The document discusses the various committees that support the work of the Audit & Assurance Faculty. It describes each committee's purpose and leadership. Key committees include the Audit & Assurance Faculty Committee which oversees the faculty's work, the Technical and Practical Auditing Committee which provides technical guidance, and the ISA Implementation Sub-Group which develops auditing standards guidance. Volunteers are vital to the work of the committees and the faculty encourages members to get involved.
International Federation of Accountants-IFACSultan Mahmood
IFAC
is the global organization
for the accountancy
profession dedicated to
serving the public interest
by strengthening the
profession and contributing to the development of strong
international economies.
IFAC
is comprised of over 175
members and associates in
more than 130 countries and
jurisdictions, representing almost
3 million accountants in public
practice, education,
government service, industry,
and commerce.
International Federation of Accountants-IFACSultan Mahmood
IFAC
is the global organization
for the accountancy
profession dedicated to
serving the public interest
by strengthening the
profession and contributing to the development of strong
international economies.
IFAC
is comprised of over 175
members and associates in
more than 130 countries and
jurisdictions, representing almost
3 million accountants in public
practice, education,
government service, industry,
and commerce.
this presentation deals with two big standard-setting bodies IFAC and ICAEW, their governance, their members, history, salary, syllabus, opportunities, auditing activities, and A CASE STUDY
With the continued regulatory focus on asset values, the Institute has released a guide for year end reporting with an overview of the key concepts of impairment testing and why it is important.
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.
It explains the IASB’s Regulatory framework including the Companies act, Stock exchange listing rules and IFRS. It also explains the IASB relationship with other bodies and how they operate and how the IFRS are produced
Convergence of Public Sector Audit Standards
Jan Van Schalkwyk, Acting Corporate Executive - Auditor-General of South Africa
Kelly Anerud , Senior Technical Manager, The International Federation of Accountants (IFAC)
Gail Flister Vallieres, Assistant Director, Financial Management and Assurance GAO
Jeanette Franzell, Managing Director, Financial Management and Assurance
GAO, Moderator
The international bank for reconstruction and developmentSazedul Ekab
IBRD is the original World Bank institution. It works closely with the rest of the World Bank Group to
help developing countries reduce poverty, promote economic growth, and build prosperity.
this presentation deals with two big standard-setting bodies IFAC and ICAEW, their governance, their members, history, salary, syllabus, opportunities, auditing activities, and A CASE STUDY
With the continued regulatory focus on asset values, the Institute has released a guide for year end reporting with an overview of the key concepts of impairment testing and why it is important.
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.
It explains the IASB’s Regulatory framework including the Companies act, Stock exchange listing rules and IFRS. It also explains the IASB relationship with other bodies and how they operate and how the IFRS are produced
Convergence of Public Sector Audit Standards
Jan Van Schalkwyk, Acting Corporate Executive - Auditor-General of South Africa
Kelly Anerud , Senior Technical Manager, The International Federation of Accountants (IFAC)
Gail Flister Vallieres, Assistant Director, Financial Management and Assurance GAO
Jeanette Franzell, Managing Director, Financial Management and Assurance
GAO, Moderator
The international bank for reconstruction and developmentSazedul Ekab
IBRD is the original World Bank institution. It works closely with the rest of the World Bank Group to
help developing countries reduce poverty, promote economic growth, and build prosperity.
1. 14 JUNE 2015 AUDIT & BEYOND
FACULTY COMMITTEES
W
ithout accountants there would
be no ICAEW; without auditors
there would be no Audit &
Assurance Faculty (AAF); though many
members may not realise how vital their
role is to the technical and practical
guidance and support the faculty provides.
Volunteers oversee the work of the
faculty; contribute to the AAF event
programme and to publications such as
Audit & Beyond and Auditing in a group
context – practical considerations for
auditors (bit.ly/1AoU2bV); volunteers assist
with ICAEW responses to proposals and
developments from organisations such as
the Financial Reporting Council and the
International Auditing and Assurance
Standards Board.
Behind the scenes at the faculty all
of this work (and more) is supported by
a number of committees and working
groups.
The Audit & Assurance Faculty
Committee oversees the work of the
faculty and its technical committees.
It is chaired by James Roberts, BDO
partner, and meets at least five times
each year. The committee has 15 elected
or co-opted members from across the
audit profession.
The Technical and Practical Auditing
Committee (TPAC) is responsible for
representations to third parties and
providing technical and practical
guidance and support for members,
including events. It is chaired by David
Chopping, partner, Moore Stephens; it
has 16 members from all sizes of audit
firm, and meets monthly.
The Practitioner Services Committee
(PSC) represents the views and
experiences of small practitioners in
audit and assurance and informs
member education through publications,
roadshows and webinars. It is chaired by
practitioner Sandra Higgins and has nine
members from small firms.
The ISA Implementation Sub-Group
develops guidance for members and
responses to standard setters’
exposure drafts. It is chaired by
Hugh Morgan, technical director,
Baker Tilly. Its members are from audit
firms of all types and sizes, training
providers, other professional bodies
and staff from ICAEW’s QAD; it meets
quarterly.
The Special Reports of Accountants
Panel (SRAP) develops practical
guidance for members on risk
management and liability issues in
relation to special reporting. It is chaired
by Andy Harris, partner, Deloitte. It
meets quarterly and has 11 members
from firms of different sizes.
The Assurance Panel (TAP) supports the
development of new assurance services
and promotes them to practitioners and
other stakeholders. It is chaired by John
Ward, an independent consultant. Its 12
members meet approximately six times
each year.
The Internal Audit Panel (IAP) works to
advance the theory and practice of
internal audit. It is chaired by Martyn
Scrivens, group chief auditor, Credit
Suisse. It meets three times each year; its
11 volunteer members all have internal
audit experience.
The Audit Quality Working Group
develops responses to international
developments and produces guidance
and events to support members. It is
chaired by Gill Spaul, technical director
at Moore Stephens Europe. It has 11
members from a range of audit firms and
networks across the globe.
The Audit Quality Forum (AQF) tackles
challenges that are central to the
quality of audit and corporate reporting.
Charles Bowman, PwC partner, chairs
the AQF and its Steering group, which
meets regularly to support the work of
the Forum and help it to meet its
objectives. Steering group members
are from various backgrounds.
“If you feel that you have something to
contribute to any of these committees,
please get in touch. The faculty is always
looking for new volunteers,” says Henry
Irving, faculty head.
ON THE
COMMITTEE
The Audit & Assurance Faculty
exists thanks to a wide range of
practitioners. Here we outline
the various committees whose
hard work in individual areas
makes up the whole