IFAC 2008 annual report - IBR

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1.3 Collaboration activities of the Developing Nations Committee (DNC): Planned Services Delivered Services – 3rd Annual Developing Nations Conference IFAC, with the World Bank, the Inter-American Development Bank, and the six largest accounting and auditing networks hosted a three-day conference (CReCER Conference), Accounting and Accountability for Regional Economic Growth, in San Salvador, El Salvador in June. 1.4 In addition, IFAC is a member, coordinator and facilitator, of the Africa Focus Group (AFG). e AFG met in Cotonou, Benin in February and in Lusaka, Zambia in July. In addition to IFAC, the membership of the AFG includes the Association of Accountancy Bodies in West Africa, the Eastern Central and Southern African Federation of Accountants and the Fédération Internationale des Experts-Comptables Francophones. e principal focus is the establishment of a Pan-African Federation of Accountants. e DNC has also initiated formal outreach activities with aspiring IFAC members to exchange information about IFAC membership requirements and provide advice on development issues. e DNC carried out its first two facilitation activities in October with the Colegio Hondureño de Profesionales Universitarios en Contaduría Pública and the Instituto Salvadareño de Contadores Públicos. 2. Standard Setting 2.1 Collaboration activities with national and international standard setters: Planned Services Delivered Services – Annual meeting of National Auditing Standard e International Auditing and Assurance Standards Setters Board (IAASB) hosted its annual National Auditing Standard Setters meeting in Paris, France in March. – Participation at semi-annual European National IAASB representatives participated in two Auditing Standard Setters meeting European National Auditing Standard Setters meetings hosted by the Fédération des Experts Comptables Européens in Brussels, Belgium in April and October. – Academic research project on auditors’ report Contracts with four research teams were communications commissioned by the American finalized and signed in January and February. Institute of Certified Public Accountants, the American Accounting Association, and the IAASB – Meeting of National Ethics Standard Setters No meeting took place in 2008. It was postponed to 2009 to be consistent with the work program of the International Ethics Standards Board for Accountants (IESBA).* – Meeting of standard setters focused on public sector International Public Sector Accounting Standards financial reporting issues Board (IPSASB) representatives participated in: – National Standard Setters meetings in Melbourne, Australia in March and in Paris, France in September – A World Standard Setters meeting in London, United Kingdom in September T W E N T Y - E I G H T
Planned Services Delivered Services In addition, IPSASB representatives liaised or met with the following national and international standard setters or organizations: – Accounting Standards Board Committee on Accounting for Public Benefit Entities, London, United Kingdom, January – Financial Reporting Advisory Board, London, United Kingdom, March and April – American Institute of Certified Public Accountants, Washington D.C., United States, January – Australian Accounting Standards Board, Melbourne, Australia, April, May, June, July, August, September, October, November, and December – Financial Reporting Standards Board, Wellington and Auckland, New Zealand, July – Israeli Government Accounting Standards Board, Tel Aviv, Israel, September – International Accounting Standards Board, Ongoing 2.2 Facilitation of Consultative Advisory Groups: Planned Services Delivered Services – Meetings of the IAASB Consultative Advisory e IAASB CAG met in Basel, Switzerland in Group (CAG) March and in Toronto, Canada in September. – Meetings of the International Accounting Education e IAESB CAG met in San Diego, United States Standards Board (IAESB) CAG in February and in London, United Kingdom in September. – Meetings of the IESBA CAG e IESBA CAG met in Basel, Switzerland in March; Toronto, Canada in September; and London, United Kingdom in November. 3. Other Collaborative Activities 3.1 Collaboration with other organizations: Planned Services Delivered Services – Liaison with the International Organization of e Chief Executive Officer met with the Chair Supreme Audit Institutions (INTOSAI) of the INTOSAI Professional Standards Committee in Copenhagen, Denmark in June. IAASB staff participated in one meeting of the INTOSAI Professional Standards Committee and two meetings of the INTOSAI Financial Audit Guidelines Subcommittee. e main focus of these meetings was the development of Financial Audit Guidelines, consisting of a Practice Note for application to the public sector and an approved ISA. T W E N T Y - N I N E
Page 1 and 2: International Federation of Account
Page 3 and 4: INTERNATIONAL FEDERATION OF ACCOUNT
Page 5 and 6: Approaches to Continuing Profession
Page 7 and 8: Caribbean Region Conference entitle
Page 9 and 10: and beyond. In fact, we remain uniq
Page 11 and 12: REPORTS FROM THE CONSULTATIVE ADVIS
Page 13 and 14: CONSULTATIVE ADVISORY GROUP MEMBERS
Page 15 and 16: MESSAGE FROM STAVROS B. THOMADAKIS
Page 17 and 18: COMMITTEE MEMBERS — NOVEMBER 2007
Page 19 and 20: Countries in which IFAC members, as
Page 21 and 22: VIETNAM - Vietnam Accounting Associ
Page 23 and 24: Planned Services Delivered Services
Page 25 and 26: 3. Ethics Pronouncements 3.1 Ethics
Page 27 and 28: 6. Developing Nations Guidance 6.1
Page 29: 3. Transnational Auditing 3.1 Quali
Page 33 and 34: 3.4 Collaboration activities of the
Page 37 and 38: 3. Promotion of IFAC’s Public Int
Page 45 and 46: Section 5 Information Services Desc
Page 49 and 50: Our procedures performed included,
Page 51 and 52: FINANCIAL STATEMENTS INTERNATIONAL
Page 57 and 58: Amortization Amortization is calcul
Page 59 and 60: 3. IFAC Expenses by Activity 2008 2
Page 61 and 62: 9. Property and Equipment Office Fu
Page 63 and 64: The IFAC Board expects that the act
Page 65 and 66: Defined contribution plan IFAC oper
Page 67 and 68: IFAC Representatives On occasion, I
Page 69 and 70: To the Board of the International F

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