Inter-American Development Bank
International Forum on Accountancy Development

Implementation of International Standards for Accounting and Auditing

April 2, 2001

Opening Proceedings

Tsuguoki Fujinuma, Chairman, IFAD, International Forum of Accountancy Development (presentation - PowerPoint)

Tom Jones, Vice-Chairman, International Accounting Standards Board

A Review of the Development of Accounting Standards and the Role of Accounting and Auditing Standards to Promote Financial Sector Development.

Fábio Fonseca, Head of Corporate Finance Division, Brazilian Securities and Exchange Commission (presentation - PowerPoint)

Session 1: International Standards, Accountability and Transparency

Moderator: The IFAD Vision for Improving Financial Reporting and Auditing Practices
Jacques Manardo, Senior Partner, Deloitte Touche Tohmatsu
(presentation - PowerPoint)

Panel

- International Accounting Standards
Enrique Ortega, Deputy Director, Accounting, ICAC, Spain

- International Auditing Standards, Ana Maria Elorrieta, Member, International Auditing Practices Committee
(presentation - PowerPoint)

- Impact of Disclosure on Financial market Development
Kenroy Dowers, Financial Sector Specialist, IDB
(presentation - PowerPoint)

Session 2: Developing Country Action Programs

Moderator: Overview of Vision for Country Action Programs, Antonio Carlos Nasi, President, IAA

Panel

- Benchmarking - Identifying Gaps Between National Practices and International Standards
Richard Findlater, Senior Partner, Ernst and Young

- Country Action Programs and Developing a Country Action Plan
Brian D. Smith, Secretary to Major Firms Group

- The Role of the Inter-American Accounting Association
Ivan Sotomayor, Board Member, IAA
(presentation - PowerPoint)

- Accounting reforms, the Chilean Experience
Lucía Canales, Division Chief, Financial Control, Superintendencia de Valores y Seguros, Chile
(presentation - PowerPoint)

Session 3: Implementing International Accounting and Auditing Standards: Experiences and Strategies

Moderator: Overview of Vision for Process of Implementation
Pietro Masci, Division Chief, Infrastructure and Financial Markets Division, IDB

Panel

- Actions by the International Firms
David Morse, PriveWaterhouse Coopers

- The Case of Brazil
Nelson Carvalho, Professor, University of Sao Paulo
(presentation - PowerPoint)

- The Case of Argentina
Edgardo Phiellip, President, Argentina Federal Council for Economics Professionals

- How Small Emerging Countries Could Be Part of this Process,
Edgar Fernando Nieto, Accountant General, Colombia

Session 4: The Role of Multilateral Agencies

Panel

Bill Taylor, Auditor General, Inter-American Development Bank

Pietro Masci, Division Chief, Infrastructure and Financial Markets Division, IDB (presentation - PowerPoint)

Lynnette Asselin, Senior Public Financial Management Specialist, IDB

Fernando Jiménez-Ontiveros, Senior Coordinator, Multilateral Investment Fund (MIF)

Paul Bermingham, Chairman of the Financial Management Board, World Bank

Closing
Antonio Vives, Deputy Manager, Sustainable Development Department, Private Enterprise and Financial Markets, IDB