accountants Papua New Guinea (CPA PNG) (7.93 KB)
(Papua New Guinea)

Mar 1, 2012
Compagnie Nationales des Commissaires aux Comptes (CNCC) & Conseil supérieur de l’ordre des Experts Comptables (CSOEC) (2.18 MB)
(France)

Mar 1, 2012
Hong Kong Institute of Certified Public Accountants (HKICPA) (512.86 KB)
(Hong Kong, Special Administrative Region of China)

Mar 2, 2012
Chartered Institute of Management Accountants (CIMA) (336.89 KB)
(United Kingdom)

Mar 2, 2012
GCC Accounting & Auditing Organization (GCCAAO) (89.47 KB)
(Saudi Arabia)

Mar 2, 2012
IFAC Small and Medium Practices Committee (SMP) (96.08 KB)
(United States of America)

Mar 2, 2012
Inter-American Technical Commissions - AIC (59.11 KB)
(Guatemala)

Mar 4, 2012
CPA Australia (58.59 KB)
(Australia)

Mar 5, 2012
Institute for the Accountancy Profession in Sweden (FAR) (195.75 KB)
(Sweden)

Mar 5, 2012
Pakistan Institute of Public Finance Accountants (PIPFA) (66.2 KB)
(Pakistan)

Mar 5, 2012
Institute of Certified Public Accountants of Kenya (ICPAK) (73.18 KB)
(Kenya)

Mar 5, 2012
Georgian Federation of Professional Accountants and Auditors (GFPAA) (20.5 KB)
(Georgia)

Mar 5, 2012
Chartered Institute of Public Finance and Accountancy (CIPFA) (84.41 KB)
(United Kingdom)

Mar 5, 2012
Institute of Chartered Accountants of Bangladesh (ICAB) (8.8 KB)
(Bangladesh)

Mar 5, 2012
Insitute of Professional Accountants of Russia (IPAR) (252.64 KB)
(Russian Federation)

Mar 5, 2012
Wirtschaftsprüferkammer (WPK) (55.18 KB)
(Germany)

Mar 5, 2012
Institute of Certified Public Accountants of Uganda (ICPAU) (286.74 KB)
(Uganda)

Mar 5, 2012
Institute of Certified Public Accountants of Rwanda (ICPAR) (94.34 KB)
(Rwanda)

Mar 5, 2012
Mongolian Institute of Certified Public Accountants (MonICPA) (11.49 KB)
(Mongolia)

Mar 5, 2012
Association of Accounting Technicians (AAT) (24.11 KB)
(United Kingdom)

Mar 5, 2012
Fédération International Des Experts-comptables et commissaries aux comptes Francophones (FIDEF) (193.46 KB)
(France)

Mar 5, 2012
Brunei Darussalam Institute of Certified Public Accountants (BICPA) (18.24 KB)
(Brunei)

Mar 5, 2012
Institut des Réviseurs d'Entreprises (IRE-IBR) (131.76 KB)
(Belgium)

Mar 5, 2012
Institute of Chartered Accountants of Pakistan (ICAP) (29.23 KB)
(Pakistan)

Mar 5, 2012
Chinese Institute of Certified Public Accountants (CICPA) (113.78 KB)
(China)

Mar 5, 2012
Ordre des Experts Comptables et Financiers de Madagascar (OECFM) (173.76 KB)
(Madagascar)

Mar 5, 2012
Conselho Federal de Contabilidade (CFC) & Instituto dos Auditores Independentes do Brasil (IBRACON) (148.97 KB)
(Brazil)

Mar 5, 2012
Institut der Wirtschaftsprüfer (IDW) (108.85 KB)
(Germany)

Mar 7, 2012
Instituto Mexicano de Contadores Públicos, A.C. (IMCP) (104.05 KB)
(Mexico)

Mar 7, 2012
The Institute of Chartered Accountants in Australia (324.11 KB)
(Australia)

Mar 11, 2012
Federation of Accountants, Auditors and Consultants of Uzbekistan (FAACU) (344.63 KB)
(Uzbekistan)

Mar 12, 2012
Vietnam Association of Accountants and Auditors (VAA) (10.82 KB)
(Vietnam)

Mar 13, 2012
Inter-American Development Bank (IDB) (21.99 KB)
(United States of America)

Mar 15, 2012
Certified General Accountants Association of Canada (CGA-Canada) (339.27 KB)
(Canada)

Mar 15, 2012
The Institute of Chartered Accountants in England and Wales (ICAEW) (26.38 KB)
(United Kingdom)

Mar 16, 2012
International Accounting Education Standards Board (IAESB) (68.09 KB)
(United States of America)

Mar 17, 2012
KPMG IFRG (241.32 KB)
(United Kingdom)

Mar 19, 2012
Institute of Certified Public Accountants in Ireland (CPA) (22.47 KB)
(Ireland)

Mar 20, 2012
Instituto de Censores Jurados de Cuentas de España (ICJCE) (141.24 KB)
(Spain)

Mar 22, 2012
Philippine Institute of Certified Public Accountants (PICPA) (9.26 KB)
(Philippines)

Mar 22, 2012