fédération des experts-comptables européens federation of european accountants connect with...
TRANSCRIPT
Fédération des Experts-comptables EuropéensFederation of European Accountants
www.fee.be
Connect with European Professional Accountants
@FEE_Brussels
CIPFA European Annual Seminar
Key Challenges and Initiatives for FEE
Olivier Boutellis-Taft
14 October 2014
1
Federation of European Accountants
FEE federates professional institutes across Europe
2
•47 professional institutes •36 European countries, including all EU 28 •800.000 professional accountants
Federation of European Accountants
FEE adds value to Members
3
EU & international regulation, public policy, standard setting etc.
EC, EP, Council, ESMA, EBA, EIOPA, IOSCO - IASB, EFRAG, IIRC, IFAC, IAASB, IESBA, IPSASB, CAGs, PCAOB, OECD etc.
Facilitates consensus between Institutes, accountancy firms (big & small)…
• Representation toward stakeholders
• Analysing and informing public policy developments
• Promoting cooperation among Members
Federation of European Accountants
FEE‘s challenges
4
Professions‘ structure
Members‘ background
Participants‘language
FEE‘s resources
Countries‘ differences
Federation of European Accountants
FEE’s work
5
A C C O U N T I N G
ACCOUNTING
AUDITAND
ASSURANCE
AUDITAND
ASSURANCESMP
FORUM
SMPFORUM
S U S TA IN A B IL IT Y
SUSTAINABILITY
C O M PA N Y
L A W A N D
C O R P O R AT E
G O V E R N A N C E
COMPANYLAW AND
CORPORATEGOVERNANCE
P R O F E S S I O N A L
E T H I C S A N D
C O M P E T E N C E S
PROFESSIONALETHICS AND
COMPETENCES
TAX
TAX
PUBLICSECTOR
PUBLICSECTOR
I A A S B
E X P O S U R E
D R A F T S
IAASBEXPOSURE
DRAFTS
P C A O B
PCAOB
F U T U R E O F
A U D IT A N D
A S S U R A N C E
FUTURE OFAUDIT ANDASSURANCE
A U D I T O R
C O M M
AUDITOR COMM
A N T I
M O N E Y-
L A U N D E R I N G
ANTI MONEY-
LAUNDERING
CORPORATEREPORTING
CORPORATEREPORTING
B A N K S
BANKS
I N S U R A N C E
INSURANCE
V A T
VATF U T U R E O F
C O R P O R AT E
R E P O R T IN G
FUTURE OFCORPORATEREPORTING
Federation of European Accountants 6
FEE’s strategic priorities
Corporate reporting
Public finance
Audit&
Assurance
Federation of European Accountants 7
Public finance
Showcase
profession’s
public interest
commitment
Provide
expertise
(tax policy,
reporting,
assurance)
Create &
seize
opportunities
Federation of European Accountants 8
Public Sector: A strategic priority for FEE
The profession has an important role in public sector:
• Policy debate, governance model, standard setting
and legislation
• Advice on implementation, transition plans, IT
• Accounting, reporting, assurance
Federation of European Accountants 9
FEE‘s Public Sector Group
• 26 members from 15 countries (still expanding)
• Priority areas and a range of important topics:
Accounting and reporting•European Standards•International Standards
Assurance
•Performance Audit•Compliance Audit•Sustainability Audit …
Federation of European Accountants 10
EPSAS and IPSAS
• EC consultations, Conference, Task Forces
• IPSASB consultations, joint meeting• EC plans: Communication, Framework
Regulation, Standards
Federation of European Accountants 11
FEE‘s further initiatives in the EPSAS debate
• Series of roundtables on public sector accounting in 2014
• FEE issues EPSAS paper
• International standards are the preferred solution
• EPSAS could be acceptable if a list of conditions is met
Federation of European Accountants 12
Coming soon: FEE Briefing Paper on Public Sector Accounting Standards
Thank you!
Federation of European Accountants
Stay connected
13
Connect with European Professional Accountants
FEE website
Monthly e-newsletter
@FEE_Brussels
@FEE_SMP
+FEE Brussels