Ordre des Experts-Comptables et Comptables Agréés du Bénin
Associate | Established: 2006 | Associate since 2011
The Ordre des Experts-Comptables et Comptables Agréés du Bénin (OECCA-Bénin) is the only legally recognized professional accountancy organization in Bénin with mandatory membership requirements for all Expert-Comptables (ECs), Comptables Agréés (CAs), and audit firms. Law No. 2004-03 provides for the two classes of members in OECCA-Bénin, ECs and CAs. OECCA-Bénin is actively involved in the Conseil National de la Comptabilité of the Organization for the Harmonization of Business Law in Africa and the Conseil Permanent de la Profession Comptable, the regional accounting and auditing standard-setter bodies.
Statements of Membership Obligations (SMOs)
The Statements of Membership Obligations form the basis of the IFAC Member Compliance Program. They serve as a framework for credible and high-quality professional accountancy organizations focused on serving the public interest by adopting, or otherwise incorporating, and supporting implementation of international standards and maintaining adequate enforcement mechanisms to ensure the professional behavior of their individual members.
With no direct responsibility for the adoption of a quality assurance (QA) system, OECCA-Bénin uses its best endeavors at the regional and national level to support the adoption of a QA system that is aligned with SMO 1. As the chair of the Council of the Chartered Accountants Profession (Le Conseil Permanent de la Profession Comptable), OECCA-Bénin works with other professional accountancy bodies to better understand and promote the adoption and implementation of QA review systems in the region. Nationally, it lobbies the authorities to amend applicable laws to facilitate the adoption and implementation of ISQC 1 and a QA review system that is compliant with SMO 1.
OECCA-Bénin supports the implementation of its recently adopted QA system, and the anticipated regional system, by training quality controllers and distributing learning material and implementation guidance on ISQC 1. It had plans to launch a pilot QA system in 2015 using selected audit firms, after which it planned to extend participation to other audit firms on a voluntary basis, with the final intention of making the system mandatory.
OECCA-Bénin is encouraged to continue its efforts to ensure adoption of a mandatory QA review system in Bénin, once the requirements at the regional level have been finalized. It is also encouraged to put in place mechanisms to regularly update its members on standard-related matters and international developments in quality control. Also, the inclusion of standard-related topics in continuous professional development offerings would be beneficial to its members.
OECCA-Bénin continues to support the implementation of IES with periodic reviews of national professional accountancy education programs against the requirements of IES and SMO 2 to address identified gaps.
Since 2012, it has focused its efforts on:sensitizing the government to the importance of compliance with IES;initiating a review of the previously revised program of accountancy education;collaborating with international educators about accountancy education programs for students in Bénin;converting Comptables-Agréés to Expert-Comptables and setting the requirements to enable the conversion;providing training and training-related materials to its members;covering local business law and auditing in training and examination materials.
OECCA-Bénin should provide information about the arrangements for monitoring practical experience and continuous professional development requirements. It is also encouraged to contribute to the international standard-setting process by providing comments on Exposure Drafts issued by the IAESB. It should also provide information on the availability of translated IES to relevant authorities involved with professional accountancy education in Bénin.
OECCA-Bénin uses best endeavors to support the adoption and implementation of ISA in Bénin. It requires its members to use ISA to conduct audits, while it continues to lobby and raise the awareness of government and relevant private sector authorities of the importance of legal ISA adoption in Bénin.
It provides technical support on ISA implementation to its members through training sessions, continuous professional development courses on audit related-topics, and the provision of educational material on CDs and through its website.
There are ongoing efforts to obtain all translated IAASB Standards and Exposure drafts to make them accessible to members.
It intends to disseminate West African Economic and Monetary Union ISA application guides to its members when they are available.
OECCA-Bénin is encouraged to showcase the activities that it conducts annually to assist members with ISA implementation. It would be beneficial to its members for OECCA-Bénin to institute mechanisms to (i) update members on new and revised pronouncements issued by the IAASB, and (ii) to participate in the international standard-setting process.
OECCA-Bénin proactively revised its Code of Ethics for better alignment with the IESBA’s Code of Ethics for Professional Accountants in the absence of a legally mandated Code of Ethics for the profession at the regional or global level. It continues to lobby the government to secure legal backing of the revised Code of Ethics.
Since the revision of the Code of Ethics in 2012, OECCA-Bénin assists members with compliance through training sessions to raise awareness and familiarize them with the requirements. In 2014, OECCA-Bénin members were provided with educational material on the Code of Ethics of an established IFAC member on CDs and the Ordre’s website.
OECCA-Bénin is encouraged to monitor revisions to IESBA’s Code of Ethics and establish a process to update members on new and revised requirements. The Ordre is also encouraged to ensure that ethics-related topics are updated in the continuous professional development curriculum/syllabi so that courses cover relevant areas. OECCA-Bénin’s participation in the international standard-setting process by providing comments on IESBA Exposure Drafts is also encouraged.
To support the adoption and implementation of IPSAS in Bénin, OECCA-Bénin intends to focus on (i) raising awareness of relevant members of government entities on the importance of adopting IPSAS and (ii) increasing members’ knowledge of the Standards.
OECCA-Bénin continues to lobby for the adoption of IPSAS in Bénin with the assistance of donors and key stakeholders such as the Inspecteur Général d’Etat. The Ordre plans to provide informational material to the authorities subject to availability in French.
In 2014, OECCA-Bénin provided members with a CD on IPSAS, made the same material available on its website, and is making arrangements to share this material with the Ministry of Economy and Finances. In addition, it participated in training on IPSAS at the regional level and, in turn, has provided training sessions on IPSAS for members and other stakeholders. It also indicates that it is in the process of establishing a working group to study the adoption and implementation of IPSAS.
OECCA-Bénin is encouraged to make translated versions of IPSAS available to relevant stakeholders and its members. It is also encouraged to implement mechanisms to update members on new and revised IPSASB pronouncements and to participate in the international standard-setting process.
OECCA-Bénin plans to benchmark its investigative and disciplinary (I&D) system against the requirements of SMO 6 to identify gaps and make recommendations to facilitate full compliance. To fully comply with SMO 6, it has identified a range of activities to be completed in 2015. It will prepare a strategy to raise awareness of key stakeholders in the judiciary, the public, and its members of the requirements of SMO 6. It also plans to raise awareness of the I&D system, share case studies from other professional accountancy bodies in France, assess members’ knowledge of the system and address knowledge gaps.
OECCA-Bénin is encouraged to provide more information on the features of the current I&D system and the activities of the National Chamber of Discipline of OECCA-Bénin. As OECCA-Bénin performs the analysis, it should keep IFAC’s Quality and Membership staff informed about the results of the review and resulting recommendations.
As chair of the regional accounting standard-setting body Conseil National de la Comptabilité (CNC), OECCA-Bénin is actively involved in the review of accounting standards used in Bénin and other Organization for the Harmonization of Business Law in Africa member states.
At the national level, it collaborates with key government stakeholders to raise awareness on the importance of establishing a fully functional CNC to assist with accounting standard setting at the regional level and implementation at the national level. It intends to conduct meetings with governmental authorities and will attempt to establish a joint committee between OECCA-Bénin and the Ministry of Finance to promote adoption of IFRS for public interest entities in Bénin.
OECCA-Bénin has participated in Train-the-Trainers sessions at the regional level and facilitated training sessions for members on IFRS at the national level. Additional plans to support implementation of IFRS include creation of a special magazine to promote IFRS; formation of an internal task force with members from the business community to monitor IFRS implementation; and collaborate with relevant authorities to revise the university accounting curriculum to cover IFRS.
OECCA-Bénin is encouraged to include coverage of IFRS in its continuous professional development course offerings and implement mechanisms to update members periodically on new and revised pronouncements issued by the IASB. The Ordre is also encouraged to participate in the international standard-setting process by providing comments on IASB Exposure Drafts.
IFAC bears no responsibility for the information provided in the SMO Action Plans prepared by IFAC member organizations. Please see our full Disclaimer for additional information.