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
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Slide1
Technology
Patricia Mulvaney, IESBA Member, Technology Working Group Chair
IESBA
Meeting
New York, USA
December 3-5,
2018
Slide2To 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
Slide3Proposed Terms of Reference
Slide4Proposed 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
Proposed Terms of Reference
Basis for proposed way forward
Slide6Proposed 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
Slide7Proposed 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
Slide8Proposed Terms of Reference
Matters for IESBA ConsiderationBackgroundObjectives FocusApproachDeliverablesComposition
Board’s View and reaction to?
A. Background
B. Objectives
C. Focus
Slide9Proposed 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)
Slide10Proposed 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
Slide11Proposed 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
Slide12Proposed Terms of Reference
Matters for IESBA ConsiderationBackgroundObjectives FocusApproachDeliverablesComposition
Board’s View and reaction to?
D. Approach
E. Deliverables
Slide13Work plan for Q1 2019 (subject to ToR approval)
Slide14