Tone At The Top


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Presentation by Marcelo Canetti, IAESB Member & BDO Partner at EFFA 2013 Roundtable, Amsterdam, Netherlands, April 2013

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  • 2013 Roundtable of the European Federation of Accountants and Auditors for Small & Medium EnterprisesOn Tone Of The TOPChairman: Professor Robin JarvisWhat are the implications for “Tone at the Top”? Why is it even more important in today’s society?Panellists:Anne-Marike van Arkel - CEO Nederlandse Beroepsorganisatie van AccountantsMarcelo Canetti – Member of the International Accounting Education Standards Board Diane Breesch - VUBMr. FransSwinkels - Managing Director, Adams Musical InstrumentsBodo Richardt – Wirtschaftsprüfer Steuerberater, DStVRoundtable ends: 7:00 p.m.
  • Tone At The Top

    1. 1. Page 1 | Confidential and Proprietary Information Tone At The Top Marcelo Canetti IAESB Member & BDO Partner EFFA 2013 Roundtable Amsterdam, Netherlands April 2013
    2. 2. Page 2 | Confidential and Proprietary Information IAESB’s Support IAESB is supportive of:  Tone At The Top  Initial Professional Development & Continuing Professional Development  Learning Outcomes Approach
    3. 3. Page 3 | Confidential and Proprietary Information How Accountancy Development Contributes Tone At The Top IPD CPD IES 4, Professional Values, Ethics, & Attitudes IES 3, Professional Skills IES 2, Technical Competence IES 7, Continuing Professional Development for All Professional Accountants IES 8, Professional Development for Engagement Partners Responsible for Audits of Financial Statements
    4. 4. Page 4 | Confidential and Proprietary Information Examples of Competence Areas that develop Tone at the Top IES 2 – Technical Competence Competence Areas: • Governance, risk management, & internal control • Information technology • Business and organizational environment IES 4 – Professional Values, Ethics, and Attitudes Competence Areas: • Commitment to the public interest
    5. 5. Page 5 | Confidential and Proprietary Information CPD – Development & Maintenance of Competence IES 7 – Continuing Professional Development Requirements • On each professional accountant to develop and maintain professional competence • On IFAC member bodies to establish a systematic process to monitor professional accountants meet CPD requirements & provide appropriate sanctions if requirements are not met.
    6. 6. Page 6 | Confidential and Proprietary Information Public Interest Imperative Some of the Benefits for Society • Soundness of financial and non-financial reporting • Comparability of financial and non-financial information across borders • Sound corporate governance and performance management in private and public sector organizations
    7. 7. Page 7 | Confidential and Proprietary Information Education Challenges  Facilitating greater access and knowledge sharing among providers of professional accounting education  Ensuring awareness of the obligations and roles of key stakeholders in the education process  Identifying observable and measurable learning outcomes that align with a competence-based approach to professional accounting education  Establishing international benchmarking for providers of professional accounting education
    8. 8. Page 8 | Confidential and Proprietary Information . THANK YOU Sources of Information