Action Plan Template The following template should be used for Action Plans to be submitted to the Compliance staff

and Compliance Advisory Panel and for ultimate publication on the IFAC website. Each S ! area should be addressed in a separate section of the Action Plan. For S ! areas where Policy "ecommendations were issued# actions should address all agreed Policy atters. For S ! areas where the organi$ation appears to be using best endeavors# the Action Plan should indicate that processes are in place to support continuous use of best endeavors. Description of the Template Columns For more detailed guidance please refer to the %uidance &otes on the Part '# Action Plans available from the Compliance Program website at http())www.ifac.org)ComplianceProgram) When drafting Action Plans members and associates are required to use the template. In summary, the three main information columns (Actions, Responsibility, and Resource) should indicate the following information Actions column should indicate steps to establish !ey committees or see! funding " resources to carry out the planned acti#ities as well as description of the !ey acti#ities. It should also include !ey go#ernance steps li!e appro#al by the $ouncil. Responsibility column should indicate the person " position responsible for carrying through specific action, for e%ample president, $&' or committee chair. Resource column should indicate those specific resources (human and financial) that are required to carry out the action. In many cases those resources already e%ist at the organi*ation (for e%ample, technical staff, #olunteer members of the $ouncil and committees) and part of the normal operation of your organi*ation. Where there is some additional resource needed, please indicate the cost (at least the estimate) and whether e%ternal funding will be sought. Also where an action requires use of consultants (designing the processes, etc.) it should be also indicated in this column.

Action Plan *eveloped by &A E !F IFAC E +E")ASS!CIATE BACKGROUND NOTE ON ACT ON P!AN" Action Plans are de#eloped by I+A$ members and associates to address policy matters identified through their responses to the I+A$ $ompliance ,elf-Assessment .uestionnaires. /hey form part of a continuous process within the I+A$ 0ember 1ody $ompliance Program to support the ongoing de#elopment and impro#ement of the accountancy profession around the world. Action Plans are prepared by members and associates for their own use based on the national framewor!s, priorities, processes and challenges specific to each 2urisdiction. As such, they will #ary in their ob2ecti#es, content and le#el of detail, consistent with their differing national en#ironments and stages of de#elopment, and will be sub2ect to periodic re#iew and update. Refer to responses to the Part 3 Assessment of the Regulatory and ,tandard-,etting +ramewor! .uestionnaire and Part 4 ,0' ,elfAssessment .uestionnaire for bac!ground information on each member and associate their en#ironment and e%isting processes. /hese responses may be #iewed at http ""www.ifac.org"$omplianceAssessment"published5sur#eys.php Use of nformation Please refer to the 6isclaimer published on the $ompliance Program website. ACT ON P!AN #AC $ember%Associate& Appro'e( by Go'ernin) Bo(y& Date Appro'e(& Date Publishe(& Glossary "A International ,tandards on Auditing ,&ame of !rgani$ation,&ame of the governing body that approved this Action Plan e.g. Council# +oard,*ate approved by governing body[*ate of publication on the IFAC website-

(list all the acronyms used on the Action Plan)

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Action Plan *eveloped by &A E !F IFAC E +E")ASS!CIATE Action Plan "ub,ect& Action Plan Ob,ecti'e&
"tart Date

,0' 7 8 9A:& A ,&PARA/& ,&$/I'; '; &A$9 '+ /9& < ,0' AR&A, ,Provide a one line description of high level ob.ective addressed by this Action PlanActions Completion Date Responsibility Resource

+ac/ground ,For each S ! area provide a short note indicating what is your organi$ation0s responsibility for the area# current status of convergence# etc. For e1amples please refer to Action Plans published on the IFAC website or contact the Compliance Staff,Insert a subhead to group actions where several areas of improvement are addressed and)or any new developments3.

4. =.

(A66 A66I/I';A> R'W, A;6 ,?19&A6, A, ;&$&,,AR@)

aintaining !ngoing Processes

2.

(I;6I$A/& W9A/ A$/I';, 0A@ 1& R&.?IR&6 I; /9& +?/?R& /' +?R/9&R I0PR':& &,/A1>I,9&6 PR'$&,,&, A, W&>> A, /9& ;&&6 /' R&A?>AR>@ R&:I&W A;6 ?P6A6& A$/I'; P>A; A, ;&$&,,AR@) "eview of !"%A&I3ATI!&0s Compliance Information
B.

(I;6I$A/& /9& ;&&6 /' P&R+'R0 P&RI'6I$ R&:I&W '+ R&,P';,&, /' /9& I+A$ $'0P>IA;$& ,&>+-A,,&,,0&;/ .?&,/I';;AIR&, A;6 ?P6A/& ,&$/I';, R&>&:A;/ /' R&>&:A;/ ,0'. ';$& ?P6A/&6 I;+'R0 I+A$ $'0P>IA;$& ,/A++ A1'?/ /9& ?P6A/&, I; 'R6&R +'R /9& Page . of +

Action Plan *eveloped by &A E !F IFAC E +E")ASS!CIATE

"tart Date Actions Completion Date Responsibility Resource

$'0P>IA;$& ,/A++ /' R&P?1>I,9 ?P6A/&6 I;+'R0A/I';.)

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