the new ipsasb oversight model 16ago-1... · 2 meetings per year (coincide with ipsasb meetings)...
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The new IPSASB Oversight
Model
Thomas Müller-Marqués Berger
IPSASB CAG Chair
FOCAL 2017 conference
Panama, 17th August 2017
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Agenda
1. Starting point for development of new IPSASB
governance
2. IPSASB Governance Review Group
3. New IPSASB governance
4. IPSASB CAG - Overview
5. IPSASB CAG Membership
6. Activities of the IPSASB CAG
7. Role of CAG on IPSASB‘s Workplan Consultation
8. IPSASB/CAG December 2017 Meetings
Oversight/CAG Update
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1. Starting point for development of new IPSASB
governance
• Concerns about the governance and oversight of the
IPSASB indicated as reason by national authorities for not
implementing IPSASs
• IPSASB itself was asking for a proper oversight mechanism
since years
• European context: feedback resulting from Eurostat‘s
consultation on the suitability of IPSAS in 2012:
– “IPSAS are issued by a private sector entity”
– Insufficient representation of government organizations in the
standard setting process and in the oversight of IPSASB
Oversight/CAG Update
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2. IPSASB Governance Review Group
Oversight/CAG Update
International Monetary Fund
(IMF)
Organisation for Economic
Co-operation and Development
(OECD)
World Bank (WB)
Financial Stability Board (FSB)
International Organization of
Securities Commissions
(IOSCO)
International Organization of Supreme Audit
Institutions (INTOSAI)
Options for improving the public
interest oversight of the IPSASB:
1. Extending the scope of the IFRS
Foundation’s MB and Trustees
activities
2. Establishing separate monitoring and
oversight bodies for the IPSASB while
it remains under the auspices of IFAC
3. Reestablishing the IPSASB outside of
IFAC with its own monitoring and
oversight bodies
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3. New IPSASB governance
Oversight/CAG Update
Nominating
CommitteeIFAC Board
IPSASB
IPSASB
Observers
IPSAS
Task-based
groups/
Task forces
Exposure
Draft
nominates
members
appoints
members
observe
prepare
approves
monitors
Consultative
Advisory
Group
provides
advice
Public Interest Committee
monitors
informs about
matters of interest
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4. IPSASB CAG – Overview (1)
“to provide a forum where the IPSASB consults
representatives of public and private organizations, or
individuals, that are interested in or affected by its work,
including those engaged in the preparation, audit, or
evaluation of public sector financial reports”
Oversight/CAG Update
Objectives of the IPSASB CAG
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4. IPSASB CAG – Overview (2)
Objective & Scope of Activities
Advice on IPSASB’s strategy, work program and agenda, includ. project priorities
Advice on projects, including views on key technical issues or matters that may impede the adoption or effective implementation of IPSASs
Advice on other matters of relevance to standard-setting activities of the IPSASB
Composition & Membership
Broad public & private sector organizations or individuals interested in or affected by IPSASB work
CAG Membership panel (CAG Chair, 2 CAG members, IPSASB Chair, IPSASB Technical Director)
PIC may identify emerging public interest segments not represented & reviews procedures for appointments
Terms of Office
Members – 3 year term, aggregate of 9 years; CAG chair – 3 year term, aggregate of 6 years
Membership reviewed every 5 years by CAG membership panel
Oversight/CAG Update
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4. IPSASB CAG – Overview (3)
Chair Elected amongst CAG members (exception for initial chair)
PIC reviews CAG chair election process
Leads process to ensure that the IPSASB receives timely and effective input that contributes to the development of IPSASs
Attends IPSASB meetings as observer (with privilege of the floor)
Operating Procedures
Meetings, agenda papers, minutes - open to the public
2 meetings per year (coincide with IPSASB meetings)
IPSASB Chair, Deputy Chair & Technical Director attend meetings; IPSASB members & staff invited to lead discussions
Approval & Changes
CAG ToR approved by IPSASB, on advice of PIC and endorsed by IFAC
Oversight/CAG Update
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4. IPSASB CAG – Overview (4)
Oversight/CAG Update
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5. IPSASB CAG Membership (1)
Oversight/CAG Update
• Diverse group
• Emphasis on preparers/users
22 members
• 2 parliamentarians
Membership additions
• Includes CAG Chair, IPSASB Chair, Technical Director and 2 CAG members
Membership panel established
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5. IPSASB CAG Membership (2)
Oversight/CAG Update
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5. IPSASB CAG Membership (3)
Oversight/CAG Update
N= 22
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6. Activities of the IPSASB CAG (1)
Oversight/CAG Update
• Broader public interest discussions
• Key PFM trends
• Users’ PFM Needs
• IPSAS Implementation Adoption Barriers
• IPSASB project discussions
• CAG specific topics – focused on public interest
• CAG meeting highlights podcast
June and December
2016 Meetings
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6. Activities of the IPSASB CAG (2)
Oversight/CAG Update
• New standing agenda item: Implementation Issues
• IPSASB Strategy & Work Plan Consultation
• IPSASB project discussions
• CAG meeting highlights podcast
June 2017
Meeting
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Oversight/CAG Update
7. Role of CAG on IPSASB‘s Workplan Consultation
Multi-year Strategy (2019-2023), Work
Plan to implement/operationalize Strategy
PIC
advice
CAG input
Public consultation 2018
Stakeholder outreach 2017
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8. IPSASB/CAG December 2017 Meetings
• Next IPSASB Meeting will take place December 5th-8th,
2017 in Toronto
• Next CAG Meeting will be December 4th, 2017 (Toronto)
• IPSASB and CAG meetings are public
– To attend IPSASB meetings registration on the following website
necessary: http://www.ipsasb.org/meetings/ipsasb-meeting-14
Oversight/CAG Update
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Questions, discussion & further information
• Visit our webpage http://www.ipsasb.org/
• Or contact us by e-mail :IPSASB CAG Chair: [email protected] staff: [email protected]
• Managing Director, Professional Standards: [email protected]