Documenti di Didattica
Documenti di Professioni
Documenti di Cultura
I. COSO
(COMMITTEE OF SPONSORING
ORGANIZATIONS OF THE TREADWAY
COMMISSION)
I. History
II. Vision
III. Mission
IV. Address
V. Boards of Director
VI. Standards
I. History
COSO was organized in 1985 to sponsor the National Commission on Fraudulent
Financial Reporting, an independent private‐sector initiative that studied the causal factors that
can lead to fraudulent financial reporting. It also developed recommendations for public
companies and their independent auditors, for the SEC and other regulators, and for
educational institutions.
The National Commission was sponsored jointly by five major professional
associations headquartered in the United States: the American Accounting Association (AAA),
the American Institute of Certified Public Accountants (AICPA), Financial Executives
International (FEI), The Institute of Internal Auditors (IIA), and the National Association of
Accountants (now the Institute of Management Accountants [IMA]). Wholly independent of
each of the sponsoring organizations, the Commission included representatives from industry,
public accounting, investment firms, and the New York Stock Exchange.
The first chairman of the National Commission was James C. Treadway, Jr.,
Executive Vice President and General Counsel, Paine Webber Incorporated and a former
Commissioner of the U.S. Securities and Exchange Commission. Hence, the popular name
"Treadway Commission." Currently, the COSO Chairman is Robert Hirth.
COSO’s goal is to provide thought leadership dealing with three interrelated
subjects: enterprise risk management (ERM), internal control, and fraud deterrence.
Regarding ERM, in 2004 COSO issued Enterprise Risk Management — Integrated
Framework. COSO has also published several thought papers beginning in 2009 relating to ERM.
These thought papers are available for free download.
Regarding internal control, in 1992, COSO published Internal Control — Integrated
Framework. This framework was revised and reissued in May 2013. Effective December 15,
2014, the 1992 framework is superseded and no longer available. In 1996, COSO issued Internal
Control Issues in Derivatives Usage. In 2006, COSO published Internal Control over Financial
Reporting — Guidance for Smaller Public Companies, followed by Guidance on Monitoring
Internal Control Systems, published in 2009. Effective December 15, 2014, the 2006 smaller
public company guidance is also superseded and no longer available.
Finally, in the area of fraud deterrence, COSO has published two research studies.
The first study released in 1999 was titled Fraudulent Financial Reporting: 1987‐1997. A
continuation study called Fraudulent Financial Reporting: 1998‐2007 was released in 2010.
II. Vision
COSO’s vision is to be a recognized thought leader in the global marketplace on the
development of guidance in the areas of risk and control which enable good organizational
governance and reduction of fraud.
III. Mission
The Committee of Sponsoring Organizations’ (COSO) mission is to provide thought
leadership through the development of comprehensive frameworks and guidance on enterprise
risk management, internal control and fraud deterrence designed to improve organizational
performance and governance and to reduce the extent of fraud in organizations.
IV. Address
For multi‐user licensing, please contact copyright@aicpa.org.
Copyrights/Reprints
To request English language licensing or permission to reprint COSO guidance in
part or in whole, download the Copyright Permission Request Form, complete it,
and email it to copyright@aicpa.org. Applicants should receive a response from the
AICPA permission team on behalf of COSO within 10 business days.
Translation Requests
To request permission to translate COSO guidance, download the Translation
Rights Request Form, complete it, and email it to jdabrow1@depaul.edu. Applicants
should receive a response within two weeks.
Media and Reporters Working on a News Story
Contact John Babinchak at John.Babinchak@theiia.org, +1‐407‐937‐1240.
General Information and Inquiries About COSO
Contact Joanna Dabrowska at jdabrow1@depaul.edu.
University Professor/Student Discounts
For information on discounts available to qualified university professors and their
students, please contact Joanna Dabrowska at jdabrow1@depaul.edu.
Policy for Acceptable Use of COSO Materials
V. Board of Directors
The COSO Board is made up of representatives from each of the five sponsoring
organizations, plus a chair who is elected by the five sponsoring organizations' board
representatives.
Chairman Robert B. Hirth, Jr
Bob Hirth serves as COSO Chair and was unanimously elected by the
board of its sponsoring organizations to serve a three year term
beginning June 1, 2013. His experience includes all of COSO’s mission
disciplines; Enterprise Risk Management, Internal Control and Fraud
Deterrence. He has worked on assignments and made presentations in
over 15 countries, serving more than 50 organizations and working
closely with board members, C‐level executives, finance and accounting
personnel and accounting firm partners and employees.
Most recently, he served as a Senior Managing Director of Protiviti, a
global internal audit and business risk consulting firm that operates in
22 countries. Prior to that, he was Executive Vice President, Global Internal Audit and a
member of the firm’s six‐person executive management team for the first ten years of
Protiviti’s development.
Douglas F. Prawitt, Ph.D., CPA
Douglas F. Prawitt represents the AAA on the COSO Board. He is the
Glen Ardis Professor of Accountancy at Brigham Young University,
where he teaches courses on financial statement auditing and
professional judgment. Doug’s research and writing has been published
in the premier academic journals and in the leading accounting
practitioner journals in his field. He is a coauthor of several books,
including a leading financial statement auditing textbook and a book on
the SEC’s role in corporate governance. He previously served on COSO
task forces relating to internal control in smaller public companies and enterprise risk
management. More recently, he served as a member of the AICPA Auditing Standards Board.
Doug has consulted extensively with a variety of accounting firms and other enterprises, large
and small.
The American Accounting Association (the AAA) promotes worldwide excellence in accounting
education, research, and practice. Founded in 1916, the AAA is a voluntary organization of
persons interested in accounting education and research. The mission of the AAA is to foster
worldwide excellence in the creation, dissemination, and application of accounting knowledge
and skills. Membership currently exceeds 8,000 academics and practitioners from around the
world.
Charles Landes, CPA
Charles E. Landes (Chuck) is Vice President Professional Standards and
Services Group for the AICPA. In this capacity, Chuck directs the technical
activities of the AICPA’s Audit and Attest Standards Team, which is
responsible for the technical activities of the Auditing Standards Board
(ASB) and the Accounting and Review Services Committee (ARSC). He is
also responsible for overseeing the activities of the AICPA’s Accounting
Standards team and Hotline team. Prior to joining the AICPA in October
2000, Chuck served as partner in charge of the accounting and auditing
practice of Barnes, Dennig & Co., a large local firm located in Cincinnati,
Ohio. He began his public accounting experience with Ernst & Whinney
(now known as Ernst & Young) and was also a member of KMG Main Hurdman.
The American Institute of Certified Public Accountants (AICPA) is the national professional
organization for all Certified Public Accountants. Its mission is to provide members with the
resources, information, and leadership that enable them to provide valuable services in the
highest professional manner to benefit the public as well as employers and clients.
Mitchell A. Danaher, CMA
Mitch Danaher was named Chairman of the Board of Financial
Executives International (FEI) in July 2014. He is Deputy Controller of
General Electric Co. and brings more than 30 years of experience in
accounting, financial reporting and advocacy to his role at FEI. Mr.
Danaher served as a board member on the U.S. Delegation to the
International Accounting Standards Committee from 1997 to 2000 and
as a member of the FASB's Emerging Issues Task Force from 2003 to
2011. He has been a member of the FEI Board of Directors for three
years, serving most recently as Vice Chairman of the Board.
Financial Executives International (FEI), founded in 1931, provides
exclusive peer networking for chief financial officers, controllers, treasurers, tax executives and
finance and accounting professors in academia. FEI is the leading advocate for the views of
corporate financial management and enhances member professional development through
peer networking, career planning services, conferences, publications, and special reports and
research. Our 15,000 members participate in the activities of 85 chapters, 74 in the U.S. and 11
in Canada.
Sandra Richtermeyer, PhD., CMA, CPA
Sandra B. Richtermeyer represents the IMA on the COSO Board. She is
the 2011‐2012 IMA Chair Emeritus and served as IMA Chair in 2010‐
2011. She is also Professor and Chair of the Department of Accountancy
and Business Law at Xavier University. In addition to her academic
background, she worked as a CPA for many years in Denver, Colorado
with a focus on compliance, assurance and systems implementation and
design. She works actively with a variety of professional organizations
and is a frequent speaker on topics such as financial leadership,
governance, technology integration performance measurement. Her
research and teaching interests are in the areas of enterprise systems, corporate governance,
managerial and nonprofit accounting. She has authored many articles in both academic and
practitioner publications and has over 20 years of experience on boards and technical
committees.
IMA® (Institute of Management Accountants), the association of accountants and financial
professionals in business, is one of the largest and most respected associations focused
exclusively on advancing the management accounting profession. Globally, IMA supports the
profession through research, the CMA® (Certified Management Accountant) program,
continuing education, networking and advocacy of the highest ethical business practices. IMA
has a global network of more than 70,000 members in 140 countries and 300 professional and
student chapters. Headquartered in Montvale, N.J., USA, IMA provides localized services
through its four global regions: The Americas, Asia/Pacific, Europe, and Middle East/Africa.
Richard F. Chambers, CIA, QIAL, CGAP, CCSA, CRMA
Richard Chambers is president and CEO of The Institute of Internal
Auditors (IIA). He took the helm of The IIA in January 2009 and brings
nearly four decades of internal audit, accounting, and financial
management leadership to this position. His career history includes
work in both the private and public sector, including a position with the
U.S. Government Accountability Office and chief audit executive (CAE)
positions at three of the U.S. Government’s largest organizations.
Following his government career, Chambers worked with The IIA as vice
president of The Learning Center and executive director of The IIA
Research Foundation (IIARF). In 2004, Chambers joined
PricewaterhouseCoopers, where he most recently served as national
practice leader in Internal Audit Advisory Services.
The Institute of Internal Auditors (IIA) is the internal audit profession’s most widely recognized
advocate, educator, and provider of standards, guidance, and certifications. Established in
1941, The IIA today serves more than 190,000 members from more than 170 countries and
territories. The association’s global headquarters are in Lake Mary, Fla.
II. NAC
(NATIONAL ACCOUNTING COUNCIL)
I. History
II. Vision
III. Mission
IV. Address
V. Board of Director
VI. Standards
- CIFRS
- CAS
I. History
The National accounting council is compiled to reflect the organizational structures,
operational activities, related legal documents, accounting standards, financial reporting and
auditing standards that have been introduced by the Prakas of Ministry of Economy and finance
after approval of NAC council and this document will be the benefits for understanding of
business entities, business persons and the public together effectively implement them. I
expect that this website is of value and vital to all users, whether in business, education or
applies research works to understand the conceptual framework of accounting and auditing in
Cambodia and future development of this field. In the name of chairman of National accounting
council. I would like to convey my high appreciation to members, colleagues, and staff of the
Nation Accounting council, national and international institution/ Organization, companies,
enterprises, and development partners for their valuable time and efforts, resource, intellectual
and physical strengths to successfully make this publication happened and I strongly hope that
those organizations will continue to support and promote the development of the accounting
and auditing filed in Cambodia.
21 April 1999 Created Research commission on international accounting standards
which comprised of 7 persons lead by his excellency NgyTayi
08 July 2002 Established the National Accounting council under the law on corporate
accounts, their audits, and accounting Professions.
03 March 2003 Anukret on the composition and Functioning of the National
accounting council.
II. Vision
The National Accounting council is a regulatory body of Royal Government of
Cambodia who determine to bring about the transparency , good government and
responsibility through the use and application of accounting , auditing and reporting standards
to all enterprises operating in Cambodia.
III. Mission
The national accounting council’s mission is to develop and promote high quality
accounting , auditing and reporting standards that are consistent with international standards
for the benefits of users, preparers , auditors and the public in Cambodia.
In the pursuit of its mission, the NAC is guided by a clear set of Policy objectives:
To develop high quality, clear and enforceable accounting auditing and reporting
standards for financial reporting that benefit users.
To promote the use and application of those standards by way of communication
with and education of users, preparers, auditors and the public.
To promote and support research in the area of accounting, auditing and financial
reporting.
IV. Address
Address: st.92, Sangkat Wat Phnom, Khan Daun Penh, Phnom Penh, Cambodia
Tel:(855)‐23‐991‐036
Fax:(855)‐23‐990‐663
Email:info@naccambodia.gov.kh
V. Boards of Director
1. Representatives from the Ministry of Economy and Finance
H.E. Ngy Tayi President
H.E. Chhun Sambath Member
2. Representatives from the Kampuchea Institute of certified Public accountants
and auditors
Mr. Nge Huy Member
Mr. Khoy Kimleng Member
3. Representatives from the National Bank of Cambodia
Mr. Rath Sovannorrak Member
Mr. Ou Chandara Member
4. Representatives from the Ministry of Education, Youth and sport
Mr.Seng Saron Member
5. Representatives from the Cambodia Chamber of commerce
H.E.Heng Vanda Vice‐President
Mrs. Hout Channimul Member
6. Representatives from the Ministry of Justice
Mr. Cheng Kimheang Member
7. Representatives from the Ministry of Commerce
Mr. Kaing Socheat Member
Note: All representatives, except a representative from the Ministry of Justice, must have
degree and at least five years of practical experiences in accounting and or auditing.
III. IASB
(INTERNATIONAL ACCOUNTING STANDARDS
BOARD)
I. History
II. Vision
III. Mission
IV. Address
V. Boards of Director
VI. Standards
‐ International Financial Reporting Standards
(IFRS)
‐ International Accounting Standards (IAS)
‐ International Financial Reporting (IFRIC)
‐ Standing Interpretation Committee (SIC)
I. History
In 1986, the International Group of Agencies & Bureaus (IGAB) was founded by Ms.
Dottie Walters. In July 2000, the IGAB Board of Governors voted to form a separate
organization called the International Association of Speakers Bureaus (IASB). In 2002, IGAB
merged with IASB. IASB became incorporated as a nonprofit organization in Indiana on July 1,
2002. In 2010, the organization moved its headquarters to Arizona.
II. Vision
Our Vision is that every organization providing speakers in the global marketplace through
representation, and adheres to the standards and professional practices of the association, is a
member of IASB.
III. Mission
The Mission of the International Association of Speakers Bureaus (IASB) is to
provide global leadership in facilitating the exchange of ideas and expertise, advocating for our
value, and promoting standards of excellence, for the speaker bureau industry.
IV. Address
Contact details
International Accounting Standards Board
30 Cannon Street
London, EC4M 6XH
United Kingdom
Phone: +44 (0)20 7246 6410
Fax: +44 (0)20 7246 6411
email: info@ifrs.org
Website: www.ifrs.org
V. Boards of Director
a. Hans Hoogervorst, Chairman
Hans Hoogervorst (74x107)Hans Hoogervorst began his initial term
on 1 July 2011, succeeding Sir David Tweedie on his retirement as chairman of
the IASB at the end of June 2011. Mr Hoogervorst was previously the chairman
of the Netherlands Authority for the Financial Markets (AFM), the Dutch
securities and market regulator, chairman of the Technical Committee of the
International Organization of Securities Commissions (IOSCO) and co‐chair of
the Financial Crisis Advisory Group (FCAG), an independent body of senior
leaders formed to advise accounting standard‐setters on their response to the global financial crisis. Mr
Hoogervorst holds a Masters degree in modern history (University of Amsterdam, 1981) and a Master of
Arts degree in international relations (Johns Hopkins University school of advanced international
relations, majoring in international economics and Latin American studies). Mr Hoogervorst's initial term
expired in June 2016, he was reappointed for a second term.
b. Sue Lloyd, Vice‐Chair
lloydSue Lloyd was appointed to the IASB as of 1 January 2014; in
October 2016 she was appointed Vice‐Chair of the IASB as off 1 November 2016.
Ms Lloyd was a Senior Director of Technical Activities at the IASB and responsible
for leading the technical staff in the development of new IFRSs. Ms Lloyd is
originally from New Zealand and a former member of the Australian Accounting
Standards Board. Before joining the IASB's staff as Director of Capital Markets,
with responsibility for the IASB’s work to reform the accounting for financial
instruments, she held various senior positions within the banking sector in the
United Kingdom and in Australasia. Her term expires 31 December 2018.
c. Nick Anderson
Mr Anderson joined the Board from Janus Henderson Investors in the UK. He
was a member of the UK Accounting Standards Board from 2007 to 2013 and a
founding member of the Corporate Reporting Users’ Forum (CRUF). His first
term expires 31 August 2022.
d. Martin Edelmann
Martin EdelmannBefore joining the Board, Martin Edelmann was a senior
adviser at German consultancy firm (Zeb). He previously served as a member of
the German Accounting Standards Board from 2006 until 2011. He is a former
Head of Group Reporting at Deutsche Bank AG, where he was responsible for
internal and external reporting activities between 1997 and 2011. Mr Edelmann
was a member of the Accounting Working Group of the German Banking
Association for 14 years and served as Chairman from 2004‐2011. His second
term expires 30 June 2022.
e. Françoise Flores
Francoise FloresFrançoise Flores served as Chief Executive Officer of
the European Financial Reporting Advisory Group (EFRAG) and Chairman of
EFRAG’s Technical Expert Group (TEG) until April 2016. Before joining the Board in
2017, she had returned to work as a partner at accountancy firm Mazars in Paris,
France. Her term expires 31 December 2021.
f. Amaro Luiz de Oliveira Gomes
Amaro Gomes was appointed to a five‐year term as a full‐time
member of the IASB as of 1 July 2009. Before joining the IASB, Mr Gomes was
Head of Financial System Regulation Department of the Central Bank of Brazil. In
that capacity, he played a leading role in the adoption of International Financial
Reporting Standards in Brazil. (All listed companies and all banks are required to
prepare and publish consolidated financial statements in full compliance with
IFRSs starting in 2010.) At the Central Bank of Brazil, Mr Gomes was responsible
for drafting regulatory proposals on such matters as Basel II implementation,
money laundering, accounting and auditing, microfinance, and prudential requirements. From 2004 to
2009, he served on the Accounting Task Force of the Basel Committee on Banking Supervision. Before
joining the Central Bank, Mr Gomes was an auditor with one of the international audit firms. He is co‐
author of a book Accounting for Financial Institutions. His term expires 30 June 2019.
g. Gary Kabureck
Gary Kabureck (75 x 110)Gary Kabureck served as the Chief Accounting
Officer for Xerox Corporation from 2001 (and from 2003 also as a Corporate Vice
President). Prior to joining Xerox in 1985, Mr Kabureck spent ten years working
with one of the international audit firms. He is also an active member of Financial
Executives International (FEI) and has served on a range of other advisory boards,
including to the Public Company Accounting Oversight Board (PCAOB) and the US
Financial Accounting Standards Board (FASB). Mr Kabureck earned a Bachelor of
Science degree in Accounting from the University of Bridgeport, holds a Masters of
Business Administration, and is a Certified Public Accountant. His second term expires 30 June 2022.
h. Jianqiao Lu
Dr Jianqiao Lu was appointed to a five‐year term as a full‐time
member of the IASB as of 1 August 2017. Before joining the IASB, Dr Lu was
Director of the Accounting Regulatory Department of the Chinese Ministry of
Finance and in charge of Chinese accounting standard‐setting. He represented the
China Accounting Standards Committee on the IASB's Accounting Standards
Advisory Forum (ASAF) and regularly contributed to the meetings of the IASB's
Emerging Economies Group (EEG). Dr Lu is also known for his important
contributions to the work of the Asian‐Oceanian Standard‐Setters Group (AOSSG).
His term expires 31 July 2022.
i. Takatsugu (Tak) Ochi
Tagatsugu OchiTakatsugu (Tak) Ochi joined as a member of the IASB
from 1 July 2011. Mr Ochi was previously Assistant General Manager, Financial
Resources Management Group of Sumitomo Corporation. He was also a member of
the IFRS Interpretations Committee, Secretary‐General of the Nippon Keidanren
(Japan Business Federation) Taskforce for early adoption of IFRS and an adviser to
the Accounting Standards Board of Japan (ASBJ). He studied Economics at Kobe
University, Japan. Mr Ochi's second term expires 30 June 2019.
j. Darrel Scott
Darrel Scott was formerly CFO of the FirstRand Banking Group, one of the largest
financial institutions in South Africa. He had responsibility for both statutory and
regulatory financial reporting under the Basel II Accords and served on various
Governance, Risk, Operation and Strategic Committees of the Group. Mr Scott was
also a member of the IASB’s International Financial Reporting Interpretations
Committee (IFRIC), a position from which he resigned to become an IASB member,
and was formerly a member of the IFRS Foundation’s Standards Advisory Council
(SAC), now called the IFRS Advisory Council. Mr Scott joined the IASB as a board
member in October 2010. His second term expires 30 June 2020.
k. Tom Scott
Tom Scott has been an academic in the field of accounting at various universities in
Canada since the late 1970s. Most recently, he acted as a Director and Professor of
Accounting at the School of Accounting and Finance, University of Waterloo,
Canada. He also served as a member of the Canadian Accounting Standards Board
from 2003 to 2011. Mr Scott joined the IASB as a board member in April 2017. His
first term expires 31 March 2022.
l. Chungwoo Suh
Chungwoo SuhChungwoo Suh served as an advisor to the Korea Accounting
Standards Board (KASB) and was a Professor of Accounting at Kookmin University,
Seoul before joining the Board. He served as Chairman of the KASB between 2008
and 2011, has a Ph.D in Accountancy from the University of Illinois, and an MBA
from Seoul National University. Dr Suh has served as a member of various
committees, including the IFRS Advisory Committee, Korea Exchange Listing
Committee and Committee for Corporate Governance. His second term expires 30
June 2022.
m. Ann Tarca
Ann TarcaProfessor Tarca joined the IASB from the University of Western
Australia. She served as a member of the Australian Accounting Standards Board
(AASB) from 2014 to 2017 and was Research Director for the AASB from February
2017. She was an academic fellow of the IFRS Foundation from 2011 to 2012. Her
first term expires 30 June 2022.
n. Mary Tokar
Mary TokarMary Tokar has been the global leader for KPMG’s International
Financial Reporting Group, leading the firm's dialogue with the global accounting
regulatory and standard‐setting communities. Having worked with engagement
teams and clients around the world in their transition to and application of IFRS,
she has gained extensive experience in the application of IFRSs in both developed
and emerging economies. Previously, Ms Tokar worked at the US Securities and
Exchange Commission (SEC) as the Senior Associate Chief Accountant,
International, in the Chief Accountant’s Office. Ms Tokar was a member of the IFRS
Interpretations Committee between 2001 and 2007. Her second term expires 30 June 2022.
IV. FASB
(FINANCIAL ACCOUNTING STANDARDS BOARD)
I. History
II. Vision
III. Mission
IV. Address
V. Boards of Director
VI. Standards
‐ Accounting Standard Update
‐ Concept Standard
I. History
Established in 1973, the Financial Accounting Standards Board (FASB) is the
independent, private‐sector, not‐for‐profit organization based in Norwalk, Connecticut, that
establishes financial accounting and reporting standards for public and private companies and
not‐for‐profit organizations that follow Generally Accepted Accounting Principles (GAAP).
The FASB is recognized by the Securities and Exchange Commission as the designated
accounting standard setter for public companies. FASB standards are recognized as
authoritative by many other organizations, including state Boards of Accountancy and the
American Institute of CPAs (AICPA). The FASB develops and issues financial accounting
standards through a transparent and inclusive process intended to promote financial reporting
that provides useful information to investors and others who use financial reports.
The Financial Accounting Foundation (FAF) supports and oversees the FASB. Established in
1972, the FAF is the independent, private‐sector, not‐for‐profit organization based in Norwalk,
Connecticut responsible for the oversight, administration, financing, and appointment of the
FASB and the Governmental Accounting Standards Board (GASB).
II. Vision
A Vision of the future the Report Concludes that FASB intends to maintain its
leadership role in standard Setting and to ensure that the standard used in the US capital
markets are the highest possible quality.
III. Mission
The collective mission of the FASB, the Governmental Accounting Standards Board
(GASB) and the FAF is to establish and improve financial accounting and reporting standards to
provide useful information to investors and other users of financial reports and educate
stakeholders on how to most effectively understand and implement those standards.
IV. Address
Financial Accounting Standards Board
401 Merritt 7
P.O. Box 5116
Norwalk, Connecticut 06856‐5116
Telephone: (203) 847‐0700
Fax: (203) 849‐9714
Information for Ordering FASB Publications and Subscription Services
V. Boards of Director
The seven members of the FASB serve full time and, to foster their independence,
are required to sever connections with the firms or institutions they served before joining the
Board. While they individually have diverse backgrounds, each has a concern for investors,
other users, and the public interest in matters of accounting and financial reporting and they
collectively have "knowledge of accounting, finance, business, accounting education, and
research.”
Board members are appointed for five‐year terms and are eligible for reappointment to one
additional five‐year term. Expiration dates (on June 30) of current terms are indicated.
Russell G. Golden, Chairman
Russell G. Golden began his term as the seventh chairman of the Financial
Accounting Standards Board (FASB) on July 1, 2013, reappointed in 2016 to
a second term that extends his chairmanship to June 30, 2020. He was
originally named to the FASB in 2010, after serving for six years on the FASB
staff. From 2008 to September 2010, he was Technical Director of the
FASB, overseeing FASB staff work on accounting standards and technical
application and implementation activities. He also chaired the FASB’s
Emerging Issues Task Force (EITF).
James L. Kroeker, Vice Chairman
James L. Kroeker was appointed a member and vice chairman of the FASB
on September 1, 2013. His first term concludes on June 30, 2018, and is
eligible for reappointment to a se cond term. In the latter role, he assists
the FASB chairman in representing the Board to external stakeholders and
in conducting its internal operations, in addition to serving as a voting
member of the Board. Mr. Kroeker joined the FASB from Deloitte, where he
served as the Deputy Managing Partner for Professional Practice. Prior to
joining Deloitte in January 2013, he served as the Chief Accountant of the
Securities and Exchange Commission from January 2009 until his departure in 2012. In that
capacity, Jim served as the senior accounting professional for the Commission and the principal
advisor to the Commission on all accounting and auditing matters. He also was responsible for
resolution of a wide range of globally significant accounting and auditing issues.
Christine Ann Botosan, Board Member
Christine Ann Botosan joined the Financial Accounting Standards Board
(FASB) o n July 1, 2016. Her first term concludes on June 30, 2021, and is
eligible for reappointment to a second term. Prior to joining the Board, Ms.
Botosan served as a professor of accounting at the David Eccles School of
Business at the University of Utah. An award‐winning professor and
researcher, Ms. Botosan has a broad knowledge of accounting issues, with
particular expertise in the areas of financial statement analysis and
valuation. Ms. Botosan has served in a variety of roles during her tenure at the David Eccles
School of Business at the University of Utah. In addition to her tenure as a professor, she served
as a leadership fellow in the office of the vice president and as the George S. and Dolores Dore
Eccles Presidential Chair in Ethical Financial Reporting.
Marsha L. Hunt, Board Member
Marsha L. Hunt joined the Financial Accounting Standards Board (FASB) July
1, 2017. Her first term concludes June 30, 2022, and she is eligible for
reappointment to a second term. Ms. Hunt previously served as Vice
President and Corporate Controller for Cummins Inc. where she was
responsible for external reporting, consolidation, finance systems,
accounting policy, insurance risk management and Sarbanes Oxley
compliance. She also served as a trustee of the Cummins UK pension
schemes, and as a board member of the company’s largest US based joint
venture. As a preparer of financial statements, she brings vast experience
and broad knowledge of financial accounting and reporting issues facing large public
companies.
Harold L. Monk, Jr., Board Member
Harold L. Monk Jr. joined the FASB on January 1, 2017. His first term
concludes on June 30, 2022, and is eligible for reappointment to a second
term. Prior to joining the Board, Mr. Monk served as a partner with Carr,
Riggs & Ingram, LLC. During his six years with the firm, he provided auditing
and attestation, accounting, tax, forensic accounting, and M&A services to
public and private companies of all sizes in various industries. Mr. Monk
brings a strong private company financial reporting perspective to the FASB,
and has served on both the Private Company Council and the Financial
Accounting Standards Advisory Council.
R. Harold Schroeder, Board Member
R. Harold “Hal” Schroeder joined the FASB in February 2011, reappoin ted
to a second term in 2015. His second and final term concludes on June 30,
2021. Mr. Schroeder is a CPA who brings over 30 years of diverse
experience in investing and financial reporting to the FASB. Most notably,
he brings a strong investor perspective to the FASB, with more than 15
years of experience working with all facets of the investment community.
During his career, he has viewed the preparation of financial statements
and the application of accounting standards from varying perspectives
including auditor, preparer and investor. Prior to joining the Board, Mr.
Schroeder was a partner at Carlson Capital, L.P., a Dallas‐based money manager with assets
under management of over $6 billion.
Marc A. Siegel, Board Member
Marc A. Siegel was appointed to the FASB in 2008, reappointed to a second
five‐year term in 2013. His second and final term concludes on June 30,
2018. In this role, he brings an investor p erspective to the Board that
establishes U.S. generally accepted accounting standards for private‐sector
entities, including businesses and not‐for‐profit organizations. A recognized
expert in forensic accounting, Mr. Siegel has 20 years of experience in
diverse and global industries that include technology, media,
telecommunications, healthcare, retail, and insurance. Prior to his
appointment to the FASB, he led the Accounting Research and Analysis
team at the RiskMetrics Group in Rockville, Maryland.
V. IPSASB
(INTERNATIONAL PUBLIC SECTOR
ACCOUNTING STANDARDS BOARD)
I. History
II. Vision
III. Mission
IV. Address
V. Boards of Director
VI. Standards
‐ IPSAS
I. History
Since 1997, the IPSASB has developed and issued a suite of 38 accrual standards
(four of which have been, or are in the process of being, withdrawn), three recommended
practice guidelines, which provide guidance on the broader areas of financial reporting outside
the financial statements, and a cash basis standard for countries moving toward full accrual
accounting. In October 2014 the IPSASB issued the first global conceptual framework for public
sector entities. This underpins IPSASB’s standard‐setting and guidance development activities.
Governments that report on a cash basis do not account for significant liabilities, such as
employee pensions and loans and assets such as property, plant and equipment and
investments The IPSASB encourages public sector entities to adopt the accrual basis of
accounting—which will improve financial management and increase transparency resulting in a
more comprehensive and accurate view of a government’s financial position. Many
governments, jurisdictions, and international institutions have already adopted IPSASs—many
more are on the road to convergence.
In 2015 following the report of the IPSASB Governance Review Group, the Public Interest
Committee (PIC) was established. The PIC’s remit is to provide assurance that the IPSASB’s
standard‐setting activities are in the public interest by providing recommendations on:
The terms of reference of the IPSASB;
The arrangements for nomination and appointment of IPSAB members;
and
The procedures and processes for formulation of the IPSASB’s strategy
and work plan; and development of IPSASs.
It currently is comprised of individuals from the International Monetary Fund,
International Organization of Supreme Audit Institutions, Organization for Economic Co‐
operation and Development, and the World Bank Group. The minutes of the PIC meetings and
dates of upcoming meetings are available to the public.
II. Vision
This paper was the basis for a presentation by the chair to the IFAC Board. It was
developed based on the initial discussions of IPSASB about the need to consider a long‐term
vision. The paper outline some of the initial thoughts about what a long‐time vision might look
like and presents some ideas about possible approach to getting there.
III. Mission
International Public Sector Accounting Standards (IPSAS) are a set of accounting
standards issued by the IPSAS Board for use by Public sector entities around the world in the
preparation of financial statements. These standards are based on International Financial
Reporting Standards (IFRS) issued by the International Accounting Standards Board (IASB).
International Public Sector Accounting Standards (IPSAS) are a set of accounting standards
issued by the IPSAS Board for use by public sector entities around the world in the preparation
of financial statements. These standards are based on International Financial Reporting
Standards (IFRS) issued by the International Accounting Standards Board (IASB).
IV. Address
Contact details
Public Sector Accounting Standards Board
International Federation of Accountants
6th Floor
529 Fifth Avenue
New York NY 10017
Telephone: +1 212 286‐9344
Fax: +1 212 286‐9570
IPSASB Website: www.ifac.org/public‐sector
V. Boards of Director
Andreas Bergmann Chair, International Public Sector Accounting
Standards Board Andreas Bergmann became Chair of the International Public Sector
Accounting Standards Board (IPSASB) in 2010. He has been a public member of the
IPSASB since 2006. Dr. Bergmann is a Professor and Director Public Sector at the
Zurich University of Applied Sciences, School of Management and Law. In addition,
he is Advisor to public financial management reforms in Central Asia, Latin America,
South East Asia, and various international organizations. From 2003 to 2009, he was
the Scientific Advisor for the public sector accounting reforms at the federal and
state level in Switzerland. He was also a member and later Chair of the advisory
committee for GFSM2001/ESVG95 implementation in Switzerland. In 1999, he
joined Zurich University of Applied Sciences as a Senior Lecturer and became a full
Professor in 2002. Prof. Dr. Bergmann started his career as a business consultant before joining the
Ministry of Education of the State of Zurich as a Project Manager for NPM Reforms/Head of Controlling.
In 2010, Prof. Dr. Bergmann was a Visiting Professor at Victoria University in Wellington, New Zealand.
He holds a diploma from Lancaster University (UK), and a master's degree and a Ph.D. from St. Gallen
University (Switzerland).
VI. IFAC
(INTERNATIONAL FEDERATION OF
ACCOUNTING)
I. History
II. Vision
III. Mission
IV. Address
V. Boards of Director
VI. Standards
‐ International Auditing Assurance Standards Boards
(IAASB)
‐ International Accounting Education Standards Board
(IAESB)
‐ International Ethics Standards Board for Accountant
(IESBA)
‐ International Public Sector Accounting Standards
Board (IPSASB)
I. History
The International Federation of Accountants was founded on October 7, 1977, in
Munich, Germany, at the 11th World Congress of Accountants.
IFAC was established to strengthen the worldwide accountancy profession in the public interest
by:
Developing high‐quality international standards in auditing and assurance, public
sector accounting, ethics, and education for professional accountants and
supporting their adoption and use;
Facilitating collaboration and cooperation among its member bodies
Collaborating and cooperating with other international organizations
Serving as the international spokesperson for the accountancy profession.
At the first meeting of the IFAC Assembly and Council in October 1977, a 12‐point work
program was developed to guide IFAC committees and staff through the first five years of
activities. Many elements of this work program are still relevant today. Beginning with
63 founding members from 51 countries in 1977, IFAC's membership has grown to now include
over 175 members and associates in more than 135 countries and jurisdictions worldwide.*
II. Vision
IFAC’s vision is that the global accountancy profession be recognized as essential to
strong and sustainable organizations, financial markets, and economies.
III. Mission
IFAC serves the public interest and strengthens the accountancy profession by:
Supporting the development of high‐quality international standards. Promoting the adoption
and implementation of these standards. Building the capacity of professional accountancy
organizations; and Speaking out on public interest issues.
IV. Address
General Inquiries about the Organization
Tel: +1 (212) 286‐9344
Communications@ifac.org
529 5th Avenue
New York, New York 10017
Communications
Tony Mirenda, Head of Communications
+1‐212‐286‐9344
tonymirenda@ifac.org
Membership
Joseph Bryson, Deputy Director, Quality and Membership
+1 (212) 471‐8710
JosephBryson@ifac.org
Nominations
Elena Churikova, Senior Manager, Governance
+1 (212) 471‐8730
ElenaChurikova@ifac.org
Publications and/or Order Information
+1 (646) 350‐4940
ifac@ware‐pak.com
Reproduction and/or Translation Permissions
Permissions@ifac.org
Speaking Engagements
Russell Guthrie, Executive Director, Professional Relations, and CFO
RussellGuthrie@ifac.org
V. Boards of Director
Rachel Grimes, President
Australia
In‐Ki Joo, Deputy President
Korean Institute of Certified Public Accountants
Korea, Republic of
Philippe Arraou
Compagnie Nationale des Commissaires aux Comptes and Conseil
Supérieur de l'Ordre des Experts‐Comptables
France
William Balhoff
American Institute of CPAs
United States
Tommye Barie
American Institute of CPAs
United States
Carol Bellringer
CPA Canada
Canada
Norunn Byrkjeland
Nordic Federation of Accountants
Norway
Idésio da Silva Coelho, Jr.
Instituto dos Auditores Independentes do Brasil and Conselho Federal de
Contabilidade
Brazil
Elbano de Nuccio
Consiglio Nazionale dei Dottori Commercialisti e degli Esperti Contabili
Italy
Raphael Ding
Hong Kong Institute of Certified Public Accountants
Hong Kong (Special Administrative Region of China)
Michael Hathorn
Chartered Institute of Public Finance and Accountancy and the Institute of
Chartered Accountants of Scotland
United Kingdom
Alan Johnson
ACCA – Association of Chartered Certified Accountants
Portugal and United Kingdom
Gail McEvoy
Institute of Certified Public Accountants in Ireland
Ireland
Pamela Monroe Ellis
Institute of Chartered Accountants of Jamaica
Jamaica
Terence Nombembe
South African Institute of Chartered Accountants
South Africa
Sebastian Owuama
Institute of Chartered Accountants of Nigeria
Nigeria
Richard Petty
CPA Australia and Institute of Chartered Accountants in Australia
Australia
Asmaa Resmouki
Ordre Des Experts Comptables – Morocco
Morocco
Wienand Schruff
Institut der Wirtschaftsprüfer and Wirtschaftsprüferkammer
Germany
Shinji Someha
Japanese Institute of Certified Public Accountants (JICPA)
Japan
Yacoob Suttar
Institute of Chartered Accountant of Pakistan
Pakistan
Joy Thomas
CPA Canada
Canada
Zhiguo Yang
CICPA – Chinese Institute of Certified Public Accountants
China
VII. IIA
(The Institute of Internal Auditors)
I. History
II. Vision
III. Mission
IV. Address
V. Boards of Director
VI. Standards
- Attribute Standards
- Performance Standards
I. History
Established in 1941, The Institute of Internal Auditors (IIA) is an international
professional association with global headquarters in Lake Mary, Florida, USA. The IIA is the
internal audit profession's global voice, recognized authority, acknowledged leader, chief
advocate, and principal educator. Generally, members work in internal auditing, risk
management, governance, internal control, information technology audit, education, and
security.
Globally, The IIA has more than 185,000 members. The IIA in North America
comprises 160 chapters serving more than 70,000 members in the United States, Canada, the
Caribbean (Aruba, Bahamas, Barbados, Cayman Islands, Curacao, Jamaica, Puerto Rico, and
Turks & Caicos), Bermuda, Guyana, and Trinidad & Tobago. Members enjoy benefits offered by
the North American Service Center including local, national, and global professional
networking; world‐class training; certification; standards and guidance; research; executive
development; career opportunities; and more. Internal auditors throughout North America
enjoy free members‐only webinars and national conferences such as the General Audit
Management Conference, the Governance, Risk, and Control (GRC) Conference, and the All Star
Conference. The IIA’s Audit Executive Center provides chief audit executives relevant and
timely thought leadership and connections to peers for benchmarking and sharing best
practices. And resources such as IIA Quality Services make The Institute an indispensable
partner to you and your organization.
II. Vision
To Be The Best Institute In Africa Promoting Internal Audit Profession And Value Adding
Services To Members and Stakeholders.
III. Mission
The mission of The Institute of Internal Auditors is to provide dynamic leadership for
the global profession of internal auditing. Activities in support of this mission will include, but
will not be limited to:
Advocating and promoting the value internal audit professionals add to their
organizations.
IV. Address
Mailing Address
1035 Greenwood Blvd., Suite 401
Lake Mary, FL 32746 USA
Customer Relations
Phone: +1‐407‐937‐1111
Fax: +1‐407‐937‐1101
Email: CustomerRelations@theiia.org
V. Boards of Director
2017–18 Board of Directors
The Global Board of Directors comprises 38 directors.
Chairman of the Board
J. Michael Peppers, CIA, QIAL, CRMA
Chief Audit Executive
University of Texas System
USA
Senior Vice Chairman of the Board
Naohiro Mouri, CIA
Corporate Officer & Chief Internal Auditor
American International Group Japan
Japan
Vice Chairman – Finance
J. Michael Joyce Jr., CIA, CRMA
Vice President, Chief Auditor & Compliance Officer
Blue Cross Blue Shield Association
USA
Vice Chairman – Global Services
Karem Toufic Obeid, CIA, CCSA, CRMA
Chief Audit Executive
Tawazun Economic Council
United Arab Emirates
Vice Chairman – Professional Certifications
Charlotta Löfstrand Hjelm, CIA, QIAL
Chief Internal Auditor LFAB
Lansforsakringar AB
Sweden
Vice Chairman – Professional Guidance
Charles T. Wright, CIA
Director, Enterprise Risk Solutions
BKD, LLP
USA
Vice Chairman – Professional Practices
Jenitha John, CIA, QIAL
Chief Audit Executive
FirstRand Bank
South Africa
Vice Chairman – Research
Michael J. Fucilli, CIA, QIAL, CGAP, CRMA
Auditor General
Metropolitan Transportation Authority
USA
Past Chairman of the Board
Lawrence J. Harrington, CIA, QIAL, CRMA
Vice President Internal Audit
Raytheon Company
USA
Past Chairman of the Board
Angela Witzany, CIA, QIAL, CRMA
Head of Internal Audit
Sparkassen Versicherung AG
Austria
VIII. NAC
(NATIONAL ACCOUNTING COUNCIL)
I. History
II. Vision
III. Mission
IV. Address
V. Boards of Director
VI. Standards
- CSA
I. History
The National accounting council is compiled to reflect the organizational structures,
operational activities, related legal documents, accounting standards, financial reporting and
auditing standards that have been introduced by the Prakas of Ministry of Economy and finance
after approval of NAC council and this document will be the benefits for understanding of
business entities, business persons and the public together effectively implement them. I
expect that this website is of value and vital to all users, whether in business, education or
applies research works to understand the conceptual framework of accounting and auditing in
Cambodia and future development of this field. In the name of chairman of National accounting
council. I would like to convey my high appreciation to members, colleagues, and staff of the
Nation Accounting council, national and international institution/ Organization, companies,
enterprises, and development partners for their valuable time and efforts, resource, intellectual
and physical strengths to successfully make this publication happened and I strongly hope that
those organizations will continue to support and promote the development of the accounting
and auditing filed in Cambodia.
21 April 1999 Created Research commission on international accounting standards
which comprised of 7 persons lead by his excellency NgyTayi
08 July 2002 Established the National Accounting council under the law on corporate
accounts, their audits, and accounting Professions.
03 March 2003 Anukret on the composition and Functioning of the National
accounting council.
II. Vision
The National Accounting council is a regulatory body of Royal Government of
Cambodia who determine to bring about the transparency , good government and
responsibility through the use and application of accounting , auditing and reporting standards
to all enterprises operating in Cambodia.
III. Mission
The national accounting council’s mission is to develop and promote high quality
accounting , auditing and reporting standards that are consistent with international standards
for the benefits of users, preparers , auditors and the public in Cambodia.
In the pursuit of its mission, the NAC is guided by a clear set of Policy objectives:
To develop high quality, clear and enforceable accounting auditing and reporting
standards for financial reporting that benefit users.
To promote the use and application of those standards by way of communication
with and education of users, preparers, auditors and the public.
To promote and support research in the area of accounting , auding and financial
reporting.
IV. Address
Address: st.92, Sangkat Wat Phnom, Khan Daun Penh, Phnom Penh, Cambodia
Tel:(855)‐23‐991‐036
Fax:(855)‐23‐990‐663
Email:info@naccambodia.gov.kh
V. Boards of Director
8. Representatives from the Ministry of Economy and Finance
H.E. Ngy Tayi President
H.E. Chhun Sambath Member
9. Representatives from the Kampuchea Institute of certified Public accountants
and auditors
Mr. Nge Huy Member
Mr. Khoy Kimleng Member
10. Representatives from the National Bank of Cambodia
Mr. Rath Sovannorrak Member
Mr. Ou Chandara Member
11. Representatives from the Ministry of Education, Youth and sport
Mr.Seng Saron Member
12. Representatives from the Cambodia Chamber of commerce
H.E.Heng Vanda vice‐President
Mrs. Hout Channimul Member
13. Representatives from the Ministry of Justice
Mr. Cheng Kimheang Member
14. Representatives from the Ministry of Commerce
Mr. Kaing Socheat Member
Note: All representatives, except a representative from the Ministry of Justice, must have
degree and at least five years of practical experiences in accounting and or auditing.
IX. IAASB
(INTERNATIONAL AUDITING AND ASSURANCE
STANDARDS BOARD)
I. History
II. Vision
III. Mission
IV. Address
V. Boards of Director
VI. Standards
- International Standard on Audit (ISA)
- International Standard on Quality Control (ISQC)
- International Standard on Reviews Engagement
(ISAE)
- International Standards on Related Service (ISRS)
I. History
The International Auditing and Assurance Standards Board (IAASB) was founded in
March 1978. It was previously known as the International Auditing Practices Committee(IAPC).
The IAPC’s initial work focused on three areas: object and scope of audits of financial
statements, engagement letters, and general auditing guidelines. In 1991, the IAPC’s guidelines
were recodify as International Standards on Auditing (ISAs).
In 2001, a comprehensive review of the IAPC was undertaken, and in 2002, the IAPC was
reconstituted as the International Auditing and Assurance Standards Board (IAASB). In 2003,
IFAC approved a series of reforms designed, among other things, to further strengthen its
standard‐setting processes, including those of the IAASB, so that they are responsive to the
public interest.
In 2004, the IAASB began the Clarity Project, a comprehensive program to enhance the clarity
of its ISAs. This program involved the application of new conventions to all ISAs, either as part
of a substantive revision or through a limited redrafting to reflect the new conventions and
matters of clarity generally.
II. Vision
The IAASB’s objective is to serve the public interest by setting high quality auditing
and assurance standards and by facilitating the convergence of international and national
auditing and assurance standards, thereby enhancing the quality and consistency of practice
throughout the world and strengthening public confidence in the global auditing and assurance
profession.
Over 125 countries are using or are in the process of adopting or incorporating international.
Standards on Auditing (ISAs), issued by the IAASB. Into their national auditing standards or
using them as basis for preparing national auditing standards.
III. Mission
The IAASB’s mission is to enhance the quality and uniformity of practice throughout
the world and to strengthen public confidence in the global auditing and assurance profession.
IV. Address
General Inquiries About the Organization
Tel: +1 (212) 286‐9344
Communications@ifac.org
529 5th Avenue
New York, New York 10017
Communications
Tony Mirenda, Head of Communications
+1‐212‐286‐9344
tonymirenda@ifac.org
Membership
Joseph Bryson, Deputy Director, Quality and Membership
+1 (212) 471‐8710
JosephBryson@ifac.org
Nominations
Elena Churikova, Senior Manager, Governance
+1 (212) 471‐8730
ElenaChurikova@ifac.org
Publications and/or Order Information
+1 (646) 350‐4940
ifac@ware‐pak.com
Reproduction and/or Translation Permissions
Permissions@ifac.org
Speaking Engagements
Russell Guthrie, Executive Director, Professional Relations, and CFO
RussellGuthrie@ifac.org
V. Boards of Director
Rachel Grimes, President
Australia
In‐Ki Joo, Deputy President
Korean Institute of Certified Public Accountants
Korea, Republic of
Philippe Arraou
Compagnie Nationale des Commissaires aux Comptes and Conseil
Supérieur de l'Ordre des Experts‐Comptables
France
William Balhoff
American Institute of CPAs
United States
Tommye Barie
American Institute of CPAs
United States
Carol Bellringer
CPA Canada
Canada
Norunn Byrkjeland
Nordic Federation of Accountants
Norway
Idesio da Silva Coelho, Jr.
Instituto dos Auditores Independentes do Brasil and Conselho Federal
de Contabilidade
Brazil
Elbano de Nuccio
Consiglio Nazionale dei Dottori Commercialisti e degli Esperti Contabili
Italy
Raphael Ding
Hong Kong Institute of Certified Public Accountants
Hong Kong (Special Administrative Region of China)
Michael Hathorn
Chartered Institute of Public Finance and Accountancy and the Institute
of Chartered Accountants of Scotland
United Kingdom
Alan Johnson
ACCA – Association of Chartered Certified Accountants
Portugal and United Kingdom
Gail McEvoy
Institute of Certified Public Accountants in Ireland
Ireland
Pamela Monroe Ellis
Institute of Chartered Accountants of Jamaica
Jamaica
Terence Nombembe
South African Institute of Chartered Accountants
South Africa
Sebastian Owuama
Institute of Chartered Accountants of Nigeria
Nigeria
Richard Petty
CPA Australia and Institute of Chartered Accountants in Australia
Australia
Asmaa Resmouki
Ordre Des Experts Comptables – Morocco
Morocco
Wienand Schruff
Institut der Wirtschaftsprüfer and Wirtschaftsprüferkammer
Germany
Shinji Someha
Japanese Institute of Certified Public Accountants (JICPA)
Japan
Yacoob Suttar
Institute of Chartered Accountant of Pakistan
Pakistan
Joy Thomas
CPA Canada
Canada
Zhiguo Yang
CICPA – Chinese Institute of Certified Public Accountants
China
X. SAB
(STANDARDS ON AUDITING BOARD)
I. History
II. Vision
III. Mission
IV. Address
V. Boards of Director
VI. Standards
- SASs
- SSAEs
- SSARSs
- SSTs
- ISQCs
I. History
Set up in 2010 as one element of the broad‐based black economic empowerment
transaction conducted by South African Breweries Ltd (SAB), the SAB Foundation is an
independent trust that annually invests millions of rands towards developing entrepreneurship
in South Africa.
The SAB Foundation holds 8.4 million SAB Ltd shares and applies the dividend and special
dividend income received from these shares for the benefit of the wider South African
community.
SAB Foundation was the first organization in South Africa to received tax exemption as a is
registered as a tax exempt Small Business Funding Entity under section 10(1)(cQ) of the Income
Tax Act.
The object of the SAB Foundation is as follows:
The provision of funding for small, medium and micro‐sized enterprises, in order to contribute
to the economic and social empowerment of historically disadvantaged persons, primarily (but
not necessarily exclusively) by means of entrepreneurship development and with a priority
focus on providing opportunities within small, medium and micro‐sized enterprises for women
and youth in the rural areas, as well as persons with disabilities.
II. Vision
To be most admired Beverage Company in the world; a partner of choice, an
investment of choice and an employer of choice.
III. Mission
We bring refreshment and sociability, improve livelihoods and help build local
communities our values underpin everything we do. Our values epitomize the enduring beliefs
that are at the heart of our business.
IV. Address
School of American Ballet 70 Lincoln center York. NY 10023‐6592
Phone: 212‐769‐6600
Fax: 212‐769‐4897
V. Boards of Director
Current Board Member
Board member Representing industry
Darrel R. Schubert (Chair) Big Four (Ernst & Young LLP)
Sheila Birch Ciuni&Panichi,lnc
Emest F. Baugh, Jr Mayer Hoffman McCam P C
Brian Bluhm EideBailly LLP
Robert E. Chevalier Big Four (KPMG)
Jacob Cohen Walpert and Woipoff, LLP (ret)
David D. Duree Elms, Faris& Company, LLP
Charles Frasier Frasier, Dean & Howard
Andrew M. Mintzer Sole Practioner
David Momis Morris Consulting
Kenneth R. Odom Rabren, Odom, Pierce, & Hayes, P.C.
Thomas A. Ratcliffe Wilson Price
Brian R. Richson Big Four (PricewaterhouseCoopers)
Randy C.Roberts Arizona Office of the Auditor General
Thomas Stemlar Arthur Andersen LLP (ret)
Mark H. Taylor Case Western Reserve University
H.Steven Vogel Wilson ElserMoskowitz Edelman & Dicker,LLP
Phil D. Wedemeyer Grant Thornton LLP
Megan Zietsman Big Four (Deloitte & Touche)
XI. AICPA
(AMERICAN INSTITUTE CERTIFIED PUBLIC OF
ACCOUNTANT)
I. History
II. Vision
III. Mission
IV. Address
V. Boards of Director
I. History
The American Institute of CPAs is the world’s largest member association representing
the accounting profession, with more than 418,000 members in 143 countries, and a history of
serving the public interest since 1887. AICPA members represent many areas of practice,
including business and industry, public practice, government, education and consulting.
The AICPA sets ethical standards for the profession and U.S. auditing standards for private
companies, nonprofit organizations, federal, state and local governments. It develops and
grades the Uniform CPA Examination, and offers specialty credentials for CPAs who concentrate
on personal financial planning;; forensic accounting;; business valuation;; and information
management and technology assurance. Through a joint venture with the Chartered Institute of
Management Accountants, it has established the Chartered Global Management Accountant
designation, which sets a new standard for global recognition of management accounting.
Founded in 1887, the AICPA represents the CPA profession nationally regarding rule‐
making and standard‐setting, and serves as an advocate before legislative bodies, public
interest groups and other professional organizations. The AICPA develops standards for audits
of private companies and other services by CPAs; provides educational guidance materials to its
members; develops and grades the Uniform CPA Examination; and monitors and enforces
compliance with the profession’s technical and ethical standards.
The AICPA’s founding established accountancy as a profession distinguished by rigorous
educational requirements, high professional standards, a strict code of professional ethics, a
licensing status and a commitment to serving the public interest.
II. Vision
Article: The AICPA is the world leader in driving vitality, relevance, and quality across the
accounting profession, furthering its trust and influence.
III. Mission
Powering the success of global business, CPAs, CGMAs and specialty credentials by
providing the most relevant knowledge, resources and advocacy, and protecting the evolving
public interest.
IV. Address
Member Service Center:
Email: service@aicpa.org
P: 888.777.7077
F: 800.362.5066
If you receive an AICPA email that you believe to be fraudulent, please forward it to:
AICPASpamReporting@gmail.com
Durham, North Carolina
220 Leigh Farm Road
Durham, North Carolina 27707‐8110
P: +1.919.402.4500
F: +1.919.402.4505
Ewing, New Jersey
Princeton South Corporate Center
100 Princeton South
Suite 200
Ewing, NJ 08628
P: +1.609.671.2902
F: +1.609.671.2922
New York, New York
1211 Avenue of the Americas
New York, NY 10036‐8775
P: +1.212.596.6200
F: +1.212.596.6213
Washington, D.C.
1455 Pennsylvania Ave., NW
Washington, DC 20004‐1081
P: +1.202.737.6600
F: +1.202.638.4512
V. Boards of Director
For Member Service Inquiries, please email service@aicpa.org.
Please note all applications for open positions should be submitted through our online
career portal only. All inquiries regarding job openings should be sent to Careers@aicpa.org.
Click here for speeches delivered by AICPA executives and volunteer leaders.
Senior Member Leaders
Kimberly N. Ellison‐Taylor, CPA, CGMA
Chairman, AICPA
Eric L. Hansen, CPA, CGMA
Vice Chair, AICPA
Executive Staff
Barry C. Melancon, CPA, CGMA
President and CEO
XII. PCAOB
(PUBLIC COMPANY ACCOUNTING OVERSIGHT
BOARD)
I. History
II. Vision
III. Mission
IV. Address
V. Boards of Director
VI. Standards
- Auditing Standards (AS)
- Ethics and Independence Rule
- Quality Control Standard
- Attestation Standard
I. History
The PCAOB is a nonprofit corporation established by Congress to oversee the audits of
public companies in order to protect investors and the public interest by promoting
informative, accurate, and independent audit reports. The PCAOB also oversees the audits of
brokers and dealers, including compliance reports filed pursuant to federal securities laws, to
promote investor protection.
The Sarbanes‐Oxley Act of 2002, which created the PCAOB, required that auditors of
U.S. public companies be subject to external and independent oversight for the first time in
history. Previously, the profession was self‐regulated.
The five members of the PCAOB Board, including the Chairman, are appointed to
staggered five‐year terms by the Securities and Exchange Commission, after consultation with
the Chair of the Board of Governors of the Federal Reserve System and the Secretary of the
Treasury.
The SEC has oversight authority over the PCAOB, including the approval of the Board's rules,
standards, and budget.
The Act, as amended by the Dodd‐Frank Wall Street Reform and Consumer Protection
Act, established funding for PCAOB activities, primarily through annual accounting support
fees. These fees are assessed on public companies, based on their relative average monthly
market capitalization, and on broker‐dealers, based on their relative
average quarterly tentative net capital.
II. Vision
The PCAOB seeks to be a model regulatory organization. Using innovative and cost‐
effective tools, the PCAOB aims to improve audit quality, reduce the risks of auditing failures in
the U.S. public securities market and promote public trust in both the financial reporting
process and auditing profession.
III. Mission
The PCAOB mission is to oversee the audits of public companies in order to protect the
interests of investors and further the public interest in the preparation of informative, accurate,
and independent audit reports. The PCAOB also oversees the audits of broker‐dealers, including
compliance reports filed pursuant to federal securities laws, to promote investor protection.
IV. Address
Contact the PCAOB
Headquarters New York Office
1666 K Street NW 1251 Avenue of the Americas
Washington, DC 20006‐2803 New York, NY 10020
Phone: (202) 207‐9100 Phone: (646) 437‐5100
Fax: (202) 862‐8430 Fax: (646) 792‐0001
The PCAOB also has regional and satellite offices in Ashburn, Va.; Atlanta; Boston; Charlotte,
N.C.; Chicago; Denver; Fort Lauderdale, Fla.; Irvine, Calif.; Irving, Texas; Houston; Los
Angeles; Philadelphia; San Mateo, Calif.; and Tampa, Fla.
V. Boards of Director
The five members of the Board, including the Chairman, are appointed to staggered
five‐year terms by the Securities and Exchange Commission, after consultation with the Chair of
the Board of Governors of the Federal Reserve System and the Secretary of the Treasury. There
is currently one vacancy on the Board.
James R. Doty
Chairman since 2011
Under Chairman Doty's leadership, the PCAOB established the Center for
Economic Analysis and continues to expand the Board’s cooperation with
international counterparts. He also led the effort to provide greater
transparency into the audits of public companies through AuditorSearch,
and has overseen the adoption of standards to increase audit quality.
Full biography Speeches and statements
Steven B. Harris
Board member since 2008
Board Member Harris has been Chairman of the PCAOB Investor Advisory
Group since 2009. Earlier, as Staff Director of the Senate Banking,
Housing, and Urban Affairs Committee under Chairman Sarbanes, he
helped shape the Sarbanes‐Oxley Act of 2002, which established the
PCAOB.
Full biography Speeches and statements
Lewis H. Ferguson
Board member since 2011
Board Member Ferguson is Chair of the Global Audit Quality Working
Group of the International Forum of Independent Audit Regulators,
following his service as IFIAR Chairman from 2013‐2015. He served as the
first PCAOB general counsel from 2004 to 2007.
Full biography Speeches and statements
Jeanette M. Franzel
Board member since 2012
Board Member Franzel, a certified public accountant, brings extensive audit
experience to the PCAOB after a distinguished career at the U.S.
Government Accountability Office. She conducts outreach about PCAOB
activities to a wide range of external stakeholders.
Full biography Speeches and statements.
XIII. INTOSAI
(INTERNATIONAL ORGANIZATION OF SUPREME
AUDIT INSTITUTION)
I. History
II. Vision
III. Mission
IV. Address
V. Boards of Director
VI. Standards
- AU
I. History
The International Organization of Supreme Audit Institutions (INTOSAI) operates as
an umbrella organization for the external government audit community. For more than 50
years it has provided an institutionalized framework for supreme audit institutions to promote
development and transfer of knowledge, improve government auditing worldwide and enhance
professional capacities, standing and influence of member SAIs in their respective countries. In
keeping with INTOSAI's motto, 'Experiential mutual omnibus proudest', the exchange of
experience among INTOSAI members and the findings and insights which result, are a
guarantee that government auditing continuously progresses with new developments.
INTOSAI is an autonomous, independent and non‐political organization. It is a non‐
governmental organization with special consultative status with the Economic and Social
Council (ECOSOC) of the United Nations.
INTOSAI was founded in 1953 at the initiative of Emilio Fernandez Camus, then President of the
SAI of Cuba. At that time, 34 SAIs met for the 1st INTOSAI Congress in Cuba. At present INTOSAI
has 194 Full Members, 5 Associate Members and 1 Affiliate Member.
II. Vision
INTOSAT Vision Promote good government by enabling SAIs to help their respective
government improve performance. Enhance transparency, ensure accountability, maintain
credibility, fight corruption, promote public trust, and foster the efficient and effective receipt
and use of public resources for the benefit of their peoples.
III. Mission
INTOSAI operates as an umbrella organization for the external government audit
community. INTOSAI is an autonomous, independent and non‐political organization. It is a non‐
governmental organization with special consultative status with the Economic and Social
Council (ECOSOC) of the United Nations. The Austrian Court of Audit (ACA) is the General
Secretariat of INTOSAI.
IV. Address
INTOSAI Generalsekretariat
Rechnungshof
Dampfschiffstraße 2
1031 Wien
Österreich
Tel: +43 1 711718474, 711718323
Fax: +43 1 7180969
V. Boards of Director