advancing reliable financial reporting
Download
Skip this Video
Download Presentation
Advancing Reliable Financial Reporting:

Loading in 2 Seconds...

play fullscreen
1 / 11

Advancing Reliable Financial Reporting: - PowerPoint PPT Presentation


  • 103 Views
  • Uploaded on

Advancing Reliable Financial Reporting:. Investigation, Discipline and Appeals Systems for the Accountancy Profession. Gabriella Kusz Sr. Financial Management Specialist MENA FM World Bank. What do we mean by systems of Investigation, Discipline and Appeals (I&D)?.

loader
I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.
capcha
Download Presentation

PowerPoint Slideshow about ' Advancing Reliable Financial Reporting:' - kenyon


An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript
advancing reliable financial reporting

Advancing Reliable Financial Reporting:

Investigation, Discipline and Appeals Systems for the Accountancy Profession

Gabriella Kusz

Sr. Financial Management Specialist

MENA FM

World Bank

what do we mean by systems of investigation discipline and appeals i d
What do we mean by systems of Investigation, Discipline and Appeals (I&D)?
  • Address both professional and ethical misconduct
    • Goal: To identify, address and sanction violations.
    • Responsible Entity: Can be Professional Accountancy Organization (PAO), regulator, government and/or a combination of the aforementioned.
why do we care
Why do we care?
  • Promote and protect the integrity of the profession;
  • Alert Professional Accountancy Organizations (PAOs), government and regulators to areas of weakness;
  • Provide inputs into education, training and awareness activities; and
  • Provide force to ethical codes, professional standards, quality assurance findings, etc.
  • But most importantly….
foundational aspects of i d
Foundational Aspects of I&D

Legal and Regulatory Framework

important considerations
Important Considerations
  • Confidentiality
  • Timeliness
  • Monitoring progress of cases through system
  • Communications
  • Independent review of complaints
  • Annual report of findings
challenges to the development of strong i d systems
Challenges to the development of strong I&D systems
  • Weak legislation
  • Ad-hoc systems
  • Lack of independence
  • Weak penalties
  • Lack of coordination / communication
  • Focus is on auditors – but forgets accountants!
how can we overcome these challenges
How can we overcome these challenges?
  • Strong legal and regulatory foundation
  • Independence
  • Balancing accountants and non-accountants
  • Linking to other core functions
  • Enhancing and formalizing communication
  • Strengthening / Broadening sanctions
  • Cooperative efforts to strengthen I&D
thank you
Thank you!
  • Questions / Comments?
ad