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  • 2012 IFAC Small and Medium Practices Forum

    Singapore English

    See the press release and article on the cover of the April 2012 IFAC Newsletter. See also the brochure or email SMPForum@ifac.org for more information.

    Forum Program

    8:00 – 9:00Registration and Collection of Materials
    9:00 – 9:10

    Welcome from Guest of Honor

    Ms. Jessica Tan, Chairman, Government Parliamentary Committee for Finance and Trade & Industry; Member of Parliament, East Coast GRC

    Session 1 - Setting the Scene: SME and SMP Landscape

    View all Session 1 Presentations

    9:10 – 10:30

    Chair: Giancarlo Attolini, Chair, IFAC SMP Committee (Presentation)

    Panelists:
    Warren Allen, Deputy President, IFAC (Presentation)
    Dr. Ernest Kan, President, ICPAS (Presentation)
    Victor Tay, Chief Operating Officer, Singapore Business Federation

    10:30 – 11:00Break
    Refreshments will be served.
    Session 2 - Shaping Regulation and Standards to Suit SMEs and SMPs

    View all Session 2 Presentations

    11:00 – 12:30

    Chair: David Chitty, Member, IFAC SMP Committee

    Panelists:
    Phil Cowperthwaite, Chair, International Auditing and Assurance Standards Board (IAASB) (Presentation)
    Don Thomson, Member, International Ethics Standards Board for Accountants (IESBA) (Presentation)
    Julia Tay, Assistant Chief Executive (Accountancy), Accounting and Corporate Regulatory Authority (ACRA) (Presentation)
    Brian Bluhm, Member, IFAC SMP Committee (Presentation)
    Robin Jarvis, Member, International Accounting Standards Board (IASB) SME Implementation Group (Presentation)

    12:30 – 1:30

    Buffet Lunch 

    Session 3 - Helping SMPs Meet the Challenges and Seize the Opportunities of Tomorrow

    View all Session 3 Presentations

    1:30 – 3:00

    Chair: Albert Au, Member, IFAC SMP Committee (Presentation)

    Panelists:
    Florin Toma, Member, IFAC SMP Committee (Presentation)
    Stuart Black, Member, IFAC SMP Committee (Presentation)
    Don Ho, Member, ICPAS Council (Presentation)
    Brendon Yeo, Assistant Honorary Treasurer, Association of Small & Medium Enterprises

    3:00 – 3:30Break 
    Refreshments will be served.
    Session 4 - Breakout Groups

    View all Session 4 Presentations

    3:30 – 5:15

    Track A: Helping SMPs Promote/Implement IAASB Standards (Ballroom 1)
    Chairs: Inge Saeys, Member, IFAC SMP Committee and Dawn McGeachy-Colby, Director, Public Practice, CGA-Canada (Presentation)

    Track B: Influencing the Regulatory Agena     (Ballroom 2) 
    Chairs: Andreas Noodt and Ricardo Rodil, Members, IFAC SMP Committee (Presentation)

    Track C: Assisting SMPs Develop Business Advisory     (Vanda 1, 2)
    Chairs: Christina Foo, Member, IFAC SMP Committee and Mark Koziel, Vice President – Firm Services & Global Alliances, American Institute of CPAs (Presentation)

    5:20 – 5:30

    Concluding Remarks
    Giancarlo Attolini, Chair, IFAC SMP Committee

    5:30 – 7:00

    Reception
    Light Food and Drinks

     

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    Co-Hosted by the Institute of Certified Public Accountants of Singapore

  • Global Accountancy Leaders Identify Key Issues for 2012

    New York, New York English

    The International Federation of Accountants (IFAC), the global organization for the accountancy profession with members and associates in 127 countries, today released the results of its 2011 IFAC Global Leadership Survey of the Accounting Profession.

    Respondents identified three issues of particular concern to the profession in 2012: the Difficult global financial climate, Enhancing the reputation/credibility of the profession, and Addressing the needs of SMPs and SMEs. Additional concerns for this year include: Issues related to EU draft legislation, Public sector/sovereign debt issues, Increased regulation, Global regulatory convergence, Role of the professional accountant in business, and Auditor independence.

    “The difficult financial climate was a strong theme in this year’s survey,” said Ian Ball, chief executive officer of IFAC. “Accountancy leaders around the world told us that a key concern is addressing the needs of SMPs and SMEs, important engines of economic growth and development that could be instrumental in improving the world’s economies. Continued global regulatory convergence—which can help promote growth and development, reduce economic uncertainty, and enhance international financial stability—was also highlighted as a significant issue. Addressing the ongoing sovereign debt issues, which are impacting growth and contributing to economic uncertainty, were also highlighted as key concerns for 2012.”

    About the Survey
    The 2011 IFAC Global Leadership Survey on the Accountancy Profession asked officers (generally presidents and chief executive officers) from IFAC’s member bodies, associates, affiliates, and regional accountancy organizations and groupings a variety of questions regarding the accountancy profession. The survey results include data from 123 respondents from 71 countries and jurisdictions who took the survey from December 1, 2011 to January 11, 2012.

    About IFAC
    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 167 members and associates in 127 countries and jurisdictions, representing approximately 2.5 million accountants in public practice, education, government service, industry, and commerce.

     

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  • Recommendations for G-20 Working Group 1 - Enhancing Sound Regulation and Strengthening Transparency

    IFAC believes that the accountancy profession will have an essential role to play in resolving the current crisis and in building a reformed international financial system. Therefore, IFAC would like to support the G20 in its work in facilitating change throughout the world. In doing so, IFAC submitted separate letters (of which this is one) to three of the four G20 Working Groups. In each letter, IFAC provides recommendations in response to the general objectives stated in the G20’s Declaration from the Summit on Financial Markets and the World Economy issued on November 15, 2008.

    IFAC
    English

  • Recommendations for G-20 Working Group 3 – Reforming the IMF

    IFAC believes that the accountancy profession will have an essential role to play in resolving the current crisis and in building a reformed international financial system. Therefore, IFAC would like to support the G20 in its work in facilitating change throughout the world. In doing so, IFAC submitted separate letters (of which this is one) to three of the four G20 Working Groups. In each letter, IFAC provides recommendations in response to the general objectives stated in the G20’s Declaration from the Summit on Financial Markets and the World Economy issued on November 15, 2008.

    IFAC
    English

  • Recommendations for the G-20 Working Group 4 - The World Bank and Other Multilateral Development Banks

    IFAC believes that the accountancy profession will have an essential role to play in resolving the current crisis and in building a reformed international financial system. Therefore, IFAC would like to support the G20 in its work in facilitating change throughout the world. In doing so, IFAC submitted separate letters (of which this is one) to three of the four G20 Working Groups. In each letter, IFAC provides recommendations in response to the general objectives stated in the G20’s Declaration from the Summit on Financial Markets and the World Economy issued on November 15, 2008.
    IFAC
    English

  • Recommendations for the G20 Nations

    Meeting of September 24-25, 2009
    Recommendations from IFAC, on behalf of the global accountancy profession, for consideration by the G20 at its meeting on September 24–25, 2009. These recommendations build on the previous submission that IFAC provided to the G20 in March 2009. IFAC stresses their importance in providing longterm solutions for the financial crisis and in maintaining and promoting integration of the global economy.
    IFAC
    English

  • IFAC Recommendations for the G-20 Nations

    Meeting of June 26-27, 2010
    Recommendations from IFAC, on behalf of the global accountancy profession, for consideration by the G-20 at its meeting on June 26-27, 2010 in Toronto, Canada. These recommendations build on the previous submissions that IFAC provided to the G-20 in March and July of 2009.
    IFAC
    English

  • Competency Building of SMEs in Emerging Milieu

    Giancarlo Attolini
    Chair, IFAC Small and Medium Practices Committee
    Institute of Chartered Accountants of India International Conference
    Chennai, India English

    Presentation by the chair of the IFAC Small and Medium Practices Committee in January 2012 at the Institute of Chartered Accountants in India International Conference. 

    IFAC Perspective

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