The International Accounting Standards Board (IASB) and the IFRS Foundation issued Invitation to Comment (ITC): IASB and IFRS Interpretations Committee Due Process Handbook in May 2012. As an organization that supports four independent, international standard-setting boards, IFAC recognizes the public interest imperative of having in place robust and transparent due process arrangements for standard setting.
IFAC Board Technical Advisor for Gregory Anton
United States of America
Susan Coffey, CPA, CGMA, is Senior Vice President, Public Practice & Global Alliances at the American Institute of CPAs (AICPA). In this role, she is responsible for supporting and enhancing the quality of CPA firm practices, and overseeing AICPA’s international relations initiatives.
Ms. Coffey works to support and enhance the quality of CPA firm practices, by leading AICPA activities related to professional standards, business and financial reporting, taxation, professional ethics, practice monitoring, state legislation/regulation and CPA firm services. She is also responsible for creating and fostering new alliances across the globe, to support and strengthen the value of the US CPA abroad.
Her responsibilities span a number of diverse communities and stakeholders, both domestic and international. Her wide range of experience allows her to bring a broad view to strategic planning, risk management, and problem-solving.
Under her leadership, Ms. Coffey’s teams work to serve and protect the public, by working with the federal and state regulatory communities to review, enact, and enhance rules, regulations, and laws that protect the public, promote uniformity, and provide for the efficient practice of public accountancy.
A licensed CPA in New York and New Jersey, Ms. Coffey is a member of the AICPA and the New Jersey Society of CPAs. She is also a member of the Professional Practice Executive Committee of the Center for Audit Quality, an AICPA affiliate, and the Advisory Council for Prince Charles’ Accounting for Sustainability Project.
Prior to joining the AICPA, Ms. Coffey worked for PricewaterhouseCoopers' accounting and auditing practice. She holds a BS degree in accounting from Fairfield University in Fairfield, Connecticut.
IFAC Board Technical Adviser for Kathryn Byrne
United States of America
Jim Knafo is a Technical Advisor for IFAC Board Member Kathryn Byrne as well as a member of the IFAC Membership Committee. He previously served on the IFAC Compliance Advisory Panel.
Mr. Knafo is the Director, Global Alliances – Public Practice at the Association of International CPAs. In this role, he represents the US accounting profession internationally, helps develop and implement international strategy, and leads the global alliances team.
In addition, Mr. Knafo is a Director on the board of the Confederation of Asian and Pacific Accountants (CAPA) and a member of the CAPA Governance Committee and the Professional Accountancy Organization Development & Advisory Group. He is also a Technical Advisor for the Global Accounting Alliance Board.
Mr. Knafo is a graduate of the University of Toronto and holds several accounting certifications in the US and Canada, including CPA and CGMA credentials.
Dan Montgomery, deputy chairman of the IAASB and chairman of its Auditor Reporting Task Force speaks to Accountancy Age on the IAASB’s call for auditor reporting reform.
Stuart Gittleman of Thomson Reuters reports on the release of the IESBA's Exposure Draft, Responding to a Suspected Illegal Act.
This Exposure Draft (ED) proposes new requirements that address a professional accountant’s responsibilities regarding the disclosure of suspected illegal acts committed by a client or employer. The proposals describe the circumstances in which a professional accountant is required or expected to override confidentiality and disclose the act to an appropriate authority.