agenda 5-2 ies 7 survey analysis...page 5 | # country regionwhat is the name of your organization? 1...

|

Agenda 5-2

IES 7 Survey Analysis

IES 7 Task Force

Prepared by: IAESB staff

April 2016

Agenda 5-2

|

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

|

# 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 PÃºblicos 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 WirtschaftsprÃ¼ferkammer (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)

|

QUESTION 1: IFAC Regional Jurisdictions

Represented in Survey Response

|

# 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 PÃºblicos 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 WirtschaftsprÃ¼ferkammer (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

|

QUESTION 2: My organization implements the International

Education Standards™ (IES).

|

QUESTION 3: Describe the activities your organization

undertakes to promote and assist the implementation of IES 7.

|

QUESTION 4: In my opinion, the implementation of IES 7

improves the competence of professional accountants.

|

QUESTION 5: If you believe you are successful in

implementing IES 7, please provide a few tangible examples of

how you implement this standard.

|

QUESTION 6: My organization meets or exceeds the

requirements of IES 7.

|

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

|

QUESTION 8: Which requirements of IES 7 are most

useful?

|

QUESTION 9: What challenges do you have relative to the

application of IES 7?

|

QUESTION 10: What specific improvements to IES 7 would

you recommend?

|

QUESTION 11: Does your organization establish the

continuous professional development (CPD) requirements

applicable to your members?

|

QUESTION 11: Yes, Describe the activities your

organization undertakes to require the implementation of CPD:

|

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

PÃºblicos de ColombiaNinguna en el paÃs.

Namibia Africa Zanwald Consulting and Investments Institute of Chartered Accountants in Nambia (ICAN)

|

QUESTION 12: As defined by IES 7, which of the following

approaches to measuring the attainment of CPD is used in

your jurisdiction?

|

QUESTION 13: Should all three approaches for measuring

the attainment of CPD (input, output and combination)

continue to be available? Why or why not?

|

QUESTION 13: Yes, all three approaches should continue to

be available because:

|

QUESTION 13: Yes, all three approaches should continue

to be available because flexibility is needed

|

QUESTION 13: No, all three approaches should NOT

continue to be available because:

|

QUESTION 14: Describe the activities your organization

undertakes to monitor the compliance with CPD

requirements.

|

QUESTION 15: Who are the primary providers of CPD in

your jurisdiction?

www.iaesb.org

http://www.iaesb.org/

agenda 5-2 ies 7 survey analysis...page 5 | # country regionwhat is the name of your organization? 1...

Documents