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Fédération des Experts-comptables Européens Federation of European Accountants Connect with European Professional

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Presentation on theme: "Fédération des Experts-comptables Européens Federation of European Accountants Connect with European Professional"— Presentation transcript:

1 Fédération des Experts-comptables Européens Federation of European Accountants www.fee.be Connect with European Professional Accountants @FEE_Brussels CIPFA European Annual Seminar Key Challenges and Initiatives for FEE Olivier Boutellis-Taft 14 October 2014 1

2 Federation of European Accountants FEE federates professional institutes across Europe 2 47 professional institutes 36 European countries, including all EU 28 800.000 professional accountants

3 Federation of European Accountants FEE adds value to Members 3 EU & international regulation, public policy, standard setting etc. EC, EP, Council, ESMA, EBA, EIOPA, IOSCO - IASB, EFRAG, IIRC, IFAC, IAASB, IESBA, IPSASB, CAGs, PCAOB, OECD etc. Facilitates consensus between Institutes, accountancy firms (big & small)… Representation toward stakeholders Analysing and informing public policy developments Promoting cooperation among Members

4 Federation of European Accountants FEE‘s challenges 4 Professions‘ structure Members‘ background Participants‘ language FEE‘s resources Countries‘ differences

5 Federation of European Accountants FEE’s work 5 ACCOUNTING AUDIT AND ASSURANCE SMP FORUM SUSTAINABILITY COMPANY LAW AND CORPORATE GOVERNANCE PROFESSIONAL ETHICS AND COMPETENCES TAX PUBLIC SECTOR IAASB EXPOSURE DRAFTS PCAOB FUTURE OF AUDIT AND ASSURANCE AUDITOR COMM ANTI MONEY- LAUNDERING CORPORATE REPORTING BANKS INSURANCE VAT FUTURE OF CORPORATE REPORTING

6 Federation of European Accountants FEE’s strategic priorities 6 Corporate reporting Public finance Audit & Assurance

7 Federation of European Accountants Public finance 7 Showcase profession’s public interest commitment Provide expertise (tax policy, reporting, assurance) Create & seize opportunities

8 Federation of European Accountants Public Sector: A strategic priority for FEE The profession has an important role in public sector: Policy debate, governance model, standard setting and legislation Advice on implementation, transition plans, IT Accounting, reporting, assurance 8

9 Federation of European Accountants FEE‘s Public Sector Group 26 members from 15 countries (still expanding) Priority areas and a range of important topics: 9 Accounting and reporting European Standards International Standards Assurance Performance Audit Compliance Audit Sustainability Audit …

10 Federation of European Accountants EPSAS and IPSAS EC consultations, Conference, Task Forces IPSASB consultations, joint meeting EC plans: Communication, Framework Regulation, Standards 10

11 Federation of European Accountants FEE‘s further initiatives in the EPSAS debate Series of roundtables on public sector accounting in 2014 FEE issues EPSAS paper International standards are the preferred solution EPSAS could be acceptable if a list of conditions is met 11

12 Federation of European Accountants 12 Coming soon: FEE Briefing Paper on Public Sector Accounting Standards

13 Federation of European Accountants Stay connected 13 Connect with European Professional Accountants FEE website Monthly e-newsletter @ FEE_Brussels @ FEE_SMP + FEE Brussels


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