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Emerging Issues and Outreach Working Group

Emerging Issues and Outreach Working Group. Gary Hannaford, IESBA Member IESBA Meeting New York March 11-13, 2013. Focus of Working Group. Two-pronged: emerging issues and outreach Emerging issues IESBA cannot set standards in a vacuum

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Emerging Issues and Outreach Working Group

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  1. Emerging Issues and Outreach Working Group Gary Hannaford, IESBA Member IESBA Meeting New York March 11-13, 2013

  2. Focus of Working Group • Two-pronged: emerging issues and outreach • Emerging issues • IESBA cannot set standards in a vacuum • Importance of IESBA being seen to be in the vanguard • May enhance perceptions of IESBA responsiveness and relevance • May enhance effectiveness of standard setting through better awareness and understanding of emerging issues and their implications • May help IESBA identify on timely basis important debates in which to engage

  3. Focus of Working Group • Outreach • A strategic IESBA priority • Helps to increase stakeholder awareness, buy-in and recognition of, and support for, IESBA’s work • A conduit for IESBA to directly hear of stakeholder concerns • Enhances IESBA’s sensitivity to needs, cultures and values of different stakeholders • Enhances perceptions of IESBA as an international Board

  4. Emerging Issues – Key Matters to Consider • Search • How to identify emerging issues early? • Best and most cost-effective sources? • How to keep track of emerging issues? • Filtering • How to identify which issues to raise with the Board? • Criteria? Frequency? • Expected outcomes? Success measures? Pitfalls? • Importance of a resource-light approach

  5. Outreach – Key Matters to Consider • Target stakeholders? • Best ways to undertake it? • How to involve IESBA members? • Types of support/materials that would be useful/needed? • How to ensure uniformity of messages? • A media strategy? • What is achievable? • Pitfalls?

  6. Way Forward • Balanced WG composition • WG to develop Terms of Reference • Ongoing role? • Open mandate to make recommendations? • Role of individual WG members? • WG meeting frequency? • Resourcing? • WG to recommend strategy, process and way forward • Timeline for WG recommendations

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