Presentation by Marcelo Canetti, IAESB Member & BDO Partner at EFFA 2013 Roundtable, Amsterdam, Netherlands, April 2013

1. Page 1 | Confidential and Proprietary Information
Tone At The Top
Marcelo Canetti
IAESB Member & BDO Partner
EFFA 2013 Roundtable
Amsterdam, Netherlands
April 2013

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IAESB’s Support
IAESB is supportive of:
 Tone At The Top
 Initial Professional Development &
Continuing Professional Development
 Learning Outcomes Approach

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How Accountancy Development Contributes
Tone At The Top
IPD CPD
IES 4, Professional Values,
Ethics, & Attitudes
IES 3, Professional Skills
IES 2, Technical Competence
IES 7, Continuing Professional
Development for All Professional
Accountants
IES 8, Professional Development
for Engagement Partners
Responsible for Audits of
Financial Statements

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Examples of Competence Areas that develop Tone at
the Top
IES 2 – Technical Competence
Competence Areas:
• Governance, risk management, & internal
control
• Information technology
• Business and organizational environment
IES 4 – Professional Values, Ethics, and Attitudes
Competence Areas:
• Commitment to the public interest

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CPD – Development & Maintenance of Competence
IES 7 – Continuing Professional Development
Requirements
• On each professional accountant to develop
and maintain professional competence
• On IFAC member bodies to establish a
systematic process to monitor professional
accountants meet CPD requirements & provide
appropriate sanctions if requirements are not
met.

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Public Interest Imperative
Some of the Benefits for Society
• Soundness of financial and non-financial
reporting
• Comparability of financial and non-financial
information across borders
• Sound corporate governance and performance
management in private and public sector
organizations

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Education Challenges
 Facilitating greater access and knowledge sharing among
providers of professional accounting education
 Ensuring awareness of the obligations and roles of key
stakeholders in the education process
 Identifying observable and measurable learning outcomes
that align with a competence-based approach to
professional accounting education
 Establishing international benchmarking for providers of
professional accounting education

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http://www.ifac.org/education
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THANK YOU
Sources of Information