Methodology for Assessing Adoption

Adopted

A quality assurance (QA) review system, incorporating all of the requirements of IFAC Statement of Membership Obligation (SMO) 1 has been established and is operational for all mandatory audits.

Partially Adopted

A QA review system, incorporating all of the requirements of SMO 1, has been established and is operational for some of the mandatory audits (e.g., public interest entities).

or

A QA review system for all mandatory audits has been established and is operational but incorporates only some of the requirements of SMO 1.

or

A QA review system, incorporating all of the requirements of SMO 1, has been established but is not yet operational.

Not Adopted

No QA review system has been establishInternational Public Sector Accounting Standardsed.

Adopted

ISA in their entirety in effect as of the time of the assessment have been adopted and are effective for application in all mandatory audits.

Partially Adopted

An earlier version of ISA (2009 or later) has been adopted.

or

Not all currently effective ISA have been adopted.

or

ISA are required for application in selected types of audit.

Not Adopted

ISA have not been adopted.

or

Pre-2009 version of ISA has been adopted.

Adopted

The International Code of Ethics for Professional Accountants (the Code) in its entirety in effect as of the time of the assessment has been adopted for all professional accountants.

Partially Adopted

An earlier (2009 or later) version of the Code has been adopted for all professional accountants.

or

The Code in its entirety in effect as of the time of the assessment has been adopted for a segment of the profession.

or

Not all the requirements of the currently effective Code have been adopted.

Not Adopted

A pre-2009 version of the Code has been adopted.

or

The Code has not been adopted. 

Adopted

Accrual-basis IPSAS in their entirety in effect as of the time of the assessment have been adopted for application by all public sector entities. 

Partially Adopted

An earlier version of IPSAS has been adopted for application by all public sector entities.

or

IPSAS in their entirety in effect as of the time of the assessment have been adopted for selected types of public sector entities. 

or

Cash-basis IPSAS have been adopted.

or

Not all currently effective IPSAS have been adopted.

Not Adopted

The IPSAS have not been adopted.

Accrual-basis IPSAS in their entirety in effect as of the time of the assessment have been adopted for application by all public sector entities. 

Adopted

An investigation & disciplinary system (I&D) system, incorporating all of the requirements of IFAC Statement of Membership Obligation (SMO) 6, has been established and is operational for all professional accountants.

Partially Adopted

An I&D system, incorporating all of the requirements of SMO 6, has been adopted and is operational a segment of the profession.

or

An I&D system for all professional accountants has been established and is operational only incorporates some of the requirements of SMO 6.

or

An I&D system, incorporating all of the requirements of SMO 6, has been established but is not yet operational.

Not Adopted

No I&D system has been established.

Adopted

IFRS in their entirety in effect as of the time of the assessment have been adopted for application by all public interest entities

Partially Adopted

An earlier version of IFRS has been adopted for application by all public interest entities.

or

IFRS in their entirety in effect as of the time of the assessment have been adopted for selected types of public interest entities.

or

Not all currently effective IFRS have been adopted.

Not Adopted

IFRS have not been adopted.

Draft

Draft profiles have been completed by IFAC but are under review by Member(s) or Associate(s) in that jurisdiction.