2004 INTERNATIONAL FEDERATION

Transcription

1 INTERNATIONAL FEDERATION OF ACCOUNTANTS 545 Fifth Avenue, 14th Floor Tel: +1 (212) New York, New York Fax: +1 (212) Internet: Agenda Item 17-C IMCP OVERVIEW OF THE STRUCTURE OF THE ACCOUNTANT PROFESSION IN MEXICO 2004 IMCP WAS FOUNDED 80 YEARS AGO (OCTUBER ) IMCP IS A FEDERATION OF PROFESSIONAL ASSOCIATIONS IMCP IS A FEDERATION COMPOSED OF 61 ACCOUNTANT PROFESSIONAL ASSOCIATIONS. AROUND ACCOUNTANTS ARE REGISTERED IN THE IMCP IN MEXICO INSTITUTO MEXICANO DE CONTADORES PÚBLICOS, A.C. (IMCP) MEXICAN INSTITUTE OF PUBLIC ACCOUNTANTS (IMCP) IMCP MISSION TO BE THE GOVERNING ORGANISM OF THE MEXICAN PUBLIC ACCOUNTANTS` OFFICE THAT PROMOTES THE UNION AND IMPROVEMENT OF THE PROFESSION AT NATIONAL AND INTERNATIONAL LEVEL, WITHIN AN ETHICAL FRAME, IN BENEFIT OF THE PUBLIC INTEREST. Page 1 of 6

2 OBJECTIVES OF THE IMCP GOVERNING BODY TO EMIT AND UPDATE THE ETHICAL NORMS OF FINANCIAL INFORMATION (UNTIL MAY 2004) AND AUDITS, WHICH ARE NECESSARY FOR THE ECONOMIC DEVELOPMENT OF THE COUNTRY, TRYING TO MAKE THEM HOMOLOGUES TO THE INTERNATIONAL APPLICATIONS AND CONTEXT. TO PROTECT AND DEFEND THE ASSOCIATES` PROFESSIONAL INTERESTS. TO REPRESENT ITS ASSOCIATES ON GOVERNMENTAL ISSUES. TO SERVE AS CONSULTATIVE BODY FOR THE PROFESSION MATTERS. TO ARBITRATE THE CONFLICT RAISED IN THE FEDERATION OR BY ASSOCIATES. ORIENTATION COMMISSION OF OF ELECTIONS General Assembly Conformed Conformed by by all all the the federation s federation s partners partners Governing body: body: conformed by the 61 conformed by the 61 Presidents of the Presidents of the federation and 22 federation and 22 members of the National members of the National Executive Committee Executive Committee NATIONAL EXECUTIVE COMMITTEE Formed Formed by by members members HONOR MEETING NORMATIVE ORGAN OF THE ACCOUNTANT'S OFFICE INTERNATIONAL PROFESSIONAL ASSOCIATIONS Statutes of the IMCP Professional Ethics Principles of Accounting (until May 2004) Norms and Procedures of Audit and Norms To testify Continuous Professional Education Certification ASOCIACIÓN INTERAMERICANA DE CONTABILIDAD (AIC) INTER-AMERICAN ASSOCIATION OF ACCOUNTING The AIC is the Regional Organism that groups to the Countable Profession of America. The IMCP has participated in the AIC from their foundation in PROFESSIONAL SECTORS INTERNATIONAL PROFESSIONAL ASSOCIATIONS EDUCATIONAL MANAGERIAL GOVERNMENTAL INDEPENDENT INTERNATIONAL ACCOUNTING STANDARDS BOARD (IASB) Consejo de Normas Internacionales de Contabilidad (desde mayo 2000) The IMCP founded on 1973, along with other eigth countries, the IASC (now IASB). At the moment the IASB is formed by 60 countries The IASC was the international organism in charge of elaborate the Accounting Principles for the international applications known like International Norms Accounting (NIC by its acronyms in Spanish). Page 2 of 6

3 INTERNATIONAL PROFESSIONAL ASSOCIATIONS INTERNATIONAL FEDERATION OF ACCOUNTANTS (IFAC ) Federación Internacional de Contadores ITS MISSION IS TO STRENGTHEN THE ACCOUNTING PROFESSION AT WORLD-WIDE LEVEL AND TO CONTRIBUTE TO THE INTERNATIONAL ECONOMIC DEVELOPMENT. IT ASSOCIATES TO 158 ACCOUNTING ORGANISMS IN 118 COUNTRIES, REPRESENTING MORE THAN 2.5 MILLIONS OF ACCOUNTINGS. THIS ORGANISM EMITS INTERNATIONAL NORMS IN ETHICS, COUNTABLE AUDITS AND PRINCIPLES, AMONG OTHERS, FOR THE PUBLIC SECTOR. DESCRIPTION OF THE EDUCATION AND LICENSING REQUIREMENTS TO BECOME A PROFESSIONAL ACCOUNTANT IN MEXICO After obtaining the professional degree (title), it`s necessary to register it with the government, in order to practice the profession in the country. The Professional Registration (Cédula Profesional) allows to practice the profession in all country in permanent form. At the present time the Professional Registration is effective during all the life. INSTITUTO MEXICANO DE CONTADORES PÚBLICOS, A.C. (IMCP) DESCRIPTION OF THE EDUCATION AND LICENSING REQUIREMENTS TO BECOME A PROFESSIONAL ACCOUNTANT IN MEXICO DESCRIPTION OF THE EDUCATION AND LICENSING REQUIREMENTS TO BECOME A PROFESSIONAL ACCOUNTANT IN MEXICO CERTIFICATION AT THE PRESENT, THE CERTIFICATIONS IS VOLUNTARY. IT WILL BE OBLIGATORY FOR THOSE ACCOUNTANTS WHO ARE FISCAL AUDITORS AS OF JANUARY THE CERTIFICATION IN ANY PROFESSION IS NOT OBLIGATORY IN MEXICO. THIS BEGIN BEING OBLIGATORY FOR SOME PROFESSION LIKE MEDICINE, LAW AND ACCOUNTING. DESCRIPTION OF THE EDUCATION AND LICENSING REQUIREMENTS TO BECOME A PROFESSIONAL ACCOUNTANT IN MEXICO Requirements to be an accountant: To finish high school studies To conclude the university studies (four or five years, depending on the education system). To study approximately between 45 and 60 matters, during 4 to 6 hours daily, 4 to 5 years. INSTITUTO MEXICANO DE CONTADORES PÚBLICOS, A.C. (IMCP) KEY EDUCATION AND TRAINING INITIATIVES THAT ARE UNDERWAY Page 3 of 6

4 Certification of Public Accountant. GUARANTEES THE QUALITY OF OUR SERVICE. REPRESENTS RESPONSIBILITY AND WILLINGNESS TO SERVE THE SOCIETY. CONSTANTLY REINFORCE THE PROFESSIONAL QUALITY OF THE PUBLIC ACCOUNTANTS. ESTABLISHES THE BASIS FOR THE RECIPROCITY AMONG COUNTRIES IN TERMS OF THE ACCOUNTING PROFESSIONAL SERVICES. EVALUATES TECHNICAL UPDATES AND PROFESSIONAL CAPACITY OF THE PUBLIC ACCOUNTANTS FOR THE RELIABLE AND EFFICIENT EXERCISE OF THE PUBLIC ACCOUNTANT`S OFFICE. Certification of Public Accountant. WARRANTIES THE A PROFESSIONAL ACCOUNTINGS HAS THE KNOWLEDGE, ABILITIES, AND SKILLS REQUIRED FOR THE EXERCISE OF THE PROFESSION. COMMITS THE AUTHENTICATION OF THE CAREER THROUGH A DEMONSTRATION OF ITS PROFESSIONAL UPDATE. THIS PROCESS IS DONE EVERY FOUR YEARS. REQUIREMENTS TO PRESENT THE UNIFORM EXAMINATION OF CERTIFICATION : - PROFESSIONAL PRACTICE OF AT LEAST THREE YEARS IN PUBLIC ACCOUNTING ACTIVITIES. - AT LEAST THREE YEARS WITH THE PROFESSIONAL DEGREE. IN MEXICO THE CERTIFICATION OF THE PUBLIC ACCOUNTANT IS A CERTIFICATION OF SOCIAL TYPE AND IT IS VOLUNTARY. CERTIFICATION GUARANTEED BY THE COMPIC MEXICAN COUNCIL FOR THE INTERNATIONAL PRACTICE OF ACCOUNTANTS (COMPIC BY ITS ACRONYMS IN SPANISH) COMPIC (CONSEJO MEXICANO PARA LA PRÁCTICA INTERNACIONAL DE LA CONTADURÍA) COMPIC IS THE ORGANISM IN CHARGE OF ELABORATING THE NORMS AND CRITERIA FOR GRANT LICENSES AND CERTIFICATES TO THE LENDERS OF PROFESSIONAL SERVICES OF PUBLIC ACCOUNTANT, JOINTLY WITH ITS HOMOLOGOUS ONES OF U.S.A. AND CANADA. THE IMCP IS THE ONLY ORGANISM OF OUR COUNTRY GUARANTEED BY THE COMPIC TO CERTIFY THE ACCOUNTANTS. IT IS UNIFORM IT MEASURES THE EXPERIENCE AND THE PROFESSIONAL JUDGMENT (7 AREAS) THE EXAMINATION IS VOLUNTARY IT HAS MULTIPLE OPTION EVALUATION IT KEEPS THE HIGHEST NORMS OF SECURITY IT`S CARRY OUT TWICE DURING THE YEAR IT HAS A STUDY GUIDE IT LASTS TWELVE HOURS IT CAN "BE REPEATED Page 4 of 6

5 Agreement of Mutual Professional Recognition of the Public Accountant's 1. AUDIT 2. ACCOUNTING 3. COSTS 4. LAWS 5. PROFESSIONAL AND ETHICAL RESPONSIBILITIES 6. FINANCES THE AGREEMENT OF MUTUAL PROFESSIONAL RECOGNITION OF THE PUBLIC ACCOUNTANT S OFFICE WAS SIGNED BY USA, CANADA AND MEXICO ON SEPTEMBER 27, THE NAFTA (TLCAN) COMMISSION OF FREE TRADE POSITIVELY AGREED ON THIS RECOGNITION (OCTOBER ) 7. TAXES THE CERTIFICATIONS EXPIRES AFTER FOUR YEARS Agreement of Mutual Professional Recognition OPTIONS TO RE-CERTIFY: TO AUTHENTICATE BY FULFILLMENT WITH NORMS OF CONTINUOUS PROFESSIONAL EDUCATION PASS THE EXAMINATION AGAIN BASES OF THE RECOGNITION: Education: Bodies of substantially equivalent knowledge Examination: Verification of the quality of the EUC (UNIFORM EXAMINATION OF CERTIFICATION) of the IMCP Experience: Recognized professional trajectory EQUIVALENT DESIGNATIONS: CPC of Mexico CA of CANADA and CPA of the United States Page 5 of 6

6 Agreement of Mutual Professional Recognition of the Public Accountant's STEPS TO FOLLOW FOR ITS IMPLEMENTATION: Elaboration of the Foreign Examination Elaboration of procedures previous to the signature of this agreement, such as the relative ones to migration of professional, licenses to exert the respective profession and controls Page 6 of 6