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International Federation of Accountants Szymon Radziszewicz Technical Manager, Compliance Program IFAC Beirut, 23 April 2009 Action Plans: Challenges and Success Factors IFAC Compliance Program Workshop for AFAA Members
Why Prepare? “ Participating in the Compliance Program has been truly meaningful and rewarding experience for CICPA, leading to important improvement in major areas of the development of the accounting profession in China. Especially, the Policy Recommendation and Action Plan process have been very helpful for us to work out the convergence plan, enhance quality assurance program and communicate effectively with regulators and the government.” China (CICPA)
Why Prepare? “ Completing the Action Plan was a very useful exercise for the CICA as it allowed us to consolidate and summarize in one place all that we were doing to fulfill our IFAC obligations and assists us in demonstrating to all of our stakeholders our strong commitment to quality. The Action Plan provides us with a useful tool for managing our commitment to SMOs and how we are performing as a member body, and we believe the process will prove equally useful to other IFAC members.” Kevin Dancey, President and CEO CICA Canada