Académique Documents
Professionnel Documents
Culture Documents
NPM: 022113237
Class: 6B (Konesentrasi Akuntansi Keuangan)
Tugas 1
the relevance to users of the information and the reliability of information that could be
provided;
resource constraints.
In attempt to identify key aspects the IASB questions its staff to indicate issues that need
further review and attention, that can be added to future agendas.
New issues also arise from a change in the IASBs Conceptual Framework, furthermore the
IASB considers new agendas from other standard setters such as the IFRS Advisory Council
and the IFRS Interpretations Committee, and staff research. Also IASB receives requests to edit
or adjust already publicized materials from 3rd party groups that have common issues that are
raised thus making the IASB consider putting them in into the agenda.
IASB meetings, before any new standard is put into the agenda the IASB meets with the
IFRS advisory council and accounting standard-setting bodies before taking on any new
projects. The IASB also considers convergence initiatives among other accounting standardsetters.
In order to put any conclusions from these meetings and before adding anything to the
agenda the IASB holds a vote in their public meetings, in order it to pass each agenda item
needs a majority vote.
an invitation to comment
This method might differ if another accounting standard-setter writes and develops the research
paper
Discussion papers are written as a result of either of the following
as the first stage of an active agenda project carried out by the IASB.
Suggestions made by the IFRS Advisory Council, Consultative Groups and accounting
standard-setters, and arising from public education sessions.
After deciding firmly on solutions to all issues at its meetings, the IASB instructs the staff to draft
the Exposure draft. When the draft is finished and the IASB has accepted it (by voting on it) the
IASB publishes it for public comment.
identifying substantial issues that emerged during the comment period on the Exposure
Draft that it had not previously considered;
evaluates whether it has sufficiently understood the issues and actively sought the views
of constituents; and
considers whether the various viewpoints were aired in the Exposure Draft and
adequately discussed and reviewed in the basis for conclusions.
Drafting the IFRS: If the IASB finds that publishing a re-exposure is needed than all steps in
the due process are followed from the exposure draft and submitted for another round of public
comments. This decision is reached in IASB meetings. When all parties are satisfied with the
draft there are no more issues with it, the IASB instructs the staff to draft the IFRS
Pre-Ballot Draft: A pre-ballot draft is usually subject to external review, normally by the IFRIC.
Shortly before the IASB ballots the Standard, a near-final draft is posted on eIFRS.
Finally, after the due process is completed, all outstanding issues are resolved, and the IASB
members have balloted in favor of publication, the IFRS is issued.
comments by the IFRS Advisory Council, the IFRS Interpretations Committee, standardsetters and constituents about the quality of the IFRS.
Those studies may result in items being added to the IASBs work plan.
These steps are just a fundamental understanding of how one IFRS is developed and
implemented. Its a basic understanding of how IFRS came to be.
Tony de Bell
Global Accounting Consulting Services Leadership Team
PwC
United Kingdom
As global consultant towards accounting services Mr. Bell helps the IFRS
committee in overseeing how certain issues are dealt with. Tony is a senior
partner in PwC's Global Accounting Services Group a member of PwCs IFRS
Leadership Team. He also leads the global accounting consulting team dealing
with revenue and liabilities, including income taxes, stock compensation and
employee benefits.
Tony has worked in accounting consulting services for twelve years, before
which he served a variety of commercial and industrial clients as an auditor. He
spent eighteen months in 2003 and 2004 seconded to the US National Office in New Jersey and
has led PwCs global revenue and liabilities accounting technical team since 2006. Tony de Bell
often writes about IFRS topics and consults on multiple accounting issues.
Reinhard Dotzlaw
Global IFRS Panel
KPMG
Canada
Reinhad Dotzlaw was appointed to the IFRS Interpretations Committee
in May 2013 for a term of three years. Reinhard is the National Managing
Partner, Audit Professional Practice for KPMG Canada. Reinhard currently is a
member of the Financial Reporting Advisory Committee of the Canadian
Securities Administrators (CSA), which serves as a sounding board and
provides advice to the CSAs Chief Accountants Committee. He was a member
of the Emerging Issues Committee of the CICAs Accounting Standards Board
prior to its disbandment upon transition to IFRS, which provided timely guidance
on emerging accounting issues. He and his firm oversee multiple accounting issues that range
from auditing standards to professional communications. His insight into Canadian markets and
north American accounting standards make him an invaluable part of the IFRS committee
Carl Douglas
Corporate Controller
CCR Group
Brazil
Carl Douglas was appointed to the IFRS Committee in July 2014 for a
term of 3 years. Carl is Corporate Controller at CCR Group since 2007, a listed
Brazilian based international investor and operator of transportation
infrastructure, such as toll roads, subways, airports, boats and related business.
He is responsible for corporate accounting practices, preparation of financial
statements and obtaining its certification from independent auditors and
approval from audit committee and board Carl was Professor of Accounting and Controlling and
Coordinator of under graduation courses in business and in MBA programme from 2005 to
2008, as well as independent accounting technical quality assurance at a Brazilian publisher.
He was speaker in several accounting and business conferences. He studied business
administration and did MBA focused in Accounting and Finance at University of So Paulo /
FIPECAFI, with extension at Euromed Ecole de Management Marseille France. He also did
M.Sc. in Accounting at So Paulos Catholic University. As a former Professor of accounting
Carl Douglas has a key part of the IFRS committee knowing the south American markets and
accounting standards that have been used there.
Mikael Hagstrm
Senior Vice President & Head of Corporate Financial Reporting
Volvo Group
Sweden
Was appointed to the IFRS Interpretations Committee in July 2014 for a
term of three years. Mikael Hagstrm has worked since 2006 as Senior Vice
President & Head of Corporate Financial Reporting in the Volvo Group. He is
responsible for Financial Reporting and Internal Control. Previous to this, Mikael
was Head of Corporate Accounting and has also worked for Business Control
within the Volvo Group.
Mikael has been chairman of the Swedish Enterprise Accounting Group (SEAG) since 2007,
and will be member of IFRIC from July 2014.
Jongsoo Han
Member of the Korea Accounting Standards Board (KASB)
Korea
Was appointed to the IFRS Interpretations Committee in July 2015 for a
term of three years. He has more than 25 years experience from practice and
academia in financial accounting and auditing, having also chaired and been a
member of many committees and organisations focused on financial reporting.
He is a Board Member of the Korea Accounting Standards Board (KASB) and
Chairman of the Korea Institute of CPAs Accounting Research Committee. He
is a Professor at Ewha Womans University in Seoul, Korea, and has written
many papers on IFRS.
Mr. Han has a PhD in Accounting from the University of Pittsburgh, US, and is a qualified
Certified Public Accountant in Korea.
Feilong Li
Executive Director, Executive Vice President & CFO
China Oil Services Limited
People's Republic of China
Was appointed to the IFRS Interpretations Committee in July 2010 for a term
of three years. Feilong Li is controller of CNOOC Limited, China's largest
producer of offshore crude oil and natural gas with a dual-listing in Hong Kong
and the United States. He is leader of the SOX404 implementation team and the
qualified accountant of CNOOC Limited for HKEx listing. He has been a member
of Financial Accounting Standards Advisory Council (FASAC) since 2008.He is a
board member of Petroleum Subcommittee of China Association of General
Accountant and vice principal of China Petroleum and Chemical Statistics Association.He led
Accounting/Finance/Taxation Team of CNOOC IPO Working Group back in 1999.
Bruce Mackenzie
Managing Partner
W Consulting International
South Africa
Was appointed to the IFRS Interpretations Committee in July 2014 for a
term of three years. Bruce is the Managing Partner of W Consulting
International, a global IFRS Advisory Firm. He is a member of the Financial
Reporting Standards Committee of South Africa, and the IASB SME
Implementation Group. He is also a registered IFRS Advisor with the
Johannesburg Stock Exchange. Bruce qualified as a Chartered Accountant and
Registered Auditor in South Africa. He worked in the Deloitte IFRS Centre of
Excellence in London before moving to Barclays Capital. Currently he consults with
multinationals, professional firms and institutes on the implementation and application of IFRS.
John O'Grady
Asia-Pacific IFRS Leader
Ernst & Young
Australia
Was appointed to the IFRS Interpretations Committee in July 2012 in a
term of three years. He is an Assurance Partner at EY, based in Hong Kong,
China and Melbourne, Australia. He is the Leader of EY's Asia Pacific
Professional Practice Group (Assurance Quality function), which he has led
since 1 July 2013. Prior to that time he led the Asia Pacific Area (2010-13) and
Oceania Area IFRS Groups (2005-10). John is also a member of EY's Global
IFRS Policy Committee, which is responsible for recommending EY policy
around IFRS application, reporting and interpretation globally. John has overall
responsibility for Professional Practice consultations (including IFRS) within EY
across Asia Pacific, and leads a team of Professional Practice personnel across 24 countries.
He is a graduate of University College Dublin and a Fellow of the Institutes of Chartered
Accountants in Australia and in Ireland.
Sandra Peters
Head of Financial Reporting Policy
CFA Institute
United States
Was appointed to the IFRS Interpretations Committee in July 2012 for a
term of three years. She is Head of Financial Reporting Policy at CFA Institute,
where she leads a global team analyzing and developing policy positions related
to significant financial reporting, accounting and auditing issues worldwide. Prior
to this she was Vice President and Corporate Controller at insurance provider
MetLife. Ms. Peters began her career at KPMG, where she rose to the level of
Partner specializing in Financial Services. She is a graduate of the University of Nebraska and
holds an MBA from Indiana University. She is a Chartered Financial Analyst and Certified Public
Accountant.
Charlotte Pissaridou
Managing Director
Goldman Sachs
United Kingdom
Was appointed to the IFRS Interpretations Committee in July 2011 for a
term of 3 years. Charlotte is a Managing Director at Goldman Sachs
International where she manages the Accounting Policy Team for Europe, the
Middle East and Africa. She is also a member of the Client Accounting Review
Team. Charlotte joined Goldman Sachs in 2004; prior to joining the firm,
Charlotte worked at Nomura International for three years and Swiss Re Life &
Health for four years. She qualified as a chartered accountant while working for
Coopers & Lybrand in London and in Moscow. Charlotte currently chairs the
Accounting Committee for AFME (the Association for Financial Markets in Europe).
Dr Martin Schloemer
Accounting Principles and Policies
Bayer AG
Germany
Was appointed to the IFRS Interpretations Committee in May 2013 for a
term of three years.Is Head of Accounting Principles and Policies at Bayer
AG. In this central governance function he is responsible for a uniform
application of relevant accounting rules across all subgroups. Before this he
served as a consultant on implementation projects for new ERP
components. Dr Schloemer started his professional career with a Traineeship at Deutsche Bank
AG. He studied business administration at the RWTH Aachen University and the University
College in Dublin. Furthermore he spends 4 years as assistant professor teaching external and
internal accounting at RWTH Aachen University. In parallel of his academic duties he worked on
selected projects in investment banking. Dr Schloemer is member of several national and
international Committees, among these are the Accounting Standards Committee of Germany
and the Sounding Board of Business Europe
Robert Uhl
Partner,
Deloitte & Touche LLP
United States
Bob Uhl is a partner at Deloitte & Touche LLP and National Director of
Accounting Standards and Communications. Bob is also the U.S. leader on
Deloittes Global IFRS Leadership Team.His responsibilities include formulating
policies on accounting matters under both US and international accounting
standards, and communicating with accounting standard setters, Deloitte
professionals, clients and other parties interested in financial reporting.Bob is
currently a member of the Financial Accounting Standard Boards Emerging
Issues Task Force. He also has been active in standard setting including
participation in FASB, AICPA, and IASB working groups and other standard
setting forums. Bob is a frequent presenter on U.S. and international accounting topics at
conferences and on webcasts.From 1997 to 1999, Bob was a Professional Accounting Fellow in
the Office of the Chief Accountant of the Securities and Exchange Commission. In addition,
previously he has been a Managing Director at Goldman Sachs & Co., and held roles in
Deloittes Accounting Consultation Group and Stamford, Connecticut audit practice.Bob is a
graduate from the University at Albany.
Andrew Watchman
Executive Director of International Financial Reporting
Grant Thornton
United Kingdom
Was appointed to the IFRS Interpretations Committee in May 2013 for a
term of three years. Andrew is the global IFRS leader for Grant Thornton
International and heads its London-based IFRS team. Andrews team promotes
high quality, consistent application of IFRS throughout the Grant Thornton
network, including a consultation service that addresses technical questions
from around the world. Andrew has authored or overseen numerous external
and internal publications on the practical application of IFRSs, leads Grant Thorntons global
IFRS training programme and chairs two international working groups of member firm IFRS
experts. Andrew and his team also lead the development of Grant Thorntons responses to
IASB proposals. Prior to joining Grant Thornton in 2005, Andrew spent two years as
Accountancy Adviser to the UKs Department of Trade and Industry (DTI), and fourteen years
with Arthur Andersen up to partner level. The DTI role involved providing expert advice on public
policy in financial reporting and on all aspects of the transition to IFRSs in the UK.
Summary: To summarize the development of an IFRS is a tedious and time consuming job.
The IFRS committee is a diverse set of people who are appointed because of their background
and technical expertise in economy and accounting. The development process consist of 6
critical stages that help regulate new IFRS agendas. With the help of the interpretation
committee these new agendas turn into new IFRS for the greater good of accounting standards
around the world.