Quality Assurance Action Plan

BACKGROUND NOTE ON ACTION PLANS
Action Plans are developed by IFAC members and associates to address policy matters identified through their responses to the IFAC
Compliance Self-Assessment Questionnaire. They form part of a continuous process within the IFAC Member Body Compliance
Program to support the ongoing development and improvement of the accountancy profession around the world.
Action Plans are prepared by members and associates for their own use based on the national frameworks, priorities, processes and
challenges specific to each jurisdiction. As such, they will vary in their objectives, content and level of detail, consistent with their
differing national environments and stages of development, and will be subject to periodic review and update.
Refer to responses to the Part 1 Assessment of the Regulatory and Standard-Setting Framework Questionnaire and Part 2 SMO Self-
Assessment Questionnaire for background information on each member and associate their environment and existing processes. These
responses may be viewed at: http://www.ifac.org/ComplianceAssessment/published_surveys.php
Use of Information
Please refer to the Disclaimer published on the Compliance Program website.
ACTION PLAN
IFAC Member/Associate: Union of Chambers of Certified Public Accountants (TURMOB)

Original Publish Date: November 2009
Last Updated: May 2011
Next Update: May 2012
Action Plan Developed by
Union of Chambers of Certified Public Accountants (TURMOB)
GLOSSARY
CPD Continuous Professional Development

EAAT Expert Accountants Association of Turkey
IAASB International Auditing and Assurance Standards Board
IAESB International Accounting Education Standards Board
IASB International Accounting Standards Board
IESBA International Ethics Standards Board for Accountants
IFRS International Financial Reporting Standard
IPSAS International Public Sector Accounting Standards
ISA International Standards on Auditing
ISQC International Standard on Quality Control
QA Quality Assurance
SMEs Small- and Medium-Enterprises
SMO Statement of Membership Obligations
TAS Turkish Accounting Standards
TDS Turkish Auditing Standards
TESMER TURMOB Education and Training Center
TMSK Turkish Accounting Standards Board
TUDESK Turkish Auditing Standards Board
Page 2 of 23
Action Plan Subject: SMO 1 - Quality Assurance

Action Plan Objective: Develop and Implement a Quality Assurance (QA) Review System within TURMOB
# Start Date Actions Completion Responsibility Resource

Date
Background:
The Union of Chambers of Certified Public Accountants of Turkey (TURMOB) is responsible for establishing a Quality Assurance (QA)
review system in Turkey. TURMOB has not implemented the QA review system but is planning to do so.
Develop a Quality Assurance (QA) Review System

1. February Related arrangements regarding establishing a January TURMOB President, Vice TURMOB Staff
2011 “Quality Assurance Center” (QA Center) will be 2013 President and General
made according to the New Commercial Code Secretary
which was enacted in February 2011.
2. February Together with the Expert Accountants' Association October TURMOB President, Vice TURMOB Staff,
2011 of Turkey (EAAT, another IFAC member in 2011 President, General Secretary representatives of
Turkey), invite representatives of TURMOB local and QA Center Director TURMOB local
Chambers and professional experts to draft a QA Chambers and
review system in accordance with SMO 1. accounting firms and
EAAT
3. October Collect opinions of the local Chambers as well as January TURMOB President, Vice QA Center Staff
2011 the accounting firms on the draft of the QA review 2012 President, General Secretary
system. and QA Center Director
4. January Submit the collected opinions from the local February TURMOB President, Vice QA Center Staff,
2012 Chambers as well as accounting firms to the 2012 President, General Secretary TURMOB local
TURMOB Board for consideration. and QA Center Director Chambers and Board
5. February Modify the draft following received comments. April 2012
2012
Page 3 of 23

Date
6. April 2012 Approve the final draft and publish the QA review May 2012 TURMOB President QA Center Staff
system. The QA review system will be conducted
by QA reviewers designated among TURMOB
members and the QA review system will be
funded by TURMOB resources.
Support the adoption and implementation of ISQC 1

7. See SMO 3 Actions: ISQC 1 will be adopted and
implemented according to the action steps in SMO
3.
Support Implementation of the QA Review System
8. May 2012 Recruit members interested in becoming QA July 2012 TURMOB President, Vice QA Center Staff
reviewers. President, General Secretary
and QA Center Director
9. July 2012 Develop a training program for recruited QA Ongoing TURMOB President, Vice QA Center Staff
reviewers. President, General Secretary
10. July 2012 Train the recruited QA reviewers. August TURMOB President, Vice QA Center Staff
2012 President, General Secretary
11. March Prepare the questionnaires to be used in QA August TURMOB President, Vice QA Center Staff
2012 reviews. 2012 President, General Secretary
Maintaining Ongoing Processes
Page 4 of 23

Date
12. Ongoing Continue to ensure that TURMOB’s QA review is Ongoing TURMOB President, Vice QA Center Staff
operating effectively and continues to be in line President, General Secretary
with SMO 1 requirements. This includes periodic and QA Center Director
review of the operation of the QA system and
updating the Action Plan for future activities
where necessary.
Review of TURMOB’s Compliance Information

13. Ongoing Perform periodic review of TURMOB’s response Ongoing TURMOB President, Vice QA Center Staff
to the IFAC Compliance Self-Assessment President, General Secretary
questionnaires and update sections relevant to and QA Center Director
SMO 1 as necessary. Once updated inform IFAC
Compliance staff about the updates in order for the
Compliance staff to republish updated
information.
Page 5 of 23
Action Plan Subject: SMO 2 - International Education Standards

Action Plan Objective: Strengthen the Period of Practical Experience and Professional Development

Date
Background:
Candidates for TURMOB membership are required to hold a bachelor’s degree in economics, law or management. They have to complete a
series of final exams (in 7 subjects) in order to obtain membership / a practicing license and a three-year practical experience requirement.
In addition, to maintain their membership, certified auditors have to satisfy continuing professional development (CPD) requirements that
are consistent with those specified by IES 7, Continuing Professional Development: A Program of Lifelong Learning and Continuing
Development of Professional Competence (i.e., 120 hours over a 3 year rolling period).
To Develop and Implement a Continuing Professional Development (CPD) System

14. November Following the amendments of the CPAs law Completed
2010 which made the Continuing Professional (November
Development (CPD) compulsory in July 2008, 2010)
the necessary regulation to be approved by
TURMOB’s General Assembly.
15. October Establish the “Continuing Professional October TURMOB President, Vice TURMOB
2011 Development (CPD) Center” and appoint the 2011 President, General Secretary
Center’s Director and appropriate staff in order to and TESMER Secretary
implement a CPD System within TURMOB.
16. October Invite the representatives of TURMOB local December TURMOB President, Vice CPD Center Staff,
2011 Chambers and EAAT to participate in the work of 2011 President, General Secretary, TURMOB local
the CPD Center to draft a CPD system consistent TESMER Secretary and CPD Chambers and
with International IES 7. Center Director representatives of
accounting firms
Page 6 of 23

Date
17. December Collect opinions of TURMOB local Chambers, February TURMOB President, Vice CPD Center Staff
2011 EAAT and accounting firms on the draft. 2012 President, General Secretary,
TESMER Secretary and CPD
Center Director
18. February Submit the collected opinions from the February TURMOB President, Vice CPD Center Staff,
2012 TURMOB local Chambers, EAAT and 2012 President, General Secretary, TURMOB local
accounting firms to TURMOB Board for TESMER Secretary and CPD Chambers and Board
consideration. Center Director
19. February Modify the draft following received comments. March 2012
2012
20. March Approve the final draft and publish the April 2012 TURMOB President Vice President,
2012 Continuing Professional Development system. General Secretary,
CPD Center Director
and Staff
21. April Set up the monitoring mechanism to ensure that Ongoing TURMOB President, Vice TURMOB, CPD
2012 the professional members respect CPD President, General Secretary, Center Staff and
requirements. Apply sanctions in case of breach TESMER Secretary and CPD TESMER staff
of rules. Center Director
Competence Requirements for Audit Professionals

22. June 2012 Incorporate the requirements of IES 8, October TURMOB President, Vice TURMOB, CPD
Competence Requirements for Audit 2012 President, General Secretary, Center and Audit
Professionals, into the national accountancy TESMER Secretary, CPD Department
education requirements. Center Director and Audit
Department Director
23. September Ensure auditors maintain sufficient knowledge Ongoing TURMOB President, Vice TURMOB, CPD
2012 and skills to do their work by updating CPD President, General Secretary, Center and Audit
courses in accordance with IES 8, Competence TESMER Secretary and CPD Department Staff
Requirements for Audit Professionals. Center Director
Page 7 of 23

Date
24. Ongoing All education related departments of TURMOB Ongoing TURMOB President, Vice TURMOB, CPD
maintain an ongoing process to monitor new and President, General Secretary, Center, TESMER
revised standards from the International TESMER Secretary Staff and Audit
Accounting Education Standards Board (IAESB) Department
and incorporate them into education and
examination requirements.
25. Ongoing Ensure TURMOB education requirements Ongoing TURMOB President, Vice CPD Center
continue to be in line with all IES requirements. President, General Secretary, Director, Audit
This includes review of the existing requirements TESMER Secretary Department Director
and preparation of the Action Plan for the future and TURMOB and
activities where necessary. TESMER Staff
26. Ongoing Perform periodic review of TURMOB’s response Ongoing TURMOB President, Vice CPD Center
to the IFAC Compliance Self-Assessment President, General Secretary Director, Audit
questionnaires and update sections relevant to and TESMER Secretary Department Director
SMO 2 as necessary. Once updated inform IFAC and TURMOB and
Compliance staff about the updates in order for TESMER Staff
the Compliance staff to republish updated
information.
Page 8 of 23
Action Plan Subject: SMO 3 - International Auditing Standards

Action Plan Objective: Continuous Improvement of the Convergence Process with IAASB Pronouncements

Date
Background:
TURMOB has set up the Turkish Audit Standards Board (TUDESK) which has the responsibility for development and promulgation of
auditing standards in Turkey. Turkish Standards on Auditing (TDSs) are based on ISAs from an outdated version of International Standards
on Auditing (ISAs). There are plans, however, to update TDSs in accordance with the current (clarified) version of ISAs. TURMOB also
undertakes activities to support the implementation of the standards, such as training.
Improvement of the Convergence Process with IAASB Pronouncements

27. February New Turkish Commercial Code (February 2011) October TURMOB President, Vice TUDEKS Board
2011 gives the authority to establish the Turkish 2011 President, General Secretary Members, TUDEKS
Auditing Standards Board to TURMOB. and TUDEKS President Task Forces and
TURMOB Staff
28. February New Turkish Commercial Code (February 2011) Completed TURMOB Board TUDEKS Board and
2011 requires that the TDSs will be convergent to the February TURMOB Staff
pronouncements of IAASB. 2011
29. October Translating the 2011 edition of the IAASB’s April 2012 TURMOB President, Vice TUDEKS Board
2011 pronouncements. President, General Secretary Members, TUDEKS
and TUDEKS President Task Forces and
TURMOB Staff
Task forces members

include experts from
the accounting firms,
academia and
TUDEKS experts.
Page 9 of 23

Date
30. April Task forces to draft the TDSs based on Clarified June 2012 TURMOB President, Vice Funds related to
2012 ISAs and adding national requirements. President, General Secretary standard setting are
and TUDEKS President covered by
IAASB pronouncements will be adopted in TURMOB.
accordance with the IAASB Policy Position on
Modifications to IAASB Standards.
31. June 2012 TUDESK to approve draft version of TDSs and July 2012 TURMOB President, Vice Funds related to
prepare Exposure Drafts to receive public President, General Secretary standard setting are
comments. and TUDEKS President covered by
TURMOB.
TUDEKS members
and experts come
from regulators of
the accounting
profession,
accounting firms and
academia.
32. July 2012 Issue Exposure Draft on TDSs for obtaining July 2012 TURMOB President, Vice TURMOB and
public comments. President, General Secretary TUDEKS
and TUDEKS President
33. July 2012 Task forces to deliberate on the comments August 2012 TURMOB President, Vice TURMOB and
received and revise the draft version accordingly. President, General Secretary members of Task
and TUDEKS President forces
34. August TUDEKS to approve the proposed updated September TURMOB President, Vice TURMOB and
2012 version of TDS and prepare Exposure Drafts for 2012 President, General Secretary TUDEKS Board
obtaining public comments for the second time and TUDEKS President Members
Page 10 of 23

Date
35. September Issue updated Exposure Drafts on TDSs for September TURMOB President, Vice TURMOB and
2012 obtaining public comments for the second time. 2012 President, General Secretary TUDEKS
and TUDEKS President
36. October Task forces to deliberate on the comments October TURMOB President, Vice TURMOB and
2012 received and revise the proposed version 2012 President, General Secretary TUDEKS Task
accordingly. and TUDEKS President Forces members
37. October TUDEKS to approve the final updated version of October TURMOB President, Vice TURMOB and
2012 TDSs. 2012 President, General Secretary TUDEKS Board
and TUDEKS President Members
38. October Approve a final new set of TDSs. November TURMOB President TURMOB
2012 2012
Education and Promotion Activities

39. November TESMER to update the curricula for professional December TURMOB President, Vice TURMOB and
2012 education, training and examination programs 2012 and President, General Secretary, TESMER staff
and CPD program according to revised TDSs. then TESMER Secretary and
ongoing Directors of Departments
The curricula for the professional education and concerned training
examination and CPD program will then be
updated with the changes in TDSs on an ongoing
basis.
40. December Propose to TURMOB Board updates to the December TURMOB President, Vice TURMOB and
2012 curricula and CPD program for approval. 2012 President, General Secretary, TESMER staff
TESMER Secretary and
Directors of Departments
concerned training
Page 11 of 23

Date
41. December New curricula become effective in all TURMOB December TURMOB President, Vice TURMOB,
2012 courses and exams and the CPD program. 2012 President, General Secretary, TESMER, CPD
TESMER Secretary and Center, Audit
Directors of Departments Department, Local
concerned training Chambers and
EAAT
42. January TUDEKS, the task forces members and the Ongoing TURMOB President Vice TURMOB technical
2013 experts from academia to prepare and publish President, General Secretary Staff, TUDEKS and
articles and other promotional materials in the and TUDEKS President Task Forces
TURMOB Journal and on the TURMOB website members
www.turmob.org.tr in order to enhance the
awareness of the financial auditors, trainees in
financial audit and the public in general about the
standards and draft standards translated.
Monitoring Activities
43. 1 January Develop monitoring activities to ensure Ongoing TURMOB President, Vice TURMOB technical
2013 TURMOB members comply with TDS. This President, General Secretary, Staff, TUDEKS and
point is included in the Action Plan for SMO 1 TUDEKS President, QA Task Forces
Center and Audit Department members
44. Ongoing TUDEKS task forces to maintain an ongoing Ongoing TURMOB President, Vice TURMOB technical
process with IAASB pronouncements and to President, General Secretary, Staff, TUDEKS and
monitor new and revised standards from the TUDEKS President, QA Task Forces
IAASB. Center and Audit Department members
45. Ongoing All the translations related to IAASB Ongoing TURMOB President, Vice TURMOB technical
pronouncements will be in accordance with President, General Secretary, Staff, TUDEKS and
IFAC’s Translation Policy and the Comparison TUDEKS President, QA Task Forces
Report will be used for the differences between Center and Audit Department members
TDSs and ISAs.
Page 12 of 23

Date
46. Ongoing The task forces will obtain comments from Ongoing TURMOB President, Vice TURMOB technical
TURMOB members to comment on the IAASB President, General Secretary, Staff, TUDEKS and
exposure drafts. TUDEKS President, QA Task Forces
Center and Audit Department members
47. Ongoing Continue to support ongoing convergence with Ongoing TURMOB President, Vice Respective
IAASB pronouncements. This includes review of President, General Directors committees’
the implementation of the Action Plan to date and of Departments concerned, members, technical
updating the Action Plan for future activities as Chairs of boards and staff responsible for
necessary. committees concerned respective
committees
48. Ongoing Perform periodic review of TURMOB’s response Ongoing TURMOB President, Vice TURMOB Staff
questionnaires and update sections relevant to and
SMO 3 as necessary. Once updated inform IFAC TUDEKS President
Compliance staff about the updates in order for
information.
Page 13 of 23
Action Plan Subject: SMO 4 - IESBA Code of Ethics

Action Plan Objective: Further improve processes to ensure ongoing convergence with the IESBA Code of Ethics

Date
Background:
TURMOB has adopted the IFAC Code of Ethics (issued and in effect June 30, 2006) without modifications. The IFAC Code of Ethics was
translated in accordance with the IFAC Translation Policy. TURMOB is planning to adopt the revised version of the IESBA Code of Ethics
(in effect January 1, 2011) with the assistance of EAAT. TURMOB provides training activities to support the implementation of the
standards and raises awareness about the Code of Ethics through articles published in TURMOB Journal.
Update the Code of Ethics

49. March TURMOB General Assembly to approve the Completed TURMOB General Assembly TURMOB President,
2006 TURMOB Code of Ethics set in accordance with (October Vice President,
a former version of the IFAC Code of Ethics. 2006) General Secretary
The TURMOB Code of Ethics incorporates, and Ethics
without modifications, the requirements of the Committee Chair
IFAC Code of Ethics.
50. March The Ethics Committee to publish the TURMOB Completed TURMOB President and Ethic Committee
2006 Code of Ethics on Official Journal. (October Ethics Committee Chair Members
2007)
51. August Translating and publishing the 2010 Edition of Completed TURMOB President TURMOB
2010 the IESBA’s code of Ethics. (March
2010)
52. March The Ethics Committee to work together with February TURMOB President and Ethics Committee
2011 EAAT to determine the differences between the 2010 Ethics Committee Chair Members
TURMOB Code and the revised IESBA Code of
Ethics (in effect January 2011) and to update the
current one in accordance with the revised
IESBA Code of Ethics.
Page 14 of 23

Date
Education and Promotion Activities
53. June 2011 TESMER to update the curricula for professional Ongoing TURMOB President, Vice TURMOB,
education, training and examination programs President, General Secretary, TESMER, CPD
and CPD program in accordance with the Ethics Committee Chair, CPD Center and Audit
TURMOB Code of Ethics. Center Director and Audit Department Staff
Department Director and Ethics
The curricula for the professional education and Committee Members
examination and CPD program will then be
updated in accordance with the amendments of
the TURMOB Code of Ethics on an ongoing
basis.
54. September Ethics Committee, task force members and the Ongoing TURMOB President, Vice TURMOB and
2011 experts from academia to prepare and publish President, General Secretary Ethics Committee
articles and other promotional materials in the and Ethics Committee Chair Members
TURMOB Journal and on the TURMOB website
www.turmob.org.tr in order to enhance the
awareness of the financial auditors, trainees in the
financial audit and the public in general about the
standards and draft standards translated.
55. Ongoing The Ethics Committee to translate new and Ongoing TURMOB President and Ethics Committee
amended IESBA pronouncements in accordance Ethics Committee Chair Members
with the IFAC Translation Policy.
56. Ongoing The Ethics Committee to obtain comments from Ongoing TURMOB President and Ethics Committee
TURMOB members on IESBA exposure drafts. Ethics Committee Chair Members
Page 15 of 23

Date
57. Ongoing The Ethics Committee to draft the TURMOB Ongoing TURMOB President and Ethics Committee
Code in an ongoing manner in accordance with Ethics Committee Chair Members
new and amended IESBA pronouncements. The
TURMOB Code will be drafted in accordance
with the IESBA policy position on modifications
and comparison reports will be used to
communicate on the differences between the
TURMOB Code and IESBA Code of Ethics.
Monitoring Activities
58. 1 January Develop monitoring activities to ensure Ongoing TURMOB President, Vice TURMOB and
2012 compliance with new and revised the IESBA President, General Secretary, Ethics Committee
Code of Ethics. This point is included in the Ethics Committee Chair and Members
Action Plan for SMO 1. QA Center Director
59. Ongoing Continue to support ongoing convergence with Ongoing TURMOB President, Vice TURMOB, Ethics
the IESBA Code of Ethics. This includes review President, General Secretary Committee, Audit
of the implementation of the Action Plan to date and Ethics Committee Chair Department, CPD
and updating the Action Plan for future activities. Director, QA
Director
60. Ongoing Perform periodic review of TURMOB’s response Ongoing TURMOB President, Vice TURMOB and
to the IFAC Compliance Self-Assessment President, General Secretary Ethics Committee
questionnaires and update sections relevant to and Ethics Committee Chair
information.
Page 16 of 23
Action Plan Subject: SMO 5 - International Public Sector Accounting Standards

Action Plan Objective: Continue to promote the adoption of IPSASs in Turkey

Date
Background:
The Public Accounting Standards Board of Turkey (DMSK) is responsible for adopting public sector accounting in Turkey and is working
on the adoption and implementation of International Public Sector Accounting Standards (IPSASs) in the country.
Continuing to Assist with the Adoption and Implementation of IPSASs

61. 2010 Continue to support the Public Accounting Ongoing TURMOB President, Vice TURMOB
Standards Board of Turkey (DMSK) in the President, General Secretary
implementation of IPSASs through participation
in the IPSASB work program.
62. Ongoing Maintain an ongoing process to translate ISPASs Ongoing TURMOB President, Vice TURMOB
into Turkish according to IFAC’s Translation President, General Secretary
Policy.

63. Ongoing Continue to use best endeavors by identifying Ongoing TURMOB President, Vice TURMOB
opportunities to further assist the General President, General Secretary
Directorate of Public Accounts of Turkey in the
adoption and implementation of ISPASs. This
includes review of the existing activities and
preparation of the Action Plan for future
activities, such as providing training about the
application of IPSASs to the concerned members.
Page 17 of 23

Date
64. Ongoing Perform periodic review of TURMOB’s response Ongoing TURMOB President, Vice TURMOB
questionnaires and update sections relevant to
information.
Page 18 of 23
Action Plan Subject: SMO 6 - Investigation and Discipline

Action Plan Objective: Continuous Improvement and Development

Date
Background:
TURMOB has established mechanisms for Investigating & Disciplining (I&D) all professional accountants in Turkey. All I&D rules are
included in the CPA Law. The TURMOB Disciplinary Board, which judges the cases, is exclusively composed of professional accountants.
TURMOB is planning to promote the need to improve the I&D rules to the Government in 2014 when the national regulation is expected to
be modified.
65. 2012 Continue to use best endeavors to ensure Ongoing TURMOB President, Vice TURMOB and local
TURMOB’s investigation and disciplinary President, General Secretary, Chambers Discipline
mechanism continues to address all SMO 6 QA Center, TURMOB Boards and Unfair
requirements. This includes review of the existing Discipline Board Chair, Ethics Competition Board
mechanism and updating the Action Plan for future Committee Chair and Unfair
activities where necessary. Competition Board Chair
66. 2012 Promote the need for a balance of professional Ongoing TURMOB President, Vice TURMOB and local
judgment and outside expertise at the level of the President, General Secretary, Chambers Discipline
disciplinary board to the Government. QA Center, TURMOB Boards and Unfair
Discipline Board Chair, Ethics Competition Board
Committee Chair and Unfair
Competition Board Chair
67. 2012 Raise professional members and the public’s Ongoing TURMOB President, Vice TURMOB and local
awareness of I&D rules through articles and President, General Secretary, Chambers Discipline
various meetings. QA Center, TURMOB Boards and Unfair
Discipline Board Chair, Ethics Competition Board
Committee Chair and Unfair
Competition Board Chair
Page 19 of 23

Date
68. Ongoing Perform periodic review of TURMOB’s response Ongoing TURMOB President, Vice TURMOB and local
to the IFAC Compliance Self-Assessment President, General Secretary Chambers Discipline
questionnaires and update sections relevant to SMO and QA Center Boards and Unfair
6 as necessary. Once updated inform IFAC Competition Board
Compliance staff about the updates in order for the
Compliance staff to republish updated information.
Page 20 of 23
Action Plan Subject: SMO 7 - International Financial Reporting Standards

Action Plan Objective: Continuous improvement and development of the ongoing process for adoption of International
Financial Reporting Standards

Date
Background:
The Turkish Accounting Standards Board (TMSK) is responsible for adopting accounting standards in Turkey. TMSK has established an
ongoing process to adopt International Accounting Standards (IAS) and International Financial Reporting Standards (IFRS) as the Turkish
Accounting Standards (TAS). There are no differences between TAS and IFRS. TURMOB has an active role in the implementation process
especially with respect to education and training activities. TURMOB has 2 of the 9 members on the TMSK.
Continue to support TMSK in the development of the ongoing process for adoption and implementation of IFRS
69. Ongoing Continue to support Turkish Accounting Ongoing TURMOB President, Vice TURMOB, IFRS
Standards Board (TMSK), which is the official President, General Secretary, Implementation and
accounting standard-setter, by supporting IFRS Implementation and Interpretation
implementation of IFRS in Turkey through Interpretation Committee and Committee and IFRS
facilitation of an ongoing translation process of IFRS Training Committee Training Committee
IFRS, providing training and education in IFRS,
and active program for responding to
International Accounting Standards Board’s
(IASB) exposure drafts.
70. Ongoing Ensure that TMSK documents and publicly Ongoing TURMOB President, Vice IFRS
discloses any differences between Turkish President, General Secretary, Implementation and
Accounting standards and IASs/IFRSs including IFRS Implementation and Interpretation
reasons for such differences. Support TMSK for Interpretation Committee and Committee and IFRS
considering using the Comparison Report as a IFRS Training Committee Training Committee
template to document differences on an ongoing
basis.
Page 21 of 23

Date
71. 2010 Ensure that the QA review system includes Ongoing TURMOB President, Vice IFRS
monitoring activities to ensure compliance with President, General Secretary, Implementation and
the IFRSs. IFRS Implementation and Interpretation
Interpretation Committee and Committee and IFRS
IFRS Training Committee Training Committee
72. July 2009 TMSK published the IFRS for SMS’s. Completed TURMOB President, Vice IFRS
(November President, General Secretary, Implementation and
2009) IFRS Implementation and Interpretation
Training and Promotional Activities

73. Ongoing TESMER to ensure that the curricula for the Ongoing TURMOB President, Vice TURMOB and
professional education and exams and the CPD President, General Secretary, TESMER Staff
program will be updated in accordance with new TESMER Secretary and all
and revised changes in IFRSs on an ongoing education related departments
basis. directors
74. Ongoing IFRS Implementation and Interpretation Ongoing TURMOB President, Vice TURMOB and
Committee and IFRS Training Committee President, General Secretary, TESMER Staff
members and the experts from academia to TESMER Secretary and all
prepare and publish articles and other education related departments
promotional materials in the TURMOB Journal directors
and on the TURMOB website www.turmob.org.tr
in order to enhance the awareness of the financial
auditors, trainees in the financial audit and the
public in general about
Page 22 of 23

Date
75. Ongoing Continue assist to ensure that TMSK maintains Ongoing TURMOB President, Vice IFRS
an active program for responding to IASB President, General Secretary, Implementation and
exposure drafts. IFRS Implementation and Interpretation
76. Ongoing Continue to identify opportunities to further assist Ongoing TURMOB President, Vice IFRS
TMSK in implementation of IFRS. This includes President, General Secretary, Implementation and
review of the existing activities and updating the IFRS Implementation and Interpretation
Action Plan for the future activities where Interpretation Committee and Committee and IFRS
necessary. IFRS Training Committee Training Committee

77. Ongoing Perform periodic review of TURMOB’s response Ongoing TURMOB President, Vice IFRS
to the IFAC Compliance Self-Assessment President, General Secretary, Implementation and
questionnaires and update sections relevant to IFRS Implementation and Interpretation
SMO 7 as necessary. Once updated inform IFAC Interpretation Committee and Committee and IFRS
Compliance staff about the updates in order for IFRS Training Committee Training Committee
information.
Page 23 of 23

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BACKGROUND NOTE ON ACTION PLANS

IFAC Member/Associate: Union of Chambers of Certified Public Accountants (TURMOB)

CPD Continuous Professional Development

Action Plan Subject: SMO 1 - Quality Assurance

# Start Date Actions Completion Responsibility Resource

Develop a Quality Assurance (QA) Review System

# Start Date Actions Completion Responsibility Resource

Support the adoption and implementation of ISQC 1

# Start Date Actions Completion Responsibility Resource

Review of TURMOB’s Compliance Information

Action Plan Subject: SMO 2 - International Education Standards

# Start Date Actions Completion Responsibility Resource

To Develop and Implement a Continuing Professional Development (CPD) System

# Start Date Actions Completion Responsibility Resource

Competence Requirements for Audit Professionals

# Start Date Actions Completion Responsibility Resource

Action Plan Subject: SMO 3 - International Auditing Standards

# Start Date Actions Completion Responsibility Resource

Improvement of the Convergence Process with IAASB Pronouncements

Task forces members

# Start Date Actions Completion Responsibility Resource

# Start Date Actions Completion Responsibility Resource

Education and Promotion Activities

# Start Date Actions Completion Responsibility Resource

# Start Date Actions Completion Responsibility Resource

Action Plan Subject: SMO 4 - IESBA Code of Ethics

# Start Date Actions Completion Responsibility Resource

Update the Code of Ethics

# Start Date Actions Completion Responsibility Resource

# Start Date Actions Completion Responsibility Resource

Action Plan Subject: SMO 5 - International Public Sector Accounting Standards

# Start Date Actions Completion Responsibility Resource

Continuing to Assist with the Adoption and Implementation of IPSASs

Maintaining Ongoing Processes

# Start Date Actions Completion Responsibility Resource

Action Plan Subject: SMO 6 - Investigation and Discipline

# Start Date Actions Completion Responsibility Resource

# Start Date Actions Completion Responsibility Resource

Action Plan Subject: SMO 7 - International Financial Reporting Standards

# Start Date Actions Completion Responsibility Resource

# Start Date Actions Completion Responsibility Resource

Training and Promotional Activities

Maintaining Ongoing Processes

# Start Date Actions Completion Responsibility Resource

Review of TURMOB’s Compliance Information

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