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Повик за пријавување на испити за полагање на испитот за стекнување на звање ревизор

Покана за пријава на учество на предавања за Континуирано професионално усовршување (КПУ) што ќе се одржат на 14, 15 и 16 јуни 2017 година

Покана за пријавување на едукатори за спроведување на испитот за стекнување звање ревизор (Обновено)

Известување/Препорака до друштвата за ревизија и овластените ревизори – трговци поединци во врска со ревизорските стандарди кои што се во примена при спроведување на законските ревизии

Повик за пријавување интерес за одржување предавања за Континуирано професионално усовршување во 2017 година



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January 2013
News from Member Bodies, Affiliates and Regional Accounting Organizations
News from Government, Regulatory Bodies, and Other International Organizations
Recent Development Related to the Financial Crisis and Economy Recovery
News from Member Bodies, Affiliates and Regional Accounting Organizations
1. MIA Conference Debates the Changing Profession

Our Institute beyond Tomorrow—A Road Map for a Changing Profession was recently held by the Malaysian Institute of Accountants (MIA). At the biennial conference, participants discussed the MIA’s objectives, governance, and value proposition for members, as well as changes the profession faces due to regulatory shifts. The conference included approximately 35 local and international speakers and panelists and sought views from members, business leaders, regulators, and leaders of the profession.
Source: Times of Malta
2. ICAS Investigates Joint Audits

The Research Council of the Institute of Chartered Accountants of Scotland (ICAS) has published a report on joint audits. What do we know about Joint Audit? seeks to “identify, consider, and evaluate existing evidence about the implementation of joint audits,” focusing on joint audit efficiency, including the impact of joint audit on audit quality.
Source: Institute of Chartered Accountants of Scotland
3. Sri Lankan President Addresses CA Sri Lanka Opening

During the recent opening of a new building for the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka), the president of Sri Lanka, Mahinda Rajapaksa, spoke regarding the role all professionals, including those in accountancy, play in driving further development in Sri Lanka, so the country can “stand shoulder to shoulder with other key developed nations.” He also applauded CA Sri Lanka for the extensive new training facilities, including an IT training unit and specialized English learning center for its students, as they will help prepare them to enter the profession. The Minister of Co-operatives and Internal Trade, as well as the president of CA Sri Lanka, Sujeewa Rajapakse, also spoke to the gathered CA Sri Lanka members, business leaders, public officials, diplomats, members of parliament, and government ministers.
Source: Institute of Chartered Accountants of Sri Lanka
4. ICAEW Reviews the Future of IFRS

In a new report from the Institute of Chartered Accountants in England and Wales (ICAEW), the future of International Financial Reporting Standards (IFRS) is discussed. The report, The Future of IFRS: Information for Better Markets Initiative, discusses where IFRS adoption currently stands, including the nations and regions where IFRS implementation and convergence have stalled, and what this means, both for the future of IFRS and the concept of a “universal financial language.”
Source: Institute of Chartered Accountants in England and Wales
5. New Report Seeks to Promote Sustainability Assurance by Accountants

A Guide for Assurance on SME Sustainability Reports has been published by CPA Australia, in coordination with the Prince of Wales’ Accounting for Sustainability Project, to address the increasing numbers of small- and medium-sized entities (SMEs) producing sustainability reports. The report promotes and enhances the ability of accountants to provide assurance for sustainability reports.
Source: CPA Australia
6. Priorities for Finance Leaders Identified in ACCA Report

Cost reduction, financial control, and forecasting are the top three priorities for finance leaders in 2013, according to a new survey by the Association of Chartered Certified Accountants (ACCA). Finance Leaders Survey Report identifies and examines six key issues: current priorities; the effectiveness of the finance function; finance function challenges; the importance of different skills; identification of key stakeholders; and how finance leaders allocate their time.
Source: Association of Chartered Certified Accountants
7. FACPCE Hosts Discussion of IASB Conceptual Framework

Federación Argentina de Consejos Profesionales de Ciencias Económicas (Federation of Professional Councils in Economic Sciences, or FACPCE) recently held a meeting to seek agreement on some aspects of the Conceptual Framework for Financial Reporting from the International Accounting Standards Board (IASB). The final conclusions of the meeting will be submitted to Grupo Latinoamericano de Emisores de Normas de Información Financiera (Group of Latin American Accounting Standards Setters, or GLENIF).
Source: Federación Argentina de Consejos Profesionales de Ciencias Económicas
8. HKICPA: Dominant Business Issues for 2013

Members of the Hong Kong Institute of Certified Public Accountants (HKICPA) and other professionals recently shared their views on the significant issues that dominate accounting, business, and the economy in 2013 with A+ magazine. Opinions include Mexico’s rise as the “destination of choice” for manufacturing investment and an increase in deals and overall value in the private equity market in China.

The January issue of A+ also includes a look at professional accountants who chose to become entrepreneurs instead of working in a practice or in business. “Taking the Lead” discusses how these professional accountants identified opportunities and needs and set up their businesses, as well as how they handle competitive environments.
9. Recent Member Body Appointments and Elections

  • Mr. Md. Abdus Salam, FCA, President, Institute of Chartered Accountants of Bangladesh
  • Mr. Muhammad Farooq, FCA, Vice President, Institute of Chartered Accountants of Bangladesh
  • Mr. Gopal Chandra Ghosh, FCA, Vice President, Institute of Chartered Accountants of Bangladesh
  • Mr. Showkat Hossain, FCA, Vice President, Institute of Chartered Accountants of Bangladesh
10. Joint Initiatives Launched Among Professional Accountancy Organizations

  • CGMA, a joint initiative of the American Institute of Certified Public Accountants and the Chartered Institute of Management Accountants, has released a new tool on developing non-financial key performance indicators (KPIs). The tool “provides guidance for identifying and designing” KPIs by guiding users through a process of determining which value drivers to measure; formulating key performance questions to ensure useful and meaningful KPIs; and selecting the right measurement instrument.
News from Government, Regulatory Bodies, and Other International Organizations
1. Mandatory Non-Financial Reporting to be Proposed by EC

According to recent reports, the European Commission (EC) is going to propose mandatory non-financial reporting within the European Union (EU). The new legislation, if passed, would require environmental, social, and employee information, including human rights, anti-corruption, and bribery issues, in companies’ annual reports and would apply to large companies across the EU as well as EU-listed companies registered elsewhere. The draft legislation allows companies to decide which “high-quality, internationally accepted framework” to use to report non-financial information, but recommends those from the Organisation for Economic Co-Operation and Development, UN Global Compact, International Organization for Standardization, and Global Reporting Initiative.

The EC has also announced plans to review International Financial Reporting Standards (IFRS) after receiving complaints that the accounting rules are harmful to shareholders and “dangerously flawed.”
Sources: The Accountant Online and The Telegraph (tiered-subscription model)
2. Prince Charles Calls on the Profession to “Future-Proof” Economy

His Royal Highness Prince Charles has issued a challenge to the accountancy profession to help “future proof” the global economy. During the annual Prince of Wales’s Accounting for Sustainability Project Forum in London, the Prince said the finance and accounting professions are in the “perfect position to innovate in order to gather better and more comprehensive information about the way organisations operate so that you can use this to help ‘future-proof’ our economy. This will, in turn, result in improved risk management for organisations and society as a whole."
Source: The Accountant Online
3. COSO Seeking a New Board Chair

The Committee of Sponsoring Organizations of the Treadway Commission (COSO) is seeking a new chair for a three-year term, which would begin June 1, 2013. The current chair, Dave Landsittel, is stepping down after serving for four years.
Sources: Journal of Accountancy and Financial Executives International
4. IASB Sets Five Future Priorities

The International Accounting Standards Board (IASB) has released its planned future priorities following a public consultation period. The priorities include targeted improvements addressing the needs of those adopting International Financial Reporting Standards; implementation and maintenance of standards; improvements in how new standards are developed, including a more rigorous cost-benefit analysis and problem definition; continued progress on the Conceptual Framework; and maintaining? a “period of relative calm” following years of continuous changes to financial reporting.
Source: Accounting Today
5. New Audit Rules from Swiss Market Authority

The Swiss Financial Markets Supervisory Authority (FINMA) has issued a circular on auditing and audit firms that includes new rules for transnational provisions, risk analysis, auditing standards, separating financial audits from regulatory audits, and the role of internal audits. The new rules came into effect on January 1, 2013 for auditors of FINMA-regulated entities, which are primarily banks and insurance companies.
Source: Financial Markets Supervisory Authority
6. FRC Project Aims to Determine Most Effective Reporting Approaches

The UK Financial Reporting Council (FRC)’s Financial Reporting Lab is looking for listed companies, investors, and analysts to participate in a project to determine what are considered to be the most effective approaches to business reporting. “The aim of the Lab’s project is to provide insight from the reporting and investment communities on effective approaches to reporting, including both the content and style of presenting information. The project will provide companies with an opportunity to better understand what it is that the investment community wants to see reported by audit committees.”
Source: Financial Reporting Council
Recent Development Related to the Financial Crisis and Economy Recovery
1. Spanish Banks Set to Begin Loan Repayment

Spanish banks are reportedly set to begin repaying loans from the European Central Bank (ECB) soon, according to reports from Reuters. The ECB lent banks in Spain approximately 260 billion euros, and 1 trillion euros to European banks overall, to avert bank liquidity crises in December 2011 and February 2012. According to the Long Term Refinancing Operations plan, banks can begin repaying the funds beginning January 30, 2013.
Sources: Reuters via The New York Times (tiered-subscription model)
2. IMF Economists Admit to Austerity Impact “Errors”

Economists at the International Monetary Fund (IMF) have admitted making “errors” regarding the impact of austerity measures on European economies in a new working paper. The paper looks at the relationship between recommended fiscal consolidation and forecasted growth during the financial crises, admitting that, in advanced economies, there has been “lower growth than expected.” The paper also includes a disclaimer that it does not represent the views of the IMF.

The IMF also recently advocated for the European Union to create a banking union to address the sovereign debt and financial crises, saying, “The [financial] crisis reveals that handling financial system problems at the national level has been costly, calling for a Europe-wide approach.”
Sources: and International Monetary Fund
      Институт за Овластени Ревизори, Јануари 2007. Сите права се задржани.
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