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IFAC Offers to Introduce hanges to the International Education Standards for Accountants.
The International Accounting Education Standards Committee (IAESB) of the International Federation of Accountants (IFAC) published drafts of changes to the following International Educational Standards ():

2 International Education Standard (IES) 2 Initial Professional Development Technical Competence),
3 International Education Standard (IES) 3 Initial Professional Development Professional Skills),
4 International Education Standard (IES) 4 Initial Professional Development - Professional Values, Ethics, and Attitudes.
A Round Table was conducted in Almaty on the topic Customs Union Development Perspectives.
On July 24, 2012, a Round Table on the topic Customs Union Development Perspectives took place in Almaty.

The following persons were the participants of the Round Table:
A.H. Valiyeva - Council Chairperson of the CPA of the RK, O.V. Mychkina - an auditor of the RK, Chairperson of the Professional Development Committee of the CPA of the RK, I.E. Astrakhantseva a professional development expert of the CPA of the RK and chief accountants of different companies of the city of Almaty.

The following issues were discussed:

1. Main regulatory and legal acts, approved in the framework of the Customs Union, that are used by companies in their accounting and tax book-keeping.
2. Main taxation principles of the member states in the framework of the Customs Union.
3. Summary of accounting and tax record-keeping normatives of the Customs Union member-states.
4. Main differences and problems of taxation and accounting among the Customs Union member-states.
5. Problems of non-compliance in accounting and tax record-keeping, regulated by the normative acts of the Customs Union and by other book-keeping norms of its member-states.
6. Discussion of these discrepancies. Proposals to streamline the discrepancies. An accountants view of the Customs Unions norms.

Upon the conclusion of the Round Table several proposals and recommendations were offered on how Kazakhstani companies should operate the Customs Union environment.
IFACs Books of Standards Have Been Published
The books of standards for 2012 in English were published on the IFACs website on July 12, 2012.

They include the following:
International standards for quality control, audit, review tests, other services confirming authenticity of information and related services;
Ethics Code for professional accountants;
International Financial Reporting Standards in the state sector.
Week of Free of Charge Seminars from the Partner of the Chamber of Professional Accountants of the RK IS Accountant!
Dear Accountants,

In the period from July 1 to July 16 the company InfoTekhService offers you an opportunity to purchase their product IS Accountant and participate in the WEEK OF FREE OF CHARGE SEMINARS.

See the Timetable of the Seminars.

Free of charge seminars will be conducted on the monthly basis for permanent users.
Participation in these seminars will be credited to the obligatory 120 hours of professional development for the Chambers members.

Contacts: +7 (727) 380 60 60, 380 60 58, 380 60 55, 380 60 62
Location of the seminars: Almaty, 51 Furmanov street
International Federation of Accountants Announced the Appointment of Fayezul Chudkhari for the Position of the Executive Director
International Federation of Accountants (IFAC), a global organization for representatives of the accountancy profession of 127 countries, made an announcement that Fayezul (Fayez) Chudkhari was appointed a new Executive Director of IFAC. He will assume responsibilities after the present Executive Director Ian Ball whose contract expires in February 2013.

The source: www.ifac.org
Vacancy: Tax Consultant
The Chamber of financial and tax consultants of the RK is has vacancy for positions of tax consultants in the following cities: Petropavlovsk, Karaganda, Aktobe, Atyrau, Kostanai, Kokchetav, Shymkent, Kyzylorda, Ust-Kamenogork.

The contact telephones: +7 (7172) 60 24 98
IFAC Prepared for Commentaries a Draft International Manual for Improving of Reporting
Committee of Professional Accountants in Business (PAIB) of International Federation of Accountants (IFAC) prepared for commentaries a draft international practical manual Eleven Principles for Effective Business Reporting Processes.

The purpose of the manual is to show examples of best practices for increasing efficiency of a companys reporting process. The manual will help professionals, accountants and their organizations to develop a list of successive measures that will help to improve their reporting. This in turn will make it easier for the involved internal and external parties to make necessary decisions. The manual can be used by any organization irrespective of its size and structure or whether it is public or private.

Professional accountants and their organizations can leave their commentaries about the draft manual on the website of IFAC until August 23, 2012.
Does a Certificate Issued by the IPA of Russia Meet the Requirements of the Law on Accounting and Financial Reporting of the RK?
The question is answered by the Minister Finance of the RK Mr. Zhamishev B.B.:

In keeping with Paragraph 5 of Article 22 of the Law #234 On Accounting and Financial Reporting of the RK, dated 28.02.2007, alongside with a certificate issued by a licensed certification organization of the RK, we recognize all professional accountant qualification certificates issued by foreign institutions that are full fledged members of the International Federation of Accountants (hereinafter referred to as IFAC).

This being said, according to the information of the IFAC website (www.ifac.org), the Institute of Professional Accountants and Auditors of Russia (hereinafter referred to as the IPA of Russia ) is a full fledged member of the IFAC.

So, we think that a professional accountant qualification certificate issued by the IPA of Russia is acknowledged alongside with a professional accountant certificate of the Republic of Kazakhstan.

The source: www.blogs.e.gov.kz
Is it Possible to Pass a Professional Accountant of the RK Examination without Prior Preparation?
The question is answered by the Minister Finance of the RK Mr. Zhamishev B.B.:

According to Sections 8) and 9) of Article 1 of the Law #234 of the RK On Accounting and Financial Reporting, dated February 28, 2007, a professional accountant is an individual with a professional accountants certificate. This certificate is a document issued by a certification organization, certifying the professional qualification of an accountant.

Procedures of accreditation of professional organizations of accountants and organizations of professional certification of accountants by a central state body regulating accounting and financial reporting activities, are established by the Rules of Accreditation of Professional Organizations and Certification Organizations, approved by the Decree of the Government of the RK # 1248, as of October 31, 2011 (hereinafter referred to as the Accreditation Rules).

The Accreditation Rules cancelled obligatory study for accountants, and allowed them to pass certification examinations without prior preparation.

Apart from that, the Accreditation Rules establish requirements to the accreditation materials provided by certification organizations, which include the examination module and procedures of evaluation of examination results.

The source: e.gov.kz
Press Release On Conducting a Meeting of the Advisory Body on the Issues of Accounting and Auditing Activities
On April 20, 2012 the Ministry of Finance plans to conduct a regular meeting of the Advisory Body headed by the Minister of Finance Mr. B. Zhamishev.

The following issues are included to the agenda and will be discussed with the representatives of state bodies and professional community of accountants and auditors:

Issue # 1: Report on the work done.
Issue # 2: Review of the draft project of the National Financial Reporting Standard for SMEs.
Issues # 3: Review of the draft of Methodological Recommendations for conducting external quality control of auditing organizations.

The source: www.minfin.kz
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