IFAC Briefing

1. International Federation of Accountants ( IFAC ) Sent a letter to Pope Francis, addressing the work being carried out by the accounting profession in combating financial fraud and corruption, in response to his appeal made two years ago. 2014 Following the World Congress of Accountants, the Pope invited thousands of accountants to the Vatican, calling on the accounting profession to take action in combating fraud and corruption.

2. IFAC Elect Australian accountant Rachel ? Ms. Grimes ( Ms. Rachel Grimes ) to serve as the new chairperson, with a term lasting until... 2018 Year 11 Month; election of Mr. Ju In-ki, a Korean accountant ( Mr. In-Ki Joo ) as the successor chairman.

3. IFAC Recently released《 2018 Year IFAC “Notice of Nominations by the Board of Directors and Committees,” to IFAC The Council, following the Advisory Group ( CAP )、Accounting Professional Organization Development Committee ( PAODC )、The Committee of Professional Accountants in the Business and Industry Sector ( PAIBC )、Small and Medium-sized Firms Committee ( SMPC ) and the Nomination Committee’s total 33 A description of the open position and nomination requirements is provided. The nomination deadline is: 2017 Year 2 Moon 15 Day.

Independent Standards Setting Board Briefing

1. International Accounting Standards Board (IASB) International Accounting Standards Board ) Issued the International Financial Reporting Standards ( IFRS ) 5 The annual work plan identifies the development and revision of the conceptual framework for insurance contract standards as a key priority. Meanwhile, in the future... 5 In the development of annual standards, emphasis is placed on enhancing the communicability of financial statements.

2. Financial Accounting Foundation (USA) FAF The Trustees Committee recently announced the reappointment of Russell. ?G? Mr. Gordon ( Mr. Russell G Golden ) Served as a member of the U.S. Financial Accounting Standards Board ( Financial Accounting Standards Board Chairman.

3. FAF Issue a statement appointing Wesley. ?R? Mr. Brick Mr. Wesley R Bricker ) served as the Chief Accountant of the U.S. Securities and Exchange Commission, while also announcing James ?V? Mr. Schnur ( Mr. James V. Schnurr ) Officially retired.

4. Recently, Christopher ? Mr. Nian ( Mr. Christopher Nyong ) To be affected by IFAC Appointed as a member of the International Accounting Standards Board (IASB) International Accounting Standards Board ) Director, with a term of three years. Mr. Nian is... International Accounting Standards Board He is Nigeria’s first-ever representative and also the third African representative. He himself stated that this appointment is of great significance to Nigeria’s accounting profession.

Global Accounting Industry Briefing

1. London School of Business and Finance ( LSBF ) with the Myanmar Business Association ( MIB ) Form a partnership and become a member of the Association of Chartered Certified Accountants (ACCA). ACCA ) An accredited silver-level educational institution. This helps Myanmar professionals in obtaining... ACCA Obtain higher-quality accounting training during the qualification process.

2. Pakistan Association of Cost and Management Accountants ( ICM Pakistan ) at 2016 Year 11 Moon 3-5 I attended the South Asian Federation of Accountants in Colombo. SAFA ) series of conferences. This conference is organized by SAFA One of a series of regional workshops organized in collaboration with the World Bank, aimed at government and public-sector enterprise accounting.

3. Chartered Professional Accountants of Canada ( CPA Canada ) 2016 Third quarter of the year “ Business Monitoring ” The survey shows that half of the respondents believe Canada’s economy will remain unchanged over the next year, while more than a quarter of respondents expect the economy to decline in the coming period. Only... 21% Respondents are optimistic about the future economy. This conclusion is similar to the findings from the second-quarter survey.

4. Securities and Exchange Commission (SEC) of the United States Sec ) Recently announced the appointment of Mark. ?A? Mr. Panucci ( Mr. Marc A. Panucci ) As the Deputy Chief Accountant in the Office of the Chief Accountant, I am responsible for the work of the office’s professional practice team and also provide assistance. Sec The Public Company Accounting Oversight Board (PCAOB) of the United States PCAOB the supervisory responsibilities of ).

5. The Hong Kong government plans to improve the regulatory framework for audit firms of listed companies. This move will strengthen the role of the Financial Reporting Council of Hong Kong ( FRC ) Become an independent regulator. FRC To this end, the “Updated Report on Independent Audit Oversight” has been released, highlighting how audit oversight reforms can enable Hong Kong to meet international best practice standards and gain recognition from the International Forum of Independent Audit Regulators. IFIAR ) Membership.

6. 2016 Year 11 Month, 5249 A newly registered certified public accountant will be under the supervision of the Accounting Profession Regulatory Commission ( BOA ) Sworn in and officially joined the Philippine accounting profession. The Philippine accounting profession previously had registered accountants. 172,000 Person.

7. The Institute of Chartered Accountants in Australia and New Zealand announced the appointment of John. ? Mr. Patterson ( Mr. John Paterson ) Appointed as the new Chief Financial Officer, effective from 2016 Year 11 Moon 7 He took office today. Mr. Patterson previously served as Chief Financial Officer for the Americas at Standard Chartered Bank and as Chief Financial Officer for the Asia-Pacific region at The Royal Bank of Scotland, and has over— 15 Years of senior management experience.

8. Recently, the European Commission appointed Manfred. ? Mr. Kraff ( Mr. Manfred Kraff ) Serving as an internal auditor and Director of the Internal Audit Services Division; the exact date of taking office will be confirmed shortly.

9. To remain consistently aligned with international standards, the Institute of Chartered Accountants of Sri Lanka plans to... 2018 Year 3 A new audit report will take effect starting this month, aiming to enhance the transparency of financial reporting.

10. The number of members of the Association of Chartered Accountants in Ireland has reached 25,000 The designation of “Chartered Accountant” has become Ireland’s leading accounting qualification. Data shows that among members of the Institute of Chartered Accountants in Ireland, there are... 16,000 People are in Ireland; the remaining members are distributed around the globe. 100 Multiple countries, and nearby 5 The annual membership numbers are nearly... 20% growth.

11. Institute of Chartered Accountants of India ( ICAI ) and the Institute of Company Secretaries of India ( ICSI ) are all preparing to register the first specialized bankruptcy institution ( IPA ). IPA As the primary regulatory body under the new bankruptcy law, it will play a role similar to that of a stock exchange in the securities market, responsible for the registration and supervision of bankruptcy professionals, while also performing functions such as education and examination.

12. Nigeria Association of Chartered Accountants ( ICAN ) Recently submitted to the relevant government departments. 13 A proposal to rescue the economy, such as: The government should retain 0.5% The total revenue from its petroleum business helps shield the local economy from the impacts of global fluctuations; government agencies should also adopt accountability mechanisms just as the private sector does; economic diversification should continue to be encouraged; governments at all levels should collaborate with relevant professional and technical associations to enhance their own competence, thereby promoting accountability within the public sector and increasing public-sector transparency; and so on.