moderator and master of ceremonies

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Moderator and Master of Ceremonies

Mr. Dally joined the World Bank in 1985 and has worked in the legal, treasury, operations and external affairs areas of the Bank. In 1997, he was appointed as the Bank’s deputy director in Tokyo, Japan before returning to Washington in 2000 to become Senior Adviser to the Vice President and Treasurer. He then joined the International Affairs Department in the Vice Presidency for External Affairs, Communications and United Nations Affairs as Senior Counselor covering government relations with Japan, Canada, New Zealand, Australia, Singapore and Korea. In 2007, he became the World Bank’s Special Representative for Japan, stationed in Tokyo. In addition to Japan affairs, he covered Australia, Korea, New Zealand and Singapore. Mr Dally returned to World Bank headquarters in March 2008 and is Senior Advisor to the East Asia Pacific Vice President and the External Affairs Vice President covering government relations and institutional strategy in East Asia and the Pacific.

Before joining the World Bank, Mr Dally practiced law, worked in government, and international investment banking in New Zealand, Hong Kong, London and the United States.

Education

Mr Dally is a New Zealand national and is a graduate of Auckland University, New Zealand - BA, LLB (Hons), and Harvard University, USA - LLM.

Lester J. Dally,

Senior Advisor East Asia Pacific Vice Presidency World Bank

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Liam Coughlan joined the Vienna based Centre for Financial Reporting Reform last year as Senior Financial Officer. He is TTL for the REPARIS program implementing accounting education reforms in the Western Balkans states and Moldova, and raising awareness of policymakers for the need for reforms. Prior to then Liam had led the EC’s corporate financial reporting project in Kosovo , and previously as Chief of Party of USAID accounting reform projects in Bosnia & Herzegovina, Georgia, Armenia and Central Asia. Prior to this Liam was ACCA’s International Education and Training Manager, working on developing capacity for accounting bodies in sub Saharan Africa, China, the Caribbean, Australasia, Former Soviet Union states, Canada, and later Ireland where he served as Head of ACCA Ireland. Prior to this Liam spent more than 7 years as a consultant developing the capacity and delivering the programs for the Lesotho Institute of Accountants and the Botswana Accounting College. From Ireland, Liam holds a BBS (Finance), MSc (Acc) as well as memberships of both ACCA (UK) and CIMA (UK)

Liam John Coughlan,

Senior Financial Management Specialist, Centre for Financial Reporting Reform, Europe and Central Asia Region, The World Bank

Moderator

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Samia Msadek - Qualified CPA – Expert Comptable, development practitioner and Regional Manager for Financial Management, at the World Bank Group based in Washington, DC and covering the 22 countries of the East Asia and Pacific Region. She leads the dialogue and advises member countries on improving transparency and on the proper use of public funds through enhanced financial management in the public and private sectors. She chairs the Bank-wide Professional Accountancy Development Committee and offers technical leadership to Bank teams in assisting and advising developing countries in moving towards full adherence with international standards. She is the personal mentor of a group of professionals and students in accounting to help them become high-impact professionals and contribute effectively to the poverty reduction agenda. Before joining the Bank in 1998, she was an active member of the Tunisian Institute of CPAs.

Samia Msadek,

Manager, Financial Management East Asia and Pacific Region World Bank

Welcoming Remarks

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Joachim von Amsberg took over as Vice President, Operations Policy and Country Services on July 1, 2010.

He was Country Director for Indonesia for the last three years, overseeing one of the Bank’s largest country programs and country offices. He supported the Government of Indonesia’s efforts to improve the investment climate and service delivery to the poor through stronger governance; and led the Bank’s relationships and engagement with Indonesia, its Government, and other stakeholders, in close collaboration with IFC and MIGA.

As Country Director for the Philippines from 2004 -2007, Joachim led a new World Bank strategy for enhanced support to the Philippines. This strategy supported “Islands of Good Governance,” demonstrating how improved accountability and service delivery would lead to better economic and social outcomes. Under this strategy, World Bank programs were scaled up significantly, aligned more closely with the country’s own priorities, and implemented, as far as possible, through the country’s own systems and institutions.

Joachim began his career at the Bank in 1993 as an Economist and Young Professional. He worked on environmental programs and policy studies from 1994-97 for Argentina, Chile, and Paraguay, as well as on policy studies in Egypt. Subsequently, he worked for many years on the Bank’s Brazil program: as sector economist working on policy studies and projects in environmental management, rural and urban development; as country economist from 1997-2001 in the Brasilia country office focusing primarily on poverty strategies and policies; and from 2001-2004 as Lead Economist in Washington, where he led the economic policy dialogue, analytical and advisory assistance and adjustment lending programs for the Government of Brazil.

Joachim was a member of the steering committee that oversaw the preparation of the World Bank’s Governance and Anti-Corruption Strategy. He was also an integral part of several task forces to strengthen the World Bank’s programs in support of middle income countries.

Joachim holds a Ph.D. in Finance and Economic Policy from the University of British Columbia, Vancouver, Canada; an M.Sc. in Electrical Engineering from the Technische Universität Berlin, Germany; and an M.B.A. in Finance from the University of British Columbia.

Opening Keynote Address

Joachim von Amsberg,

Vice President, Operations Policy and Country Services, World Bank

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Göran Tidström is President of the International Federation of Accountants (IFAC). Prior to this role, he served as IFAC Deputy President (from 2008-2010). A European representative to IFAC since 2000, he became a member of the IFAC Board in 2003 and is currently chair of the Planning and Finance Committee and a member of the IFAC Regulatory Liaison Group. A highly regarded expert on international and European audit and accounting issues and a frequently requested speaker, Mr. Tidström has more than 30 years of experience as a public accountant with PricewaterhouseCoopers in Stockholm, Sweden, where he is a Senior Partner and former chair. He was a founder of the European Financial Reporting Advisory Group, the European Private Sector Body that gives European input to the International Accounting Standards Board, evaluates new International Financial Reporting Standards for use in Europe and recommends endorsement to the European Commission; he served as chair of their Supervisory Board from 2002 to 2009.

He was a member and later President, from 2000 to 2002, of the Council of the Fédération des Experts Comptables Européens, the European accountancy organization. Mr. Tidström's clients have included many of the largest international companies in Sweden; he has been engaged as an arbitrator, investigator, and was responsible for the restructuring of major companies. He has been a chair and a member of numerous standard-setting and policy-making bodies for financial reporting, tax, corporate governance, and capital market regulation practices.

Göran Tidström,

President, International Federation of Accountants

Catalyzing Development Partnerships for Inclusive and Sustainable Growth

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Tony Hegarty is the Chief Financial Management Officer and Head of the Financial Management Sector Board of the World Bank. He is Co-Chair of the OECD-DAC Task Force on Public Financial Management, Co-Chair of the INTOSAI/Donors Steering Committee and Chair of the Multilateral Development Banks Financial Management Working Group on Harmonization. Tony is a Member of the Multi-Donor Public Expenditure and Financial Accountability (PEFA) Steering Committee and the World Bank’s Public Sector Governance Board. Tony was a founding member of the International Federation of Accountants’ Developing Nations Committee

Partnering for Results: Solutions Tailored to the Needs of Member Countries

Anthony Martin Hegarty,

Chief Financial Management Officer, World Bank

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Charles (Chuck) McDonough is Vice President and Controller of the World Bank. He is the architect of the Bank’s financial management reporting framework which focuses on providing a coherent view of the Bank’s operations through statutory (GAAP) and voluntary disclosures. He oversees the Bank’s internal control framework as it relates to financial reporting, and administers the disbursement and collection of funds under all Bank lending operations and external donor funds entrusted to the Bank.

Chuck is a US CPA with over 25 years’ experience in the financial services industry. He is the World Bank Group’s primary spokesperson on global financial reporting, accounting and external auditing matters, in which capacity he is a member of various international bodies.

Charles A. McDonough,

Vice President and Controller, World Bank

The World Bank's Role in the International Accounting and Auditing Architecture: Where to From Here? (video)

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Henri Fortin is the Head of the World Bank Vienna Centre for Financial Reporting Reform (CFRR) since January 2011. The Centre is responsible for the World Bank's corporate-sector financial reporting activities in Europe and Central Asia (ECA).

Between 2003 and 2010, Henri led the World Bank’s analytical and advisory activities in corporate financial reporting for the Latin America and Caribbean (LAC) Region. His responsibilities included in particular (i) the preparation of ROSC reports on Accounting and Auditing, (ii) a number of technical assistance projects to assist partner countries in implementing ROSC recommendations and (iii) the “CReCER” (Spanish acronym for Accounting and Accountability for Regional Economic Growth) initiative in cooperation with international standard-setters, the accounting profession and key development partners. He also participated in a number of Financial Sector Assessment Program missions and worked on projects related to public financial management and governance of state-owned enterprises.

Henri also represented the World Bank on the International Accounting Standards Board’s SME working group which assisted the IASB in developing global financial reporting standards for small entities, the IFRS of SMEs. He currently represents the Bank on the IFRS of SMEs Implementation Group.

Before joining the World Bank in 2003, Henri was directeur associé in the audit and business advisory division of Barbier Frinault, the French practice of Arthur Andersen, which he had joined in March 1991. Prior to that he was a deputy commercial attaché at the French Embassy in Brazil (1989-1990). He has M.Sc. in management from HEC Paris (1989) and the Diplôme d’Etudes Supérieures Comptables et Financières issued by the Ministry of Education of France.

Henri Fortin,

Head, Vienna Centre for Financial Reporting Reform, World Bank

Panel 1: Corporate Financial Reporting Reform: Overcoming Challenges and Seizing Opportunities

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Domingo Mario Marchese, Member of the CENCYA (Accounting and Auditing Standard Setter) of the FACPCE (Federación Argentina de Consejos Profesionales de Ciencias Económicas (Argentine Federation of Economic Sciences Professional Councils)

Certified Public Accountant (Universidad Nacional de Tucumán)

Former member of the SIC of IASC since 1999 till 2001

Former member of the IFRIC of IASB since 2001 till 2007.

Member of various Special Commissions for adoption of IFRS in Argentina by the Regulator for listed Companies, the Central Bank, the FACPCE and other entities.

Professor in numerous post-graduated University courses in Argentina, Bolivia and Ecuador

Full Professor at the Universidad Nacional de Tucuman – Since 1.977

Founder of one of the most important Regional Auditing & Consultant firms since 1.974

Academic Director for training services, lecturer and consultant for IFRS adoption for numerous companies in Latin America

Lecturer in numerous IFRS and accounting events in Latin America (Argentina, Venezuela, Costa Rica, Ecuador, Colombia and Mexico) Author of three books and numerous papers on Accounting

Honor Diploma for Professional Merits awarded by the Inter American Accounting Association in Miami September 2002.

Author of three books and numerous papers on Accounting.

Domingo Marchese,

Member, Accounting and Auditing Standards Board, Federation of Professional Councils of Economic Sciences (FACPCE), Argentina


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Etty Retno Wulandari holds a PhD degree in Accounting from Nanyang Technological University, Singapore. She holds also an MBA degree in Corporate Accounting and Finance from William E. Simon Graduate School of Business Administration, University of Rochester, USA. Currently, she works as a Director for Accounting Standards and Disclosure Bureau in Indonesian Capital Market and Financial Institutions Supervisory Agency (Bapepam and LK). She is in charge of developing accounting standards, registering public accountants, and promoting good corporate governance as well as developing sharia capital market for publicly listed companies and other capital market participants in Indonesia.

Currently, she is a member of Indonesian Financial Accounting Standards Board of Indonesian Institute of Accountant (DSAK-IAI). She actively also as a reviewer for ”Accountancy and Finance Journal of Indonesia”, published by Faculty of Economics University of Indonesia. Additionally, she is a part time lecturer in University of Indonesia. She actively involves as speakers for various seminars in accounting, corporate governance, and capital market regulations.

In 2006 she received “2006 Outstanding International Accounting Dissertation Awards” from American Accounting Association (AAA) for her dissertation at Nanyang Technological University, Singapore.

Her publication includes. “Advanced Financial Accounting: An Indonesian Persepective”, published by Salemba Empat-Mc Graw Hill, Seventh Edition (2009), written with Richard E Baker, Valdean C. Lembke, Cynthia G. Jeffrey, Amir Abadi Jusuf, Sylvia Veronica NPS, and Dwi Martani; “Good Corporate Governance: Concept, Principles, and Practice”, a teaching module of Lembaga Komisaris & Direktur Indonesia (LKDI), Jakarta (2008); and “Political Patronage, Cross holdings, and Corporate Governance in Indonesia” written with Asheq R. Rahman, in “ The Governance of East Asian Corporation: Post Asian Financial Crisis” edited by Ferdinand A. Gul dan Judy S.L. Tsui, Palgrave Macmillan, New York (2004).

Etty Retno Wulandari,

Head of Accounting Standard and Transparency Bureau, Indonesia


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Michael Wells leads the education initiative of the IFRS Foundation. He qualified as a South African chartered accountant with Ernst & Young before being seconded to work out of the firm's Detroit office. He subsequently joined the academic world and became the Associate Professor responsible for the financial accounting section of a South African university. He also served as an independent evaluator of professional qualifying examinations. He is a member of a number of international accountancy education advisory groups.

Michael Wells,

Director, International Financial Reporting Standards (IFRS) Education Initiative, International Accounting Standards Committee Foundation


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Heather Collins joined the American Institute of CPAs’ Academic & Career Awareness team in December of 2008. In her role at the Institute, Heather oversees strategic initiatives for implementation of programs and services related to students and young professionals by developing stronger relationships with external organizations and agencies to accomplish successful pipeline outreach.

Key components of Heather’s responsibilities as Director include developing programs and initiatives – at the high school and community college level with the Start Here. Go Places. website and the college and university level with the new This Way To CPA website – to attract talented students to study accounting and pursue careers as CPAs; overseeing programs to improve accounting education and preparing individuals for careers in the profession; and managing the team’s operations.

Prior to joining the Academic & Career Awareness team, Heather worked with the Institute’s Member Value team, where she was involved with the enhancement of the Institute’s online dues payment module as well as surpassing the goal of 338,000 regular members and attaining a 97% retention rate for general membership for Fiscal Year ‘08.

Before coming to the Institute, Heather worked in the agency arena where her primary efforts focused on creating and executing integrated marketing communications plans (advertising, public relations, etc.) for business-to-business and business-to-consumer clients.

Outside of the AICPA, Heather enjoys spending time with her husband and two young children.

Heather earned a Bachelor of Science in Textile and Apparel Management from North Carolina State University.

Heather Collins,

Director, Academic and Career Awareness, American Institute of Certified Public Accountants (AICPA)

Panel 2: Strengthening Accounting Professional Bodies: Fundamental to Competitiveness and Public Trust

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Eugene T. Mateo, is the incumbent Chairman of the Board of Accountancy of the Philippines, a Certified Public Accountant, a Lawyer, an accomplished business executive, with a Bachelor’s Degree in Business Administration, Cum Laude from the University of the East in 1968. He earned his Master’s Degree in Business Administration in 1974 from the Ateneo de Manila University, his Bachelor of Laws Degree, Class Salutatorian, from the University of the East in 1980, and presently a candidate for a Master of Laws degree from the University of the Philippines.

Upon graduation from college, he was recruited by Sycip, Gorres, Velayo & Co., the largest Public Accounting Firm in the Philippines. In 1972, he joined Philippine Global Communications Inc., a telecommunications company where he worked for 23 years in various positions the last five years of which was as Vice President for Finance.

In 1995, he joined the TVI Resource Development (Phils) Inc, a mining company, as Chief Financial and Administration Officer and was promoted as President and Corporate Counsel of the Company in January 2005, a position he holds up to this time.


Eugene Mateo Chairman Board of Accountancy Philippines

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Ivana Matovina has been in the auditing profession since 1997. She has a B.Sc. in Economics from the University of Zagreb. She is an ACCA - Certified accountant in the UK, and a Croatian Certified Auditor, (member of the Board of Croatian Audit Chamber since April 2009).

From October 2009 to date, she has worked with Cinotti Revizija as audit partner and Director dealing with ISA audits of IFRS and CFRS small and medium sized clients. From September 1997 to October 2009, she worked with KPMG in Croatia in the audit department and was engaged in a number of audit projects, due diligence projects, agreed procedures in accordance with the special requirements of the stakeholders or clients. Ivana has provided services to clients in the area of accounting advisory, internal audit and training.

Ivana Matovina,

Board Member, Croatian Chamber of Auditors


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Zubaidur Rahman is currently responsible for overall management of the Report on the Observance of Standards and Codes: Accounting and Auditing (ROSC A&A) program at the World Bank. At present, main focus of his work is institutional capacity building to strengthen the infrastructure of accounting and auditing in developing countries and emerging economies. He also contributes to other activities of World Bank focusing on corporate governance, financial sector development and regional integration of professional services.

Zubaidur held senior positions with one of the big-4 international accounting firm networks in Moscow, Russia. He was responsible for developing and managing professional practice of the firm in a number of newly independent states of the former Soviet Union. Prior to this, he was Professor of Accounting and Finance at the State University of New York. He received his Masters Degree in Finance from the University of Dhaka, Bangladesh; and Ph.D. from the University of Manchester, United Kingdom.

Zubaidur Rahman,

Program Manager, Reports on the Observance of Standards and Codes – Accounting and Auditing (ROSC A&A) Program, World Bank

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Sujeewa Mudalige passed out as a Chartered Accountant in 1991. He is also a Fellow of the Chartered Institute of Management Accountants (CIMA) of UK, Association of Chartered Certified Accountants (ACCA) of UK and the Certified Public Accountants of Australia (CPA). He was elected to the Council of The Institute of Chartered Accountants in Dec 1999 and was elected as the President in December 2009.

He is currently a partner at PricewaterhouseCoopers. Sujeewa has previously worked at large public listed companies in Sri Lanka and overseas. Sujeewa is the head of assurance practice in Sri Lanka and the deputy leader of the Sri Lanka firm. Sujeewa has been with PwC for over 12 years, serving large multinational public companies as the engagement leader.

Sujeewa is the President of the Institute of Chartered Accountants of Sri Lanka. He has extensive experience in financial services and capital markets. He currently serves on the following:

Commission member of the Securities & Exchange Commission of Sri Lanka (SEC)

Governing board member of the Sri Lanka Accounting and Auditing Standards Monitoring Board appointed under the Sri Lanka Accounting and Auditing Standards Act of 1995.

Member of the Financial Systems Stability Consultative Committee set up by the Central Bank of Sri Lanka.

Alternate chairman of the joint corporate governance committee set up by SEC - SL and ICASL to review and upgrade the corporate governance code

Alternate Chairman of the Sri Lanka Accounting Standards Committee. This committee is responsible for rolling out IFRS in Sri Lanka

Chairman of the Urgent Issues Task Force

Sujeewa Mudalige,

President, Institute of Chartered Accountants of Sri Lanka

Panel 3: A Global Approach to Capacity Development: The Role of Regional Accountancy Bodies

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Major General Sebastian Achulike Owuama Bsc, FCA.

46th President of The Institute of Chartered Accountants of Nigeria. (ICAN) 2010/2011.

16th President of The Association of Accountancy Bodies of West Africa. (ABWA) 2010/2011.

1st President of The Pan African Federation of Accountants. (PAFA) 2011

Sebastian holds a Bsc degree in Accountancy from the University of Nigeria Nsukka. 1975.

He studied in the Norwich City College of Further and Higher Education and the London School of Accountancy where he qualified with The Association of Chartered and Certified Accountants and The Institute of Chartered Secretaries and Administrators. 1980/1984.

Admitted as Associate of ICAN in 1985 and Fellow in 1995.

An alumni of the London Business School.

Commissioned into the Nigerian Army in 1975 and had a distinguished military career spanning 30 years. Decorated with several Distinguished Service Medals. During his service period, he had varied experience in Public Finance Management, Taxation, Audit and lecturing. Held several Command and Staff appointments while in service and rose to the rank of a Major General before retiring in 2005. He was elected into the Governing Council of ICAN in 1995 and for a period of 16 years served in almost all the 18 Committees of Council.

Elected ICAN President in June 2010.

Elected ABWA President in July 2010.

Elected PAFA President in May 2011.

A keen golfer and loves adventure.


Sebastian A. Owuama,

President, Pan-African Federation of Accountants

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Szymon Radziszewicz In his role as the Head of the Member Body Development Team at the International Federation of Accountants (IFAC), he leads a team of committed professionals supporting IFAC Member Body Compliance Program and the Professional Accountancy Organizations Development Committee. He joined IFAC in March 2005. Prior to this assignment, he managed International Relations Department of the Accountants Association in Poland (AAP), an IFAC member organization in Warsaw, Poland. He has extensive experience in supporting the adoption and implementation of international standards and best practices, and the development and the accountancy profession worldwide. Mr. Radziszewicz has Postgraduate Degree in Political Science from Warsaw University and MTh Honors from Cardinal Wyszynski University in Warsaw. He is a member of the AAP and holds its Diploma in Accounting. Szymon volunteers his time as a coach and referee at the American Youth Soccer Organization.

Szymon Radziszewicz,

Team Leader, Member Body Development, International Federation of Accountants


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Jennifer Thomson is the Financial Management Regional Manager for the South Asian Region of the World Bank. Sector Manager where she provides leadership in supporting partner countries in strengthening their public financial management and corporate financial accounting and auditing capacities, and manages and mentors the region’s financial management team which provides advice and support on FM strategies, and arrangements for Bank funded development operations. Ms Thomson, an Australian national, joined the East Asia Pacific Region of the World Bank in 2004 working in Cambodia, Lao P.D.R., Thailand and Vietnam; then worked with the FM Operational Policy and Country Services Unit focusing on strategy and policy development prior to taking up her current position. Before joining the Bank, Ms Thomson provided consultancy services in financial management and broadcasting development projects in the South Pacific and East Asia. She also held positions of Finance Director in the Australian Broadcasting Corporation, and Audit Director and Regional Manager in the Australian National Audit Office.

Ms Thomson is member of CPA Australia, a Fellow of the Australian Institute of Management and a member of the Institute of Public Administration of Australia. She holds a Masters of Business Administration and Bachelor of Economics.

Jennifer Thomson,

Manager, Financial Management, South Asia Region World Bank

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Paul Bermingham was appointed Director of Operations Services in OPCS in June 2010. He was Country Director for Ukraine, Belarus and Moldova from 2004 to 2008, based in Kyiv in Ukraine, and then on leave of absence while living in Morocco until his return to Washington last year. He was previously Director, Financial Management in OPCS from 2001 to 2004. An Irish national, he joined the World Bank in 1994, and worked for some years in infrastructure, private sector development, and public enterprise reform. Prior to joining the World Bank, he worked for governments, development agencies, and in the private sector for several years. He has lived and worked in developing and transition countries for more than fifteen years. He is a business studies graduate of Trinity College Dublin, holds a higher diploma in education from the National University of Ireland, and is a Fellow of the Irish Institute of Chartered Accountants.

Paul Bermingham,

Director, Operations Services, Operations Policy and Country Services, World Bank

Closing Remarks: Shaping the Future: Actions for Impact

moderator and master of ceremonies

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