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LONG RANGE PLANNING BOARD
Considering the dynamic changes in our professional environment, such as the advent of globalization, the advances in communication and information technology: the benefits as well as the challenges resulting from these developments, our By Laws provides for the creation of a Long Range Planning Board. This Board is generally tasked to determine the future needs of PICPA and the membership and the directions that the profession and the Institute have to take to respond to meet those needs. Under our By Laws, the Long Range Planning Board shall develop plans for the Institute applicable for the next five years, subject to yearly review to consider current developments in the profession and those decided upon during the ANC . The Plan is for submission and approval by the National Board yearly during the Board’s first meeting. Once approved, the Plan becomes an official document of the Institute that will serve as basis for its policies and activities. The Board may circulate the approved Plan as necessary to our general membership. Our chapters are encouraged to undertake similar long range planning consistent with that of the Institute’s. The Board will be constituted effective July 1, 2008 and will be consisting of at least five past national presidents and four members from our geographic areas, with term generally of three years, with continuity provision. In preparation, the Board, once constituted will review the PICPA’s Charter and By-Laws, the Accountancy Law, the PRC Regulations, our existing policies and procedural manuals, etc. and the various issues that will have impact in the future practice of the profession. Among the pervasive issues that need consideration by the Board are the following:
- Membership : Growth,/ Services /Database/Obligations
- Sectoral Organizations : Relationship/ Coordination
- Continuing Professional Education/ Distance Education
- Regulation : Relationship/ Participation/Compliance
- Regional and International Accountancy Bodies: Participation/ Relationship / Compliance
- Major Audit Firms: Relationship / Cooperation
- Mutual Recognition Agreements : Status / Direction
- Regulatory Accreditation Process: Simplification / Compliance
- Library and Knowledge Database: Designs/ Funding /Implementation
- PICPA CPE Council :Organization (Technical Director and Staff) / Process / Implementation
- CPE Programs for new accounting fields ( new trends in fraud detection, risk management / Basel II / Solvency II ,etc ) and qualifying processes: Networking with authorized accounting bodies /assessors/licensors
- CPE Programs for new teaching methodologies: Transformative Learning/Blended Learning/student Centered Approaches
- Computerized System for Consolidated Financial Reporting and Budgetary Process
- PICPA Foundations :Status and Relationships with PICPA
- Search for Outstanding Accounting Students : Policies and Procedures
- Audit Quality Review Process : BOA/PICPA Implementation/ Training and accreditation of reviewers/illustrative quality review manuals and documents and documentation /participation of major audit firms /organization
- Ethics Board : Policies and Procedures
- Corporate Sustainability : Process and Assurance
- Coffee Table Book : Design and Implementation
- Construction of a new PICPA building: Feasibility study
- Council of Elders / College of Hall of Fame Awardees
- New Philippine Code of Ethics for Professional Accountants : Promotion /Implementation
- International Public Sector Accounting Standards: Status / Training/ Implementation
- International Financial Reporting Standards for SMEs: Status
- Governance and Code of Conduct for PICPA Officers and staff
FUNCTIONS
- Undertake a visioning conference involving PICPA leaders that will examine what is PICPA now; what do we want PICPA to be and how do we leverage the successes of PICPA to make it more relevant and responsive to the future needs of the profession and to come up with what is PICPA of the future.
- Initiate and implement a rebranding effort for PICPA, to reflect a new PICPA that will embody its vision and aspirations under a new and continuously changing professional landscape.
- Undertake a review of our Charter and Bylaws, the Accountancy Law, the PRC Regulations on CPE and others and recommend amendments, if necessary.
- Undertake a review and study of the identified issues as abovementioned and provide the course of actions and timetable for implementation and to create subcommittees specifically for this purpose.
- Comply with the requirements of our By Laws with the respect to the Long Range Planning Board.
- Develop the Board’s Plans and Budget for approval of the Liaison Director and for submission during the Annual Planning Conference.
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