The document discusses the International Federation of Accountants (IFAC), which sets standards for accounting and auditing globally. IFAC works to strengthen professional standards and practices through standard-setting boards. It also advocates for adoption of accrual-based International Public Sector Accounting Standards to improve transparency and protect investors. Recent initiatives include enhancing auditor reporting and developing ethics standards for responding to illegal acts.
Presentation on current strategic initiatives and objectives of the International Federation of Accountants (IFAC) by Gabriella Kusz, IFAC Senior Technical Manager, at the United Nations Conference on Trade and Development (UCTAD) and its International Standards of Accounting and Reporting (ISAR) conference on accounting standards, corporate transparency, and developing countries, given on November 2, 2012.
Presentation given by Manuel Sánchez y Madrid, Chair of the IFAC Compliance Advisory Panel, and Russell Guthrie, IFAC Executive Director, Quality and Member Relations, at the International Organization of Securities Commissions (IOSCO) Technical Committee Meeting in March 2012.
Presentation by Gabriella Kusz, IFAC Technical Manager, to the Board of Directors of the Kuwait Association of Accountants and Auditors in February 2012. The presentation explains the connection between strong professional accountancy organizations and a strong, stable economy and IFAC's activities to support organizations and the global economy.
IFAC is the global organization for the accounting profession with 167 member organizations representing over 2.5 million accountants. Its mission is to serve the public interest by contributing to the development of high-quality international standards, strengthening professional accountancy organizations, and promoting the expertise of professional accountants. IFAC has close relationships with other standard-setting organizations like the IAA to facilitate regulatory convergence and development of consistent standards. It oversees several standard-setting boards that develop auditing, education, ethics, and other standards used by its members.
This document introduces the SAI Performance Measurement Framework (PMF), which is intended to provide a high-level assessment of Supreme Audit Institution (SAI) performance against INTOSAI guidance and standards. The PMF analyzes 7 domains of SAI performance and aims to assess the value and benefits of SAIs. It can be used for SAI self-assessments, peer reviews, or external assessments. The PMF is being developed by the INTOSAI Working Group on the Value and Benefits of SAIs and will undergo piloting and revisions before finalization. The document outlines the benefits of SAIs using the PMF and risks that need to be mitigated.
Afri map submission project for streamlining and fast tracking the implementa...Dr Lendy Spires
The document discusses proposed revisions to the African Peer Review Mechanism (APRM) methodology and processes. It notes delays in appointing new members to the panel of eminent persons and the executive secretary. It provides recommendations to strengthen the APRM, including publishing criteria for appointments, clarifying roles for national focal points and governing councils, ensuring research institute independence, and exploring involvement of other countries' officials in peer reviews. It calls for revising the assessment questionnaire to address manageability issues while adding questions on important uncovered issues.
The document discusses challenges faced by the Lebanese Association of Certified Public Accountants (LACPA) in meeting international ethics standards. It outlines LACPA's code of ethics and efforts to align it with the International Federation of Accountants (IFAC) code. However, some Lebanese laws conflict with ensuring auditor independence. LACPA works to amend these laws and build public trust in the audit profession through outreach, training programs, and cooperation with regulatory bodies. While progress has been made, continued efforts are needed to fully comply with global standards.
Presentation on current strategic initiatives and objectives of the International Federation of Accountants (IFAC) by Gabriella Kusz, IFAC Senior Technical Manager, at the United Nations Conference on Trade and Development (UCTAD) and its International Standards of Accounting and Reporting (ISAR) conference on accounting standards, corporate transparency, and developing countries, given on November 2, 2012.
Presentation given by Manuel Sánchez y Madrid, Chair of the IFAC Compliance Advisory Panel, and Russell Guthrie, IFAC Executive Director, Quality and Member Relations, at the International Organization of Securities Commissions (IOSCO) Technical Committee Meeting in March 2012.
Presentation by Gabriella Kusz, IFAC Technical Manager, to the Board of Directors of the Kuwait Association of Accountants and Auditors in February 2012. The presentation explains the connection between strong professional accountancy organizations and a strong, stable economy and IFAC's activities to support organizations and the global economy.
IFAC is the global organization for the accounting profession with 167 member organizations representing over 2.5 million accountants. Its mission is to serve the public interest by contributing to the development of high-quality international standards, strengthening professional accountancy organizations, and promoting the expertise of professional accountants. IFAC has close relationships with other standard-setting organizations like the IAA to facilitate regulatory convergence and development of consistent standards. It oversees several standard-setting boards that develop auditing, education, ethics, and other standards used by its members.
This document introduces the SAI Performance Measurement Framework (PMF), which is intended to provide a high-level assessment of Supreme Audit Institution (SAI) performance against INTOSAI guidance and standards. The PMF analyzes 7 domains of SAI performance and aims to assess the value and benefits of SAIs. It can be used for SAI self-assessments, peer reviews, or external assessments. The PMF is being developed by the INTOSAI Working Group on the Value and Benefits of SAIs and will undergo piloting and revisions before finalization. The document outlines the benefits of SAIs using the PMF and risks that need to be mitigated.
Afri map submission project for streamlining and fast tracking the implementa...Dr Lendy Spires
The document discusses proposed revisions to the African Peer Review Mechanism (APRM) methodology and processes. It notes delays in appointing new members to the panel of eminent persons and the executive secretary. It provides recommendations to strengthen the APRM, including publishing criteria for appointments, clarifying roles for national focal points and governing councils, ensuring research institute independence, and exploring involvement of other countries' officials in peer reviews. It calls for revising the assessment questionnaire to address manageability issues while adding questions on important uncovered issues.
The document discusses challenges faced by the Lebanese Association of Certified Public Accountants (LACPA) in meeting international ethics standards. It outlines LACPA's code of ethics and efforts to align it with the International Federation of Accountants (IFAC) code. However, some Lebanese laws conflict with ensuring auditor independence. LACPA works to amend these laws and build public trust in the audit profession through outreach, training programs, and cooperation with regulatory bodies. While progress has been made, continued efforts are needed to fully comply with global standards.
The Institute of Chartered Accountants of India (ICAI) was established in 1949 under the Chartered Accountants Act to regulate the profession of accountancy and provide education and training for chartered accountants; ICAI has over 150,000 members and 520,000 students and works to maintain accounting standards, provide continuing education and engage in other professional development activities; ICAI also aims to align Indian accounting standards with international standards and play an advisory role to the Indian government on financial and economic policy matters.
Institute Of Chartered Accountants Of Indiaimran037
The Institute of Chartered Accountants of India (ICAI) was established in 1949 under the Chartered Accountants Act to regulate the profession of chartered accountancy in India. ICAI is governed by a council consisting of 40 members, 32 elected from among ICAI members and 8 appointed by the Indian government. ICAI plays an important role globally through involvement in international accounting organizations and has over 130,000 members today, growing significantly from just 1,600 at inception.
The Compensation Committee is responsible for assisting the Board of Directors of AutoNation, Inc. in overseeing executive compensation. The Committee reviews compensation for directors and officers, sets performance goals and evaluates performance of executives including the CEO, and reviews succession planning and management development. It has authority to retain outside advisors and conduct investigations to assist in its duties. The Charter establishes the Committee's membership, procedures, and annual self-evaluation requirements.
17 hallstrom franzel_public sector auditing structure and standards_engOwais Ahmed
This document discusses the structure and goals of government auditing standards as established by the International Organization of Supreme Audit Institutions (INTOSAI). It outlines the four levels of INTOSAI standards, including the Lima Declaration, Code of Ethics, Auditing Standards, and guidance materials. It also describes INTOSAI's collaboration with the International Auditing and Assurance Standards Board to develop financial audit guidelines that incorporate public sector considerations into international standards.
The Sunoco Governance Committee Charter establishes the committee's authority, membership, purpose, and duties. The committee is responsible for reviewing the board's role, composition, and committees. It identifies and evaluates potential new directors and board nominees. The committee also sets policies for director compensation and conducts self-evaluations.
Presentation given by the Thai Federation of Accounting Professions (FAP) to the Compliance Advisory Panel of the International Federation of Accounting (IFAC).
The document outlines the charter of the Compensation Committee of the Board of Directors of L-3 Communications Holdings, Inc. The committee is responsible for assisting the board in overseeing executive compensation, evaluating CEO performance and compensation, reviewing incentive plans, and preparing compensation disclosures. Key duties include setting compensation for executive officers and directors, monitoring incentive plans, retaining compensation consultants, and reporting to the full board. The committee will also annually review its own performance and the adequacy of its charter.
Leisure Expert Panel Terms of Reference February 2016 v4Chris Gill
The Leisure Expert Panel (LEP) was formed to bring together stakeholders in the leisure industry to discuss health, safety, security and risk management. The panel aims to (1) reduce injury and loss risks in line with principles of safety and accountability, (2) promote consistency in operations and regulation, and (3) provide advice on legislation, standards and guidance to third parties. The LEP will meet quarterly and is open to operators, advisors and specialists in health clubs, hotels, entertainment venues and more.
Presentation given by Russell Guthrie from the International Federation of Accountants at the Steering Committee meeting for MOSAIC (Memorandum of Understanding to Strengthen Accountancy and Improve Collaboration), Jaipur, India, February 2012.
Presentation by Szymon Radziszewicz, IFAC Senior Technical Manager, regarding the context of international standards on accounting and auditing and IFAC's Statements of Membership Obligations and policy statements.
The document discusses the role of the accounting profession in today's globalized and complex environment. It outlines how the International Federation of Accountants (IFAC) works to promote high-quality standards and oversight on a global level by establishing Statements of Membership Obligations for professional accounting organizations. National accounting bodies play an important role by supporting the implementation of standards and advocating for the profession.
Apresentação barclays capital 2010 latin america regulated industries confe...algar_ri
The document provides an overview of the Algar Group, a Brazilian telecommunications company. It discusses Algar Telecom, the group's telecom segment, including its strategy, business areas, financial results, and debt levels. It also summarizes other Algar Group business segments such as Algar Tecnologia, which focuses on IT, BPO, and consulting solutions. The document highlights the group's growth areas, strategic focus on customers, and solid financial and governance structure.
The document describes the organization of the Bank for International Settlements (BIS) as of March 31, 2012. It shows the BIS Board of Directors at the top, under which sit various committees that oversee areas like banking, risk management, and administration. Below this are the general manager and various departments that carry out the work of the organization like banking, research, and meetings. The compliance department has direct access to the audit committee.
ICICI Bank's corporate governance framework is based on an independent board with a majority of independent directors overseeing critical issues. The bank adheres to corporate governance guidelines from India's Ministry of Corporate Affairs. It has policies for whistleblowing, insider trading, business conduct, and CEO/CFO certification. Several committees monitor audit, remuneration, CSR, credit, customers, fraud, risk, and shareholder issues. Committee composition and meetings are provided for 2008-09, 2009-10, and 2010-11.
The document discusses international developments in auditing practices in different regions. In the UK, the Auditing Practices Board was established in 1991 to strengthen auditing processes and standards following some audit failures. In the US, the Sarbanes-Oxley Act of 2002 led to the creation of the Public Company Accounting Oversight Board to regulate auditors and restore investor confidence. For countries in the Southern African Development Community region, the Eastern, Central and Southern African Federation of Accountants aims to harmonize auditing and accounting standards to support public financial management and economic development across the region.
This document discusses best practices for effective board performance. It outlines a functional board structure with committees focused on areas like audit, nomination, and remuneration. It emphasizes the importance of appreciating assets like people, processes, and technology and establishing committees to oversee risk management, succession planning, and green initiatives. The document also notes the board's role in monitoring oversight, management analysis and discussion, and driving change to infrastructure assets to stay relevant in a shifting business environment. Overall it provides guidance on criteria for selecting board members and having an effective, high functioning board.
This document provides information about a 2-day internal audit masterclass training program on implementing the SEATA framework. The summary is:
1) The training will take place over 2 days in Kuala Lumpur, Malaysia on January 26-27, May 4-5, September 2-3, and November 26-27, 2009.
2) Attendees will learn how to effectively organize an internal audit function and implement practices aligned with global standards to ensure effectiveness.
3) Key topics include evaluating internal controls, conducting audits, developing audit reports, and maintaining strong corporate governance practices.
Governance Challenges of Running a Not-for-Profit in New ZealandHayesKnightNZ
On the 28 June 2011, Hayes Knight invited Kevin McCaffrey, Director of Effective Governance New Zealand, to address the Governance issues crippling New Zealand’s Not-for-Profits. A mixture of board members, managers, and CEOs from close to 90 Not-for-Profit organisations attended. This is the presentation from the event.
This document provides information about a 2-day internal audit masterclass training program on implementing and evaluating the SEATA framework for internal auditing. The training will be held in Singapore in January, May, September and December 2009 and cover topics such as assembling an effective internal audit function, governance issues, impacting shareholder value, and benchmarking internal audit practices against global standards. Participants will learn how to organize an internal audit department, identify audit activities and risks, interface with external parties, and apply best practices. The training is led by an experienced internal audit expert and certified fraud examiner. The document provides registration details such as fees, discounts for groups, and methods of registration and payment.
The document provides an overview of the Institute of Chartered Accountants of India (ICAI), which was established in 1949 under the Chartered Accountants Act. ICAI regulates the profession of accountancy in India and has over 167,000 members and 726,000 students. It focuses on activities like education and training, technical standards, research, and professional ethics to develop competent and ethical chartered accountants. ICAI also provides inputs to various government bodies and international organizations on policy matters to fulfill its role in nation building.
The Institute of Chartered Accountants of India (ICAI) was established in 1949 under the Chartered Accountants Act to regulate the profession of accountancy and provide education and training for chartered accountants; ICAI has over 150,000 members and 520,000 students and works to maintain accounting standards, provide continuing education and engage in other professional development activities; ICAI also aims to align Indian accounting standards with international standards and play an advisory role to the Indian government on financial and economic policy matters.
Institute Of Chartered Accountants Of Indiaimran037
The Institute of Chartered Accountants of India (ICAI) was established in 1949 under the Chartered Accountants Act to regulate the profession of chartered accountancy in India. ICAI is governed by a council consisting of 40 members, 32 elected from among ICAI members and 8 appointed by the Indian government. ICAI plays an important role globally through involvement in international accounting organizations and has over 130,000 members today, growing significantly from just 1,600 at inception.
The Compensation Committee is responsible for assisting the Board of Directors of AutoNation, Inc. in overseeing executive compensation. The Committee reviews compensation for directors and officers, sets performance goals and evaluates performance of executives including the CEO, and reviews succession planning and management development. It has authority to retain outside advisors and conduct investigations to assist in its duties. The Charter establishes the Committee's membership, procedures, and annual self-evaluation requirements.
17 hallstrom franzel_public sector auditing structure and standards_engOwais Ahmed
This document discusses the structure and goals of government auditing standards as established by the International Organization of Supreme Audit Institutions (INTOSAI). It outlines the four levels of INTOSAI standards, including the Lima Declaration, Code of Ethics, Auditing Standards, and guidance materials. It also describes INTOSAI's collaboration with the International Auditing and Assurance Standards Board to develop financial audit guidelines that incorporate public sector considerations into international standards.
The Sunoco Governance Committee Charter establishes the committee's authority, membership, purpose, and duties. The committee is responsible for reviewing the board's role, composition, and committees. It identifies and evaluates potential new directors and board nominees. The committee also sets policies for director compensation and conducts self-evaluations.
Presentation given by the Thai Federation of Accounting Professions (FAP) to the Compliance Advisory Panel of the International Federation of Accounting (IFAC).
The document outlines the charter of the Compensation Committee of the Board of Directors of L-3 Communications Holdings, Inc. The committee is responsible for assisting the board in overseeing executive compensation, evaluating CEO performance and compensation, reviewing incentive plans, and preparing compensation disclosures. Key duties include setting compensation for executive officers and directors, monitoring incentive plans, retaining compensation consultants, and reporting to the full board. The committee will also annually review its own performance and the adequacy of its charter.
Leisure Expert Panel Terms of Reference February 2016 v4Chris Gill
The Leisure Expert Panel (LEP) was formed to bring together stakeholders in the leisure industry to discuss health, safety, security and risk management. The panel aims to (1) reduce injury and loss risks in line with principles of safety and accountability, (2) promote consistency in operations and regulation, and (3) provide advice on legislation, standards and guidance to third parties. The LEP will meet quarterly and is open to operators, advisors and specialists in health clubs, hotels, entertainment venues and more.
Presentation given by Russell Guthrie from the International Federation of Accountants at the Steering Committee meeting for MOSAIC (Memorandum of Understanding to Strengthen Accountancy and Improve Collaboration), Jaipur, India, February 2012.
Presentation by Szymon Radziszewicz, IFAC Senior Technical Manager, regarding the context of international standards on accounting and auditing and IFAC's Statements of Membership Obligations and policy statements.
The document discusses the role of the accounting profession in today's globalized and complex environment. It outlines how the International Federation of Accountants (IFAC) works to promote high-quality standards and oversight on a global level by establishing Statements of Membership Obligations for professional accounting organizations. National accounting bodies play an important role by supporting the implementation of standards and advocating for the profession.
Apresentação barclays capital 2010 latin america regulated industries confe...algar_ri
The document provides an overview of the Algar Group, a Brazilian telecommunications company. It discusses Algar Telecom, the group's telecom segment, including its strategy, business areas, financial results, and debt levels. It also summarizes other Algar Group business segments such as Algar Tecnologia, which focuses on IT, BPO, and consulting solutions. The document highlights the group's growth areas, strategic focus on customers, and solid financial and governance structure.
The document describes the organization of the Bank for International Settlements (BIS) as of March 31, 2012. It shows the BIS Board of Directors at the top, under which sit various committees that oversee areas like banking, risk management, and administration. Below this are the general manager and various departments that carry out the work of the organization like banking, research, and meetings. The compliance department has direct access to the audit committee.
ICICI Bank's corporate governance framework is based on an independent board with a majority of independent directors overseeing critical issues. The bank adheres to corporate governance guidelines from India's Ministry of Corporate Affairs. It has policies for whistleblowing, insider trading, business conduct, and CEO/CFO certification. Several committees monitor audit, remuneration, CSR, credit, customers, fraud, risk, and shareholder issues. Committee composition and meetings are provided for 2008-09, 2009-10, and 2010-11.
The document discusses international developments in auditing practices in different regions. In the UK, the Auditing Practices Board was established in 1991 to strengthen auditing processes and standards following some audit failures. In the US, the Sarbanes-Oxley Act of 2002 led to the creation of the Public Company Accounting Oversight Board to regulate auditors and restore investor confidence. For countries in the Southern African Development Community region, the Eastern, Central and Southern African Federation of Accountants aims to harmonize auditing and accounting standards to support public financial management and economic development across the region.
This document discusses best practices for effective board performance. It outlines a functional board structure with committees focused on areas like audit, nomination, and remuneration. It emphasizes the importance of appreciating assets like people, processes, and technology and establishing committees to oversee risk management, succession planning, and green initiatives. The document also notes the board's role in monitoring oversight, management analysis and discussion, and driving change to infrastructure assets to stay relevant in a shifting business environment. Overall it provides guidance on criteria for selecting board members and having an effective, high functioning board.
This document provides information about a 2-day internal audit masterclass training program on implementing the SEATA framework. The summary is:
1) The training will take place over 2 days in Kuala Lumpur, Malaysia on January 26-27, May 4-5, September 2-3, and November 26-27, 2009.
2) Attendees will learn how to effectively organize an internal audit function and implement practices aligned with global standards to ensure effectiveness.
3) Key topics include evaluating internal controls, conducting audits, developing audit reports, and maintaining strong corporate governance practices.
Governance Challenges of Running a Not-for-Profit in New ZealandHayesKnightNZ
On the 28 June 2011, Hayes Knight invited Kevin McCaffrey, Director of Effective Governance New Zealand, to address the Governance issues crippling New Zealand’s Not-for-Profits. A mixture of board members, managers, and CEOs from close to 90 Not-for-Profit organisations attended. This is the presentation from the event.
This document provides information about a 2-day internal audit masterclass training program on implementing and evaluating the SEATA framework for internal auditing. The training will be held in Singapore in January, May, September and December 2009 and cover topics such as assembling an effective internal audit function, governance issues, impacting shareholder value, and benchmarking internal audit practices against global standards. Participants will learn how to organize an internal audit department, identify audit activities and risks, interface with external parties, and apply best practices. The training is led by an experienced internal audit expert and certified fraud examiner. The document provides registration details such as fees, discounts for groups, and methods of registration and payment.
The document provides an overview of the Institute of Chartered Accountants of India (ICAI), which was established in 1949 under the Chartered Accountants Act. ICAI regulates the profession of accountancy in India and has over 167,000 members and 726,000 students. It focuses on activities like education and training, technical standards, research, and professional ethics to develop competent and ethical chartered accountants. ICAI also provides inputs to various government bodies and international organizations on policy matters to fulfill its role in nation building.
The document outlines the training requirements for committees and officers of cooperatives in the Philippines according to the Philippine Cooperative Code of 2008. It discusses the Education and Training Committee, other committees that may be formed, officers and their duties, and the training requirements for directors, officers, committee members, and the general manager. The training requirements aim to educate cooperative representatives on governance, management, financial and legal obligations.
This white paper introduces Armanino’s CFO Evolution thought leadership research. It defines a framework for consideration by CFOs and the key people within their organization as they think critically about their organization’s challenges and goals.
This document summarizes information about simplifying IT governance, risk management, and compliance (GRC). It discusses how GRC has become central to organizational strategies and how investment in GRC platforms and tools in the US reached $32 billion in 2008. It provides definitions for governance, risk management, and compliance. It also outlines some key areas of concern for GRC and how Microsoft's System Center Service Manager 2010 and IT Compliance Management Library products can help organizations address GRC requirements and regulations.
The document outlines the composition and roles of the Audit Committee, Remuneration Committee, and Nomination Committee of a company. The Audit Committee consists of 3 independent non-executive directors, two of whom are members of the Malaysian Institute of Accountants. The Remuneration Committee determines executive remuneration packages and reviews compensation for non-executive directors. The Nomination Committee recommends board membership candidates and ensures new directors receive proper induction.
This document discusses corporate board committees and their roles and responsibilities. It begins by explaining that board committees focus on specific areas to make recommendations to the full board. There are mandatory committees like the audit committee, which monitors financial reporting, and non-mandatory committees that provide guidance on areas like remuneration, shareholder grievances, nominations, compliance, investments, and risk management. The document concludes that committees help structure the board's work by handling specific tasks and advising the full board, though the board must ultimately approve all committee recommendations.
This document discusses IT governance and how it can be implemented consistently with ITIL best practices. It provides the following key points:
1) IT governance aims to align IT investments with business objectives, ensure the right groups make decisions, standardize solutions, efficiently execute processes, and minimize risk while maintaining quality.
2) Effective IT governance involves input from all stakeholders, balances organizational and technical requirements, and supports core ITIL processes like project management and business analysis.
3) IT governance operates at both high and low levels, with the business providing needs/requirements and IT providing execution, standards, and customer focus. Regional dialogue is important.
4) Examples are provided for how IT governance can be implemented at
Similar to Accounting Transparency & Financial Stability (20)
Este documento resume los Principios de Gobierno Corporativo del G20 y de la OCDE revisados, los cuales establecen estándares internacionales para una buena gobernanza corporativa. Se destaca que los Principios ahora incluyen un nuevo capítulo sobre sustentabilidad y resiliencia que promueve la divulgación de información relacionada con la sustentabilidad y el aseguramiento externo de esta información, y aclara que los consejos deben considerar oportunidades y riesgos materiales de sustentabilidad. El documento también resalta la
Este documento resume las perspectivas de los directores de empresas sobre los Principios de Gobierno Corporativo de la OCDE-G20. Mientras que la OCDE se enfoca en proteger a los accionistas e inversores, los directores ven el gobierno corporativo como un sistema para generar valor sostenible a largo plazo para la organización, sus partes interesadas y la sociedad. Algunas diferencias clave incluyen el rol del accionista, ya que los directores deben tomar decisiones de manera independiente, y el tratamiento de las partes interesadas, c
Experts from the International Auditing and Assurance Standards Board (IAASB), the European Commission (EC), the Committee of European Audit Oversight Bodies (CEAOB), assurance service providers, investors and the business community met to discuss the regulatory, policy and standard-setting path toward high-quality sustainability assurance.
Este documento presenta un resumen de la Norma Internacional de Contabilidad del Sector Público (NICSP) para la presentación de estados financieros en base de efectivo. La norma establece que los estados financieros deben incluir un estado de cobros y pagos en efectivo, políticas contables y notas explicativas. También recomienda revelar información sobre asistencia externa y de otro tipo recibida.
El documento presenta información sobre las Guías de Prácticas Recomendadas del IPSASB, incluyendo las GPR 1, 2 y 3. Resume los temas clave cubiertos por cada guía, como la presentación de información sobre sostenibilidad fiscal a largo plazo (GPR 1), el análisis y comentario de estados financieros (GPR 2), e información sobre rendimiento de servicios (GPR 3).
Este documento presenta un resumen del Marco Conceptual para la Información Financiera con Propósito General de las Entidades del Sector Público. Explica los objetivos y usuarios de la información financiera, las características cualitativas que debe cumplir, los elementos de los estados financieros, y los principios de reconocimiento y medición de activos y pasivos. También describe las características clave del sector público y las restricciones en la información incluida en los informes financieros.
Este documento proporciona una guía sobre la Norma Internacional de Contabilidad del Sector Público 33 (NICSP 33) sobre la adopción por primera vez de las Normas Internacionales de Contabilidad del Sector Público sobre la base de devengo. La NICSP 33 establece los requisitos para la preparación y presentación de los primeros estados financieros de una entidad cuando adopta las NICSP por primera vez. Incluye exenciones opcionales y exenciones que afectan la presentación razonable, así como requisitos de revelación durante el
Este documento trata sobre la contabilidad de las transacciones en moneda extranjera y las operaciones en el extranjero de las entidades del sector público. Explica conceptos como moneda funcional, reconocimiento inicial y posterior de partidas monetarias y no monetarias en moneda extranjera, y el tratamiento contable de las diferencias de cambio. También cubre los requisitos de revelación relacionados con la moneda extranjera.
Este documento presenta los requisitos para la presentación de información presupuestaria en las entidades del sector público. Establece que las entidades deben comparar los importes presupuestados con los importes reales, ya sea en columnas adicionales en los estados financieros o en un estado financiero separado, dependiendo de si la base del presupuesto y los estados financieros son comparables. También requiere notas de revelación que expliquen las diferencias entre el presupuesto original y el final, la base presupuestaria y de clasificación, el período
Este documento presenta las revelaciones de partes relacionadas según el Manual de Pronunciamientos de Contabilidad del Sector Público. Define parte relacionada como una entidad que puede controlar o influir significativamente a otra, y ofrece ejemplos como entidades asociadas y personal directivo clave. Explica que las revelaciones deben incluir la existencia de partes relacionadas, transacciones con ellas, y detalles sobre el personal clave de gestión para promover la transparencia y rendición de cuentas.
El documento presenta la información sobre el estado de flujos de efectivo. Explica que el estado de flujos de efectivo proporciona información sobre cómo una entidad genera y utiliza efectivo y tiene valor predictivo. Describe que el estado clasifica los flujos de efectivo en actividades operativas, de inversión y de financiación. También cubre conceptos como efectivo y equivalentes de efectivo, y los métodos directo e indirecto para preparar el estado.
Este documento presenta una introducción a los estados financieros requeridos para las entidades del sector público de acuerdo con las Normas Internacionales de Contabilidad para el Sector Público. Explica que los estados financieros deben incluir un estado de situación financiera, un estado de rendimiento financiero, un estado de cambios en los activos netos/patrimonio y un estado de flujo de efectivo, así como notas explicativas. También cubre conceptos clave como materialidad, presentación, revelación y clasificación corriente/no corriente
Este documento describe las combinaciones del sector público, incluidas las fusiones y adquisiciones. Una fusión ocurre cuando dos entidades se combinan sin que ninguna obtenga el control de la otra, mientras que una adquisición ocurre cuando una entidad obtiene el control de la otra. Las fusiones se contabilizan usando el método de contabilización de la unión de intereses modificado, mientras que las adquisiciones se contabilizan usando el método de adquisición.
Este documento proporciona una introducción a las Normas Internacionales de Contabilidad del Sector Público (NICSP) 34-38, que establecen los requisitos para la consolidación de estados financieros y la contabilización de inversiones en asociadas y negocios conjuntos. Explica los conceptos clave de control, influencia significativa y control conjunto, y cómo se aplican estas normas dependiendo del tipo de participación que tiene una entidad en otra. También resume los procedimientos de consolidación, contabilización de adquisiciones y disposiciones, y requis
Este documento proporciona requisitos de revelación para instrumentos financieros de acuerdo con el Manual de Pronunciamientos de Contabilidad del Sector Público. El objetivo es permitir que los usuarios evalúen la importancia de los instrumentos financieros para la situación financiera de la entidad y la naturaleza y alcance de los riesgos asociados. Se requiere revelar categorías de activos y pasivos financieros, partidas de ingresos y gastos, políticas contables, contabilidad de cobertura, valores razonables, prést
El documento habla sobre instrumentos financieros y coberturas. Explica que el objetivo de la contabilidad de coberturas es representar el efecto de las actividades de gestión de riesgos de una entidad. Las relaciones de cobertura pueden ser cobertura del valor razonable, cobertura de flujos de efectivo o cobertura de la inversión neta en el extranjero. También presenta dos ejemplos de cobertura de flujos de efectivo y cobertura del valor razonable.
1) El documento presenta conceptos básicos sobre instrumentos financieros de acuerdo con la NICSP 41. 2) Explica el reconocimiento, clasificación y medición posterior de activos y pasivos financieros. 3) También cubre temas como deterioro de activos financieros, préstamos en concesión y el modelo de pérdidas crediticias esperadas.
Este documento presenta los requisitos de revelación para instrumentos financieros según la NICSP 29. Se requiere revelar importes en libros, mediciones de valor razonable, ganancias y pérdidas, información sobre coberturas, préstamos en concesión y riesgos. También se debe revelar la clasificación y medición de activos y pasivos financieros de la entidad, así como tablas con importes en libros y valores razonables. Finalmente, se debe revelar información sobre el riesgo de crédito de los instrumentos derivados de
Este documento trata sobre instrumentos financieros, coberturas y derivados de acuerdo con la NICSP 29. Explica los conceptos de contabilidad de coberturas, cobertura de flujos de efectivo, cobertura de valor razonable, derivados e incluye ejemplos de cada uno. También define derivados implícitos y proporciona un ejemplo de swap de tasas de interés.
More from International Federation of Accountants (20)
1. Accounting Transparency &
Financial Stability
Ian Ball
Chief Executive Officer
International Federation of Accountants (IFAC)
ICATT’s Annual International Accounting & Finance Conference
October 10, 2012
Port of Spain, Trinidad
2. The International Federation
of Accountants
• The global organization of the
accountancy profession
• Approximately 2.5 million accountants in
public practice, education, government
services, industry, and commerce, in 127
countries
3. IFAC Vision
• That the global accountancy profession be
recognized as a valued leader in the
development of strong and sustainable
organizations, financial markets and
economies.
5. IFAC’s Mission
• To serve the public interest by:
– Contributing to the development, adoption and
implementation of high-quality international standards and
guidance
– Contributing to the development of strong
professional accountancy organizations and accounting
firms, and to high-quality practices by professional
accountants
– Promoting the value of professional accountants worldwide
– Speaking out on public interest issues where the
accountancy profession’s expertise is most relevant
6. Overview of IFAC Structure
IFAC
COUNCIL
Governance
& Nominating
Audit Committee
Committee
IFAC IFAC
Regulatory
BOARD Liaison Group
Planning
and Finance
Committee
Forum
of Firms
Professional Professional Small and International International International International
Transnational Accountancy Accountants Medium Compliance Auditing and Accounting Ethics Public Sector
Auditors Organization Advisory Panel Assurance Education Standards Accounting
Committee in Business Practices
Development Committee Committee Standards Standards Board for Standards
Committee Board Board Accountants Board
KEY
ACCOUNTABILITY
7. IFAC Structure and Oversight
IFAC
COUNCIL
Governance Public
& Nominating Interest
Audit Committee Oversight
Committee Board
IFAC IFAC
Regulatory
BOARD Liaison Group
Planning
and Finance
Committee
Forum
of Firms
Professional Professional Small and International International International International
Transnational Accountancy Accountants Medium Compliance Auditing and Accounting Ethics Public Sector
Auditors Organization Advisory Panel Assurance Education Standards Accounting
Committee in Business Practices
Development Committee Committee Standards Standards Board for Standards
Committee Board Board Accountants Board
KEY
ACCOUNTABILITY
OVERSIGHT
8. IFAC Structure, Oversight,
and Consultation
Monitoring
Group
IFAC
COUNCIL
Governance Public
& Nominating Interest
Audit Committee Oversight
Committee Board
IFAC IFAC
Regulatory
BOARD Liaison Group
Planning
and Finance
Committee
Forum Consultative Consultative Consultative
of Firms Advisory Advisory Advisory
Group Group Group
Professional Professional Small and International International International International
Transnational Accountancy Accountants Medium Compliance Auditing and Accounting Ethics Public Sector
Auditors Organization Advisory Panel Assurance Education Standards Accounting
Committee in Business Practices
Development Committee Committee Standards Standards Board for Standards
Committee Board Board Accountants Board
KEY
ACCOUNTABILITY
OVERSIGHT
CONSULTATION/ADVICE
9. The International Auditing and
Assurance Standards Board
• Sets high-quality standards in auditing
and assurance
• Facilitates adoption and implementation
• 82 jurisdictions are using or plan to
use the clarified ISAs
• Highlights:
– A top priority for 2012-1014: Enhancement of
auditor reporting standards
– Compilation Engagements―ISRS 4410 (Revised)
– Landmark Standard on Greenhouse Gas Statements
10. The International Accounting
Education Standards Board
• Strengthens the worldwide accountancy
profession by enhancing education
• Develops and facilitates International Education
Standards (IESs)
• Highlights:
– Revise and redraft its suite of eight IESs
11. The International Ethics Standards Board
for Accountants
• Develops Code of Ethics for Professional
Accountants
• The Code applies to all professional
accountants, whether in public
practice, business, education, or the public sector
• Highlights:
– Groundbreaking Exposure Draft:
Responding to a Suspected Illegal Act
– Review of Part C of the Code
12. The International Public Sector
Accounting Standards Board
• Sets International Public Sector Accounting
Standards (IPSASs)
– 31 accrual standards and a cash-basis standard
• Guidance and resources
– Train the Trainer
– Transition to the Accrual Basis of Accounting:
Guidance for Governments and Government
Entities
• Highlights:
– The Conceptual Framework for General Purpose
Financial Reporting by Public Sector Entities
13. Financial Crises—Adoption of IPSASs
Why Greece won't go away
By Laurence Knight Business reporter, BBC News
6 February 2012
14. IOSCO
“IFAC is concerned that the standards and
regulations governing sovereign issuers are
not of sufficient quality to protect investors and
ensure the stability of capital markets…”
“…looking at potential measures that could
improve the quality and reliability of
information disclosed by sovereign issuers and
therefore increase the protection of investors
and improve the stability of capital markets.”
15. PAO Development Committee
• Addresses the challenges facing the development
of strong professional accountancy organizations
(PAOs) in emerging and developing countries
• Brings together PAOs from developed and
developing nations
• Advocates for the economic and social benefits
that a formal profession can bring
• Highlights:
– Establishment of MOSAIC
16. Professional Accountants in Business
Committee
• Provides leadership and guidance
• Highlights:
– Competent and Versatile: How Professional Accountants in
Business Drive Sustainable Organizational Success (August
2011)
– New International Good Practice Guidance (IGPG), Evaluating
and Improving Internal Control in Organizations (Q4 2012)
– International Framework for Good Governance in the Public
Sector (Q2 2013)
• PAIB strategic review
17. Small and Medium Practices Committee
• Raises the profile of SMPs globally
• Represents interests to standard setters and
regulators
• Develops tools and resources
• Highlights:
– SMP Quick Poll
– SMP LinkedIn page
– Guide to Review Engagements
– Practice Management Guide (revision)
• SMP strategic review
18. Public Policy and Regulation
• Develops policy position papers:
– Public Sector Financial Management Transparency and
Accountability: The Use of International Public Sector
Accounting Standards
– A Definition of the Public Interest
– Global Regulatory Convergence and the Accountancy
Profession
• Comment letters
• Speech development
• PSTF
19. IFAC Membership
• Benefits of membership
– Part of an international community of the leading
professional accountancy bodies around the world
– Commitment to development of the profession
– Access to information, resources and support to help
strengthen the profession nationally
– Opportunities to provide input
– Ongoing dialogue with technical staff
• IFAC Compliance Program
– Promoting and monitoring convergence to international
standards
– Addressing the Statements of Membership Obligations
20. IFAC Member Body Relationship
• Tools and guidance
– SA Modules
– Practice Management, ISA Implementation, and
Quality Control guides for SMPs
– Competent and Versatile: How Professional
Accountants in Business Drive Sustainable Success