IFAC DNC Committee
IFAC SMP Permanent Task Force
Meeting
Summary
San Jose, Costa Rica – October 16-17, 2008
Contact: Sylvia
Barrett
(sylviabarrett@ifac.org)
Chennai,
India,
January 10-11, 2007
Chennai,
India,ofJanuary
10-11,
2007
This meeting
summary
the IFAC
Developing
Nations Committee
(DNC) has been prepared for information purposes only. Decisions
Chennai,
India,
10-11,
reported are
tentative
and January
reflect only
the 2007
current status of discussions
on projects which might change after further deliberation by the
Chennai, India, January 10-11, 2007
DNC.
Focus onChennai,
CentralIndia,
America
January 10-11, 2007
As part of its activities to assist developing professional accountancy
Chennai,
India, January
organizations
in working
towards10-11,
IFAC 2007
membership, the DNC has
established two formal outreach programs with organizations in
India, January
10-11, 2007
Honduras Chennai,
and El Salvador.
The outreach
activities have focused to
date on meetings and discussions between representatives from the
Chennai, India,
January 10-11,Universitarios
2007
Colegio Hondureño
de Profesionales
en Contaduria
Pública (COHPUCP) and the Instituto Salvadoreño de Contadores
India,DNC
January
10-11, 2007
Públicos Chennai,
(ISCP) and
members
and staff to explain the
requirements of IFAC membership and to provide advice on ways to
India, January
10-11,structure,
2007 and membership of
strengthenChennai,
the operations,
governance
the organizations.
Chennai, India, January 10-11, 2007
The committee also received a presentation from IFAC member
Colegio Contadores
de Publicos
(CCP)2007
of Costa Rica. The CCP
Chennai, India,
January 10-11,
provided an overview of its Part 3, Action Plan activities (see IFAC
Member Body
Compliance
Program)
and2007
related activities as part of
Chennai,
India, January
10-11,
projects undertaken through funding from the Multilateral Investment
Fund Cluster
for Accounting
and Auditing.
Chennai,
India, January
10-11, 2007
Linkage to Development Activities
Chennai, India, January 10-11, 2007
As part of the DNC’s continued commitment to encourage and
support funding
for India,
accountancy
Chennai,
Januarydevelopment
10-11, 2007 projects, the committee
received a presentation from the World Bank Manager Financial
Management
Middle
EastJanuary
North Africa
Chennai,
India,
10-11,region.
2007 Activity in the region
extends to 20 countries with a significant focus on private sector and
finance management
as well
as public
Chennai, India,
January
10-11, sector
2007 governance. Looking
into the future, the World Bank continues to support the region with
emphasis Chennai,
on projects
relating
governance
India,
Januaryto10-11,
2007 and anti-corruption,
improved transparency, support to capital markets and regulators, and
mechanisms
to better
monitor
progress.
Chennai,
India,
January
10-11, 2007
Chennai, India, January 10-11, 2007
Chennai, India, January 10-11, 2007
Chennai, India, January 10-11, 2007
Chennai, India, January 10-11, 2007
Good Practice Guide: The Development, Education, and
Training of Accounting Technicians
The committee reviewed the most recent draft of the Good Practice
Guide: The Development, Education, and Training of Accounting
Technicians. The Guide is being developed to raise awareness about
the role of accounting technicians and sets out a framework to assist
IFAC members and other professional accountancy organizations in
the development of an accounting technician program. The Guide is
being developed through the assistance of the Association of
Accounting Technicians of the UK. A joint editorial board comprised
of members from the DNC and the IAESB assists in the development
of the Guide including discussion about practices in other
jurisdictions and review of key drafts as part of the development
process.
Project Consideration – Anti-Corruption and Anti-Fraud
Resource Centre
The committee is exploring the development of an anti-corruption /
anti-fraud resource centre to bring together useful guidance and
discussion papers to raise awareness about the topic. Corruption and
fraud occurs in both developed and developing countries; however,
accountants, auditors and business leaders in developing countries
have less access to such information. Such a resource centre would
include information prepared by IFAC members and relevant
organizations whose mandate is to support the fight against
corruption and fraud.
Update of the Good Practice Guide, Establishing and
Developing a Professional Accountancy Body (Second
Edition)
This Guide was developed by the committee in 2005 to provide
guidance and tools to assist professional accountancy organizations in
their work to expand and strengthen their role and responsibilities in
representing the accountancy profession. The Guide is a resource for
IFAC members and associates, aspiring IFAC members, as well as
mentors and consultants working on accountancy development
projects aimed at either the private sector or public sector. The
committee will review the Guide to further expand on existing topics
and identify additional subject matters that will be useful to
professional accountancy organizations. Suggestions and feedback
may be submitted to Sylvia Barrett (sylviabarrett@ifac.org) or by
completing the feedback form available on the DNC’s website
(http://www.ifac.org/DevelopingNations/index.php#Resources).
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Feedback on the SMP Committee’s ISA Guide
In December 2007, IFAC’s Small and Medium Practices Committee
launched the implementation guide, Guide to Using International
Standards on Auditing in the Audits of Small- and Medium-sized
Entities (ISA Guide). The DNC discussed the usefulness and
objective of the ISA Guide in response to the SMP Committee’s
request for feedback. The DNC confirmed the need for and
importance of implementation guides like the ISA Guide and
identified various matters for consideration in developing the second
version of the Guide.
Next Meeting
The next meeting of the DNC will be on March 30-31, 2009. The
DNC plans to meet in Asia with the final location to be confirmed.
3