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  • IPSASB Consultative Advisory Group Holds Inaugural Meeting

    New York, New York English

    The International Public Sector Accounting Standards Board Consultative Advisory Group (IPSASB CAG), comprised of representatives of public and private constituencies interested in or affected by the IPSASB’s work, held its first meeting on June 20, 2016 in Toronto, Canada.

    “The inaugural IPSASB CAG meeting was an historic event. It represents the final piece of the IPSASB’s enhanced governance processes and responds to the recommendations of the Governance Review Group and advice of the Public Interest Committee (PIC),” said IPSASB CAG Chair Thomas Müller-Marqués Berger. “The CAG membership is the result of an open call for nominations, which received very strong interest. The largest segment of CAG members represent the important preparers/users constituency and overall it is a diverse group. The meeting itself was highly positive, with strong engagement in the topics, lively debates, and diverse viewpoints that fed into the discussions at the subsequent IPSASB meeting.”

    The IPSASB CAG membership includes those engaged in the preparation, audit, or evaluation of public sector financial reports. It advises on the IPSASB’s strategy, work program, and agenda, including projects from technical and adoption as well as implementation perspectives, and other matters relevant to standard setting.

    “The CAG considered and provided detailed recommendations on three key IPSASB projects—Social Benefits, Revenue, and Non-Exchange Expenses,” said IPSASB Chair Ian Carruthers, who attended the meeting along with several IPSASB members. “The IPSASB really appreciated the views of CAG members, which will help ensure that the broad perspectives of their constituencies are considered in the development of each project.”

    Full details on the IPSASB CAG membership can be found at: www.ipsasb.org/cag/cag-members.The next IPSASB CAG meeting will be held on December 4, 2016 in Stellenbosch, South Africa.

    About the IPSASB
    The IPSASB develops accounting standards and guidance for use by public sector entities. It receives support (both direct financial and in-kind) from the Government Accounting Standards Board, the Asian Development Bank, the Chartered Professional Accountants of Canada, the South African Accounting Standards Board, the New Zealand External Reporting Board, and the governments of Canada, New Zealand, and Switzerland.

    About the Public Interest Committee
    The governance and standard-setting activities of the IPSASB are overseen by the Public Interest Committee (PIC), to ensure that they follow due process and reflect the public interest. The PIC is comprised of individuals with expertise in public sector or financial reporting, and professional engagement in organizations that have an interest in promoting high-quality and internationally comparable financial information.

    About IFAC
    The International Federation of Accountants® (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.

  • Quality & Membership eNews

    English

    In support of transparency, adoption, and implementation of international standards, as well as the public interest, IFAC has published comprehensive profiles of member organizations and the jurisdictions in which they operate on our website. The in-depth information demonstrates the widespread use of international standards and the efforts of IFAC member organizations to encourage adoption, advance implementation, and support the businesses, communities, and governments in their nations.

    This issue of eNews will help users understand how to navigate the new content and what information is available. The images to the right are a key component of this eNews and the explanations below. Please email any feedback or questions to compliance@ifac.org.

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    Using the alphabetical listing or the interactive map, click on a country or organization name. As of August, more than 65 organization & 50 country profiles have been published; remaining profiles will be published soon.
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    Country profiles include a listing of all IFAC member organizations in the jurisdiction, a description of the legal & regulatory environment, and the adoption status of standards.
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    Organization profiles provide an assessment of fulfillment of the Statements of Membership Obligations as well as a brief description of the organization.
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    Statements of Membership Obligations (SMO) Action Plan: now included on each member organization page.
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    Adoption Methodology: the status of adoption of international standards is assessed following a methodology developed in consultation with the IFAC Compliance Advisory Panel (CAP).
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    Understanding the Statements of Membership Obligations Fulfillment Status: Using the SMO Action Plan and publicly-available sources, IFAC assesses SMO fulfillment status for each organization.
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    Statements of Membership Obligations: In addition to being available via the publications section of the website, the SMOs are also now accessible on each organization profile page.
    Member Organizations and Country Profiles Pages

    From the Profiles landing page, you can discover which organizations are members and associates and access their organization and country profiles.

    • Using the alphabetical listing or the interactive map, click on a country or organization name. As of August, more than 65 member organizations and 50 country profiles have been published (dark blue on the map); additional profiles will be published in the coming months. This web page also allows for a quick check of member and associate statusfor each organization.
    • Country profiles include a listing of all IFAC member organizations in the jurisdiction, a description of the legal and regulatory environment, and the adoption status of international standards. Click the expand/collapse buttons (+) to see additional information.
    • Organization profiles provide an assessment of fulfillment of the Statements of Membership Obligations as well as a brief description of the organization.
     
    Accessing Available Information
    • Statements of Membership Obligations (SMO) Action Plan: now included on each member organization page.
    • Adoption Methodology: the status of adoption of international standards is assessed following a methodology developed in consultation with the IFAC Compliance Advisory Panel (CAP).
    • Understanding the Statements of Membership Obligations Fulfillment Status: Using the SMO Action Plan and publicly-available sources, IFAC assesses SMO fulfillment status for each member organization. Status is determined following a methodology developed in consultation with the CAP.
    • Statements of Membership Obligations: In addition to being available via the publications section of the website, the SMOs are also now accessible on each organization profile page. 
    Upcoming Dates
    • November 15-17, 2016: IFAC Council Meeting, Brasilia, Brazil
    • December 4, 2016: SMO Workshop, Jordan
    • May 2017: CReCER
    • May 2-5, 2017: Africa Congress of Accountants and SMO Workshop, Uganda
    IFAC Quality & Membership Team

    The IFAC Quality & Membership (Q&M) Team manages the IFAC Member Compliance Program and the membership admission process. The Program is overseen by the Compliance Advisory Panel and the Public Interest Oversight Board as one of IFAC’s public interest activities. The team acts as the primary point of contact for IFAC’s 179 member organizations and conducts targeted support and outreach activities to improve SMO fulfillment and support the adoption and implementation of international standards. Questions can be directed to compliance@ifac.org.

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