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October 14, 2007

News briefs

News briefs

Education JICPA announces updates

The Japanese Institute of Certified Public Accountants (JICPA) has participated in a project aimed at improving accounting and auditing in Mongolia. As part of the project, which is run by the Japan International Co-operation Agency, the JICPA took on ten trainees from Mongolia for ten days recently. The institute also announced that the 17th Conference of the Confederation of Asian and Pacific Accountants, which was held in Osaka recently, was a success. About 2000 people attended, including participants from non-member jurisdictions such as Iran and Russia.

Standards IASB amends standards The International Accounting Standards Board (IASB) has released an exposure draft of proposed amendments to 25 IFRS under its first annual improvements project. The proposals range from a restructuring of IFRS 1 First-time Adoption of International Financial Reporting Standards to minor changes of wording to clarify the meaning and remove unintended inconsistencies between the standards. The publication of the miscellaneous proposals in a single document is intended to streamline the standard-setting process.

Education Practice certificates made simpler

The Institute of Chartered Accountants in England and Wales (ICAEW) council has approved changes designed to ease the process of obtaining practice certificates. The changes follow consultation with members. ICAEW chief executive Michael Izza said: “It will now be easier to see when or if a [practice certificate] is required, and the new arrangements will enable people to return to practice more easily.”

People New director for ACCA UK The Association of Chartered Certified Accountants (ACCA) UK has appointed a new director. Wyn Mears, who was previously acting head of the association, began his new role this month. Mears said: “I am looking forward to working with them to sustain our growth across the country, to enhance our support for our students and develop our services for, and engagement with, our 57,000 members who are so well represented in every sector of business and the public sector.”

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