Agenda 5-2 IES 7 Survey Analysis - IFAC...2016/04/11 · Agenda 5-2 IES 7 Survey Analysis IES 7...
Transcript of Agenda 5-2 IES 7 Survey Analysis - IFAC...2016/04/11 · Agenda 5-2 IES 7 Survey Analysis IES 7...
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Agenda 5-2
IES 7 Survey Analysis
IES 7 Task Force
Prepared by: IAESB staff
April 2016
Agenda 4-2
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47 Total
IFAC MEMBER BODY RESPONSE ANALYSIS
Total Number of IFAC Member Bodies: 144† A
Total Number of IFAC Member Body Survey Responses: 46 B
Total Number of IFAC Member Bodies to Respond: 43 C
Total Member Body Representation in Response: 30% =C/A
Total Number of Public Responses (non IFAC member
body)
1 D
Total Number of Survey Responses Analyzed 47 E=B+D
ADVANCED v DEVELOPING NATION RESPONSE ANALYSIS
IFAC Member Bodies in Advanced Economies 50 F
Total % in Advanced Economies 35% =F/A
Advanced Economy Responses 19 G
Total % of Response from Advanced Economies 40% =G/E
IFAC Member Bodies in Developing Economies 94 H
Total % in Developing Economies 65% =H/A
Developing Economy Responses 28 I
Total % of Response from Developing Economies 60% =I/E
PUBLIC INTEREST SUMMARY:
• 30% of IFAC’s 144† Member Bodies responded to the IES 7 Survey as of March
24, 2016
• 47 submissions were ultimately included in the IES 7 TF analysis of survey
responses:
• Nigeria, Uganda, and Singapore submitted duplicate responses from the
same member body organization
• Both responses were analyzed because it was not clear if different
individuals responded on behalf of the same organization
• Submissions came from different I.P. addresses or on different
dates and responses were unique
• One non-IFAC member body (i.e., public response) was included in the
47 analyzed responses
• 50 of IFAC’s 144† member bodies are in advanced nations (35%) with 19
survey responses (40%) coming from those advanced nations
• 94 of IFAC’s 144† member bodies are in developing nations (65%) with 28
(60%) coming from those developing nations
PUBLIC INTETEST CONCLUSIONS:
• 47 responses on a population of 144† is a statistically valid result where we are
90% confident◊ that the margin of error in the result is not more than +/-10%◊
• Public interest perspective from advanced and developing nations is
appropriately represented with a slight advanced economy bias (5%)
• Developing economies in Africa are strongly represented in the result
(see slide 4)
• Developing economies in the Caribbean, Central, and South America are
under-represented in the result (see slide 4)† Source: IFAC website lists 145 member bodies however CAANZ is listed twice
Source: IMF World Economic Outlook Database – October 2015outlines economies as ‘Advanced’ or ‘Developing’ ◊ Source: Survey Monkey Sample Size Calculator
QUESTION 1: Survey Response Rate and Analysis
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# Country Economy What is the name of your organization?
1 Australia Advanced Chartered Accountants Australia and New Zealand
2 Australia Advanced CPA Australia
3 Austria Advanced IEKA
4 Azerbaijan Developing Chamber of Auditors of the Republic of Azerbaijan (CAAR)
5 Belgium Advanced Belgian Institute of Registered auditors
6 Belgium Advanced IEC/IAB (Belgium)
7Bosnia and
HerzegovinaDeveloping
The Association of Accountants and Auditors of Republika
Srpska
8 Botswana Developing Botswana Institute of Chartered Accountants
9 Colombia Developing Instituto Nacional de Contadores Públicos de Colombia
10Curacao
(Netherlands) Advanced Netherlands Association of Registered Controllers (VRC)
11 Czech Republic Advanced The Chamber of Auditors of the Czech Republic
12 Egypt Developing The Egyptian Society of Accountants &Auditors (ESAA)
13 Germany Advanced Wirtschaftsprüferkammer (WPK)
14 Germany Advanced Institut der Wirtschaftsprüfer in Deutschland (IDW)
15 Ghana Developing The Institute of Chartered Accountants (Ghana) (ICAG)
16 Iraq Developing Iraqis Union of Accountants and Auditors
17 Ireland Advanced CPA Ireland
18 Japan AdvancedThe Japanese Institute of Certified Public Accountants
(JICPA)
19 Jordan Developing International Arab Society of Certified Accountants IASCA
20 Kenya Developing Institute of Certified Public Accountants of Kenya
21 Korea, Republic of Advanced The Korean Institute of Certified Public Accountants (KICPA)
22 Liberia Developing The Liberian Institute of Certified Public Accountants (LICPA)
23 Malawi Developing The Institute of Chartered Accountants in Malawi
# Country Economy What is the name of your organization?
24 Malaysia Developing Malaysian Institute of Accountants, Kuala Lumpur
25Moldova,
Republic ofDeveloping
The Association of Professional Accountants and Auditors of
the Republic of Moldova (ACAP RM)
26 Mongolia Developing Mongolian Institute of Certified Public Accountants
27 Morocco Developing Order of Chartered Accountants
28 Namibia† Developing Zanwald Consulting and Investments
29 Nigeria** Developing INSTITUTE OF CHARTERED ACCOUNTANTS OF NIGERIA
30 Nigeria** Developing Institute of Chartered Accountants of Nigeria (ICAN)
31 Pakistan DevelopingINSTITUTE OF COST AND MANAGEMENT
ACCOUNTANTS OF PAKISTAN
32 Pakistan Developing The Institute of Chartered Accountants of Pakistan
33 Philippines Developing Philippine Institute of Certified Public Accountants
34 Romania DevelopingThe Body of Expert and Licensed Accountants of Romania
(CECCAR)
35 Singapore** Advanced Institute of Singapore Chartered Accountant
36 Singapore** Advanced Institute of Singapore Chartered Accountants
37 Slovenia Advanced Slovenian Institute of Auditors (SIA)
38 South Africa Developing South African Institute of Chartered Accountants
39 Sweden Advanced FAR
40Tanzania, United
Republic ofDeveloping
NATIONAL BOARD OF ACCOUNTANTS AND AUDITORS
(NBAA) TANZANIA
41 Uganda** Developing Institute of Certified Public Accountants of Uganda
42 Uganda** Developing Institute of Certified Public Accountants of Uganda (ICPAU)
43 United Kingdom Advanced AAT - Association of Accounting Technicians
44 United Kingdom Advanced ICAEW
45United Kingdom -
CaymanDeveloping Cayman Islands Society of Professional Accountants
46 United States Advanced American Institute of Certified Public Accountants
47 Uruguay DevelopingCOLEGIO DE CONTADORES ECONOMISTAS Y
ADMINISTRADORES DEL URUGUAY
QUESTION 1: Survey Respondents by Country | IMF
Economy (2015)
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QUESTION 1: IFAC Regional Jurisdictions
Represented in Survey Response
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# Country Region What is the name of your organization?
1 Australia Oceania Chartered Accountants Australia and New Zealand
2 Australia Oceania CPA Australia
3 Austria Europe IEKA
4 Azerbaijan Europe Chamber of Auditors of the Republic of Azerbaijan (CAAR)
5 Belgium Europe Belgian Institute of Registered auditors
6 Belgium Europe IEC/IAB (Belgium)
7Bosnia and
HerzegovinaEurope
The Association of Accountants and Auditors of Republika
Srpska
8 Botswana Africa Botswana Institute of Chartered Accountants
9 Colombia S. America Instituto Nacional de Contadores Públicos de Colombia
10Curacao
(Netherlands)
Carib & C.
AmericaNetherlands Association of Registered Controllers (VRC)
11 Czech Republic Europe The Chamber of Auditors of the Czech Republic
12 Egypt Africa The Egyptian Society of Accountants &Auditors (ESAA)
13 Germany Europe Wirtschaftsprüferkammer (WPK)
14 Germany Europe Institut der Wirtschaftsprüfer in Deutschland (IDW)
15 Ghana Africa The Institute of Chartered Accountants (Ghana) (ICAG)
16 Iraq M. East Iraqis Union of Accountants and Auditors
17 Ireland Europe CPA Ireland
18 Japan Asia The Japanese Institute of Certified Public Accountants (JICPA)
19 Jordan M. East International Arab Society of Certified Accountants IASCA
20 Kenya Africa Institute of Certified Public Accountants of Kenya
21 Korea, Republic of Asia The Korean Institute of Certified Public Accountants (KICPA)
22 Liberia Africa The Liberian Institute of Certified Public Accountants (LICPA)
23 Malawi Africa The Institute of Chartered Accountants in Malawi
# Country Region What is the name of your organization?
24 Malaysia Asia Malaysian Institute of Accountants, Kuala Lumpur
25Moldova, Republic
ofEurope
The Association of Professional Accountants and Auditors of
the Republic of Moldova (ACAP RM)
26 Mongolia Asia Mongolian Institute of Certified Public Accountants
27 Morocco Africa Order of Chartered Accountants
28 Namibia† Africa Zanwald Consulting and Investments
29 Nigeria** Africa INSTITUTE OF CHARTERED ACCOUNTANTS OF NIGERIA
30 Nigeria** Africa Institute of Chartered Accountants of Nigeria (ICAN)
31 Pakistan M. EastINSTITUTE OF COST AND MANAGEMENT ACCOUNTANTS
OF PAKISTAN
32 Pakistan M. East The Institute of Chartered Accountants of Pakistan
33 Philippines Asia Philippine Institute of Certified Public Accountants
34 Romania EuropeThe Body of Expert and Licensed Accountants of Romania
(CECCAR)
35 Singapore** Asia Institute of Singapore Chartered Accountant
36 Singapore** Asia Institute of Singapore Chartered Accountants
37 Slovenia Europe Slovenian Institute of Auditors (SIA)
38 South Africa Africa South African Institute of Chartered Accountants
39 Sweden Europe FAR
40Tanzania, United
Republic ofAfrica
NATIONAL BOARD OF ACCOUNTANTS AND AUDITORS
(NBAA) TANZANIA
41 Uganda** Africa Institute of Certified Public Accountants of Uganda
42 Uganda** Africa Institute of Certified Public Accountants of Uganda (ICPAU)
43 United Kingdom Europe AAT - Association of Accounting Technicians
44 United Kingdom Europe ICAEW
45United Kingdom -
Cayman
Carib & C.
AmericaCayman Islands Society of Professional Accountants
46 United States N. America American Institute of Certified Public Accountants
47 Uruguay S. AmericaCOLEGIO DE CONTADORES ECONOMISTAS Y
ADMINISTRADORES DEL URUGUAY
QUESTION 1: Survey Respondents by Region
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QUESTION 2: My organization implements the International
Education Standards™ (IES).
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QUESTION 2: My organization implements the International
Education Standards™ (IES).
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QUESTION 3: Describe the activities your organization
undertakes to promote and assist the implementation of IES 7.
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QUESTION 3: Describe the activities your organization
undertakes to promote and assist the implementation of IES 7.
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QUESTION 3: Describe the activities your organization
undertakes to promote and assist the implementation of IES 7.
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QUESTION 4: In my opinion, the implementation of IES 7
improves the competence of professional accountants.
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QUESTION 4: In my opinion, the implementation of IES 7
improves the competence of professional accountants.
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QUESTION 5: If you believe you are successful in
implementing IES 7, please provide a few tangible examples of
how you implement this standard.
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QUESTION 5: If you believe you are successful in
implementing IES 7, please provide a few tangible examples of
how you implement this standard.
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QUESTION 5: If you believe you are successful in
implementing IES 7, please provide a few tangible examples of
how you implement this standard.
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QUESTION 6: My organization meets or exceeds the
requirements of IES 7.
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QUESTION 6: My organization meets or exceeds the
requirements of IES 7.
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QUESTION 7: Overall, I am satisfied with the IES 7.
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QUESTION 7: Overall, I am satisfied with the IES 7.
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QUESTION 8: Which requirements of IES 7 are most
useful?
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QUESTION 8: Which requirements of IES 7 are most
useful?
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QUESTION 8: Which requirements of IES 7 are most
useful?
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QUESTION 9: What challenges do you have relative to the
application of IES 7?
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QUESTION 9: What challenges do you have relative to the
application of IES 7?
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QUESTION 9: What challenges do you have relative to the
application of IES 7?
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QUESTION 10: What specific improvements to IES 7 would
you recommend?
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QUESTION 10: What specific improvements to IES 7 would
you recommend?
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QUESTION 10: What specific improvements to IES 7 would
you recommend?
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QUESTION 11: Does your organization establish the
continuous professional development (CPD) requirements
applicable to your members?
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QUESTION 11: Does your organization establish the
continuous professional development (CPD) requirements
applicable to your members?
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QUESTION 11: Yes, Describe the activities your
organization undertakes to require the implementation of CPD:
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QUESTION 11: Yes, Describe the activities your
organization undertakes to require the implementation of CPD:
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QUESTION 11: Yes, Describe the activities your
organization undertakes to require the implementation of CPD:
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QUESTION 11: No, Which organization in your jurisdiction
establishes the CPD requirements applicable to your
members?
Country Region Organization Comment
Austria Europe IEKA The requirements are written in the law.
Azerbaijan EuropeChamber of Auditors of the Republic
of Azerbaijan (CAAR)
Ministry of Finance of the Republic of Azerbaijan establishes the
continuous professional development (CPD) requirements
applicable to our members. CAAR provides continuous
professional development only for auditors
Colombia S. AmericaInstituto Nacional de Contadores
Públicos de ColombiaNinguna en el paÃs.
Namibia Africa Zanwald Consulting and Investments Institute of Chartered Accountants in Nambia (ICAN)
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QUESTION 12: As defined by IES 7, which of the following
approaches to measuring the attainment of CPD is used in
your jurisdiction?
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QUESTION 12: As defined by IES 7, which of the following
approaches to measuring the attainment of CPD is used in
your jurisdiction?
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QUESTION 13: Should all three approaches for measuring
the attainment of CPD (input, output and combination)
continue to be available? Why or why not?
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QUESTION 13: Should all three approaches for measuring
the attainment of CPD (input, output and combination)
continue to be available? Why or why not?
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QUESTION 13: Yes, all three approaches should continue to
be available because:
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QUESTION 13: Yes, all three approaches should continue to
be available because:
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QUESTION 13: Yes, all three approaches should continue to
be available because:
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QUESTION 13: Yes, all three approaches should continue
to be available because flexibility is needed
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QUESTION 13: Yes, all three approaches should continue
to be available because flexibility is needed
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QUESTION 13: No, all three approaches should NOT
continue to be available because:
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QUESTION 13: No, all three approaches should NOT
continue to be available because:
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QUESTION 14: Describe the activities your organization
undertakes to monitor the compliance with CPD
requirements.
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QUESTION 14: Describe the activities your organization
undertakes to monitor the compliance with CPD
requirements.
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QUESTION 14: Describe the activities your organization
undertakes to monitor the compliance with CPD
requirements.
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QUESTION 15: Who are the primary providers of CPD in
your jurisdiction?
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