2013 AGN I NTERNATIONAL W ORLD C ONGRESS P RESENTED B Y L IAM M C Q UAID V ENICE, I TALY 24 TH S EPTEMBER 2013 AGN I NTERNATIONAL A CCOUNTING & A UDITING C OMMITTEE 1

Introducing Liam McQuaid Managing Partner – Duignan Carthy O’Neill, Dublin, Ireland Director – AGN International & AGN Europe Chair – AGN International Accounting & Auditing Committee (IAAC) Member of – Financial Reporting Council – Technical Advisory Group Member of Accounting Committee – Chartered Accountants Ireland 2

AGN INTERNATIONAL ACCOUNTING AND AUDITING COMMITTEE (IAAC) 3

AGN International Accounting & Auditing Committee (IAAC) BackgroundAchievements Future Plans FundingHow IAAC can help youConclusion 4 Overview

IAAC Background Established in September 2011 by AGN International Board Mission from AGN International Board: IFRS standards: Synopsis of new releases ISA issues: summary of new releases and best practice approach ISQC implementation support Source of information to resolve issues in respect of IFRS, ISA and quality related questions Creation of training sessions Liaison with regional structures/Boards on these matters The final scope to be determined by the committee itself at its first meeting 5

IAAC Background cont. Current Committee Members 6 Liam McQuaid Chairman dcon.ie Pers Aswani Vice Chairman hazelmsfenton.com Marielos de Rueda pakyasoc.com Liz Gantnier stegman.com Anton Kalanov interexpertiza.ru John Nicklas meadenmoore.com Hendang Tanusdjaja yahoo.com Scott Walters daszkalbolton.com Liam McQuaid – Chair 2 year termPers Aswani – Vice Chair

IAAC - Achievements 2 face-to-face meetings in Prague, Czech Republic (September 2011) and in New Orleans, USA (October 2012) 7 Teleconference meetings since inception, 2 on Skype 6 Newsletters issued (English and Spanish) 4 IFRS Experts interviewed and appointed for IFRS Expert Database Members advised of IAAC availability to answer IFRS/ISA/Accounting/Audit questions Approval of Accounting Articles on AGN website 7

IAAC – Achievements cont.… Global Audit Instructions produced in English and Spanish language Forum created for discussions about audit and accounting related matters Webinar on IFRS 13 completed Webpage on AGN International Website Created Presentation on IFRS at Asia Pacific 2013 Regional Meeting Presentation on IFRS/IAAC at 2012 & on IAAC at 2013 AGN World Congress 8

IAAC: Future Plans & Work Programme IFRS Share Groups AGN IFRS Global Conference – AGN Members and Non Members IFRS surveys and client interviews Staff exchange IFRS for SME’s considerations Liaise with AGN International Tax Committee XBRL AGN Prize Social Media Marketing IAAC 9

IAAC: Future Plans & Work Programme cont. Continue with 2011 – 2013 Achievements: Meetings Newsletter IFRS Expert Database Availability to answer member questions Approval of accounting articles on AGN website Forum Webinars 10

IAAC - Funding IAAC Budget £Stg 10,000 per annum One face-to-face meeting costs £Stg 10,000 in airfares/accommodations Committee Members receive no remuneration for time 11

How IAAC can help you Present Available to answer IFRS/ISA/Accounting/Audit inquiries Newsletter for distribution Database of 4 IFRS Experts to consult – seeking more candidates! Global Audit instructions for AGN Audit Engagement Forum for Discussions on Audit & Accounting topics Webinar for training 12

How IAAC can help you cont. In the Future IFRS Share Groups AGN IFRS Global Conference IFRS Surveys and Client Interviews for client distribution Staff Exchange 13

IAAC – Conclusion IAAC is a valuable resource available to AGN members – Please Use It Share your views and suggestions IAAC Information on AGN International Website at: “ Learning is the only thing the mind never exhausts, never fears, and never regrets” Leonardo Da Vinci 14

Contact Details Duignan Carthy O’Neill, Chartered Accountants 84 Northumberland Road, Dublin 4, Ireland Contact:Liam McQuaid Web Site: 15