In 2010, the IFAC Board reviewed IFAC's activities to support SMPs, and made targeted recommendations for improvements. These have essentially become the foundation of the SMP Committee's objectives--not only for 2011, but for the next several years. In this article, SMP Committee Chair Sylvie Voghel provides an update on the committee's implementation of the IFAC Board Recommendations.
This article, prepared by SMP Committee staff, summarizes key elements of the International Standard on Quality Control (ISQC) 1 and features five tips to help SMPs apply the standard in a cost-effective manner.
This memorandum provides background to, and an explanation of, the proposed International Education Standard (IES) 5, Practical Experience Requirements, approved for exposure by the International Accounting Education Standards Board (IAESB) at its May 2011 meeting.
The current version of IES 5 was published in May 2004 and became effective on January 1, 2005. IES 5 prescribes the practical experience IFAC member bodies should require their members to obtain before qualification as professional accountants.
This memorandum provides background to, and an explanation of, the proposed International Education Standard (IES) 1, Entry Requirements to Professional Accounting Education, approved for exposure by the International Accounting Education Standards Board (IAESB) at its May 2011 meeting.
The current version of IES 1 was published in May 2004 and became effective on January 1, 2005. IES 1 prescribes the entry requirements for an IFAC member body's program of professional accounting education and practical experience.
United States of America
Kim Gibson became a member of the International Ethics Standards for Accountants in January 2016.
Ms. Gibson is the global head of independence for Grant Thornton International and a partner with Grant Thornton LLP in the US. She is responsible for providing member firms with policy, guidance and training relating to independence matters, oversight of the automated global independence system used to monitor financial interests and the oversight of the international relationship checking process designed to prevent the provision of prohibited non-audit services to an audit client and conflicts of interests.
Ms. Gibson is a Certified Public Accountant.
IESBA Technical Advisor for Laurie Endsley
United Kingdom
Andrew Pinkney is a director with PricewaterhouseCoopers International Limited, based in London, and has current responsibilities connected with independence matters for the PwC Network.
Mr. Pinkney is a member of the Institute of Chartered Accountants in England and Wales, with experience in audit and transaction support, and has an MBA from the University of Warwick (UK). He has been involved with the activities of the International Ethics Standards Board for Accountants, notably the development of the Code of Ethics for Professional Accountants, for more than ten years.
IAASB Greenhouse Gas Task Force
Japan
Mr. Mori is the Technical Director of the Japanese Institute of Certified Public Accountant (JICPA).
He is also involved in several fields related to sustainability, including development of Clean Development Mechanism project in Asian countries; policy development of public sectors, especially on climate change and consultancy on corporate strategy; and disclosure as a private consultant.
Mr. Mori is also a member of several committees related to sustainability for the Japanese government.