Agenda 5-2. IES 7 Survey Analysis

Transcription

1 Agenda 5-2 Agenda 5-2 IES 7 Survey Analysis IES 7 Task Force Prepared by: IAESB staff April 2016 Page 1

2 QUESTION 1: Survey Response Rate and Analysis 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 47 Total 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 PUBLIC INTEREST SUMMARY: 30% of IFAC s 144 Member Bodies responded to the IES 7 Survey as of March 24, 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: Survey Monkey Sample Size Calculator Page 2

3 QUESTION 1: Survey Respondents by Country IMF Economy (2015) # 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) 7 Bosnia and Herzegovina Developing 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 10 Curacao (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 Advanced The 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 25 Moldova, Republic of Developing 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 INSTITUTE OF COST AND MANAGEMENT Developing ACCOUNTANTS OF PAKISTAN 32 Pakistan Developing The Institute of Chartered Accountants of Pakistan 33 Philippines Developing Philippine Institute of Certified Public Accountants 34 Romania The Body of Expert and Licensed Accountants of Romania Developing (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 40 Tanzania, United Republic of Developing 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 United Kingdom - 45 Developing Cayman Islands Society of Professional Accountants Cayman 46 United States Advanced American Institute of Certified Public Accountants COLEGIO DE CONTADORES ECONOMISTAS Y 47 Uruguay Developing ADMINISTRADORES DEL URUGUAY Page 3

4 QUESTION 1: IFAC Regional Jurisdictions Represented in Survey Response Page 4

5 QUESTION 1: Survey Respondents by Region # 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) 7 Bosnia and Herzegovina Europe 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 10 Curacao (Netherlands) Carib & C. America Netherlands 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 Moldova, Republic 25 of Europe 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. East INSTITUTE 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 Europe The 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 40 Tanzania, United Republic of Africa 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 45 United Kingdom - Cayman Carib & C. America Cayman Islands Society of Professional Accountants 46 United States N. America American Institute of Certified Public Accountants 47 Uruguay COLEGIO DE CONTADORES ECONOMISTAS Y S. America ADMINISTRADORES DEL URUGUAY Page 5

6 QUESTION 2: My organization implements the International Education Standards (IES). Page 6

7 QUESTION 2: My organization implements the International Education Standards (IES). Page 7

8 QUESTION 3: Describe the activities your organization undertakes to promote and assist the implementation of IES 7. Page 8

9 QUESTION 3: Describe the activities your organization undertakes to promote and assist the implementation of IES 7. Page 9

10 QUESTION 3: Describe the activities your organization undertakes to promote and assist the implementation of IES 7. Page 10

11 QUESTION 4: In my opinion, the implementation of IES 7 improves the competence of professional accountants. Page 11

12 QUESTION 4: In my opinion, the implementation of IES 7 improves the competence of professional accountants. Page 12

13 QUESTION 5: If you believe you are successful in implementing IES 7, please provide a few tangible examples of how you implement this standard. Page 13

14 QUESTION 5: If you believe you are successful in implementing IES 7, please provide a few tangible examples of how you implement this standard. Page 14

15 QUESTION 5: If you believe you are successful in implementing IES 7, please provide a few tangible examples of how you implement this standard. Page 15

16 QUESTION 6: My organization meets or exceeds the requirements of IES 7. Page 16

17 QUESTION 6: My organization meets or exceeds the requirements of IES 7. Page 17

18 QUESTION 7: Overall, I am satisfied with the IES 7. Page 18

19 QUESTION 7: Overall, I am satisfied with the IES 7. Page 19

20 QUESTION 8: Which requirements of IES 7 are most useful? Page 20

21 QUESTION 8: Which requirements of IES 7 are most useful? Page 21

22 QUESTION 8: Which requirements of IES 7 are most useful? Page 22

23 QUESTION 9: What challenges do you have relative to the application of IES 7? Page 23

24 QUESTION 9: What challenges do you have relative to the application of IES 7? Page 24

25 QUESTION 9: What challenges do you have relative to the application of IES 7? Page 25

26 QUESTION 10: What specific improvements to IES 7 would you recommend? Page 26

27 QUESTION 10: What specific improvements to IES 7 would you recommend? Page 27

28 QUESTION 10: What specific improvements to IES 7 would you recommend? Page 28

29 QUESTION 11: Does your organization establish the continuous professional development (CPD) requirements applicable to your members? Page 29

30 QUESTION 11: Does your organization establish the continuous professional development (CPD) requirements applicable to your members? Page 30

31 QUESTION 11: Yes, Describe the activities your organization undertakes to require the implementation of CPD: Page 31

32 QUESTION 11: Yes, Describe the activities your organization undertakes to require the implementation of CPD: Page 32

33 QUESTION 11: Yes, Describe the activities your organization undertakes to require the implementation of CPD: Page 33

34 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 Europe Chamber 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. America Instituto Nacional de Contadores Públicos de Colombia Ninguna en el paãs. Namibia Africa Zanwald Consulting and Investments Institute of Chartered Accountants in Nambia (ICAN) Page 34

35 QUESTION 12: As defined by IES 7, which of the following approaches to measuring the attainment of CPD is used in your jurisdiction? Page 35

36 QUESTION 12: As defined by IES 7, which of the following approaches to measuring the attainment of CPD is used in your jurisdiction? Page 36

37 QUESTION 13: Should all three approaches for measuring the attainment of CPD (input, output and combination) continue to be available? Why or why not? Page 37

38 QUESTION 13: Should all three approaches for measuring the attainment of CPD (input, output and combination) continue to be available? Why or why not? Page 38

39 QUESTION 13: Yes, all three approaches should continue to be available because: Page 39

40 QUESTION 13: Yes, all three approaches should continue to be available because: Page 40

41 QUESTION 13: Yes, all three approaches should continue to be available because: Page 41

42 QUESTION 13: Yes, all three approaches should continue to be available because flexibility is needed Page 42

43 QUESTION 13: Yes, all three approaches should continue to be available because flexibility is needed Page 43

44 QUESTION 13: No, all three approaches should NOT continue to be available because: Page 44

45 QUESTION 13: No, all three approaches should NOT continue to be available because: Page 45

46 QUESTION 14: Describe the activities your organization undertakes to monitor the compliance with CPD requirements. Page 46

47 QUESTION 14: Describe the activities your organization undertakes to monitor the compliance with CPD requirements. Page 47

48 QUESTION 14: Describe the activities your organization undertakes to monitor the compliance with CPD requirements. Page 48

49 QUESTION 15: Who are the primary providers of CPD in your jurisdiction? Page 49

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