Different Bodies Flashcards
IESBA
International Ethics Standards Board for Accountants
IFAC
Internaltional Federation of Accountants
represents all major accountancy bodies in the world
not a membership body
CGMA
joint venture by
AICPA and CIMA
american institute of CPAs
Chartered institute of management accountants
FRC
Financial Reporting Council
UK’s proffesional oversight board for the AAA
accounting, audit and acturial professions
FRC conduct committee
regulates specific activities of the UK accountancy bodies
Reg and monitor of members
Training and education
CPD
Conduct and Discipline
FRC codes and standards committee
UK
responsible for maintaining an effective framework of UK codes and standards for AAA and CG
+stewardship of institutional investors and actuarial tech standards
OECD
Organisation for economic cooperation and development
-lays out principles of corporate governance
lays out general policies on CSR - for multinational companies
non binding
UK CGC
UK corporate governance code - BY FRC
SOX
Sarbanes Oxley Act
- created the Public Company Accounting Oversight Board
SEC
U.S. Securities and Exchange Commission
created in the aftermath of the Wall Street Crash of 1929
UN Compact
UN body that supports companies to do business
lots of signatories
EU IPP
Integrated product policy for POLICY MAKERS
GRI
Global Reporting Initiative - indep org on sustainability
NCA
National crime agency
MLRO makes SAR to NCA
