Following a well-received presentation at both the 2013 and 2014 Institute of Management Accountants (IMA)’s Annual Conferences, IFAC Senior Technical Manager Vincent Tophoff and Campbell Soup Company Finance Director and Comptroller J. Stephen McNally gave a follow-up presentation during at the 2015 conference to discuss additional risk management and internal control (RM/IC) issues and considerations.
This presentation addresses the core compentencies of professional accountants as it relates to risk management and internal control, including
Good risk management is good accounting, not compliance, as risk affects job duties and objectives
Risk management becomes virtually invisible when fully embedded in our core managment accounting principles.
The IPSASB recently published a Consultation Paperseeking feedback to help it further develop the principles of recognition and measurement for social benefits. The deadline for comments is January 31, 2016.
Exposure Draft on the Applicability of IPSAS
Exposure Draft 56, The Applicability of IPSAS™ seeks input to assist the IPSASB in communicating the public sector entities for which it is developing International Public Sector Accounting Standards™ and Recommended Practice Guidelines. Comments are due by November 30, 2015.
In two new videos for the "A Closer Look at:" series, IPSASB Deputy Chair Jeanine Poggiolini of South Africa and IPSASB Member Aracelly Mendéz of Panama discuss their nations' experiences with adopting the suite of IPSAS and accrual accounting. Currently, the series includes five videos (Brazil, New Zealand, Panama, South Africa, and Switzerland) and six publications (Costa Rica [English and Spanish], Guatemala, Malaysia, Malta, Panama, and Switzerland.
Upcoming Webinar on Social Benefits September 21
On September 21 at 10 a.m. ET, the IPSASB will present “Social Benefits: An Overview of the IPSASB Consultation Paper.” Technical Manager Paul Mason will leads a discussion of some of the key issues raised in the recent Consultation Paper. Register at: https://attendee.gotowebinar.com/register/530255244251801602
Audio Podcast: Accounting for Sovereign Debt Restructurings under IPSAS
The IPSASB staff recently produced an audio podcast and accompanying publication that highlight how IPSAS reflect the accounting consequences of sovereign debt restructuring transactions. Acting Director John Stanford and Senior Technical Manager Ross Smith discuss issues that may be encountered.
The IPSASB is Hiring
The IPSASB is recruiting at the Technical Manager level for its staff team based in Toronto, Canada. For a complete job description and required skills and experience, see Working at IFAC. Qualified candidates should send their resumes to jobs@ifac.org.
Next Meetings
The IPSASB will meet September 22-25, 2015, in Toronto, Canada. The agenda and meeting materials are posted approximately 2-4 weeks in advance on the IPSASB Meetings page. Members of the public may register to observe the meetings and registration closes one week before the first day of the meeting.