ONECCA-TOGO

Transcription

ONECCA-TOGO

Action Plan Developed by
Ordre National des Experts Comptables et des Comptables Agréés du Togo (ONECCA-TOGO)
BACKGROUND NOTE ON ACTION PLANS
Action Plans are developed by IFAC members and associates to address policy matters identified through their responses to the IFAC
Compliance Self-Assessment Questionnaires. They form part of a continuous process within the IFAC Member Body Compliance Program to
support the ongoing development and improvement of the accountancy profession around the world.
Action Plans are prepared by members and associates for their own use based on the national frameworks, priorities, processes and challenges
specific to each jurisdiction. As such, they will vary in their objectives, content and level of detail, consistent with their differing national environments
and stages of development, and will be subject to periodic review and update.
Refer to responses to the Part 1 Assessment of the Regulatory and Standard-Setting Framework Questionnaire and Part 2 SMO Self-Assessment
Questionnaire for background information on each member and associate their environment and existing processes. These responses may be
viewed at: http://www.ifac.org/ComplianceAssessment/published_surveys.php
Use of Information
Please refer to the Disclaimer published on the Compliance Program website.
ACTION PLAN
IFAC Associate:
Approved by Governing Body:
Date Approved:
Original Publish Date:
Last Updated:
Next Update:
Status as of Date of Publication
ONECCA-TOGO Council
June 2013
October 2013
March 2015
March 2016
Page 1 of 29
GLOSSARY
CCIT
CCOA
CNC
CNC-OHADA
CNP
CPPC
DDPI
IAASB
IFRSs
IGE
IPSASs
MEF
ISAs
OHADA
QA
ROSC
SMO
SYSCOA
SYSCOHADA
UEMOA
WAEMU
Chambre de Commerce et d’Industrie du Togo
Conseil Comptable Ouest Africain (West African Accounting Council)
Conseil National de la Comptabilité
OHADA Regulatory Commission
Conseil National du Patronat
Conseil Permanent de la Profession Comptable
Département pour le Développement des Partenariats Internationaux
International Auditing and Assurance Standards Board
International Financial Reporting Standards
Inspecteur Général d’Etat
International Public Sector Accounting Standards
Ministry of Finance
International Standards on Auditing
Organization pour l’Harmonisation du Droit des Affaires/Organization for the Harmonization of Business Law in Africa
Quality Assurance
Report on Observance of Standards and Codes
Statement of Membership Obligations
Système Comptable Ouest Africain
Système Comptable OHADA
Union Économique et Monétaire Ouest Africaine
West African Economic and Monetary Union
Page 2 of 29
Action Plan Subject:
Action Plan Objective:
SMO 1‒Quality Assurance
Development of a Quality Assurance System
Background:
ONECCA-TOGO is responsible for establishing a quality assurance (QA) review system for auditors. After the admission of ONECCA TOGO as
an associate member, the IFAC Statements of Membership Obligations (SMOs) were presented to all the members of the Institute, followed by
comments. The Committees on SMOs were then set up to work on how to achieve these obligations. Committee 1 is in charge of SMO 1 and
Quality Assurance.
In 2009, ONECCA-TOGO received a technical assistance from a Word Bank Consultant to conduct a Quality assurance (QA) mission and ensure
that member firms comply with QA requirements. The consultant recommendation is inter alia, to enhance the profession. Therefore, members
were sensitized on relevant aspects, including behavior of both Controller and controlee during the quality control of the firms.
Further to this sensitization/information session, ONECCA-TOGO set up a mentoring program and mentors were nominated to assess and advise
firms on how to improve practices and management. This helps raise the awareness of Quality control and assists member firms in implementing
quality control standards in accordance with the best practices. For the time being, the system is being run as a pilot program and was expected
to be officially launched in 2014. So far two volunteer accounting firms went through the review program. However, the implementation of the
system has been delayed. A facilitator has been recently appointed for helping to set up the system. 8 firms have been selected to go through the
review program. The partners of these firms will then be trained to review the other firms of the Institute.
In respect to ROSC Accounting & Auditing recommendations on Quality Assurance, ONECCA-TOGO is lobbying for the adoption of International
Standard on Quality Control 1 (ISQC) 1. The World Bank financed in 2011 a project for the implementation of a QA review system in the West
African Economic and Monetary Union (WAEMU) countries. Anticipating the subsequent tools and guidance on ISQC 1 (guidance, soft, hard,
publications, questionnaires, templates, technical solutions, etc.) developed by the selected Consultant from the French Department for the
Development of International Partnerships (DDPI), and on behalf of WAEMU, ONECCA-TOGO set up a module of training session on ISQC 1 to
sensitize its members. In July 2012, in Abidjan, Cote d’Ivoire, the QA review system implementation manual was launched. The Ministry of Finance
is expected to enact into law the requirements of ISQC 1. The training session took place in September 2013. More trainings with take place in
2015.
The Institute is developing material that enhances the ability of members to comply with the international auditing standards. The Institute is also
developing an Audit manual and a model audit file which will be based on small and medium sized practices. That being the case, the audit manual
expounds on the various applicable International Standards on Auditing (ISAs). The model audit file on the other hand, will focus on audit
documentation to provide practicing members with illustrated examples of how an audit file should be. In addition, training workshops will be held
to address the common deficiencies encountered during the review program.
A review process on Uniform Acts at OHADA level to set up harmonized rules for the 17 member states of OHADA was completed in 2014.
Sensitization sessions are being held since then.
Page 3 of 29
#
1.
Start Date
2009
Actions
Association of Accountancy Bodies in west Africa
(ABWA) has organized training for trainers on QA review
system in Accra (Ghana). Two QA trainers were trained for
ONECCA Togo’s internal training and capacity building.
Other trainings will follow
2.
December
2009
Two trainers from Togo trained on QA review system
received the tools, guide, and guidance from ABWA. They
trained ONECCA TOGO members on QA review system.
Completion
Date
Responsibility
Resource
President
ONECCA Togo
2 Volunteers
Members of
ONECCA-TOGO
Completed
President of SMO
1 Committee
2 Volunteers
Members of
ONECCA-TOGO
Completed
ONECCA-TOGO
Council members
and President and
Vice-president of
SMO 1
Committee
3 Volunteers
Members of
ONECCA-TOGO
Completed
President and
Vice-president of
SMO 1
Committee and
Continuing
Professional
Development
Commission
Volunteers Members
of
ONECCA-TOGO
N/A
President of
ONECCA-TOGO
President of
ONECCA-TOGO
and Ministry of
Finance
Completed
2014
Other trainings will follow
3.
4.
Ongoing
August 2012
On June 23 2012, ONECCA-TOGO is working on the
incorporation the QA review system requirements into its
relevant texts in order to allow the Institute’s General
Assembly adopt the QA review system requirements.
ONECCA-TOGO organized one training s e s s i o n for
members and another for members’ staff on the QA review
system.
Submit to the Ministry of Finance signature, the modified
law
5.
January 2014
2001/023 of J a n u a r y 2003 creating ONECCA-TOGO,
requiring inter alia, the implementation of a QA system and
adopting ISQC 1 as national standard.
Page 4 of 29
#
6.
7.
Start Date
Actions
November
2013
ONECCA-TOGO will implement a QA review system in
accordance with SMO 1 and ISQC 1 and as defined by
WAEMU with DDPI at the regional level.
January
2014
Following the adoption of the strategy by the General
Assembly
of ONECCA-TOGO, a QA review system will be promoted
including structure, criteria for quality assurance reviewers,
tools, and other supports.
Completion
Date
Responsibility
Resource
Completed
ONECCA-TOGO
Council members
and President
and
Vice-president of
SMO 1
Committee
WAEMU
Completed
President of
ONECCA-TOGO
and President of
SMO1 Committee
President of
ONECCA-TOGO
and President and
Vice-President of
SMO1 Committee
Adoption and Support of Implementation of the Quality Control Standards
8.
April 2012
Provide training and capacities building sessions to raise
members’ awareness of the QA review system and the
quality control standards.
January
2015
President of
ONECCA-TOGO
Members of SMO 1
Committee and
Continuing
Professional
Development
Commission
9.
July 2013
Sensitize firm members and set up training sessions for
members.
February
2015
President of
ONECCA-TOGO
President and Vicepresident
of SMO1 Committee
10.
October
2013
Provide Manual of procedure tools and guidance to
members to support the implementation of ISQC 1
January
2015
President of
ONECCA-TOGO
Members of SMO 1
Committee
11.
September
2013
Develop training and capacities building sessions for
members on ISQC 1.
February
2015
President of
ONECCA-TOGO
Members of SMO 1
Committee
12.
April 2014
Implementation of the new QA review system.
April 2015
President of
ONECCA-TOGO
Members of SMO 1
Committee
Page 5 of 29
#
Start Date
Actions
Completion
Date
Responsibility
Resource
President of
ONECCA-TOGO
Members of SMO 1
Committee
November
2014
13.
October 2014
Recruit volunteers from quality controllers
14.
January 2015
Initial Assessment of the volunteer audit firms to start the
process.
January
2015
President of
ONECCA-TOGO
Members of SMO 1
Committee
15.
February
2015
Provide training and capacity building of members of CQ
and controllers selected
February
2015
President of
ONECCA-TOGO
Members of SMO 1
Committee
Ongoing
President of SMO
1 Committee
President and Vicepresident of 7 SMOs
Committees
June 2016
President of SMO
1 Committee
President and Vicepresident of 7 SMOs
Committees
Completed,
8 volunteers
have been
appointed
Maintaining Ongoing Processes
16.
June 2014
Continuous support to ongoing implementation of QA
review system and ISQC 1, including review of the
implementation of the Action Plan to date and updating the
Action Plan for future activities, as necessary.
Review of ONECCA Togo’s Compliance Information
17.
June 2015
Perform periodic review of ONECCA-TOGO’s response to
SMO 1 Section of the IFAC Compliance Self-Assessment
questionnaire and update the response as necessary.
Once updated inform IFAC Compliance staff about the
updates in order for the Compliance staff to republish
updated information.
Page 6 of 29
SMO 2–International Education Standards for Professional Accountants and Other Pronouncements issued by the
IAESB
Ensure accountancy education program compliance with International Education Standards
Background:
The Committee 2 is in charge of SMO 2 and IESs. The Ministry in charge of Secondary Technical and Professional Training and the Ministry of
High Level Education and Scientific Research are responsible for the development of a revised program that takes into account the requirements
of IESs.
Following the 2009 ROSC A&A recommendations N°s 80 and 81, ONECCA-TOGO applied and received in 2011 a grant from the World Bank to
review and improve the national accountancy education program in accordance with the International Education Standards (IESs). This program
was finalized in August 2013. ONECCA-Togo has obtained from the Ministry in charge of Secondary Technical and Professional Training and the
Ministry of High level Education and Scientific Research their signatures on the two official acts launching the revised program. 288 Teachers from
both Ministries over the country were trained to the new program in April 2014. The remaining teachers are waiting the training session. They are
about 150. Their training will enable the applicability which is expected for the academic year 2015-2016. Usually, periodic capacity building
sessions are organized by government for stakeholders. ONECCA-TOGO will monitor the revised program to ensure its compliance with IESs
and provide recommendations to government if necessary.
#
Start Date
Actions
Completion
Date
Responsibility
Resource
Completed
President of
ONECCA-TOGO
ONECCA-TOGO
Council members
President of
ONECCA-TOGO
President and Vicepresident of SMO2
Committee
Ministry of Justice,
Ministry of Finance,
Cour des comptes,
ONECCA TOGO
Raising the Awareness of the Requirements of IESs
18.
19.
June
2012
September
2012
Sensitize the government and private sector education
stakeholders about the obligations of Togo and ONECCATOGO as an IFAC associate, and the need for ONECCATOGO to ensure professional accountancy education
compliance with IESs and conduct or assist periodic
review.
Set up a monitoring committee to follow up the activities of
review and improvement of accountancy education
program
Completed
Page 7 of 29
#
20.
21.
22.
23.
24.
Start Date
August 2012
Actions
Appoint a team of 4 consultants for the review of the
program
October 2012
Present during a seminar, the deficiencies identified in the
national programs of accountancy studies and main
recommendations.
April 2013
Presentation of programs reviewed and guides of
assessment.
Seminar of validation of programs after the deliverables of
the consultants
May 2013
June 2013
Meeting with consultants to harmonize understanding of
remaining tasks to be performed. The consultants gave
recommendations about things to be done by the
government for the success of the new program.
Remittance of reviewed programs, instruction guides, and
assessment guides.
Completion
Date
Completed
Completed
Completed
Completed
Completed
Responsibility
Resource
President of
ONECCA-TOGO
Committee
Monitoring
Committee
President of
ONECCA-TOGO
Committee, World
Bank, Monitoring
Committee, and
Consultants
President of
ONECCA-TOGO
Committee, World
Bank, Monitoring
Committee, and
Consultants
President of
ONECCA-TOGO
Committee
2 volunteers of
ONECCA TOGO,
Monitoring
Committee, and
Consultants
President of
ONECCA-TOGO
Committee
Monitoring
Committee
Consultants
Page 8 of 29
#
25.
26.
27.
Start Date
July 2013
July 2013
August 2013
Actions
Elaboration of training of trainers tools (training plan,
training manuals).
Organization of seminar of official launching of programs
an tools.
Training of trainers.
Completion
Date
Completed
Completed
Completed
Responsibility
Resource
President of
ONECCA-TOGO
Committee
Monitoring
Committee
Consultants
President of
ONECCA-TOGO
Committee
6 volunteers of
ONECCA TOGO,
Monitoring
Committee
President of
ONECCA-TOGO
Committee
Consultants,
Monitoring
Committee
Page 9 of 29
#
28.
Start Date
February
2014
Actions
Conduct an assessment of the current revised program of
accountancy professional education after two years of
implementation. This includes recommendations to both
Ministry of Secondary Technical and Professional Education
and the Ministry of University Education and Scientific
Research.
Completion
Date
Responsibility
Resource
June 2016
President of
ONECCA-TOGO
ONECCA-TOGO
Council members
Committee
Representatives of
Ministry of
Secondary
Technical
Education and
Professional
Training
Ministry of
University
Education and
Scientific Research
June 2017
ONECCA-TOGO
Council members
President and
Continuing
Professional
Development
Commission
ONECCA-TOGO
Council members
Strengthen Professional Experience Requirements (IES 5)
29.
July 2013
ONECCA-TOGO will review its relevant text for
compliance, including integration of “Comptables Agréés”
as “Experts-comptables” under the conditions they will
satisfy 10 years of experience and receive some credit
hours of training and capacity building sessions inter alia
on audit and related missions, including knowledge on local
law on business and additional credit hours for the
compulsory final oral report.
Page 10 of 29
#
Start Date
Actions
Completion
Date
Responsibility
Resource
Completed
ONECCA-TOGO
Council
members
President and
Continuing
Professional
Development
Commission
ONECCATOGO Council
members
President and
Vice-president
of SMO 2
Committee
June 2017
ONECCA-TOGO
Council
members
President and
Continuing
Professional
Development
Commission
ONECCA-TOGO
Council members
June 2017
ONECCA-TOGO
Council
members
President and
Continuing
Professional
Development
Commission
ONECCA-TOGO
Council members
Continuing Professional Development/ Education Requirements (IES 7)
Review of the Togo accountancy education curriculum for
compliance with IES and LMD curriculum.
30.
December
2013
Training session on new syllabus issued through the
project financed by the World bank to improve Togo
accountancy education curriculum to ensure compliance
with IES and Licence-Master Doctorate (LMD) curriculum
for all the members in Academia.
Examination on Local Business Law Knowledge
31.
32.
July 2015
A text will be proposed to the general assembly to allow the
Comptables Agréés to apply for membership as ExpertComptables.
July 2014
In regard to IES 5 practical experience requirement for
aspiring professional accountants, ONECCA-TOGO
Assembly General will allow the <<Comptables Agréés>>,
to apply for membership as <<Experts-Comptables>>.
They are required to pass an oral exam inter alia on the
requirement of local business law, audit and other related
issues.
Page 11 of 29
#
Completion
Date
Responsibility
Resource
Sept 2013
The President and the Vice president of SMO 2 committee
maintain an ongoing process of monitoring new and
revised standards and communicate them to all concerned.
Ongoing
President of
ONECCA-TOGO
and President of
SMO 2
Committee
President of
ONECCA-TOGO
and President and
Vice-president of
SMO 2 Committee
Ongoing
Process periodic reviews of ONECCA-TOGO education
CPD requirements to ensure they continue to incorporate
and meet with all IES requirements. This includes review of
the existing requirements and preparation of the Action
Plan for the future activities where necessary.
Ongoing
President of
ONECCA-TOGO
7 Presidents and
Vice-presidents of
SMOs Committees
Ongoing
President of
ONECCA-TOGO
President and Vicepresident of
SMO 2 Committee
and Continuing
Professional
Development
Commission
Ongoing
President of
ONECCA-TOGO
President of SMO 2
Committee
Start Date
Actions
33.
34.
35.
Ongoing
Supply the other SMOs Committees with relevant IFAC
Updated publications related to each SMO.
Review of ONECCA-TOGO’s Compliance Information
36.
Ongoing
Process periodic review of ONECCA TOGO’s response to
questionnaire and update the response as necessary. Once
updated inform IFAC Compliance staff about the updates in
order for the Compliance staff to republish updated
information.
Page 12 of 29
SMO 3–International Standards and other Pronouncements Issued by the IAASB
Adopt and implement ISAs in an ongoing manner
Background:
Committee 3 is in charge of SMO 3 and IAASB pronouncements.
ONECCA-TOGO has adopted International Standards on Auditing (ISAs) French version. The standards have been adopted in a General
Assembly of ONECCA Togo in May 2014. They were sent to the Ministry of Finance since then for an act to enhance the applicability of the
standards. Capacities building and training sessions were organized to update members on ISAs and International Auditing and Assurance
Standards Board (IAASB) Pronouncements. In accordance with 2009 ROSC A&A recommendations N°s 74 and 75 on ISA adoption, without
waiting the achievement of WAEMU guidelines and manual, ONECCA-TOGO will sensitize Government on the necessity to legally adopt ISAs as
the national auditing standards. This responsibility falls under the Ministry of Finance. ONECCA TOGO bylaws are being reviewed to require the
members to use the requirements of international standards. At the WAEMU level, the World Bank is financing a project for the implementation of
ISAs in all WAEMU countries.
OHADA uniform act required audit from some kinds of companies. WAEMU gives guides to help member states and their Institutes in applying
those standards.
Awaiting the signature of government decree, ONECCA TOGO set up an enhanced training and capacities building sessions on ISAs for all
members, accountants in business, aspiring accountants as well as private sectors stakeholders.
Page 13 of 29
#
Start Date
Actions
Completion
Date
Responsibility
Resource
Completed
President of
ONECCA-TOGO
ONECCA-TOGO
Council
Members
President of
ONECCA-TOGO
President and VicePresident of SMO 3
Committee and
Continuing
Professional
Development
Commission
President of
ONECCA-TOGO
SMO 3 Committee
A volunteer from
ONECCA TOGO
President of
ONECCA-TOGO
SMO 3 Committee
A volunteer from
ONECCA TOGO
Promoting the Adoption of ISAs
Inform the government and private sector stakeholders
such as:
 The Ministry of Finance
 The Chamber of Commerce and industry of Togo
(CCIT)
 The National Council of Employers (NCE)
37.
38.
39.
40.
August
2013
July 2012
August 2013
November
2012
about obligations ONECCA-TOGO as an associate
member of IFAC and the need for TOGO to adopt and
implement:
 ISAs as soon as WAEMU guidelines and application
Guide on international professional standards are
disclosed, and
 ISQC 1 to further ensure firms compliance with
international requirements and pronouncements and
TOGO ROSC A&A recommendations.
Organize seminar to sensitize members, accountants in
business and public control organisms and private sector
stakeholders (CCIT, CNP) on ISAs. This includes sessions
on the clarified ISAs which came into effect on December
15, 2009.
Training on Alert procedures to members.
Training of members on “Evaluation of internal control and
procedures: mastery of legal audit procedures.”
Ongoing
Completed
Completed
Page 14 of 29
Start Date
Actions
Completion
Date
Responsibility
Resource
41.
November
2013
Obtain from CGA Canada the following:
 The translated French version of all IAASB
pronouncements
 The standards, exposure drafts and technical supports
for ONECCA-Togo’s members;
 The translated French version of the related
documentation;
 connection of CGA Canada with ONECCA TOGO for
exchange of information
June 2015
President of
ONECCA-TOGO
President and Vicepresident of SMO 3
Committee
42.
Ongoing
Disseminate WAEMU ISAs application guide, ensuring its
availability to all members.
Ongoing
President of
ONECCA-TOGO
Committee
Completed
President of
ONECCA-TOGO
Committee
#
Support of Implementation of IAASB Pronouncements
43.
44.
October
2013
members on ISAs.
The Constitution of ONECCA Togo required CPD
programs. Each member must go through 40 credit hours
Training per year. Seminar are then organized for members
to update the knowledge.
Page 15 of 29
#
Start Date
Actions
Completion
Date
Responsibility
Resource
President of
ONECCA-TOGO
7 Presidents and
Vice- Presidents of
SMOs Committees
President of
ONECCA-TOGO
Committee
Continue to support ongoing convergence with IAASB
Pronouncements. This
includes
review
of
the
implementation of the Action Plan to date and updating the
Action Plan for future activities, as necessary.
45.
Ongoing
Future activities that should be planned include the
following action steps
• Informing ONECCA-TOGO members on a regular
basis about new and revised IAASB pronouncements
• Monitoring new and revised IAASB pronouncements
and exposure drafts
• providing comments on the IAASB exposure drafts;
Ongoing
Ongoing
Ongoing
46.
Ongoing
Process periodic review of ONECCA-TOGO’s response to
SMO 3 section of the IFAC Compliance Self-Assessment
questionnaire and update the response as necessary. Once
updated inform IFAC Compliance staff about the updates in
order for the Compliance staff to republish updated
information.
Ongoing
Page 16 of 29
SMO 4–IESBA Code of Ethics for Professional Accountants
Adopt and implement the IESBA Code of Ethics
Background:
Committee 4 is in charge of SMO 4 and IESBA Code of Ethics.
ONECCA Togo has adopted ethical standards based on IFAC ethical Standards during its General Assembly in May 2014. WAEMU also has
conducted a study which helped in this adoption of the new code.
ONECCA-TOGO undertook to review its relevant texts following the 2009 ROSC A&A recommendation N° 74. The Code of ethics is being revised
for full compliance with the requirement of the Code of Ethics for Professional Accountants of the International Ethics Standards Board for
Accountants (IESBA). At the WAEMU level, the World Bank is currently involved in the development of a code of ethics for the eight member
countries of the monetary union, based on the requirement of the IESBA Code of Ethics. This responsibility falls under ONECCA TOGO. The
revised code has been submitted to the Ministry of Economy and Finance for homologation. The project is still at the study level with that Ministry.
#
Start Date
Actions
Completion
Date
Responsibility
Resource
Completed
President of
ONECCA-TOGO
ONECCA-TOGO
Council Members
Adoption of the IESBA Code of Ethics
ONECCA-TOGO to review its basic relevant texts (Bylaws,
Code Ethics and Constitution) to fully comply with the IESBA
requirements. A committee was set up for that purpose.
On the basis of the translation of the 2009 IESBA Code of
ethics, the review Committee is working on a draft of the
revised Code of Ethics, taking into account what is being
done at WAEMU level.
46.
April 2013
Upon the report on the draft Code of ethics, ONECCATOGO Council:
•
•
•
•
Will validate and approve the draft reviewed by SMO
4 Committee;
Will propose the revised Constitution for validation by
ONECCA-TOGO Assembly General in May 2014
The revised Code of ethics and rules will be approved
by
ONECCA-TOGO Assembly General of May 2014
Page 17 of 29
#
47.
Start Date
June
2014
Actions
The legal documents will be transmitted to the Ministry of
Economy and Finance for homologation.
Completion
Date
Completed
Responsibility
Resource
President of
ONECCA-TOGO
ONECCA-TOGO
Council Members
President and
Vice-President of
SMO 4
Committee
President of
ONECCA-TOGO
President and
Vice-President of
SMO 4
Committee and
Continuing
Professional
Development
Commission
President of
ONECCA-TOGO
President and
Vice-President of
SMO 4
Committee and
Continuing
Professional
Development
Commission
Supporting the Implementation of the Revised Code of Ethics
48.
49.
August
2014
August
2014
Set up training and capacities building sessions on the
revised Code of Ethics for all members.
ONECCA-TOGO will provide members, accountants in
business, aspirant accountants and public sector control
bodies and private sectors accountants and other
stakeholders with the revised version of IESBA Code of
Ethics.
Completed
Completed
Page 18 of 29
#
Start Date
Actions
Completion
Date
Responsibility
Resource
Ongoing
President of
ONECCA-TOGO
President and
Vice-President of
SMO 4
Committee and
Continuing
Professional
Development
Commission
Ongoing
President of
ONECCA-TOGO
President and
Vice-President of
SMO 4
Committee
Continue to support compliance with the revised Code of
Ethics. This includes review of the implementation of the
Action Plan to date and updating the Action Plan for future
activities, as necessary.
50
Ongoing
Future activities that should be planned include ongoing
monitoring of amendments of the IESBA Code of Ethics;
adopting subsequent versions of the IESBA Code of Ethics;
informing ONECCA-TOGO about the new versions of the
Code of Ethics; and processing regular updates of training
curriculums.
51.
Ongoing
Once updated, inform IFAC Compliance staff about the
Page 19 of 29
SMO 5–International Public Sector Accounting Standards and Other Pronouncements Issued by the IPSASB
Promote the adoption and implementation of IPSASs in TOGO
Background:
Committee 5 is in charge of SMO 5 and IPSASs.
International Public Sector Accounting Standards (IPSASs) are not yet in use in Togo. However, ONECCA-TOGO will promote the adoption of
IPSASs in the country in accordance with WAEMU communitarian guideline N° 09/2009/CM/UEMOA of June 26th, 2009 on Public sector
Accounting plan. ROSC A&A recommendations implementation Committee, National Council of Accountancy (CNC), State Comptroller General
(IGE) and World Bank Representation in TOGO, will help ONECCA-TOGO in successfully promoting the adoption of IPSASs to comply with IFAC
SMO 5 requirements. Public authorities will be informed on IPSASB works through literature in French on Public sector accounting standards and
updates. At the level of the WAEMU, IPSASs are expected to be implemented in the member countries of the Union by 2017 (art.25). Two
members of each Professional Accountancy Organization (PAOs) in each WAEMU country received training on IPSASs and additional trainings
will be organized at the national level. ONECCA-TOGO has updated the training agenda accordingly. The act of ONECCA TOGO specifies that
only a professional accountant in practice can apply to become member of the institute. On the other hand, there is no declared professional
accountant in the administration services. Presently, only professional accountants in practice can control the financial statements of public
institutions. The CNC is now operational in Togo; actions are underway at ONECCA TOGO level to propose the results of relevant technical
works to the CNC for adoption.
CNC will put the sensitization on IPSASs in its action plan. The Ministry of Finance is responsible for the adoption and the implementation of
IPSASs. As said earlier, WAEMU took guides to require from member countries action towards the implementation by 2017.
#
Start Date
Actions
Completion
Date
Responsibility
Resource
March 2015
President of
SMO 5
Committee
4 volunteers
members of SMO
5 Committee /
ONECCA-TOGO
Council Members
Promoting the Adoption of IPSASs
52.
August
2013
Send the French version of the IPSASs (2005 version) to
the members of SMO 5 Committee.
Page 20 of 29
#
53.
Start Date
August
2013
Actions
The CNC, the Inspecteur General d’Etat, and the resident
World
Bank Delegation in Togo will help lobbying for the
promotion of the implementation of IPSASs
for
governmental entities of Togo and compliance with SMO 5
requirements as soon as OHADA tools on IPSASs are
available
Completion
Date
October 2015
Responsibility
President of
SMO 5
Committee
Public authorities will be sensitized on IPSASB French
publications and subsequent update.
Resource
4 volunteers
members of
SMO 5
Committee
Representatives
of Ministry of
Finance
Supporting the Implementation of the IPSASs
54.
55.
March
2015
March
2015
Organize for members a sensitization campaign on
IPSASs.
members on IPSASs.
Sensitization seminar on IPSASs to set up an internal
working group including public accountants to follow up
on the adoption and implementation of IPSASs.
December
2015
March
2015
President of
ONECCA-TOGO
President and
Vice-President of
SMO 5
Committee and
Continuing
Professional
Development
Commission
President of
ONECCA-TOGO
President and
Vice-President of
SMO 5
Committee and
Continuing
Professional
Development
Commission
Page 21 of 29
#
56.
Start Date
March
2015
Actions
Set up a training and capacity building session for member
and stakeholders.
Completion
Date
Responsibility
Resource
April 2015
President of
ONECCA-TOGO
President and
Vicepresident of SMO
5
Committee and
Continuing
Professional
Development
Commission
Ongoing
President of
ONECCA-TOGO
President and
Vice-President of
SMO 5
Committee
Ongoing
President of
ONECCA-TOGO
President and
Vice-President of
SMO 5
Committee
Continue to support compliance with the IPSASs. This
includes review of the implementation of the Action Plan to
date and updating the Action Plan for future activities, as
necessary.
57.
Ongoing
monitoring of the IPSASB pronouncements and exposure
drafts; providing comments about the exposure drafts; and
informing ONECCA-TOGO members about related
developments.
58.
Ongoing
Page 22 of 29
SMO 6–Investigation and Discipline
Incorporate SMO 6 Requirements
Background:
Committee 6 is in charge of SMO 6. ONECCA-TOGO has a statutory Investigation and Discipline Commission, which works as a trial on charges
against members upon submission by the Council. This is included in the ONECCA TOGO’s Act N° 2001//001 of 23rd January 2001. Respondents
may appeal decisions of the Commission to the Administrative Chamber of the Supreme Court. The commission began its work in March 2013.
ONECCA-TOGO will promote its revision in order to comply with SMO 6 requirements.
Decisions from the Commission are notified to the Ministry of Finance, the Public Prosecutor, to the WAEMU Permanent Council of the Accounting
Profession by the President of the Council. Decisions are published in legal newspaper.
#
Start Date
Actions
Completion
Date
Responsibility
Resource
President and
Vice-president of
SMO 6 Committee
4 volunteers
members of SMO
6
Committee / and
ONECCA-TOGO
Council members
President and
Vice-president
SMO 6 Committee
4 volunteers
members of SMO
6
Committee /
ONECCA-TOGO
Council members
President of
ONECCA-TOGO
4 volunteers
members of SMO
6
Committee /
ONECCA-TOGO
Council members
Promoting the Strengthening of the Investigation and Disciplinary Mechanism
59.
60.
61.
August 2014
October
2014
November
2014
In regard to SMO 6, analyze the conditions of full
compliance of ONECCA-TOGO National Chamber of
Discipline with IFAC requirements; make comparison with
legal framework, and make recommendations.
Approval of the recommendations.
Seminar to prepare a strategy to promote SMO 6
requirements related to the Commission for Investigation
and Discipline / the Disciplinary Council and the Supreme
Court, and the public.
January 2015
March
2015
September
2015
Page 23 of 29
#
Start Date
62.
March 2013
63.
December
2014
Completion
Actions
Responsibility
Resource
Date
Implementation of the adopted strategy to promote SMO 6
requirements.
Organize a sensitization campaign on the Commission for
investigation and discipline (named Commission for
Education, Investigation and Discipline)
President of
ONECCA TOGO
President and
Vice-president of
SMO 2 Committee
President of
ONECCA TOGO
President and
Vice-president of
SMO 2 Committee
and Continuing
Professional
Development
Commission
December
2015
President of
ONECCA-TOGO
President and
Vice-president of
SMO 6 Committee
and Continuing
Professional
Development
Commission
Ongoing
President of
ONECCA-TOGO
President and
Vice-president of
SMO 6 Committee
October 2015
December
2015
Raising Awareness of SMO 6 Requirements
64.
August
2012
Sensitization session on Disciplinary Council.
Assess members awareness on the scope of the Institute’s
Disciplinary Council (Commission for Code of Ethics,
Investigation and Discipline) based on the outcome and
address the knowledge gap.
Search and share jurisprudence case from
organizations to enhance members’ awareness.
other
Continue to support the adopted strategy on Disciplinary
Council. This includes review of the implementation of the
Action Plan to date and updating the Action Plan for future
activities, as necessary.
65.
Ongoing
monitoring of the adopted strategic plan on Disciplinary
Council pronouncements and exposure drafts; providing
comments about the exposure drafts; and informing
ONECCA-TOGO members.
Page 24 of 29
#
Completion
Actions
Responsibility
Resource
Date
Start Date
Review ONECCA-TOGO’s Compliance Information
66.
Ongoing
Ongoing
President of
ONECCA-TOGO
President and
Vice-president of
SMO 6 Committee
Page 25 of 29
SMO 7–International Financial Reporting Standards and Other Pronouncements issued by the IASB
Maintain and continuously improve an ongoing program for adoption and implementation of IFRS
Background:
Committee 7 is in charge of SMO 7 and International Financial Reporting Standards (IFRSs) are not yet implemented in Togo. The standards in
use are those issued by regional organizations (WAEMU and OHADA).
The accounting system in force in Togo is the OHADA Accounting System. The National Council of Accountancy (CNC) just began its activities.
The Board of ONECCA TOGHO has set up a committee to back up this Council in its activities. ONECCA TOGO held a training for all members
on IFRS from August 26th to August 29th, 2013. The World Bank is financing the review of the accounting system of OHADA (grant signed in
June 2012). A consultant signed a contract with OHADA in February 2015.
The current project aims the adoption at the OHADA level of the IFRSs. There are different viewpoints among Accounting Professionals. While
some are for the full adoption of IFRSs fearing an Accounting System with many steers, others are for an adaptation of IFRS for Public Interest
Entities (Bank, Insurance, etc…) and the OHADA Accounting System for Small and Medium Enterprises. OHADA countries are currently involved
in the process of revision of the accounting standards in use in OHADA countries. The World Bank project also aims to review the Uniform Acts
in order to incorporate the adoption of IFRSs.
#
Start Date
Actions
Completion
Date
Responsibility
Resource
Completed
President of
ONECCATOGO and
SMO 7
Committee
3 volunteers
members of SMO
7 Committee /
ONECCA-TOGO
Council members
Completed
President of
ONECCATOGO
and SMO 7
Committee
SMO 7 Committee
5 volunteers
members
ONECCA-TOGO
Promoting IFRSs at the National Level
67.
68.
June
2012
With the assistance of the IGE, Government General
Controller and the President of the National Council of
Accountancy (CNC), also Government Supervisor to
ONECCA-TOGO, contact Togo government to sensitize
on the need for ONECCA-TOGO and Togo to have a
fully and operational CNC in accordance with 2009 ROSC
A&A recommendations on CNC, which has the
responsibility to make recommendations on accounting
related issues.
January 2013
Designation of thee members of ONECCA TOGO who will
belong to the CNC, after a letter of the Minister of Finance.
On February 5th, 2013, ONECCA TOGO sent the list of the
5 volunteers awaiting for the nomination of the Minister
Page 26 of 29
#
Completion
Actions
Responsibility
Resource
Date
Start Date
Send the French version of IFRSs to the members of SMO
7 Committee.
69.
70.
June 2012
Nov 2013
Set up a Joint Committee between ONECCA-TOGO
and the Ministry of Finance to propose a plan on the
implementation and promotion of IFRSs to the CNC in
accordance with OHADA review of the Uniform Acts
to converge to IFRSs.
Seminar gathering CNC and stakeholders to approve the
Joint
Committee’s plan.
President of
ONECCATOGO
3 volunteers
members of SMO
7 Committee /
representatives of
Ministry of Finance
President of
joint
Committee
3 volunteers
members of SMO
7 Committee /
representatives of
Ministry of Finance
President of
ONECCATOGO
Committee and
Continuing
Professional
Development
Commission
Completed
President of
ONECCATOGO
SMO 7 Committee
and Continuing
Professional
Development
Commission
Completed
President of
ONECCATOGO
SMO 7 Committee
Volunteer from
ONECCA TOGO
Completed
June 2015
July 2015
Supporting Implementation of IFRSs
71.
72.
73.
July 2013
August
2012
November
2012
Sensitization workshop on IFRSs to set up an internal
working group including public accountants to study the
adoption and implementation of IFRSs in accordance with
OHADA related initiative.
Set up members and stakeholders’ capacity building
session on
IFRSs.
Training of members on IFRS: Fixed assets
December
2015
Page 27 of 29
#
74.
75.
Completion
Actions
Responsibility
Resource
Date
Start Date
October 2012
October 2012
Training of members on IFRS: Inventory
Training of member in IFRS: Consolidation
Completed
President of
ONECCATOGO
SMO 7 Committee
Volunteer from
ONECCA TOGO
Completed
President of
ONECCATOGO
SMO 7 Committee
Volunteer from
ONECCA TOGO
76.
October
2013
In accordance with Ministry of High Education and
Scientific
Research;
insert
IFRS
into
Accounting
and
Management curriculum.
Ongoing
President of
ONECCATOGO
SMO 7 Committee
and Continuing
Professional
Development
Commission
77.
January
2014
Create a special ONECCA-TOGO magazine on IFRSOHADA to promote IFRSs.
Ongoing
President of
ONECCATOGO
Committee
President of
ONECCATOGO
Committee and
Continuing
Professional
Development
Commission
78.
January
2014
Set up an internal Task group including Accountants in
business to
Follow up IFRS implementation.
Ongoing
Page 28 of 29
#
79.
Completion
Actions
Responsibility
Resource
Date
Start Date
August
2013
members on
IFRSs.
Ongoing
President of
ONECCA-TOGO
President and
Vice-president of
SMO 2 Committee
and Continuing
Professional
Development
Commission
Ongoing
President of
ONECCA-TOGO
President and
Vice-president of
SMO7 Committee
Ongoing
President of
ONECCA-TOGO
President and
Vice-president of
SMO7 Committee
Maintaining Ongoing Process
Continue to support compliance with the IFRSs. This
includes review of the implementation of the Action Plan to
date and updating the Action Plan for the future activities.
80.
Ongoing
Future activities that should be planned include
ongoing monitoring of new and revised IFRSs and
exposure drafts; providing comments about the
exposure drafts; and informing
ONECCA-TOGO members about new standards.
81.
Ongoing
Page 29 of 29

ONECCA-TOGO

Transcription

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