Presentation by Arnold Schilder, IAASB Chairman, at the Public Interest Oversight Board's 10th Anniversary Seminar, in Madrid, Spain, September 30, 2015.
Presentation by Warren Allen, President, International Federation of Accountants at the Institute of Certified Public Accountant of Greece, in Athens, Greece, September 19, 2014
The SMP Committee presentation outlined their role, objectives, strategic initiatives, and risks and opportunities. Their role is to provide input to standard setting and help adoption/implementation of standards for small-and-medium practices. Strategic initiatives included providing comments on standards, guides for implementing standards, and resources for practice management. Risks included regulations not being proportionate or relevant for SMPs and competition from unqualified practitioners; opportunities included growth areas for advisory services. They invited representatives to their annual SMP Forum in Uganda.
The document discusses changes to the auditor's report to make it more informative for users. Key changes include requiring the audit opinion to be presented first, including key audit matters (KAM) for listed entities, providing additional focus on going concern assessments, and including a new section on other information. KAM are matters of most significance to the audit determined based on risk assessments, significant judgments, and significant events/transactions. Not all matters will be included in every report. Resources are provided to help with implementation of the new standards, which are effective for periods ending after December 15, 2016.
James Gunn, Managing Director, Professional Standards, addresses the 6th Brazilian Conference on Accounting and Independent Auditing June 13, 2016, in Sao Paolo, Brazil.
Presentation by Dawn McGeachy, IFAC SMP Committee Member & Implementation Guidance Task Force Chair, at MIA-IFAC Regional SMP Forum, in Kuala Lumpur, Malaysia, November 18, 2015
The document summarizes activities and projects of the International Auditing & Assurance Standards Board (IAASB). It discusses the IAASB's priorities of ensuring high-quality audits in a changing environment. Key projects include revisions to ISA 540 on accounting estimates, ISA 315 on risk assessment, ISA 220 on engagement quality control, ISA 600 on group audits, and strengthening professional skepticism. It provides updates on the progress of these projects and outlines the IAASB's focus on matters like scalability, firm quality control, and addressing the needs of small- and medium-sized practices and audits of smaller entities.
Presentation by Warren Allen, President, International Federation of Accountants at the Institute of Certified Public Accountant of Greece, in Athens, Greece, September 19, 2014
The SMP Committee presentation outlined their role, objectives, strategic initiatives, and risks and opportunities. Their role is to provide input to standard setting and help adoption/implementation of standards for small-and-medium practices. Strategic initiatives included providing comments on standards, guides for implementing standards, and resources for practice management. Risks included regulations not being proportionate or relevant for SMPs and competition from unqualified practitioners; opportunities included growth areas for advisory services. They invited representatives to their annual SMP Forum in Uganda.
The document discusses changes to the auditor's report to make it more informative for users. Key changes include requiring the audit opinion to be presented first, including key audit matters (KAM) for listed entities, providing additional focus on going concern assessments, and including a new section on other information. KAM are matters of most significance to the audit determined based on risk assessments, significant judgments, and significant events/transactions. Not all matters will be included in every report. Resources are provided to help with implementation of the new standards, which are effective for periods ending after December 15, 2016.
James Gunn, Managing Director, Professional Standards, addresses the 6th Brazilian Conference on Accounting and Independent Auditing June 13, 2016, in Sao Paolo, Brazil.
Presentation by Dawn McGeachy, IFAC SMP Committee Member & Implementation Guidance Task Force Chair, at MIA-IFAC Regional SMP Forum, in Kuala Lumpur, Malaysia, November 18, 2015
The document summarizes activities and projects of the International Auditing & Assurance Standards Board (IAASB). It discusses the IAASB's priorities of ensuring high-quality audits in a changing environment. Key projects include revisions to ISA 540 on accounting estimates, ISA 315 on risk assessment, ISA 220 on engagement quality control, ISA 600 on group audits, and strengthening professional skepticism. It provides updates on the progress of these projects and outlines the IAASB's focus on matters like scalability, firm quality control, and addressing the needs of small- and medium-sized practices and audits of smaller entities.
IFAC and the World Bank Centre for Financial Reporting Reform hosted a joint Regional Small- and Medium-sized Practices (SMP) Forum for Europe and Central Asia on May 31 in Vienna, Austria.
The Forum provided the opportunity to discuss addressing the challenges and opportunities SMPs and medium-sized entities (SMEs) face. This is a presentation by Hysen Cela, President, Institute of Authorized Chartered Auditors of Albania.
On May 18, 2016, IAASB Chairman Prof. Arnold Schilder presented "The IAASB's Work to Enhance Audit Quality" to the Standing Advisory Group of the US Public Company Accounting Oversight Board in Washington, D.C.
IFAC and the World Bank Centre for Financial Reporting Reform hosted a joint Regional Small- and Medium-sized Practices (SMP) Forum for Europe and Central Asia on May 31 in Vienna, Austria.
The Forum provided the opportunity to discuss addressing the challenges and opportunities SMPs and medium-sized entities (SMEs) face. This is a presentation by Dawn McGeachy, Member, IFAC SMP Committee.
Presentation by Subodh Agrawal, Past President of ICAI, Member of IFAC SMP Committee, at the CAPA 2015 Conference, in Seoul, Korea, October 27-29, 2015.
The future of audit outlines the vision of Pieter de Kok regarding the future of audit. Process mining, data-analytics, open data, big data, predictive assurance, cloud, gamification. Coney developed the EYE of Audit Disruption.
This presentation was delivered on July 22, 2020. For more information, or to watch the full webinar, please visit: https://www.ifac.org/knowledge-gateway/contributing-global-economy/discussion/securing-sustainable-finances-advancing-global-approach
The document discusses the accounting and auditing profession in Belarus. It notes that the number of audit firms in Belarus decreased from 102 in 2016 to 82 in 2017. The Ministry of Finance regulates the profession and issues mandatory certifications. In 2016, 53% of firm revenues came from audits, while 47% came from other services. While International Standards on Auditing are not mandatory, the UCAA aims to support members in applying international standards. The UCAA represents firms and individuals and works to develop the profession through activities like cooperation on continuing professional development.
Presentation by Prof. Alexandra Watson, the College of Accounting, University of Cape Town, on integrated reporting and the evolution of the issue and practice in South Africa given at the International Federation of Accountants’ Council Seminar, A Fundamental Shift in Corporate Reporting.
Presentation given by Helen Brand, Chief Executive, Association of Chartered Certified Accountants (ACCA) on integrated reporting during the International Federation of Accountants’ Council Seminar, A Fundamental Shift in Corporate Reporting.
The document discusses the Australian government's current project to examine the feasibility of sustainability reporting. The project will assess sustainability reporting by mid-2012 through a reference group and pilot programs with relevant consultation. Key considerations for the project include working within existing Australian reporting guidelines and standards, avoiding additional reporting burdens, and using existing reporting bases, indices and metrics where possible. The document also outlines some of the main issues to consider in designing a sustainability reporting system, such as scope, standards, assurance, and implementation challenges.
Evaluation and the budget - the role of SAIs -- Leonardo Albernaz, BrazilOECD Governance
Presentation by Leonardo Albernaz, Brazil, at the 11th annual meeting of the OECD Senior Budget Officials Performance and Results network, OECD, 26-27 November 2015
Evaluating OECD performance on performance & evaluation: successes, challenge...OECD Governance
Presentation by Ronnie Downes, OECD Secretariat, at the 11th annual meeting of the OECD Senior Budget Officials Performance and Results network, OECD, 26-27 November 2015
Presentation from the webinar "State-Owned Enterprises & Professional Accountancy Organizations in PFM Reform: Recovery Post COVID-19" (August 11, 2021).
The IAASB is suggesting changes to auditor reporting to make reports more relevant and informative for users. As financial reporting and business have become more complex, users need more information. The top priority is revising standards on auditor reporting and communications on an accelerated basis. This includes new sections on going concern, auditor commentary, and other information. Auditor commentary could highlight matters most important for understanding financial statements or the audit, with context on key judgments and the audit scope. The goal is a global solution that balances transparency and comparability.
Spending reviews: recent PB reform Agenda in Korea -- Nowook Park, KoreaOECD Governance
Presentation by Nowook Park, Korea, at the 11th annual meeting of the OECD Senior Budget Officials Performance and Results network, OECD, 26-27 November 2015.
Engaging stakeholders effectively for a targeted approach in evaluationOECD Governance
Presentation by Sara Piller European Commission, at the 9th Conference on Measuring Regulatory Performance - Closing the Regulatory Cycle: Effective ex post Evaluation for Improved Policy Outcomes which took place in Lisbon on 20-21 June 2017. Further information is available at www.oecd.org/gov/regulatory-policy/measuring-regulatory-performance.htm.
Listen to Prof. Roger Simnett, IAASB member and Audits of Less Complex Entities Working Group Chair, discuss the challenges and possible actions that the IAASB is exploring in its current Consultation Paper, which is open for public comment until September 12, 2019.
Listeners and stakeholders are also encouraged to share their thinking with the IAASB on less complex entities through IFAC's survey on issues relating to audits of less complex entities.
This document discusses the needs and expectations for revising the ISO 9001 standard in 2015. It provides background on the history of the ISO 9000 standards and outlines the requirements and design specifications for the 2015 revision, including making risk management more explicit, adopting a common high-level structure, and revising the quality management principles. It also examines some pros and cons of the international standardization process.
1) The document describes a guide on financial transparency best practices developed as part of an EU-funded project in Western Africa.
2) It involved capacity building for microfinance institutions in Senegal, Mali, Burkina Faso, and Benin and supported upgrading management information systems and internal controls.
3) The guide identifies ten best practices organized according to three phases of institutional development: creation, growth, and structuration.
IFAC and the World Bank Centre for Financial Reporting Reform hosted a joint Regional Small- and Medium-sized Practices (SMP) Forum for Europe and Central Asia on May 31 in Vienna, Austria.
The Forum provided the opportunity to discuss addressing the challenges and opportunities SMPs and medium-sized entities (SMEs) face. This is a presentation by Hysen Cela, President, Institute of Authorized Chartered Auditors of Albania.
On May 18, 2016, IAASB Chairman Prof. Arnold Schilder presented "The IAASB's Work to Enhance Audit Quality" to the Standing Advisory Group of the US Public Company Accounting Oversight Board in Washington, D.C.
IFAC and the World Bank Centre for Financial Reporting Reform hosted a joint Regional Small- and Medium-sized Practices (SMP) Forum for Europe and Central Asia on May 31 in Vienna, Austria.
The Forum provided the opportunity to discuss addressing the challenges and opportunities SMPs and medium-sized entities (SMEs) face. This is a presentation by Dawn McGeachy, Member, IFAC SMP Committee.
Presentation by Subodh Agrawal, Past President of ICAI, Member of IFAC SMP Committee, at the CAPA 2015 Conference, in Seoul, Korea, October 27-29, 2015.
The future of audit outlines the vision of Pieter de Kok regarding the future of audit. Process mining, data-analytics, open data, big data, predictive assurance, cloud, gamification. Coney developed the EYE of Audit Disruption.
This presentation was delivered on July 22, 2020. For more information, or to watch the full webinar, please visit: https://www.ifac.org/knowledge-gateway/contributing-global-economy/discussion/securing-sustainable-finances-advancing-global-approach
The document discusses the accounting and auditing profession in Belarus. It notes that the number of audit firms in Belarus decreased from 102 in 2016 to 82 in 2017. The Ministry of Finance regulates the profession and issues mandatory certifications. In 2016, 53% of firm revenues came from audits, while 47% came from other services. While International Standards on Auditing are not mandatory, the UCAA aims to support members in applying international standards. The UCAA represents firms and individuals and works to develop the profession through activities like cooperation on continuing professional development.
Presentation by Prof. Alexandra Watson, the College of Accounting, University of Cape Town, on integrated reporting and the evolution of the issue and practice in South Africa given at the International Federation of Accountants’ Council Seminar, A Fundamental Shift in Corporate Reporting.
Presentation given by Helen Brand, Chief Executive, Association of Chartered Certified Accountants (ACCA) on integrated reporting during the International Federation of Accountants’ Council Seminar, A Fundamental Shift in Corporate Reporting.
The document discusses the Australian government's current project to examine the feasibility of sustainability reporting. The project will assess sustainability reporting by mid-2012 through a reference group and pilot programs with relevant consultation. Key considerations for the project include working within existing Australian reporting guidelines and standards, avoiding additional reporting burdens, and using existing reporting bases, indices and metrics where possible. The document also outlines some of the main issues to consider in designing a sustainability reporting system, such as scope, standards, assurance, and implementation challenges.
Evaluation and the budget - the role of SAIs -- Leonardo Albernaz, BrazilOECD Governance
Presentation by Leonardo Albernaz, Brazil, at the 11th annual meeting of the OECD Senior Budget Officials Performance and Results network, OECD, 26-27 November 2015
Evaluating OECD performance on performance & evaluation: successes, challenge...OECD Governance
Presentation by Ronnie Downes, OECD Secretariat, at the 11th annual meeting of the OECD Senior Budget Officials Performance and Results network, OECD, 26-27 November 2015
Presentation from the webinar "State-Owned Enterprises & Professional Accountancy Organizations in PFM Reform: Recovery Post COVID-19" (August 11, 2021).
The IAASB is suggesting changes to auditor reporting to make reports more relevant and informative for users. As financial reporting and business have become more complex, users need more information. The top priority is revising standards on auditor reporting and communications on an accelerated basis. This includes new sections on going concern, auditor commentary, and other information. Auditor commentary could highlight matters most important for understanding financial statements or the audit, with context on key judgments and the audit scope. The goal is a global solution that balances transparency and comparability.
Spending reviews: recent PB reform Agenda in Korea -- Nowook Park, KoreaOECD Governance
Presentation by Nowook Park, Korea, at the 11th annual meeting of the OECD Senior Budget Officials Performance and Results network, OECD, 26-27 November 2015.
Engaging stakeholders effectively for a targeted approach in evaluationOECD Governance
Presentation by Sara Piller European Commission, at the 9th Conference on Measuring Regulatory Performance - Closing the Regulatory Cycle: Effective ex post Evaluation for Improved Policy Outcomes which took place in Lisbon on 20-21 June 2017. Further information is available at www.oecd.org/gov/regulatory-policy/measuring-regulatory-performance.htm.
Listen to Prof. Roger Simnett, IAASB member and Audits of Less Complex Entities Working Group Chair, discuss the challenges and possible actions that the IAASB is exploring in its current Consultation Paper, which is open for public comment until September 12, 2019.
Listeners and stakeholders are also encouraged to share their thinking with the IAASB on less complex entities through IFAC's survey on issues relating to audits of less complex entities.
This document discusses the needs and expectations for revising the ISO 9001 standard in 2015. It provides background on the history of the ISO 9000 standards and outlines the requirements and design specifications for the 2015 revision, including making risk management more explicit, adopting a common high-level structure, and revising the quality management principles. It also examines some pros and cons of the international standardization process.
1) The document describes a guide on financial transparency best practices developed as part of an EU-funded project in Western Africa.
2) It involved capacity building for microfinance institutions in Senegal, Mali, Burkina Faso, and Benin and supported upgrading management information systems and internal controls.
3) The guide identifies ten best practices organized according to three phases of institutional development: creation, growth, and structuration.
Integrated Continuous Improvements EcosystemQuEST Forum
Integrated Continuous Improvements Ecosystem presented by Duncan Zhang and Amy Yue - NOKIA. Quality leaders from NOKIA discuss how to implement an Integrated Continuous Improvements Ecosystem that incorporates and manages improvement initiatives from multiple improvement activities and boosts quality with a strategic target.
The document discusses sustainability reporting and community engagement. It defines sustainability reporting as measuring, disclosing and being accountable for organizational performance against environmental, social and governance goals. It emphasizes that sustainability reporting involves measurement, is a recurring process, and requires stakeholder engagement. The document also discusses linking community social investment to sustainability reporting and using reporting to engage stakeholders.
Work Package 8 aims to strengthen the network facilitating the Water, Climate and Development Program and ensure its long-term sustainability through three main objectives: 1) Capacitating the network to effectively deliver programs; 2) Monitoring, learning and improving implementation; and 3) Enhancing fundraising for water security and climate resilience programs. Key activities include fundraising, monitoring and evaluation, financial management, stakeholder engagement, and strengthening governance. Progress will be measured by indicators such as the amount of locally raised funding leveraged and implementation of a results framework and monitoring & evaluation system across the network.
The document summarizes the WASH Bottleneck Analysis Tool (BAT) developed by UNICEF to help countries identify and address bottlenecks preventing improved access to water, sanitation, and hygiene services. The BAT brings stakeholders together to discuss challenges, prioritize issues, and develop evidence-based investment strategies. Pilot tests in Ghana and Sierra Leone found the BAT motivated participants and filled an important gap. While not intended as a performance benchmark or funding needs assessment, the BAT aims to support country and global monitoring efforts if indicators can be standardized and reporting mechanisms established.
OECD Principles on Budgetary Governance - Andrew Blazey, OECDOECD Governance
This document reports on the implementation of budgetary governance recommendations from the OECD Council. It finds that medium-term expenditure frameworks and fiscal rules have been widely applied. Notable improvements include accrual accounting and independent fiscal institutions. Spending reviews to examine efficiency and effectiveness are also common. Opportunities exist to further integrate cross-cutting goals like gender equality and sustainability. Future work should broaden the analysis of challenges and technologies supporting budget transparency and performance. Regular monitoring will continue to assess implementation progress.
The document introduces a framework developed by RemSoc to provide practical guidance for remediation practitioners. It aims to support remediation activities and consider key aspects like protecting health and the environment, best practices, decision making, record keeping, governance and science. Originally developed in 2016, the framework structures guidance around remediation stages and relevant questions. It was launched in 2019 on RemSoc's website with interactive tools like risk registers. Next steps are to promote the framework through various channels and case studies to gather feedback and improve its usability.
Presentation give by IFAC Senior Technical Manager Szymon Radziszewicz at the World Bank's Fiduciary Forum in May 2012 on the importance and role IFAC's Statements of Membership Obligations (SMOs) play in helping professional accountancy organizations around the world encourage and support high-quality financial information and inclusive and sustainable economic growth.
The presentation discusses the Scottish Government's International Development Fund's focus on measuring effectiveness and learning from projects. It outlines reasons for this focus, including accountability and demonstrating impact. It describes the IDF's structure, approach, and lessons learned from past experience. Recent developments include a review of monitoring and evaluation approaches and guidance on related budgets. Next steps include considering evaluation reports, refining funding round criteria, and reviewing changes to further harmonization and simplification. The overall goals are to clarify M&E purposes and methods, rigorously understand outcomes, ensure participation, and align with partners while complying with international standards.
The document summarizes the work of the Energy Management Working Group (EMWG) which aims to accelerate adoption of energy management systems like ISO 50001. It discusses four key principles for ISO 50001 success: 1) ISO 50001 provides a framework for measuring climate impacts, 2) Qualified ISO 50001 professionals maximize impacts, 3) Robust certification strategies support consistent outcomes, and 4) International input strengthens the standards. It encourages actions like using qualified professionals, accredited certification bodies, and joining the EMWG's campaign to drive 50,000 ISO 50001 certifications by 2020.
This document outlines the evaluation plan for Malta's Operational Programmes from 2007-2013. It involves ongoing monitoring, mid-term evaluations of each programme in 2009-2010 to assess effectiveness and efficiency, and thematic evaluations on increased competitiveness and enhanced quality of life through programme-supported initiatives between 2010-2014. Evaluation results will be used to improve performance and strategic direction, and promote best practices. The overall approach includes both top-down and bottom-up perspectives and horizontal themes.
Sustainable Procurement Index for Health (SPIH) Virtual SessionUN SPHS
This document provides an overview and agenda for a session on the Sustainable Procurement Index for Health (SPIH) project. It introduces the moderator and speakers for the session. The session will include an overview of the SPIH concepts, a discussion of the piloting phase where the SPIH was tested, and feedback from the piloting phase. It will conclude with a question and answer period. The objectives of the piloting phase are outlined as understanding how easy or challenging the SPIH is for suppliers to complete and buyers to review, and gathering feedback on the SPIH structure, criteria, and implementation. An overview of the piloting process and the types of feedback requested from participants is also provided.
Project Initiation Routemap - Denise Bower, United KingdomOECD Governance
Presentation made by Denise Bower, University of Leeds / Major Projects Association, United Kingdom, at the Symposium on Governance of Infrastructure held at the OECD, Paris, on 29 February 2016
The UN-REDD Programme supports countries in developing national REDD+ strategies and implementing readiness activities. It has established social and environmental principles and criteria to ensure REDD+ benefits and safeguards risks. It is also developing participatory governance assessment approaches and guidelines on stakeholder engagement and free, prior, and informed consent. The tools are being piloted and implemented in partner countries like Vietnam, Indonesia, and Ecuador to help operationalize safeguards at the national level.
This document discusses the International Accounting Education Standards Board's (IAESB) role in establishing standards for accounting education and professional development. The IAESB aims to strengthen the global accountancy profession through high-quality education standards, promoting adoption of International Education Standards, and monitoring implementation of standards. It also discusses emerging trends impacting accounting education, key stakeholders, the IES revision project, and consequences of revising the standards.
Evaluating the performance of OECD Committees -- Kevin Williams, OECD Secreta...OECD Governance
Presentation by Kevin Williams, OECD Secretariat, at the 11th annual meeting of the OECD Senior Budget Officials Performance and Results network, OECD, 26-27 November 2015
Similar to Standard Setting in the Public Interest – IAASB Milestones (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
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During the budget session of 2024-25, the finance minister, Nirmala Sitharaman, introduced the “solar Rooftop scheme,” also known as “PM Surya Ghar Muft Bijli Yojana.” It is a subsidy offered to those who wish to put up solar panels in their homes using domestic power systems. Additionally, adopting photovoltaic technology at home allows you to lower your monthly electricity expenses. Today in this blog we will talk all about what is the PM Surya Ghar Muft Bijli Yojana. How does it work? Who is eligible for this yojana and all the other things related to this scheme?
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Standard Setting in the Public Interest – IAASB Milestones
1. Page 1
Standard Setting in the Public
Interest – IAASB Milestones
Prof. Arnold Schilder, IAASB Chairman
Public Interest Oversight Board's 10th Anniversary Seminar
Madrid, Spain
September 30, 2015
2. Page 2
• Holistic response to heightening regulatory attention to audit
quality, and challenges in implementing global standards
• Clarity project a key backdrop to robust 2003 reforms
• Objectives
– Improve understandability of ISAs and eliminate ambiguity
– Enhance quality of auditor performance
– Improve relevance and applicability to SME
– Facilitate global adoption
• Comprehensive revision and redrafting of ISAs
• Implementation Monitoring Review: confirmed that Clarity
Project in essence achieved its objectives
1. Clarified ISAs – Finalized 2009
3. Page 3
Global Adoption of Clarified ISAs
Jurisdictions Using Clarified ISAs Already, or Committed to Using Them in the
Near Future (110)
Europe (41): Albania, Armenia, Austria, Belgium, Bosnia and Herzegovina, Bulgaria, Croatia,
Cyprus, Czech Republic, Denmark, Estonia, Finland, France (Experts Comptables), FYR
Macedonia, Georgia, Greece, Hungary, Iceland, Ireland, Italy, Kosovo, Latvia, Lithuania,
Luxembourg, Malta, Moldova, Montenegro, Netherlands, Norway, Poland, Romania, Russia,
Serbia, Slovakia, Slovenia, Spain, Sweden, Switzerland, Turkey, Ukraine, United Kingdom
Americas (20): Argentina, Bahamas, Barbados, Brazil, Canada, Cayman Islands, Chile,
Colombia, Costa Rica, El Salvador, Guatemala, Guyana, Jamaica, Mexico, Nicaragua, Panama,
Puerto Rico (private companies), Trinidad and Tobago, Uruguay, USA (private companies)
Asia and Oceania (22): Australia, Bangladesh, China, Hong Kong, India, Indonesia, Japan,
Kazakhstan, Kyrgyz Republic, Malaysia, Mongolia, Nepal, New Zealand, Pakistan, Papua New
Guinea, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Uzbekistan (listed entities),
Vietnam
Africa/Middle East (27): Bahrain, Benin, Botswana, Ghana, Jordan, Kenya, Kuwait, Lebanon,
Lesotho, Malawi, Mali, Mauritius, Namibia, Nigeria, Palestine, Rwanda, Senegal, Sierra Leone,
South Africa, Swaziland, Tanzania, Togo, Tunisia, Uganda, United Arab Emirates (Abu Dhabi and
Dubai), Zambia, Zimbabwe
4. Page 4
2. New Auditor Reporting: A Response to User Needs
– 2015
• New and Revised ISAs determine the future of global
auditor reporting and improved auditor communications
• Essential to the continued relevance of the audit
profession globally
– Audit opinion is valued, but the auditor report can be more
informative
– Users want more relevant and decision-useful information
about the entity and the financial statements audit
Key Audit Matters, Going Concern, etc.
• Adoption progressing, e.g. Europe, South Africa,
Australia, Singapore
5. Page 5
3. Framework for Audit Quality – 2014
• Primary responsibility for
performing quality audits
rests with auditors, but …
• Each stakeholder plays an
important role supporting
high-quality financial
reporting
• Audit quality is best
achieved in an environment
where there is support from
other participants in the
financial reporting supply
chain
• Increased interaction is
promoted in the Framework
for Audit Quality
Audit Quality Interactions
7. Page 7
• The ISAs need to better address increasing
complexity and new technologies in the business
and audit environment, and deliver against the
public’s heightening expectations of quality
• The profile of tomorrow’s auditor is a critical
challenger, supported by a regime focused on
public interest and quality management, and well
observable for stakeholders
• Strong call for active dialogue with all kinds of
stakeholders (ITC – December 2015)
Key Public Interest Areas to Address
Comprehensive revision and redrafting of ISAs
Proactive improvement in critical areas e.g., judgmental areas, skepticism, using work of others, communications, etc.