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Emerging Issues and Outreach Working Group

Emerging Issues and Outreach Working Group. Gary Hannaford, Working Group Chair IESBA Meeting September 16-18, 2013 Sydney, Australia . Background. June 2013 IESBA Meeting Support for Working Group (WG) to explore processes re: Emerging Issues Outreach WG Terms of Reference agreed.

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Emerging Issues and Outreach Working Group

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  1. Emerging Issues and Outreach Working Group Gary Hannaford, Working Group Chair IESBA Meeting September 16-18, 2013 Sydney, Australia

  2. Background June 2013 IESBA Meeting • Support for Working Group (WG) to explore processes re: • Emerging Issues • Outreach • WG Terms of Reference agreed

  3. Emerging Issues Identification and Filtering • Matters that constitute emerging issues: • “Any national or international development identified outside of the Board’s strategic planning process that is related to, or has a connection with, the Board’s remit and may: • Have a potential impact on the Board’s strategy and work plan; • Require Board action or otherwise lead the Board to take specific action, such as leading or participating in a debate at the international level; or • Otherwise merit Board attention.

  4. Emerging Issues Identification and Filtering • Need for a systematic approach to screen appropriate information sources • Screening effort to leverage support of Board members and TAs • Three buckets proposed for filtering: • For Board consideration • For Board noting • Other matters

  5. Emerging Issues Board and CAG Consideration • Expectation of at least some emerging issues each quarter • Present issues at alternate Board meetings in open session • Involvement of CAG • Synchronize timing of Board and CAG consideration • Discuss CAG involvement March 2014 CAG Meeting

  6. Emerging Issues Outcomes and Effectiveness • Outcomes will vary with nature and importance of matters considered • Effectiveness of process • Biennial review by Board • Not responsibility of working group • No definitive measures

  7. Emerging Issues Outcomes and Effectiveness • Certain positive outcomes may indicate a degree of effectiveness e.g. • Specific board initiated actions • Positive feedback from stakeholders • Certain outcomes may indicate a lack of effectiveness e.g. • no emerging issues identified in any given year • matters missed that ultimately prove to be significant emerging issues

  8. Outreach Identification • No need for an overly formalized process • Focus on identified key stakeholders • Ensure geographically balanced coverage • All board members and TAs encouraged to be proactive on outreach

  9. Outreach Identification • Confirmed outreach activities: • Meetings with regulatory stakeholders • Attendance at regional conferences • Meetings with key stakeholder groups – e.g. NSS • Identify forums and media through IFAC Comms • Identify contacts at Board Leadership level • Board / Technical advisors proactively identify in jurisdictions • Leverage relationship with CAG

  10. Outreach Support Staff and Media Strategy • Staff-developed slides and speaking notes • Will help with consistency of messaging • Media strategy being developed by IFAC Commsdept • Standing WG to provide high level input in development of media strategy, then keep monitoring role

  11. Outreach Effectiveness • Difficult to identify definitive measures of success • But potential indications of effectiveness: • Increased linkage between outreach activities and new projects / initiatives • Increased media exposure • Press enquiries relating to emerging issues • Increased international adoption of Code

  12. Resources Staff • Resource light approach: • Two members of staff, each allocating 10-15% Meetings • Standing WG expected to meet quarterly via teleconference

  13. Timeline • Dec 2013 IESBA Meeting • Final process recommendations to IESBA • Presentation of draft ToR for Standing WG • April 2014 onwards – Implementation

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