Welcome to IFAC's Translations and Permissions eNews.
In This Issue:
- Ibero-American Cooperation Framework for Sustainable Spanish Translations Established
- Update of Policy Statements
- Updated Translations and Permissions Reference Materials Available
- Event Scheduled Regarding Adoption and Implementation of International Standards in the Former Soviet Republics in Europe and Central Asia
- Newly Available Translations: September 2012–December 2012
1. Ibero-American Cooperation Framework for Sustainable Spanish Translations Established
In October 2012, IFAC and its member bodies Instituto de Censores Jurados de Cuentas de España, Federación Argentina de Consejos Profesionales de Ciencias Económicas, and Instituto Mexicano de Contadores Públicos formally agreed to establish an Ibero-American cooperation framework to achieve longer-term, sustainable processes for a single, Spanish translation of international standards and other IFAC publications.
The resulting landmark Memorandum of Understanding was commemorated with a formal signing ceremony that included the Interamerican Accounting Association, the IFAC recognized regional organization for Latin America and the Caribbean. The newly created Executive Committee of the Ibero-American Cooperation Framework will have its inaugural meeting in early February 2013 to plan the way forward.
For more information on Spanish-language or other translations, please visit the IFAC Translations Database.
2. Update of Policy Statements
While IFAC greatly appreciates the significant contributions made by many of its stakeholders in the adoption and implementation of international standards, it also must adapt to the increased cost of high-quality international standard setting. In December 2012, the IFAC Board introduced an annual license fee, or waiver fee depending on the circumstances, for use of IFAC copyrighted materials. Such fees contribute to funding the continued activities and mission of IFAC and the independent standard-setting boards it supports.
The introduction of the fee structure is the only change of substance to the policy statements. The fee structure is outlined in Policy for Translating and Reproducing Standards Published by the International Federation of Accountants, and Policy for Reproducing, or Translating and Reproducing, Publications of the International Federation of Accountants.
3. Updated Translations and Permissions Reference Materials Available
4. Event Scheduled Regarding Adoption and Implementation of International Standards in the Former Soviet Republics in Europe and Central Asia
IFAC, the International Auditing and Assurance Standards Board (IAASB), and the International Accounting Standards Board (IASB) will be hosting an invitation-only event in London, May 15-16, 2013, focused on developments in International Standards on Auditing and International Financial Reporting Standards, with discussion of their adoption and implementation in the former Soviet Republics in Europe and Central Asia. Translations, including Russian and other languages, of IAASB and IASB pronouncements will be a significant topic of discussion.
5. Newly Available Translations: September 2012–January 2013
- Albanian—New IFAC Publication Provides Support for Professional Accountants Improving Internal Control (2012)
- Arabic—Guide to Using International Standards on Auditing in the Audits of Small- and Medium-Sized Entities, Third Edition (2011)
- Azeri—Handbook of International Public Sector Accounting Pronouncements (2011)
- Danish—International Standard on Assurance Engagements (ISAE) 3420, Assurance Engagements to Report on the Compilation of Pro Forma Financial Information Included in a Prospectus (2011), International Standard on Related Services (ISRS) 4410 (Revised), Compilation Engagements (2012)
- Dutch—Guide to Using International Standards on Auditing in the Audits of Small- and Medium-Sized Entities, Second Edition (2010), International Auditing Practice Note (IAPN) 1000, Special Considerations in Auditing Financial Instruments (2011)
- Finnish—Handbook of the Code of Ethics for Professional Accountants (2012), Handbook of International Quality Control, Auditing, Review, Other Assurance, and Related Services Pronouncements (2012)
- French—International Framework for Assurance Engagements (2012)
- German—International Framework for Assurance Engagements (2012), Handbook of International Public Sector Accounting Pronouncements (2011)
- Hungarian—Integrating Governance throughout an Organization Helps Achieve Sustainable Success (2012)
- Italian—How to Cope with Pressure to Lower Fees (2012), SMP Quality Control Guide Orientation Slides (2012), Guide to Quality Control for Small- and Medium-Sized Practices, Third Edition (2011), Guide to Practice Management for Small- and Medium-Sized Practices, Second Edition (2011)
- Kazakh—Handbook of International Public Sector Accounting Pronouncements (2011)
- Latvian—Guide to Using International Standards on Auditing in the Audits of Small- and Medium-Sized Entities, Third Edition (2011), Guide to Quality Control for Small- and Medium-Sized Practices (2011)
- Romanian—New IFAC Publication Provides Support for Professional Accountants Improving Internal Control (2012), How to Cope with Pressure to Lower Fees (2012), Competent and Versatile: How Professional Accountants in Business Drive Sustainable Success (2013), International Good Practice Guidance: Principles for Effective Business Reporting Processes (2013)
- Russian—Handbook of International Quality Control, Auditing, Review, Other Assurance and Related Services Pronouncements - Part I (2010), Handbook of International Public Sector Accounting (2011)
- Slovak—Guide to Using International Standards on Auditing in the Audits of Small- and Medium-Sized Entities, Third Edition (2011)
- Slovenian—Handbook of International Quality Control, Auditing, Review, Other Assurance, and Related Services Pronouncements (2010), International Auditing Practice Note (IAPN) 1000, Special Considerations in Auditing Financial Instruments (2011), International Standard on Assurance Engagements (ISAE) 3420, Assurance Engagements to Report on the Compilation of Pro Forma Financial Information Included in a Prospectus (2011)
- Spanish—International Public Sector Accounting Standards (IPSAS) 32 and Improvements to IPSASs (2011), IAASB Strategy and Work Program, 2012–2014 (2012), Feedback Statement: The Evolving Nature of Financial Reporting: Disclosure and Its Audit Implications (2012), Helping Small- and Medium-Sized Practices Meet the Challenges and Seize the Opportunities of Tomorrow” (2012), Guide to Using International Standards on Auditing in the Audits of Small- and Medium-Sized Entities (2010), Guide to Practice Management for Small- and Medium-Sized Practices (2011)
- Swedish—Handbook of International Quality Control, Auditing, Review, Other Assurance, and Related Services Pronouncements (2012)
- Thai— Handbook of International Quality Control, Auditing, Review, Other Assurance, and Related Services Pronouncements (2010), International Standards on Auditing Modules (2009/2010)
- Turkish—IFAC SMP Quick Poll: May-June 2012 (2012)
Please Check IFAC’s Translations Database Regularly for Updates
The list of new translations of IFAC publications by third parties is continuously updated; please visit the Translations Database for the latest information available.