2013 AGN INTERNATIONAL WORLD CONGRESS

PRESENTED BY LIAM MCQUAID

VENICE, ITALY24TH SEPTEMBER 2013

AGN INTERNATIONAL ACCOUNTING & AUDITING COMMITTEE

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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

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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

swalters@daszkalbolton.com

 

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

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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

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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

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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 2404liammcquaid@dcon.ieWeb Site: www.dcon.ie

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