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Information & Communications Technology (ICT) Task Force
Project Proposal CAG Meeting
Mexico City, MexicoOctober 30, 2017
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Request CAG Input on ICT Project ProposalICT Task Force
OBJECTIVESI. Obtain sufficient evidence through information
gathering activities to evaluate whether current IESs are fit for purpose in the digital age.
II. Recommend standards development activities that are responsive to the needs of stakeholders.
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Areas of Focus
Business Acumen
Behavioural Competence
Digital Acumen
Data Interrogation, Synthesis and Analysis
Communication
ICT Task Force
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QUESTIONS
A. Do you agree with the five focus areas as further refined through the comments provided?
B. Do you view the focus areas as expected competency areas by Accountants to perform their role?
ICT Task Force
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QUESTIONS
C. What advice do you have on what would be most meaningful to stakeholders?
For example, should consideration be given to providing more learning outcomes or disaggregate existing learning outcomes?
ICT Task Force
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Use information technology to support decision making through business analytics
IES 2, Information Technology (one of three LO)
Identify relevant and reliable information to use in business analytics
Assess the completeness and accuracy of information produced from digital sources
Evaluate the extent of analytics performed after consideration of the risk of an inappropriate decision based on the circumstances
Evaluate the results and consider contrary or confirming information from other sources when forming conclusions
Example for Discussion Purposes Only
Before After
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None of the proficiency levels in competency areas are advanced.
D. With less focus on processing information and more focus on analysis and quality of decision making, should consideration be given to evaluating proficiency levels?
Level of Proficiency
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• Initial discussion with other standard setting boards and committees
• Initial ICT Survey• Roundtables • Financial Executives
Institute• Large staffing firm
Information Gathering ActivitiesICT Task Force
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• Literature review• ICT skills inherent in ISAs,
Ethics Code, and PCAOBAuditing Standards
• Evaluation of existing ICT related competency frameworks
Information Gathering ActivitiesICT Task Force
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• Opportunity to provide further input– AACSB – Bob Reid– Common Content – Anne Lamb– NASBA – Ray Johnson
• Approach to engagement
Request from CAG
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• Variability in the way universities are responding• Significant impact on business models and processes• Importance of CPD• Nature and manner in which work is performed will change• New business risks• Governance• Variability of the impact on developing and developed
nations• Integration of skills
Literature Review
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QUESTIONS
E. Has the Taskforce captured the key areas from the literature review that should be considered in the ICT project?
ICT Task Force
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• Overall, the survey achieved its objective– 233 respondents with wide geographic dispersion– Supportive of ICT scope and direction
• Opening questions• Five focus areas
– Nature and extent of comments received • Analysis in process
– Evaluation of further reachout to respondents in process• Targeted survey• Interviews
Initial Survey
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Proposed Milestones and Timeline
December 2017
• Analysis of standards and competency frameworks
March 2018
• Analysis of ICT skills identified
• Evaluation against competence areas and learning outcomes in IESs
April 2018
• Recommend standards development activities to the Board
ICT Task Force
Stakeholder Reachout
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Questions
F. Does the CAG agree with the project milestones and proposed timeline?
ICT Task Force