2013 AGN I NTERNATIONAL W ORLD C ONGRESS P RESENTED B Y L IAM M C Q UAID V ENICE, I TALY 24 TH S...
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Transcript of 2013 AGN I NTERNATIONAL W ORLD C ONGRESS P RESENTED B Y L IAM M C Q UAID V ENICE, I TALY 24 TH S...
2013 AGN INTERNATIONAL WORLD CONGRESS
PRESENTED BY LIAM MCQUAID
VENICE, ITALY24TH SEPTEMBER 2013
AGN INTERNATIONAL ACCOUNTING & AUDITING COMMITTEE
1
Introducing Liam McQuaid
• Managing Partner – Duignan Carthy O’Neill, Dublin, Ireland
• Director – AGN International & AGN Europe
• Chair – AGN International Accounting & Auditing Committee (IAAC)
• Member of – Financial Reporting Council – Technical Advisory Group
• Member of Accounting Committee – Chartered Accountants Ireland
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AGN INTERNATIONAL ACCOUNTING AND AUDITING COMMITTEE (IAAC)
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AGN International Accounting & Auditing Committee (IAAC)
Background
Achievements
Future Plans
Funding
How IAAC can help you
Conclusion
4
Overview
IAAC Background• Established in September 2011 by AGN International Board
• Mission from AGN International Board:• IFRS standards: Synopsis of new releases• ISA issues: summary of new releases and best practice approach• ISQC implementation support• Source of information to resolve issues in respect of IFRS, ISA and
quality related questions • Creation of training sessions• Liaison with regional structures/Boards on these matters• The final scope to be determined by the committee itself at its
first meeting5
IAAC Background cont.Current Committee Members
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Liam McQuaidChairman
liammcquaid@ dcon.ie
Pers AswaniVice Chairman
persaswani@ hazelmsfenton.com
Marielos de Rueda
mrueda@ pakyasoc.com
Liz Gantnier
lgantnier@ stegman.com
Anton Kalanov
kalanov@ interexpertiza.ru
John Nicklas
jnicklas@ meadenmoore.com
Hendang Tanusdjaja
kapdhy@ yahoo.com
Scott Walters
Liam McQuaid – Chair 2 year term
Pers Aswani – Vice Chair
IAAC - Achievements• 2 face-to-face meetings in Prague, Czech Republic (September 2011)
and in New Orleans, USA (October 2012)
• 7 Teleconference meetings since inception, 2 on Skype
• 6 Newsletters issued (English and Spanish)
• 4 IFRS Experts interviewed and appointed for IFRS Expert Database
• Members advised of IAAC availability to answer IFRS/ISA/Accounting/Audit questions
• Approval of Accounting Articles on AGN website7
IAAC – Achievements cont.…• Global Audit Instructions produced in English and Spanish language
• Forum created for discussions about audit and accounting related matters
• Webinar on IFRS 13 completed
• Webpage on AGN International Website Created
• Presentation on IFRS at Asia Pacific 2013 Regional Meeting
• Presentation on IFRS/IAAC at 2012 & on IAAC at 2013 AGN World Congress
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IAAC: Future Plans & Work Programme• IFRS Share Groups
• AGN IFRS Global Conference – AGN Members and Non Members
• IFRS surveys and client interviews
• Staff exchange
• IFRS for SME’s considerations
• Liaise with AGN International Tax Committee
• XBRL
• AGN Prize
• Social Media
• Marketing IAAC9
IAAC: Future Plans & Work Programme cont. • Continue with 2011 – 2013 Achievements:
• Meetings
• Newsletter
• IFRS Expert Database
• Availability to answer member questions
• Approval of accounting articles on AGN website
• Forum
• Webinars
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IAAC - Funding
• IAAC Budget £Stg 10,000 per annum
• One face-to-face meeting costs £Stg 10,000 in airfares/accommodations
• Committee Members receive no remuneration for time
11
How IAAC can help you
• Present• Available to answer IFRS/ISA/Accounting/Audit inquiries
• Newsletter for distribution
• Database of 4 IFRS Experts to consult – seeking more candidates!
• Global Audit instructions for AGN Audit Engagement
• Forum for Discussions on Audit & Accounting topics
• Webinar for training
12
How IAAC can help you cont.
• In the Future
• IFRS Share Groups
• AGN IFRS Global Conference
• IFRS Surveys and Client Interviews for client distribution
• Staff Exchange
13
IAAC – Conclusion • IAAC is a valuable resource available to AGN members – Please Use It
• Share your views and suggestions
• IAAC Information on AGN International Website at:
http://www.agn.org/eseries/scriptcontent/international/iaaac/default.cfm
“ Learning is the only thing the mind never exhausts, never fears, and never regrets” Leonardo Da Vinci
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Contact DetailsDuignan Carthy O’Neill, Chartered Accountants 84 Northumberland Road, Dublin 4, Ireland
Contact: Liam McQuaid+ 353 1 668 [email protected] Site: www.dcon.ie
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