quality profession adds value through quality information
TRANSCRIPT
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International Federation of Accountants
Quality Profession Adds Value Through Quality Information
Szymon Radziszewicz
Senior Technical Manager, Member Body Development
Message for
Accountants Association in Poland
November, 2009
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5000 Years Ago
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500 Years Ago
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100Years Ago
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1 Year Ago
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Complexity
• Pressure on the broader financial architecture
– Economy in recovery
• Globalization
– Information, Capital, Accountants moving across borders
• Diverse and segmented
– Large multinationals and smaller local SMEs
– International network firms and local SMPs
International Landscape TodayInternational Landscape Today
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Clarity
• International Auditing and Assurance Standards Board (IAASB)
• International Ethics Standards Board for Accountants (IESBA)
• International Accounting Education Standards Board (IAESB)
• International Public Sector Accounting Standards Board (IPSASB)
High Quality Standard SettingHigh Quality Standard Setting
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Adoption
• Review
• Exposure
• Discussion
• Promulgation
Is that enough?
Ongoing ProcessOngoing Process
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Implementation
Solid Financial and Accounting InfrastructureSolid Financial and Accounting InfrastructureThe 5 EThe 5 E
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Profession
• Contribute to economic stability and growth
• Enhance efficiency and accountability of businesses
• Promote and support governmental transparency and accountability
• Be a key player in rebuilding confidence in financial markets
The Goal – Provide Quality InformationThe Goal – Provide Quality Information
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National Accountancy Body
• Educate and advocate the role of the profession
• Raising awareness about the need for accountants
and auditors
– Public sector and private sector
• Input into development of legislation and
regulation
The Role – Be The VoiceThe Role – Be The Voice
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National Accountancy Body
• Training and examination
• If not the standard-setter:
– Input into the development of standards
• Support implementation of standards
• Promote and monitor adherence to ethics and independence requirements
The Role – Provide SupportThe Role – Provide Support
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National Accountancy Body
• Commitment to the public interest
• Adherence to values of integrity, transparency and expertise
• Commitment to follow high standards
• Ongoing education
• Oversight of its public interest activities
The Role – Leadership Through ActionThe Role – Leadership Through Action
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How IFAC Assists
• http://web.ifac.org/clarity-center/index
• http://www.ifac.org/Ethics/Resources.php
• http://www.ifac.org/financial-crisis
• http://www.ifac.org/SMP
• http://www.ifac.org/Translations/
• http://web.ifac.org/isa-adoption/chart
Free Resources Available OnlineFree Resources Available Online
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Success happens whenSuccess happens whenpreparationpreparation
meetsmeetsopportunityopportunity
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Thank you
www.ifac.org
November 2009