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Technology Patricia Mulvaney, IESBA Member, Technology Working Group Chair Technology Patricia Mulvaney, IESBA Member, Technology Working Group Chair

Technology Patricia Mulvaney, IESBA Member, Technology Working Group Chair - PowerPoint Presentation

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Technology Patricia Mulvaney, IESBA Member, Technology Working Group Chair - PPT Presentation

IESBA Meeting New York USA December 35 2018 To receive an update on Technology WG activities To provide input to the WGs proposed Terms of Reference for approval during the IESBA meeting ID: 781038

terms proposed iesba reference proposed terms reference iesba ifac phase global components key institute accountants stakeholders approach provide technology

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Slide1

Technology

Patricia Mulvaney, IESBA Member, Technology Working Group Chair

IESBA

Meeting

New York, USA

December 3-5,

2018

Slide2

To receive an update on Technology WG activities

To provide input to the WG’s proposed Terms of Reference for approval during the IESBA meetingObjectives of the Session

Slide3

Proposed Terms of Reference

Slide4

Proposed Terms of Reference

List of Contact Stakeholder Organizations #StakeholderRegion 1.

AICPA

American Institute of Certified Practicing Accountant

NA

2.

ACCA

Association of Chartered Certified Accountants

Global

 3.

CEA

Cercle

d’Ethique

des Affaires

EU

 4.

CIMA

Chartered Institute of Management Accountants

EU

 5.

ECI

Ethics & Compliance Initiative

Global

 6.

GU-MSB

Georgetown University – McDonough School of Business

NA

 7.

DAWG

IAASB Data Analytics Working Group

Global

 8.

ICAEW

The Institute of Chartered Accountants in England and Wales

EU

 9.

IFAC

SMPC

IFAC Professional Accountants in Business Committee

Global

10.

IFAC PAIBC

IFAC Small and Medium Practices Committee

Global

11.

IBE

Institute for Business Ethics

EU

12.

IAETAG

International Accounting Education Transitional Advisory Group

Global

13.

JICPA

Japan Institute of Certified Public Accountants

AP

14.

Various public accounting firms

 

Slide5

Proposed Terms of Reference

Basis for proposed way forward

Slide6

Proposed Terms of Reference

Key Components - ObjectivesBackgroundObjectives FocusApproachDeliverablesCompositionIdentify threats to compliance with FPs and independence Both PAIBs and PAPPs

Develop

responses

to address the ethical issues identified

R

evisions to Code and/or non-authoritative material

Identify outreach and partnership opportunities

Share knowledge

Promote the Code

Slide7

Proposed Terms of Reference

Key Components - FocusBackgroundObjectives FocusApproachDeliverablesCompositionEthical behavior of PAs, not broader ethical implications in society or deep analysis of technologies themselves

Specific consideration of impact on PAIBs

Align technology categories to those prioritized by IFAC:

A

rtificial Intelligence and Robotic Process Automation

B

lockchain

, Cryptocurrencies and Initial Coin Offerings

C

yber-crime and Cyber-security

D

ata Analytics and Big Data

Slide8

Proposed Terms of Reference

Matters for IESBA ConsiderationBackgroundObjectives FocusApproachDeliverablesComposition

Board’s View and reaction to?

A. Background

B. Objectives

C. Focus

Slide9

Proposed Terms of Reference

Key Components - Approach BackgroundObjectives FocusApproachDeliverablesCompositionPhase 1 – through December 2019

Use

Data analytics/Big

data

and

AI/Robotic

process

automation

as the context for evaluating ethical behaviors of PAs

Information gathering and assessment

Engage with a broad range of

external stakeholders via different

forums

Identify opportunities to partner with other stakeholders

Review existing published reports

Communication and Coordination

Liaise and provide support to

other IESBA TFs/ WGs

Coordinate with IFAC and sister SSBs (

incl

working groups thereunder)

Slide10

Proposed Terms of Reference

Key Components - DeliverablesBackgroundObjectives FocusApproachDeliverablesCompositionPhase 1 – through December 2019Update stakeholders through various communications channels (e.g., IESBA website,

eNews

, social media)

Invite informal input and comment from stakeholders

Consider how communications can be integrated into Restructured/

eCode

rollout program plans

Consider publication of non-authoritative material (e.g., Staff publication)

Provide quarterly updates at IESBA meetings

Provide Phase 1 final report at December 2019 IESBA meeting

Slide11

Proposed Terms of Reference

Key Components – Phase 2 BackgroundObjectives FocusApproachDeliverablesCompositionPhase 2 – commencing January 2019

Proposed scope and approach to be informed by Phase 1 work and included in Phase 1 final report

Learnings from approach to research and analysis in Phase 1 expected to result in accelerated progress of Phase 2 and beyond efforts

Slide12

Proposed Terms of Reference

Matters for IESBA ConsiderationBackgroundObjectives FocusApproachDeliverablesComposition

Board’s View and reaction to?

D. Approach

E. Deliverables

Slide13

Work plan for Q1 2019 (subject to ToR approval)

Slide14