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e-Chronicle Sep-Dec 2010

e-Chronicle: Final issue for 2010

Dear Readers,

This will be the final issue of CAPA e-Chronicle for the year 2010. From January 2011 onwards, the CAPA e-Chronicle will be presented in a new format. This is in line with the revamp of CAPA's website and our continuing effort to bring more relevant information to you in a timely manner.

The CAPA website has been redesigned with the objective of providing Members a platform to share information and resources that will benefit the accounting profession in the region, and this will only be successful with active participation and contribution from Member bodies. Therefore, CAPA Member bodies are encouraged to contribute suitable contents to be included on the CAPA website on a regular basis.

As a registered subscriber of e-Chronicle, you will continue to receive updates from us electronically, including our revamped newsletter in January 2011. We thank you for your interest in CAPA's initiatives and look forward to your continued support.

See you in 2011!

CAPA Secretariat

CAPA Meetings November 2010 in Kuala Lumpur
CAPA meetings were held on 6-7 November, in conjunction with the World Congress of Accountants (WCOA) 2010. It was hosted by the Malaysian Institute of Accountants (MIA) which was also the organiser for the World Congress.  | full story >>

Sneak Preview of CAPA's new website at Members Forum
Members had a sneak preview of the new CAPA website at the Members Forum held on 7 November 2010 in Kuala Lumpur, Malaysia. The website revamp was one of the projects in the CAPA 2010 Work Program approved by the Board. Chief Executive, Brian Blood took Members on a virtual tour of the website and its functions.  | full story >>

IFAC News - September-December 2010

1) IAASB proposes new Guidance on Auditing Complex Financial Instruments  | read article >>

2) Accountancy Summit on Corporate Governance Reform looks beyond the Global Financial Crisis  | read article >>

3) IFAC SMP Committee releases Updated ISA Guide  | read article >>

4) IAASB addresses Compilation Engagements; eposes enhanced Standard  | read article >>

5) IAASB reports on CLarity ISA Implementation Monitoring; releases further resources to support implementation  | read article >>

6) IFAC addresses the Concept of the Public Interest  | read article >>

7) International Federation of Accountants annouces Goran Tidstrom as its New President; Warren Allen elected as Deputy President  | read article >>

8) IFAC presents Prestigious Sempier Award and other Special Awards at WCOA  | read article >>

9) International Federation of Accountants responds to Monitoring Group Report  | read article >>

10) International Federation of Accountants posts Notice of the 2012 Call for Nominations for Boards and Committees  | read article >>

11) IPSASB publishes 2010 Annual Improvements Standard  | read article >>

Members Updates - September-December 2010

CPA Australia

1) CPA Australia extends support for GRI's Focal Point  | read article >>

2) CPA Australia website wins award  | read article >>

Institute of Chartered Accountants in Australia

1) Collaboration creates powerful Asia-Pacific accountancy bloc  | read article >>

2) Asia Strategy extends to Sri Lanka  | read article >>

3) Representing the region to the United Nations  | read article >>

4) 2011 brings huge opportunities for accountants to Australia  | read article >>

5) Institute supports 12 academic research papers  | read article >>

6) Draft standard sparks closer watch on water resources  | read article >>

7) New tripartite agreement to transform support for public sector acccountants  | read article >>

8) Asia-Oceanian Standard Setters Group strengthens presence in the region  | read article >>


1) CGA-Canada supports the IFAC with resources for SMPs  | read article >>

2) CGA-Canada partners with CPA Ireland on Entrepreneurship Study  | read article >>

3) CGA-Canada calls for National Entrepreneurship Strategy to stimulate growth and innovation  | read article >>

Institute of Chartered Accountants of India

1) Roundtable Conference - Commerce and Accounatncy Education System in India: Issues and Challenges  | read article >>

Institute of Costs & Works Accountants of India

1) ICWAI signs a historic accord with Russian Accounting Institute  | read article >>

2) ICWAI Council Member - AN Raman's interview with German magazine  | read article >>

3) ICWAI 52nd National Convention  | read article >>

Japanese Institute of Certified Public Accountants

1) Exchange meetings with CICPA and KICPA  | read article >>

Korean Institute of Certified Public Accountants

1) K-IFRSs is expected to stimulate corporate restructuring  | read article >>

2) Uniform accounting standards for redevelopment projects urgently needed  | read article >>

3) I will let the voice of Korean companies heard in IFRS Foundation  | read article >>

4) IFRS Foundation hosted its Trustees meeting in Seoul  | read article >>

5) Seminar to enhance usefulness of the government's financial information  | read article >>

6) IFRS adoption is two months away  | read article >>

Malaysian Institute of Accountants

1) Malaysia on track for full adoption of IFRS by 2012  | read article >>

Mongolian Institute of Certified Public Accountants

1) Visit of the ICAI to MonICPA  | read article >>

New Zealand Institute of Chartered Accountants

1) NZICA welcomes Allen appointment  | read article >>

2) New Tripartite agreement to transform support for public sector accountants  | read article >>

Institute of Chartered Accountants of Pakistan

1) ICAP Newsletter - October 2010 issue  | read article >>

2) ICAP Conference on Public Sector Accounting in Pakistan  | read article >>

Institute of Chartered Accountants in England and Wales

1) ICAEW: FASB financial instruments proposal increases complexity  | read article >>

2) 'Better governance, fewer resources' - ICAEW commits expertise of members  | read article >>

3) ICASL and ICAEW signs landmark agreement to enhance the accountancy profession  | read article >>

4) EU debate must focus on audit quality and market confidence | read article >>

5) ICAEW welcomes future IASB leaders  | read article >>

6) Take real steps to tackle corruption, ICAEW tells G20 leaders  | read article >>

7) ICAEW hosts global policy summit  | read article >>


1) ACCA elects new President  | read article >>

2) ACCA welcomes EC Green Paper on audit  | read article >>

3) Enhance the role of audit, say global finance experts  | read article >>

American Institute of Certified Public Accountants

1) 2010 AICPA Leadership Academy prepares young CPAs for stewardship of the profession  | read article >>

2) Blue Ribbon Panel addressing Standards weighs GAAP with exceptions and a separate Standards Board  | read article >>

3) Paul V. Stahlin elected Chairman of AICPA  | read article >>

4) New AICPA book reveals the "Inside Track" to accounting careers  | read article >>