<ul><li>Quality Profession Adds Value  </li></ul><ul><li>Through Quality Information </li></ul><ul><li>Szymon Radziszewicz...
5000 Years Ago
500 Years Ago
100Years Ago
1 Year Ago
Complexity <ul><li>Pressure on the broader financial architecture </li></ul><ul><ul><li>Economy in recovery </li></ul></ul...
Clarity <ul><li>International Auditing and Assurance Standards Board (IAASB) </li></ul><ul><li>International Ethics Standa...
Adoption <ul><li>Review  </li></ul><ul><li>Exposure </li></ul><ul><li>Discussion </li></ul><ul><li>Promulgation </li></ul>...
Implementation <ul><li>Solid Financial and Accounting Infrastructure </li></ul><ul><li>The 5 E </li></ul>
Profession <ul><li>Contribute to economic stability and growth </li></ul><ul><li>Enhance efficiency and accountability of ...
National Accountancy Body <ul><li>Educate and advocate the role of the profession  </li></ul><ul><li>Raising awareness abo...
National Accountancy Body <ul><li>Training and examination </li></ul><ul><li>If not the standard-setter: </li></ul><ul><ul...
National Accountancy Body <ul><li>Commitment to the public interest </li></ul><ul><li>Adherence to values of integrity, tr...
How IFAC Assists <ul><li>http://web.ifac.org/clarity-center/index </li></ul><ul><li>http://www.ifac.org/Ethics/Resources.p...
Success happens when preparation meets opportunity
Thank you www.ifac.org   November 2009
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Quality Profession Adds Value Through Quality Information

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  • The annual balance sheet of a Sumerian state-owned farm, drawn up by the scribe responsible for artisans: detailed account of materials and workdays for a basketry workshop.
  • Luca Pacioli – “father of Modern Accounting”
  • Rahm Emanuel, President Obama’s Chief of Staff said: Never let a serious crisis go to waste…. It is an opportunity for you do do things that you thought you can never do before.
  • Meaningful Education and training (University and CPD) Solid Experience requirement with on-the-job training An Examination /Licensing process that assures qualified practitioners A code of Ethics that encourages ethical behavior Strong Enforcement mechanisms (including monitoring, investigation, and disciplinary action for substandard work)
  • Some remarks on how our profession is relevant and what we need to be doing to be the leaders in the times of crisis / opportunity and provide quality information
  • Success is best achieved when preparation meets opportunity. The turbulent times we are going through now are the times of great opportunities. As a profession we can step up to the leadership role, we can work together to further improve our expertise, live by our values, provide high quality information AND ACHIEVE SUCCESS! Thank you and I wish you again all the success for the next 100 and more years to come.
  • Quality Profession Adds Value Through Quality Information

    1. 1. <ul><li>Quality Profession Adds Value </li></ul><ul><li>Through Quality Information </li></ul><ul><li>Szymon Radziszewicz </li></ul><ul><li>Senior Technical Manager, Member Body Development </li></ul><ul><li>Message for </li></ul><ul><li>Accountants Association in Poland </li></ul><ul><li>November, 2009 </li></ul>
    2. 2. 5000 Years Ago
    3. 3. 500 Years Ago
    4. 4. 100Years Ago
    5. 5. 1 Year Ago
    6. 6. Complexity <ul><li>Pressure on the broader financial architecture </li></ul><ul><ul><li>Economy in recovery </li></ul></ul><ul><li>Globalization </li></ul><ul><ul><li>Information, Capital, Accountants moving across borders </li></ul></ul><ul><li>Diverse and segmented </li></ul><ul><ul><li>Large multinationals and smaller local SMEs </li></ul></ul><ul><ul><li>International network firms and local SMPs </li></ul></ul><ul><li>International Landscape Today </li></ul>
    7. 7. Clarity <ul><li>International Auditing and Assurance Standards Board (IAASB) </li></ul><ul><li>International Ethics Standards Board for Accountants (IESBA) </li></ul><ul><li>International Accounting Education Standards Board (IAESB) </li></ul><ul><li>International Public Sector Accounting Standards Board (IPSASB) </li></ul><ul><li>High Quality Standard Setting </li></ul>
    8. 8. Adoption <ul><li>Review </li></ul><ul><li>Exposure </li></ul><ul><li>Discussion </li></ul><ul><li>Promulgation </li></ul><ul><ul><li>Is that enough? </li></ul></ul><ul><li>Ongoing Process </li></ul>
    9. 9. Implementation <ul><li>Solid Financial and Accounting Infrastructure </li></ul><ul><li>The 5 E </li></ul>
    10. 10. Profession <ul><li>Contribute to economic stability and growth </li></ul><ul><li>Enhance efficiency and accountability of businesses </li></ul><ul><li>Promote and support governmental transparency and accountability </li></ul><ul><li>Be a key player in rebuilding confidence in financial markets </li></ul><ul><li>The Goal – Provide Quality Information </li></ul>
    11. 11. National Accountancy Body <ul><li>Educate and advocate the role of the profession </li></ul><ul><li>Raising awareness about the need for accountants and auditors </li></ul><ul><ul><li>Public sector and private sector </li></ul></ul><ul><li>Input into development of legislation and regulation </li></ul><ul><li>The Role – Be The Voice </li></ul>
    12. 12. National Accountancy Body <ul><li>Training and examination </li></ul><ul><li>If not the standard-setter: </li></ul><ul><ul><li>Input into the development of standards </li></ul></ul><ul><li>Support implementation of standards </li></ul><ul><li>Promote and monitor adherence to ethics and independence requirements </li></ul><ul><li>The Role – Provide Support </li></ul>
    13. 13. National Accountancy Body <ul><li>Commitment to the public interest </li></ul><ul><li>Adherence to values of integrity, transparency and expertise </li></ul><ul><li>Commitment to follow high standards </li></ul><ul><li>Ongoing education </li></ul><ul><li>Oversight of its public interest activities </li></ul><ul><li>The Role – Leadership Through Action </li></ul>
    14. 14. How IFAC Assists <ul><li>http://web.ifac.org/clarity-center/index </li></ul><ul><li>http://www.ifac.org/Ethics/Resources.php </li></ul><ul><li>http://www.ifac.org/financial-crisis </li></ul><ul><li>http://www.ifac.org/SMP </li></ul><ul><li>http://www.ifac.org/Translations/ </li></ul><ul><li>http://web.ifac.org/isa-adoption/chart </li></ul><ul><li>Free Resources Available Online </li></ul>
    15. 15. Success happens when preparation meets opportunity
    16. 16. Thank you www.ifac.org November 2009

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