Technical Programme

Plenary Session 1

English, French, German, Spanish, Putonghua, Japanese

Simultaneous Interpretation

What are the opportunities and challenges presented by the knowledge-based economy? Howmust we redefine 'the accountant' and 'accounting' for the 21st Century?

The Information and Knowledge Age is redefining world trade and commerce. Economic liberalisation,globalisation and information technology are breaking down borders, barriers, and boundaries.The new knowledge-based economy cuts across sectors as well as countries, across organisationsas well as cultures. Those who allow themselves to be inefficient face punitively fierce competitionfrom other organisations more at ease with technology and the use of knowledge. These transformationspresent the accounting profession with opportunities and challenges. With the convergence ofaccounting standards and practices and the increased use of knowledge and technology, professionalaccountants in industry and public practice are looking for new ways to reinvent themselves andtheir services. At the same time, the public in the Information Age is better informed and is expectinghigher levels of integrity, transparency and regulatory oversight. The profession must consider howto meet these new challenges and re-engineer itself on the basis of innovation and strong ethicalfoundations.

A knowledge-based, borderless business environment raises many questions:

• What are the major opportunities and threats for accountants?

• What support are businesses looking for?

• What steps should be taken to maintain public trust and safeguard the public interest?

• What is the new identity, skill-sets and mindsets accountants must adopt?

• What are the standard setters doing to redefine 'accounting'?

• What steps has IFAC taken since the last World Congress to facilitate and accelerate this process?

9

9:00 a.m. - 12:30 p.m. 19 November 2002

René RICOLDeputy President, IFACChairman, Ricol, Lasteyrie& Associés, ParisFrance

Hubert SAINT-ONGESenior Vice President,Strategic Capabilities,Clarica Life InsuranceCanada

Paul A. VOLCKERFormer Chairman of theFederal Reserve BoardUnited States

Tsuguoki FUJINUMAPresident, IFACPartner, Shin Nihon & Co /Ernst & Young InternationalJapan

Samuel A. DIPIAZZAChief Executive Officer,PricewaterhouseCoopersUnited States

David TWEEDIEChairman, InternationalAccounting Standards BoardUnited Kingdom

XIANG HuaichengMinister of FinancePeople's Republic of China

Technical Programme

Knowledge Management culture - what everyaccountant should know. Defining the rewardsand meeting the challenges.

• What does 'knowledge' and 'knowledge

management' really mean?

• What are the real benefits? Time savings

illustrated by case studies.

• Managing knowledge - how to build a culture

to sustain it; dedicated resources?

• Outsourcing?

• Outsourcing providers. Local / global vendors

and contracts.

• Managing knowledge overload - how to

achieve effective usage?

• Globalisation issues, people networks.

• Technological infrastructure issues (internal

and external - email, intranet etc).

Tim CURRYGlobal Chief Knowledge Officer, Ernst & YoungUnited Kingdom

Stuart DOIGSenior Vice-President, Digital AP

Patrick LAMBEPrincipal Consultant and Partner, Straits KnowledgeSingapore

Hubert SAINT-ONGESenior Vice President, Strategic Capabilities,Clarica Life InsuranceCanada

Ron YOUNGChief Executive Officer, Knowledge AssociatesUnited Kingdom

Technology - friend or foe? The impact ofenabling technology on the accountant - howto maximise the numerous opportunitiescreated.

• Rapid advances in information systems;

what's next?

• Impact on the accountant - specific

technology that has impacted accountants.

• The on-line expert, virtual teams, home

working and XBRL - the new computer-based

reporting language etc.

• Additional business channels, new risks to

manage.

Speakers:

Chair:

Workshop 1 Workshop 2

Everett JOHNSONChairman of the former IFAC Information Technology CommitteeRegional Director, Enterprise Risk Services,Deloitte & Touche LLPUnited States

Chair:

Zachary COFFINGlobal XBRL Leader, KPMG InternationalUnited States

Tom NUNANHead of e-Business, Cathay Pacific AirwaysHong Kong

Robert S. ROUSSEYProfessor of AccountingLeventhal School of Accounting at the University of SouthernCaliforniaPresident of the Information Systems Audit & Control AssociationUnited States

Thomas TANGExecutive Director, Hong Kong Productivity CouncilHong Kong

Speakers:

2:30 p.m. - 4:30 p.m. 19 November 2002

10

Language: English

Technical Programme

11

Workshop 3Re-inventing the auditor - shouldering theexpanding scope of assurance. How to stayahead in the knowledge-based economy?

• Selling trust? A new assurance industry: web-

based, on-line assurance, real-time auditing

(RTA), assurance re shared services providers'

internal controls.

• Benchmark on the latest best practice and

harmonisation.

• Audit report standards.

• Broader demands of auditors - compliance,

internal controls, corporate governance and

disclosure of risks.

• Towards a broader certification re webtrust

/ cybercertification.

• Broader qualifications, e.g. Cognitor project.

Dietz MERTINChairman, IFAC International Auditing and AssuranceStandards BoardGermany

Chair:

Speakers:

Roger J.M. DASSENChairman, The Dutch Auditing Standards Board of Royal NIVRANational Managing Director, Accounting & Auditing,Deloitte & ToucheNetherlands

Robert HODGKINSONVice-President & Auditing Working Party Chairman, Fédérationdes Experts Comptables EuropéensUnited Kingdom

Christopher LEACHSenior Vice-President, CTO -Technology Risk Management,Bank One CorporationUnited States

Global regulatory agencies - the globalpolicemen square up to the knowledge-basedeconomy.

• IOSCO and stock exchange consolidations,

disintermediation.

• Increased connectivity, globalisation and 24-

hour markets.

• Managing competition between financial

markets and promoting co-operation re

controlling product risks, transaction security,

systemic risks and money laundering.

• Trends in regulatory requirements - greater

transparency, timeliness and harmonisation

of financial information.

Workshop 4

Wim DE BRUIJNChairman, IFAC Compliance CommitteeNetherlands

Chair:

Speakers:

Laura M. CHAVice Chairman, China Securities Regulatory CommissionPeople's Republic of China

Philippe D'ANJOUDirector of the Accounting Finance Division,Commission des Opérations de BourseFrance

Darya K. DOLOTENKOVAChairman, Board of the Institute of Professional AuditorsRussia

2:30 p.m. - 4:30 p.m. 19 November 2002

Language: English

Technical Programme

12

Workshop 5Transforming your organisation for theknowledge-based economy. What do you needto know to stay on top?

• Explaining the nature and forms of new

organisational structures.

• Assessing the needs of transforming.

• Evaluating the fit between organisation

structure, strategies and performance

measurements.

• Developing and implementing a strategic

e-Business programme.

China's accession into the World Trade Organisation signified its determination to participatein the global market and the knowledge-based economic development, and to tackle challengespresented by the trends of globalisation. The accession has also accelerated the opening up ofChina's investment and trading markets with a level playing field for international investors.China's commitment to reform its regulatory systems for both its accounting and capital marketswill have great influence on the pace of its national economic restructuring. As such, China willexpedite the harmonisation process of its accounting and corporate governance regimes withinternational practices.In view of this, two special China Economic and Finance Forums will be organised on 19November and 20 November 2002 to offer an opportunity for participants to access the latestreports and discussions on specific topics, including China's economic and financial marketdevelopments, accounting regime, as well as the latest developments in the corporate governanceframework and regulation of the securities market.

Please refer to P.16 for the China Forum II.

Putonghua - English

Simultaneous Interpretation

WONG Tak Wai, AlvinPresident, Hong Kong Society ofAccountantsPartner, PricewaterhouseCoopersHong Kong

Chair:

Mike JEANSPast President, Chartered Institute of Management AccountantsIndependent Management Consultant, Quagon ConsultingUnited Kingdom

Gregory J. LARSENChief Executive Officer, CPA AustraliaAustralia

Tom MANNINGGlobal Managing Director, Strategy & Transformation, Cap GeminiErnst & YoungHong Kong

Speakers:

Larry GANManaging Partner, Corporate Development,Asia Pacific, AccentureMalaysia

Chair:

Topic: Current Economic andFinancial Issues inChina

Topic: The Present and FutureDevelopment of China'sSecurities Market

XIANG HuaichengMinister of FinancePeople's Republic of China

Speaker: ZHOU XiaochuanChairman, China Securities RegulatoryCommissionPeople's Republic of China

Speaker:

China Forum 1

2:30 p.m. - 4:30 p.m. 19 November 2002

Language: English

Technical Programme

13

Plenary Session 2

Surviving and thriving in a knowledge-based economy:How will IFAC's new initiatives help position the accounting profession to succeed in theknowledge-based economy?

The profession's governing bodies have been busy reinventing themselves to meet the challengesof the knowledge-based economy. In a world of constant change, IFAC must be dynamic andresponsive in tackling these challenges. While transparency and harmonisation have toppedthe agenda, other key initiatives are contributing to the development of a 'new accountant'.Questions have been raised regarding the effectiveness of current accounting and reportingpractices, as well as the need to shore up public confidence in matters such as ethics and auditorindependence.

• How will the public accountant reinvent trust, the profession's prime commodity, whilstmaintaining credibility by upholding both independence and ethical concerns?

• How will the concerns of global regulators be addressed in a world of greater transparency,connectivity and risks?

• How will the commercial accountant respond to the twin imperatives of value creation andspeed of information?

• How will the public sector accountant integrate the demands of the new economy with thoseof the traditional role?

• How will accounting education address the need for redefined skill-sets and life-long learningwhilst optimising the opportunities presented by new learning models?

Bill CONNELLChairman, IFAC Financial andManagement AccountingCommitteeDirector of Risk Management,BOC Group plcUnited Kingdom

Warren D. ALLENChairman, IFAC Education CommitteePartner, Ernst & Young, WellingtonNew Zealand

Ian MACKINTOSHChairman, IFAC Public SectorCommitteeManager, FinancialManagement for South Asia forthe World BankAustralia

Marilyn PENDERGASTChairman, IFAC EthicsCommitteeManaging Director, UrbackKahn & Werlin Advisors, IncUnited States

Dietz MERTINChairman, IFAC InternationalAuditing and AssuranceStandards BoardGermany

Wim DE BRUIJNChairman, IFAC ComplianceCommitteeNetherlands

Tsuguoki FUJINUMAPresident, IFACPartner, Shin Nihon & Co /Ernst & Young InternationalJapan

English, French, German, Spanish, Putonghua, Japanese

Simultaneous Interpretation

9:00 a.m. - 12:30 p.m. 20 November 2002

Technical Programme

14

Workshop 6

The Education Revolution and learning models.How might the accountant benefit from newdimensions in learning?• Rapidly evolving learning models, e.g. on-

line training and global learning communities.• E-Learning / J.I.T. Learning.• Institute perspective, e.g. using e-Learning

channels for CPD.• Raised public expectations of 'expert' advisers

due to increased free access to knowledge.• New skill-sets and core competencies for

'knowledge workers' - shift to individualresponsibility for 'lifelong learning'.

What is the international accounting professiondoing to capture the benefits from thisrevolution?• The academic response to the demands of

the knowledge-based economy - whatchanges are being made to prepareaccountants for their demanding future?

• How can these new learning models beemployed for the benefit of the developingand transitioning economies to fast track theircreation of an appropriately sized profession.

Language: English

Warren D. ALLENChairman, IFAC Education CommitteePartner, Ernst & Young, WellingtonNew Zealand

Chair:

Steve ALBRECHTAndersen LLP Alumni ProfessorAssociate Dean, Marriott School of ManagementBrigham Young UniversityUnited States

Andy BELLDirector of TDP Development Ltd.United Kingdom

Gillian CAPPELLETTODivisional General Manager, Professional Education,The Institute of Chartered Accountants in AustraliaAustralia

Ernest KANCouncil Member, Institute of Certified Public Accountantsof SingaporePartner / Director of Learning, Deloitte & ToucheSingapore

Speakers:

Workshop 7

International Accounting Standards - 'one sizefits all'? Key successes and challenges inharmonisation to date.

• International Accounting Standards - One

world economy, one system. Benchmarking

progress in new standards, key country

adoption and harmonisation.

• Trends in standard setting - fair values, greater

disclosure/transparency, development of small

company GAAP.

• The new accounting fields - predictive

information and non-financial performance

measures.

• Key challenges ahead in standard setting.

David TWEEDIEChairman, International Accounting Standards BoardUnited Kingdom

Chair:

Raja ARSHAD-UDAChairman, Malaysian Accounting Standards BoardExecutive Chairman, PricewaterhouseCoopersMalaysia

Katherine SCHIPPERBoard Member, Financial Accounting Standards BoardUnited States

Peter WILMOTDeputy Chairman, Standards Advisory Council of InternationalAccounting Standards BoardUnited Kingdom

Tatsumi YAMADAInternational Accounting Standards Boards,Liaison Board MemberJapan

Speakers:

2:30 p.m. - 4:30 p.m. 20 November 2002

Technical Programme

15

Language: English

Workshop 9

Ethics & Auditors independence. Challengesposed by the knowledge-based economy.

• The IFAC code of ethics - main points of

conflict and potential solutions.

• Ethical questions faced by auditors and

management accountants.

• Development of corporate ethical / 'value'

codes.

• Ethical issues revisited in the new era, e.g.

web media, cross-border advertising and chat

rooms.

• Benchmarking the latest developments in

independence. The profession's response to

SEC independence rules.

• Dangers re losing sight of independence and

objectivity as the profession diversifies services

on offer to advise clients on strategic direction,

design and implementation of eSystems.

Marilyn PENDERGASTChairman, IFAC Ethics CommitteeManaging Director, Urbach Kahn & Werlin Advisors, IncUnited States

Chair:

LI YongPresident, CAPAPeople's Republic of China

Desmond (Des) D.R. PEARSONImmediate Past President, CPA AustraliaAuditor - General for Western AustraliaAustralia

Harald RINGVice-President, Institut der WirtschaftsprüferGermany

Gerard TREMOLIEREChairman of the French Auditing Standards BoardFrance

Speakers:

Workshop 8The Management Accountant - value creation- what are the opportunities?

• Latest trends in value creation re operational

effectiveness, process management etc.

• Management information systems - examples

of ERP solutions.

• Supply chain management e.g. leveraging

information to select the best suppliers.

• Measuring and reporting: benchmarking value

- related performance measures.

William BIRKETTProfessor, University of New South WalesAustralia

Robert DYEPresident, CMA CanadaCanada

Norman LYLEChairman of the British Chamber of Commerce in Hong KongGroup Finance Director of Jardine Matheson GroupHong Kong

Speakers:

Chair:

Bill CONNELLChairman, IFAC Financial and Management Accounting CommitteeDirector of Risk Management, BOC Group plcUnited Kingdom

2:30 p.m. - 4:30 p.m. 20 November 2002

Technical Programme

16

The public sector accountant - in line with thenew economy or in the line of fire?

• Key public sector issues update e.g.

privatisation, public/private auditor

partnerships and new financial management

methods.

• The development of International Public

Sector Accounting Standards.

• The impact of knowledge management and

technology on the public sector and on the

policies of public authorities.

Chair:

Fayezul H. CHOUDHURYVice President and Controller of the World BankBangladesh

Steve FREERChief Executive, Chartered Institute of Public Financeand AccountancyUnited Kingdom

Terence NOMBEMBEDeputy-Auditor General and CEO of the Office of theAuditor-General of South AfricaSouth Africa

Paul SUTCLIFFEDirector, IFAC Public Sector Accounting StandardsAustralia

Speakers:

Workshop 10

Putonghua - English

Simultaneous Interpretation

Ian MACKINTOSHChairman, IFAC Public SectorCommitteeManager, Financial Managementfor South Asia for the World BankAustralia

Topic: Accounting Issuesin China

Topic: The Current Status and FutureDevelopment of the CorporateGovernance Regime in China

WONG Tak Wai, AlvinPresident, Hong Kong Society ofAccountantsPartner, PricewaterhouseCoopersHong Kong

Chair:

China Forum 2

Speakers: FENG Shuping Assistant Minister, Ministryof FinancePeople's Republic of China

ZHANG Wei-guoChief Accountant,China SecuritiesRegulatory CommissionPeople's Republic of China

Jesse WANGDeputy Secretary General,China Securities RegulatoryCommissionPeople's Republic of China

China's accession into the World Trade Organisation signified its determination to participatein the global market and the knowledge-based economic development, and to tackle challengespresented by the trends of globalisation. The accession has also accelerated the opening up ofChina's investment and trading markets with a level playing field for international investors.China's commitment to reform its regulatory systems for both its accounting and capital marketswill have great influence on the pace of its national economic restructuring. As such, China willexpedite the harmonisation process of its accounting and corporate governance regimes withinternational practices.In view of this, two special China Economic and Finance Forums will be organised on 19November and 20 November 2002 to offer an opportunity for participants to access the latestreports and discussions on specific topics, including China's economic and financial marketdevelopments, accounting regime, as well as the latest developments in the corporate governanceframework and regulation of the securities market.

2:30 p.m. - 4:30 p.m. 20 November 2002

Language: English

Technical Programme

17

Plenary Session 3

ZHOU XiaochuanChairman, China SecuritiesRegulatory CommissionPeople's Republic of China

Surviving and thriving in a knowledge-based economy:What are the practical issues to be overcome before accountants can truly achieve their newidentity?

New technology and the rapid speed of transactions have heightened the risk and the need for

enhanced control mechanisms. Every case of malpractice must be addressed to maintain the

profession's integrity.

• How do you promote best practices in corporate governance?

Accountancy as a career is under threat both from alternative careers and demographics thathave seen a reduced pool of talent. The profession must offer an enticing menu to remain attractive.Accountants' roles, competencies and curriculums are evolving to meet this challenge.

• How do you win in the war for talent?

Effective management, distribution and the use of business knowledge can improve results viaenhanced productivity, better understanding of risks and faster decision-making. Knowledgeoverload can clog any organisation, but an effective 'knowledge sharing' culture will add value.Additionally, knowledge workers need to learn new ways of learning knowledge.

• How do you manage knowledge and adopt new learning models to help enterprises optimisethis process?

English, French, German, Spanish, Putonghua, Japanese

Simultaneous Interpretation

8:30 a.m. - 9:45 a.m. 21 November 2002

Peter WYMANPresident, The Institute of CharteredAccountants in England & WalesPartner, PricewaterhouseCoopersUnited Kingdom

Brian R. BLOODPresident, CPA AustraliaPartner, Ernst & YoungAustralia

Peter WILSONPresident, The American AccountingAssociationJoseph L. Sweeney Chair ofAccounting, Boston CollegeUnited States

Andrew L.T. SHENGChairman, Hong Kong Securities andFutures CommissionHong Kong

Technical Programme

18

Workshop 11 Workshop 12

Corporate governance - how is the accountingprofession responding to public and regulatorydemand for greater transparency?

• The Internet has enfranchised the investor

and spectator alike. An increasingly broad

investor base demands more from the

profession.

• The knowledge-based economy - significance

of an avalanche of real time information.

• Increased public expectations for transparency

and disclosure. Shorter timelines for reporting.

• Regulatory responses re listed company

disclosures such as connected transactions.

• Technology/e-commerce - proliferation of

risks, increased need for relevant internal

controls and disclosures.

• Audit committee effectiveness - review of

best practices.

• Perspective of accountants in public practice

and those in commercial fields.

Speakers:

Roger ADAMSExecutive Director - Technical, Association ofChartered Certified AccountantsUnited Kingdom

David W. SMITHPresident and CEO, The Canadian Institute ofChartered AccountantsCanada

Anton VAN WYKPricewaterhouseCoopers, Inc-Partner, Global RiskManagement Solutions - Southern AfricaSouth Africa

What steps do Small and Medium Practitionersneed to take to maximise their opportunitiesin the knowledge-based economy?

• Increasing the involvement of SMPs in the

various standard setting processes.

• Is IAS suitable for Small and Medium

enterprises?

• Accelerating the development of an

international network for SMPs using

technology more effectively to enhance

productivity and life-long learning.

Chair:

Angelo CASOChairman, IFAC Small and Medium Practice Task ForceStudio Caso - PartnerItaly

Speakers:

Paul CHANCouncil Member and Chairman of the Small & Medium PractitionersCommittee, Hong Kong Society of AccountantsManaging Partner, Paul Chan & PartnersHong Kong

Lyle HANDFIELDVice-President, International and Corporate Affairs, CGA CanadaCanada

Robin JARVISHead of Small Business, Association of Chartered Certified AccountantsUnited Kingdom

Language: English

Chair:

Guylaine SAUCIERCM, Corporate DirectorCanada

10:00 a.m. - 11:15 a.m. 21 November 2002

Technical Programme

19

Workshop 13Innovation from accounting institutes for thenew economy - new skill-sets, qualificationsand modes for serving members.

• New skill-sets - benchmark what major

institutes see as the key skill-sets required.

• Changes to professional examination

syllabuses.

• Qualifications - international accreditation

and mutual recognition update. The way

forward in developing a workable framework...

• New modes of serving members e.g. web-

based publishing, online CPD records,

eLearning-based CPD, email based

communication and chatrooms.

• New Global Qualification XYZ.

• Case studies re institutes experience.

Peter WYMANPresident, The Institute of Chartered Accountantsin England & WalesPartner, PricewaterhouseCoopersUnited Kingdom

Chair:

Speakers:

Alan W. ANDERSONSenior Vice-President, Member and Public Interests, AmericanInstitute of Certified Public AccountantsUnited States

Dominique LEDOUBLEPast Chairman, Ordre des experts-comptablesFrance

Hiroshi NAKACHIEx-President, The Japanese Institute of Certified Public AccountantsRepresentative Senior Partner, Nakachi Audit CorporationJapan

Language: English

10:00 a.m. - 11:15 a.m. 21 November 2002