IAESB Agenda Item 8-2 Developing Professional Accountants in Business (PAIBs) for the Strategic Business Partner’s Role - Proposed Non-Authoritative Learning.

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Presentation transcript:

IAESB Agenda Item 8-2 Developing Professional Accountants in Business (PAIBs) for the Strategic Business Partner’s Role - Proposed Non-Authoritative Learning Outcomes (NLOs) IAESB meeting 24–26 June 2019 Toronto, Canada

Background PAIB Working Group commenced in September 2018 Initial objective: develop non-authoritative guidance to support users, through a Professional Accountant in Business (PAIB) lens / perspective Draft guidance document presented to CAG and Board at April 2019 IAESB meeting in Bali Following April 2019 meeting, project objective was refined and refocused based on the various viewpoints and constructive feedback from CAG and Board

Focused scope / objective Increased specificity and context Key Changes Focused scope / objective PAIBs in role of future-ready strategic business partner Increased specificity and context Numerous “general” / “non-unique” NLOs eliminated Remaining NLOs refined and refocused Addition of third column with contextual descriptions / explanations Expanded introduction explain purpose, target audience, how guidance should be used Revised presentation format Various formats were explored and considered More narrative, but retain tabular linkage to IESs

Expanded sources of information and input used: Process Employed Expanded sources of information and input used: CGMA’s Competency Framework IMA’s Management Accounting Competency Framework professional knowledge and experience of Working Group members CPA Canada Competency Map SAICA Competency Framework Draft documentation from ICT Taskforce Comment Letter received from the Chair of the PAIB Committee of the IFAC regarding the IAESB’s Proposed Revisions to IESs 2, 3, 4, and 8

Additional feedback and input obtained: Process Employed Additional feedback and input obtained: Independent evaluation “cold review” PAIB Committee of the IFAC IAESB DWG light review Management Accounting Section of American Accounting Association IAESB Chair Independent evaluation “cold review” (again) IAESB DWG light review (again)

Questions Are there any significant enhancements to the PAIB Non-Authoritative Guidance that you suggest? If so, which ones and why? Do you approve of the content of this Non- Authoritative Guidance?