Diapositiva 1

PER UN PAESE MIGLIORE
21/22/23 OTTOBRE 2010
MOSTRA D’OLTREMARE/NAPOLI
SECONDO CONGRESSO NAZIONALE
DEI DOTTORI COMMERCIALISTI
E DEGLI ESPERTI CONTABILI
FCM and IFAC Small and Medium
Practices Committee: An
Important Relationship
Sylvie Voghel
Chair, IFAC SMP Committee
SECONDO CONGRESSO NAZIONALE DEI DOTTORI COMMERCIALISTI E DEGLI ESPERTI CONTABILI
AGENDA
•Importance of SMEs and SMPs
•IFAC SMP Committee
•IFAC Acknowledged Accountancy Groupings
•FCM and IFAC SMP Committee Partnership
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SECONDO CONGRESSO NAZIONALE DEI DOTTORI COMMERCIALISTI E DEGLI ESPERTI CONTABILI
IMPORTANCE OF SMEs AND SMPs
•Health of SME sector is public interest priority
•SMEs hold key to sustainable economic recovery
•Accountancy profession has key role to play
•SMPs can help SMEs perform and conform
•SMPs confronted with unprecedented challenges
•operational, regulatory, market
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SECONDO CONGRESSO NAZIONALE DEI DOTTORI COMMERCIALISTI E DEGLI ESPERTI CONTABILI
IFAC SMP COMMITTEE
•Helping member bodies to help their SMPs
•Building capacity of SMPs to support SMEs
•Origins in 2000: committee from Jan. 1 2006
•18 members (8 from FCM member bodies)
•Resources
•One technical manager (2 from Dec. 1, 2010)
•0.3 director (from June 1, 2010)
•$900k budget for 2011
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SECONDO CONGRESSO NAZIONALE DEI DOTTORI COMMERCIALISTI E DEGLI ESPERTI CONTABILI
IFAC SMP COMMITTEE
•Central role implementing SMP Review recommendations
•Responsibility for monitoring implementation and reporting to
IFAC Board
•Successful implementation of recommendations depends on
•Collaboration (IFAC, member bodies, regional bodies etc.)
•Shared responsibility
•Increased engagement with SMPs and SMEs
•New Terms of Reference
•New and revised objectives
•Strategy and Work Plan for 2011-2014
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SECONDO CONGRESSO NAZIONALE DEI DOTTORI COMMERCIALISTI E DEGLI ESPERTI CONTABILI
IFAC SMP COMMITTEE
•Strategic Objectives and Services (1)
•Input to IFAC’s policy-making process and participate in its
regulatory dialogue so as to ensure that SMP and SME issues are
fully considered
•European Commission Green Paper on Audit Policy
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SECONDO CONGRESSO NAZIONALE DEI DOTTORI COMMERCIALISTI E DEGLI ESPERTI CONTABILI
IFAC SMP COMMITTEE
•Strategic Objectives and Services (2)
•Help to shape the form and content of international standards so
as to ensure their stability, relevance, and proportionality to SMEs
and SMPs
•Monitor and assist SMP representation
•International Standards on Auditing (IAASB), Code of Ethics
(IESBA), IFRS for SMEs (IASB)....
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SECONDO CONGRESSO NAZIONALE DEI DOTTORI COMMERCIALISTI E DEGLI ESPERTI CONTABILI
IFAC SMP COMMITTEE
•Strategic Objectives and Services (3)
•Provide and promote practical support to SMPs so as to enhance
their ability to provide high quality and relevant professional
services to their clients
•High quality and free to download
Guide to Using ISAs in the Audits of SMEs (2nd ed., Oct. 2010)
Guide to Quality Control for SMPs (2nd ed., July 2010)
Guide to Practice Management for SMPs (1st ed., June 2010)
•Member bodies, firms, and regional bodies may use as is, adapt,
extract from, translate, and reproduce (permission)
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SECONDO CONGRESSO NAZIONALE DEI DOTTORI COMMERCIALISTI E DEGLI ESPERTI CONTABILI
IFAC SMP COMMITTEE
•Strategic Objectives and Services (3 cont.)
•Web-based resources
•International Center for SMPs at www.ifac.org/smp
•IFACnet
•Publications
•News
•Relevant links
•Discussion board
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SECONDO CONGRESSO NAZIONALE DEI DOTTORI COMMERCIALISTI E DEGLI ESPERTI CONTABILI
IFAC SMP COMMITTEE
•Strategic Objectives and Services (4)
•Communicate the importance of the SME sector and the role
SMPs can play in supporting this crucial sector so as to enhance
the visibility, voice and recognition of SMPs
•The Role of SMPs in Providing Business Support to SMEs (April
2010)
•Trusted and competent business advisers
•Help position and equip SMPs
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SECONDO CONGRESSO NAZIONALE DEI DOTTORI COMMERCIALISTI E DEGLI ESPERTI CONTABILI
IFAC ACKNOWLEDGED ACCOUNTANCY GROUPINGS
• AAGs
•Commonality of culture, sector, language, proximity, trade, etc.
•Policy Statement
•Establishes the criteria for acknowledgement
•Specifies mutual obligations once acknowledged
•Introduces an annual assessment / reporting framework
•IFAC Board acknowledged FCM in September 2008
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SECONDO CONGRESSO NAZIONALE DEI DOTTORI COMMERCIALISTI E DEGLI ESPERTI CONTABILI
IFAC ACKNOWLEDGED ACCOUNTANCY GROUPINGS
•Assessment framework is basis for IFAC and AAG reporting on how
mutual obligations are being met
•Submit strategic plan highlighting areas of alignment to IFAC’s
mission
•Describe one or more specific activities in direct support of
IFAC’s strategy and operational plan
•Commitment to bring professional accountancy organizations
(PAOs) that support IFAC’s mission into IFAC membership
•Permit AAG President to attend IFAC Council meetings
•Annual reporting
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SECONDO CONGRESSO NAZIONALE DEI DOTTORI COMMERCIALISTI E DEGLI ESPERTI CONTABILI
FCM AND IFAC SMP COMMITTEE PARTNERSHIP
•FCM is key strategic partner given its focus on SMPs and SMEs
•FCM already represented on committee
•How can FCM help SMP Committee help SMPs/SMEs?
•Engagement of SMPs and SMEs
•Make and encourage nominations to IFAC boards/Committees
•Submit comment letters to IAASB, IESBA etc.
•Promote and provide feedback on our strategy and work
•Support IFAC SMP Forum, Istanbul, March 21-22, 2011
•Help PAOs with SMP/SME focus gain IFAC membership
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SECONDO CONGRESSO NAZIONALE DEI DOTTORI COMMERCIALISTI E DEGLI ESPERTI CONTABILI
CONCLUSION
•THANK YOU!
•www.ifac.org/smp
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