The International Public Sector Accounting Standards Board (IPSASB) has published The Applicability of IPSASs and a revised Preface to International Public Sector Accounting Standards (Preface), which change how the IPSASB communicates the type of public sector entities that it considers when developing an IPSAS or Recommended Practice Guideline (RPG).

Until now, IPSASs and RPGs have included a definition of a Government Business Enterprise (GBE) and a statement that GBEs apply International Financial Reporting Standards. The definition of a GBE has proved ambiguous in places and difficult for preparers to interpret.

The main amendments:

• Provide the characteristics of public sector entities for which IPSAS are designed in the revised Preface;
• Replace the term “GBEs” with the term “commercial public sector entities;”
• Delete the definition of a GBE in IPSAS 1, Presentation of Financial Statements; and
• Amend the scope section of each IPSAS and RPG by removing the paragraph that states that these pronouncements do not apply to GBEs.

These amendments address constituents’ concerns about the application of IPSASs to public sector entities and different interpretations of the GBE definition. 

“This principles-based approach communicates more transparently the types of public sector entities that the IPSASB considers when developing IPSASs and RPGs,” said IPSASB Chair Ian Carruthers. “As this approach is drawn from The Conceptual Framework for General Purpose Financial Reporting by Public Sector Entities it enhances the consistency and understandability of the IPSASB’s literature.”

“These changes also acknowledge the role that regulators have in determining which accounting standards should be applied by different entities in their jurisdictions,” Mr. Carruthers added.

To support constituents’ understanding of these amendments, a marked-up and a clean version of the Preface have been made available on the IPSASB website. The IPSASB encourages IFAC member organizations, associates, and regional accountancy organizations to promote the availability of these documents to their members and employees.

About the IPSASB
The IPSASB develops accounting standards and guidance for use by public sector entities. It receives support (both direct financial and in-kind) from the Government Accounting Standards Board, the Asian Development Bank, the Chartered Professional Accountants of Canada, the South African Accounting Standards Board, the New Zealand External Reporting Board, and the governments of Canada, New Zealand, and Switzerland.

About the Public Interest Committee
The governance and standard-setting activities of the IPSASB are overseen by the Public Interest Committee (PIC), to ensure that they follow due process and reflect the public interest. The PIC is comprised of individuals with expertise in public sector or financial reporting, and professional engagement in organizations that have an interest in promoting high-quality and internationally comparable financial information.

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. It is comprised of more than 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.

The ‘International Public Sector Accounting Standards Board,’ ‘International Public Sector Accounting Standards,’ ‘Recommended Practice Guidelines,’ ‘International Federation of Accountants,’ ‘IPSASB,’ ‘IPSAS,’ ‘RPG,’ ‘IFAC,’ the IPSASB logo, and IFAC logo are trademarks of IFAC, or registered trademarks and service marks of IFAC in the US and other countries. 

The International Auditing and Assurance Standards Board (IAASB) today released its 2014/2015 Biennial Report, Championing Change in the Public Interest. The report highlights key outputs from the board in the past two years, including the Framework for Audit Quality and the new and revised Auditor Reporting standards.

Commentary from IAASB Chairman Prof. Arnold Schilder, IAASB Technical Director Kathleen Healy, and IAASB Consultative Advisory Group Chair Matthew M. Waldron explains how the IAASB is responding to the ever-evolving environment in which audits and other assurance services are conducted.

“As the independent global auditing and assurance standard setter, we have accomplished much in the last two years, delivering against stakeholders’ expectations while adhering to a rigorous due process,” highlighted Prof. Schilder. “Our efforts outlined in our Strategy for 2015 – 2019 are well underway. We continue to forge ahead—intensely focused on outreach and collaboration to understand in particular where our international standards can and should be revisited in order to enhance audit quality.”  

“This report represents our initial attempt to demonstrate integrated thinking in how the board conducts itself and uses its limited resources to best serve the public interest, in light of our focus on innovation in reporting,” noted Ms. Healy. “At the same time, we hope this report will better acquaint investors and audit committees with our mission and efforts, stimulating further interest in our current agenda and opportunities for increased interactions with our stakeholders.” 

The report also outlines the status of the board’s key priorities and provides links to where further information is available on the IAASB’s website.

One of the current priorities is the IAASB’s Invitation to Comment, Enhancing Audit Quality in the Public Interest, which addresses the topics of professional skepticism, quality control, and group audits. The deadline for comments is May 16, 2016.

Additionally, the IAASB is investing substantial efforts in a project to revise the International Standard on Auditing addressing accounting estimates, including fair values.

About the International Auditing and Assurance Standards Board (IAASB) 
The IAASB develops auditing and assurance standards and guidance for use by all professional accountants under a shared standard-setting process involving the Public Interest Oversight Board, which oversees the activities of the IAASB and the IAASB Consultative Advisory Group, which provides public interest input into the development of the standards and guidance. The structures and processes that support the operations of the IAASB are facilitated by the International Federation of Accountants (IFAC).

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. It is comprised of more than 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.

Leaders from the public sector and professional accountancy organizations from throughout the Caribbean are meeting in Nassau to revitalize efforts to improve public sector financial management and support the region’s economic growth.

Opening the three-day strategic dialogue, The Bahamas Minister of State for Finance, The Hon. Michael Halkitis, MP, said: “Public sector spending comprises a significant proportion of Caribbean gross domestic product. Given the sums involved, it’s vital that we get our houses in order. Our regional economy depends on us making wise spending decisions based on accurate information. Enhanced public financial budgeting, accounting, and reporting, based on accrual accounting, will enable us to shine a light in every corner of our finances, and help bring sustainability to government expenditure, and the communities we serve.”

Sponsored by The Bahamas Government and donor partner CPA Canada, and hosted by the Institute of Chartered Accountants of the Caribbean (ICAC), the International Federation of Accountants^® (IFAC^®), and the World Bank, the groundbreaking gathering was convened to bring closer inter-governmental collaboration, and strengthen relationships between public sector leaders and the accounting profession.

ICAC President Jasmine Davis, welcoming delegates, commented: “The accountancy profession possesses strong skills to help our peers working in government build confidence in public sector finances. We wholeheartedly support their efforts to better integrate our region with the global economy—a task that can only achieve its full potential when capital markets, investors and our own citizens know that our government finances are based on solid foundations.” 

IFAC Chief Operating Officer Alta Prinsloo, said: “The last global financial crisis highlighted the inherent weaknesses of heavily indebted governments around the world, including in the Caribbean. Managing and forecasting public revenues and expenditure, and controlling fiscal imbalances, can only be achieved via robust accounting practices. Via our Accountability. Now. campaign, we are delighted to support this exciting event that will stimulate intensive communication, consultation, and collaboration across the Caribbean governments, the accounting profession, and international partners including the World Bank.”

Samia Msadek, Director of the World Bank Group’s Governance Global Practice emphasized that strong public financial management is critical to national success and prosperity. “How governments manage taxation, borrowing, and spending is essential to economic growth, to poverty-reduction, and to ensuring that the Caribbean’s residents can improve their lives through inclusion and shared prosperity,” she said. 

The three day invitation-only roundtable discussions will cover regional economic, social, and business imperatives; public financial reporting reforms (regional and international perspectives); engaging stakeholders; challenges of the accountancy profession in the Caribbean and capacity-building strategies; and technical training on latest developments in International Public Sector Accounting Standards.

About ICAC
Since its establishment in 1988, the Institute of Chartered Accountants of the Caribbean has provided a forum for the advancement of the accountancy profession in the Caribbean. Today, with a network of approximately 3,700 professionals, the ICAC is the leading regional organization dedicated to advancing the interest of accountants and professionals in the finance industry within the Caribbean through the promotion of internationally acceptable standards and best practices, thought leadership, research and continuing professional development. In 2006, the ICAC was recognized as an “Acknowledged Regional Grouping” of IFAC. www.icac.org.jm

About the World Bank Group
The World Bank Group is a development finance institution that provides financial and technical assistance to developing countries around the world. Its mission centers around two main goals: Ending extreme poverty by 2030 by decreasing the percentage of people living on less than $1.90 a day to no more than 3 percent, and promoting shared prosperity by fostering the income growth of the bottom 40 percent for every country. The World Bank Group is headquartered in Washington, DC, and has more than 10,000 employees in more than 120 offices worldwide. www.worldbank.org

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. It is comprised of more than 175 members and associates in 130 countries and jurisdictions, representing almost 3 million accountants in public practice, education, government service, industry, and commerce. Accountability. Now. is an IFAC initiative to help drive awareness of the critical need for high-quality, transparent, comparable public sector financial reporting, and the importance of engaging citizens in the process of holding governments to account. 

The US Public Company Accounting Oversight Board (PCAOB) recently announced a number of new members joining its Investor Advisory Group (IAG) for terms through 2018, including the immediate past chair of the IAASB Consultative Advisory Group (CAG), Linda de Beer.

The IAG is a forum for the investor community to provide views and advice on matters affecting investors and the work of the PCAOB.

Ms. de Beer was IAASB CAG Chair from 2010 to 2015 and currently serves as a non-executive director on the board of three companies listed on the Johannesburg Stock Exchange. She chairs the audit committees of all three companies, serves as Deputy Chair on one board, and as a member of the remuneration committee and the nomination committee of another board.

Prior to serving as Chair of the CAG, she represented the World Federation of Exchanges (WFE) on the group and still represents the WFE on the International Ethics Standards Board for Accountants’ CAG.  

“We congratulate Linda on this prestigious appointment,” said current IAASB CAG Chair Matt Waldron. “We view it as a positive step that the PCAOB recognizes her contributions to international standard setting, as interaction between the IAASB and PCAOB on relevant auditing and assurance issues is in the public interest."  

Kristian Koktvedgaard has been re-appointed Chair of the Consultative Advisory Group (CAG) to the International Ethics Standards Board for Accountants^® (IESBA^®, the Ethics Board), the independent standard-setting body that develops the globally applicable Code of Ethics for Professional Accountants, now adopted or in use in 100+ jurisdictions around the world.

Mr. Koktvedgaard has served as IESBA CAG Chair since 2013 and was re-elected for a three-year term effective July 1, 2016 by the IESBA CAG membership. The re-appointment has been approved by the Public Interest Oversight Board (PIOB), which oversees the activities of the Ethics Board and of the CAG.

The IESBA CAG is an integral part of the IESBA’s standard-setting process and plays an important role in helping the board fulfill its public interest remit. An independent body currently consisting of  23 member and 3 observer organizations—including regulators, international investor and preparer groups, and other stakeholders with an interest in international ethical standards for professional accountants—the CAG provides advice on technical and public interest matters during the development of the Ethics Board’s standards and strategy and work plan.

Kristian Koktvedgaard stated, “It’s been very gratifying to lead such a diverse group, championing their shared interests in the development and maintenance of high-quality ethical standards for the global accountancy profession. We’ve seen, in some cases, a patchwork of regulation develop across jurisdictions in the aftermath of the global financial crisis. This is why it’s even more imperative for the IESBA to play a leadership role in the harmonization of standards in the areas of ethics and independence globally, while taking into account the diverse viewpoints from its various stakeholders. It’s an honor to be re-elected by my colleagues to lead the IESBA CAG, and I look forward to continuing the serve the public interest in this capacity.”

Mr. Koktvedgaard is Head of VAT, accounting, and auditing with the Confederation of Danish Industry. He represents BUSINESSEUROPE, a European growth and competitiveness advocacy group, on the IESBA CAG and the CAG of the International Auditing and Assurance Standards Board. He is a member of the Danish Accounting Council and the Danish disciplinary tribunal for State Authorized and Certified Public Accountants. He is also actively involved in the Danish Accounting Forum, a body that brings together Danish stakeholders to discuss accounting issues. In addition, he is a member of the BUSINESSEUROPE Accounting Sounding Board and serves as Chair of its VAT Policy Group. Previously, Mr. Koktvedgaard served on the Danish Supervisory Authority on Auditing.

As Chair, Mr. Koktvedgaard provides leadership to the IESBA CAG and plays a key role in ensuring that its views are heard and considered in the IESBA’s deliberations.

Commenting on the re-appointment, IESBA Chair Dr. Stavros Thomadakis said, “In his first three years as Chair, Kristian has demonstrated leadership, expertise, and tireless commitment to his role. The CAG has worked very effectively under his leadership and has provided valuable public interest input to the development of the Ethics Code. I appreciate and value Kristian’s dedication and contributions, and I look forward to continuing our constructive working relationship.”

About the IESBA
The International Ethics Standards Board for Accountants (IESBA) is an independent standard-setting board that develops and issues, in the public interest, high-quality ethical standards and other pronouncements for professional accountants worldwide. Through its activities, the IESBA develops the Code of Ethics for Professional Accountants, which establishes ethical requirements for professional accountants. The structures and processes that support the operations of the IESBA are facilitated by IFAC. Please visit www.ethicsboard.org for more information.

About IFAC
The International Federation of Accountants^® (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 more than 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.

About the PIOB
Established in 2005 as the oversight board for the global accountancy profession, the PIOB oversees the International Ethics Standards Board for Accountants^®, the International Auditing and Assurance Standards Board^®, the International Accounting Education Standards Board™, and their CAGs, as well as IFAC’s Compliance Advisory Panel, with the objective of increasing the confidence of investors and others that their activities are properly responsive to the public interest. PIOB members are nominated by international institutions and regulatory bodies.

The International Auditing and Assurance Standards Board (IAASB) has released ISA 810 (Revised), Engagements to Report on Summary Financial Statements, which deals with the auditor’s responsibilities relating to an engagement to report on summary financial statements derived from financial statements audited in accordance with International Standards on Auditing (ISAs) by that same auditor.

The limited amendments to ISA 810 (Revised) leverage the additional transparency in the auditor’s report on the audited financial statements resulting from the IAASB’s new and revised Auditor Reporting standards issued in January 2015, in particular ISA 700 (Revised), Forming an Opinion and Reporting on Financial Statements, and new ISA 701, Communicating Key Audit Matters in the Independent Auditor’s Report.

“The issuance of ISA 810 (Revised) represents the culmination of the IAASB’s work on auditor reporting that began in 2006. Feedback from our stakeholders has helped us finalize our proposals to meet the public interest calls from investors and others to enhance auditor reporting,” noted IAASB Chairman Prof. Arnold Schilder. “We already see positive momentum growing around the world to implement these standards.”

ISA 810 (Revised) will become effective at the same time as the auditor reporting standards addressing general purpose financial statements—for engagements to report on summary financial statements for periods ending on or after December 15, 2016.

“Through our Auditor Reporting Implementation Working Group, the IAASB and its staff remain committed to promoting awareness of our new and revised auditor reporting standards and facilitating their effective implementation,” explained IAASB Technical Director Kathleen Healy. “For example, the IAASB has recently published an article on our dedicated auditor reporting page that explores common questions asked by audit committee members and finance executives about the new and enhanced auditor’s reports.”

For more information, visit www.iaasb.org/auditor-reporting.

About the International Auditing and Assurance Standards Board (IAASB)
The IAASB develops auditing and assurance standards and guidance for use by all professional accountants under a shared standard-setting process involving the Public Interest Oversight Board, which oversees the activities of the IAASB and the IAASB Consultative Advisory Group, which provides public interest input into the development of the standards and guidance. The structures and processes that support the operations of the IAASB are facilitated by the International Federation of Accountants (IFAC).

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. It is comprised of more than 175 members and associates in 130 countries and jurisdictions, representing almost 3 million accountants in public practice, education, government service, industry, and commerce.

At today’s OECD Anti-Bribery Ministerial Meeting, International Federation of Accountants President Olivia F. Kirtley, CPA, CGMA, highlighted an increasingly complex and interconnected world that requires strong collaboration and commitment from the private, public and regulatory communities to fight bribery and corruption.

Addressing justice ministers and representatives of more than 40 countries at this morning’s open session on Fighting Foreign Bribery in an Increasingly Complex World: Towards a New Era of Enforcement, Ms. Kirtley said:

“For decades, the global accountancy profession—including auditors, and professional accountants in business and government—have supported the fight against bribery. Transparency, accountability, and serving the public interest motivate our ongoing support for global reporting standards and ethical behavior. These standards underpin the profession’s role in detection of fraud, corruption and bribery—and strengthen organizations to assist in prevention.”

Ms. Kirtley called for re-energized collaboration and commitment to fighting foreign bribery and a commitment to addressing both the demand and supply side of fraud and corruption across all sectors.

“Transparent, consistent and robust anti-bribery and corruption measures must apply equally across both public and private sectors. Given the vast sums channeled through governments, effective public sector financial management is vital to a global solution. Citizens need both sectors to provide transparent disclosures, and implement effective internal controls that are critical to good governance, and to holding officials accountable,” she said.

Separately, Ms. Kirtley participated as a panelist alongside the New Zealand Justice Minister, Ms. Amy Adams, the Director of the UK Serious Fraud Office, Mr. David Green, CB, QC, and Ms. Elena Panfilova, Vice Chair of Transparency International. Moderated by the Slovenian Justice Minister, Mr. Goran Klemencic, the panel discussed New Frontiers in Detection: Empowering Whistleblowers and Facilitating Voluntary Disclosure.

Ms. Kirtley highlighted the urgent need for greater international collaboration on whistle-blower protection laws.

“Realizing the full potential of the profession’s ethical and public interest foundations—such as having accountants go above and beyond their expected duty to consider situations where whistle-blowing might be appropriate—depends on consistent, comprehensive protections and robust corporate governance,” she said.

“Bringing an end to the notion that ‘silence is always safer’ requires greater focus on strong governance and compliance structures, environments that are encouraging for self-reporting, and protections that apply to everyone working with any organization or for any profession.  We must all seek to empower individuals to do the right thing.”

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. It is comprised of more than 175 members and associates in 130 countries and jurisdictions, representing almost 3 million accountants in public practice, education, government service, industry, and commerce.

IFAC hosted a Statements of Membership Obligations (SMOs) workshop in San Jose, Costa Rica, February 13 in cooperation with the Colegio de Contadores Públicos de Costa. More than 30 representatives from 17 professional accountancy organizations (PAOs) in Central and South America and the Caribbean attended to discuss regional issues affecting the profession.

The workshop focused on the progress in fulfillment of the SMOs in the region and provided a key opportunity for PAOs to share experiences, both successes and challenges, and identify opportunities for regional collaboration.

Common challenges in the region identified by PAOs include: fragmented and outdated legal framework; lack of technical and financial resources; changes in PAO governance and a lack of strategic planning; and the effective implementation of quality assurance systems.

To support establishing sound quality assurance systems, one of the key challenges identified during the workshop, IFAC will host a webinar during the second quarter of 2016, specifically targeting Latin America and Caribbean. If you are interested in being notified as details become available, please email compliance@ifac.org.

Workshop presentation are available online; please note, some presentations are in English and some are in Spanish.

La calidad de auditoría es un tema central del trabajo del Consejo de Normas Internacionales de Auditoría y Aseguramiento^® (IAASB^®) como emisor global de estándares de auditoría. Por lo tanto, el IAASB publicó su Invitación a comentarios, mejorar la calidad de auditoría en el interés público: un enfoque sobre el escepticismo profesional, el control de calidad y las auditorías de grupo. Esta invitación a comentarios resalta las conversaciones del Consejo sobre estas tres áreas temáticas e indica posibles actividades de emisión de estándares que podrían mejorar la calidad de auditoría.

"Nos esforzamos por generar un gran impacto en la calidad de auditoría —en particular considerando que el entorno en el que se realizan las auditorías está evolucionando y adquiriendo una mayor complejidad—", manifestó el Profesor Arnold Schilder, Presidente del IAASB. “Consideramos que el uso global de los Estándares Internacionales de Auditoría™ es una parte fundamental de este objetivo. Adicionalmente, reconocemos la importancia de continuar fortaleciendo los estándares y de responder ante las constantes inquietudes sobre la calidad de auditoría. Es fundamental que los estándares refuercen la necesidad por parte de los auditores de continuar su labor como retadores críticos, dentro de un sistema de gestión de calidad rigurosa".

El IAASB publicó un documento complementario, Información general de la Invitación a Comentarios, el cual resume las áreas clave de exploración del IAASB y el rumbo que este podría tomar.

"Las respuestas a esta consulta orientarán el trabajo del Consejo para los próximos años, por lo que es imperativo que escuchemos las opiniones de todos los grupos de interés sobre cuál debería ser nuestro enfoque", explicó Kathleen Healy, Directora Técnica del IAASB. "El documento de información general, en particular, se diseñó para solicitar retroalimentación y aumentar la colaboración con inversores, comités de auditoría y preparadores. Es posible que otras partes interesadas encuentren el documento de información general útil como material de discusión y divulgación en el momento de preparar sus comentarios".

El Marco para la calidad de auditoría del IAASB, publicado en 2014, explica el importante rol que desempeñan los auditores y sus firmas —al igual que otros grupos de interés— en la calidad de auditoría, así como los factores contextuales que tienen un impacto en él. Se trata de un documento de referencia importante para esta consulta.

Cómo comentar
El IAASB invita a todas las partes interesadas a comentar sobre la Invitación a Comentarios o el documento de información general, los cuales incluirán preguntas específicas para los encuestados. Para tener acceso a la Invitación a Comentarios y al documento de información general y para enviar comentarios, favor visitar el sitio web del IAASB en www.iaasb.org.

Los comentarios para ambas publicaciones deben ser entregados antes de mayo 16, 2016.

El IAASB espera complementar estas consultas públicas con eventos de participación en 2016. En las próximas semanas se divulgarán otras herramientas y publicaciones en el sitio web del IAASB para ayudar a las partes interesadas a comprender la relevancia de la invitación y el documento de información general y para facilitar sus respuestas. Para recibir notificaciones sobre estos eventos y herramientas, favor suscribirse al eNews del IAASB.

Acerca del Consejo de Normas Internacionales de Auditoría y Aseguramiento (IAASB)
ElIAASB desarrolla normas y guías de auditoría y aseguramiento para uso de todos los contadores profesionales, bajo un proceso compartido de emisión de normas que involucra al Consejo de Supervisión del Interés Público (PIOB), el cual supervisa las actividades del IAASB, y al Grupo Consultivo Asesor del IAASB, el cual genera aportes de interés público para el desarrollo de normas y guías. Las estructuras y los procesos que soportan las operaciones del IAASB son facilitados por IFAC.

Acerca de IFAC^®
IFAC es la organización global para la profesión contable, dedicada a servir el interés público a través del fortalecimiento de la profesión y la contribución para el desarrollo de economías internacionales sólidas. La IFAC se compone de 175 miembros y asociados en 130 países y territorios, representando aproximadamente a 2,8 millones de contadores en la práctica pública, la educación, el gobierno, la industria y el comercio.

El entorno regulatorio global —el cual se encuentra en evolución— y su rol en la mejora del crecimiento, la inversión y la estabilidad son los temas de la publicación de un nuevo Documento de Discusión de la Federación Internacional de Contadores^® (IFAC^®), De la crisis a la confianza: el rol de la buena regulación.

Publicado antes de la mesa redonda que se realizaría en Hong Kong en diciembre 8 de 2015, el documento se centra en la importancia de una "buena regulación” globalmente consistente para aumentar la confianza en la economía global. Este examina el impacto, los beneficios y los costos del actual panorama regulatorio, y compara los principios de buena regulación reconocidos a nivel internacional.

"La buena regulación es esencial para la equidad, la eficiencia y la efectividad de las economías. Lograr el funcionamiento de las regulaciones en el interés público es una misión de nunca acabar", comentó Fayezul Choudhury, Director Ejecutivo de la IFAC. "Nuestro Documento de Discusión facilitará un diálogo en torno a cómo han avanzado las respuestas regulatorias a las crisis financieras, dónde se evidencian estos asuntos y cuáles son las lecciones aprendidas”.

La mesa redonda en Hong Kong reunirá a representantes de alto rango de las comunidades regulatorias, gubernamentales, profesionales, inversoras, empresariales y académicas.

"Bajo la constante presión que implica la toma de decisión durante una crisis, tal reflexión no siempre es posible”, manifestó el señor Choudhury. "Ahora, el análisis es esencial. Es fundamental fortalecer la capacidad del sistema financiero global para responder y colaborar —en especial antes de una próxima conmoción que desafíe a la economía global—".

La IFAC está en busca de comentarios escritos por parte de la comunidad de investigación sobre asuntos regulatorios clave, incluyendo los siguientes: ¿qué se ha logrado? ¿qué está funcionando bien? ¿qué problemas están surgiendo? ¿cuáles son los principales costos e impactos? ¿qué es una buena regulación? Para mayor información favor contactar a Amir Ghandar, Asesor Sénior de Políticas, Regulación y Política Pública.

Acerca de la IFAC
La IFAC es la organización global para la profesión contable, dedicada a servir el interés público a través del fortalecimiento de la profesión y contribuir en el desarrollo de economías internacionales sólidas. La IFAC se compone de 175 miembros y asociados en 130 países y territorios, representando aproximadamente a 2,8 millones de contadores en la práctica pública, la educación, el gobierno, la industria y el comercio.