IEC NEWSLETTER-N°12–December 2007

Introduction

Welcome to this new issue of your Newsletter, following the Executive committee meeting in Paris on December 3rd 2007.

What’s new with memberships? Four new firms from Peru, South Africa, Singapore and Indonesia will soon be visited for a field visit by Executive Committee members. Another 14 firms from all over the world have shown signs of interest in IEC. We will keep you updated with developments. As always, remember that you are our best source of contacts outside IEC! If you know of any firms who might be interested in joining an active and growing network like ours, don’t hesitate to tell them to ask for more information on info@iecnet.net or to go directly to our website on www.iecnet.net

2008 Staff Seminar: May 22nd to 24th, 2008 in Copenhagen

The Staff Seminar will take place in Copenhagen: May 22nd to 24th, 2008. This year TimeVision København will be hosting the annual IEC 2008 staff seminar and the topic will be “Auditing across the Borders”.The seminar will be held at the Hotel Park-Inn Copenhagen Airport, which is only five minutes by Metro from the airport and ten minutes by Metro from the centre of Copenhagen. The cost will be 400 € / 440 € per participant, the higher price being for those who will join us for dinner at the restaurant. We hope that you will help us to continue the success of previous years’ staff seminars by signing up for this one. Enrolment will be via a form which you will soon receive, which can be emailed or faxed to thm@time.dk or +45 7020 0293

The Semi-Annual Business Meeting in Brussels:

7th March 2008 The Semi-Annual Business Meeting will take place on 7th March 2008 in downtown Brussels, near the Grand Place. The main theme will be “Developments in Information Technology (“IT”) Strategies for Accounting and Tax Consultancy Firms”. It will be a one-day seminar, with external speakers from the IT industry for accountancy firms to develop and extend our views on IT and to investigate our opportunities, but also to investigate how we need to keep our IT systems etc “up to date”. The evening before, we will visit a renowned restaurant a few steps from the hotel, Le Carrefour de L’Europe. You have until 10th January 2008 to email your registration form! If you would like to stay longer at the hotel or if you have a specific request, just send an email to Emmanuelle.

Simplification within the European Union:

Good news from the Council of Ministers Following proposals of the European Commission to abolish the current European rules concerning accounting standards, the publication of accounts, and audits, IEC Chairman Michel De Wolf submitted comments on behalf of IEC. We are delighted to announce that the Council of Ministers, while sharing the objectives of the Commission of reducing administrative burdens, did not support the proposals, and this has been considered within the Fédération Européenne des Experts-Comptables (FEE) as good news.

India Delegation : November 2008!

Thanks to Mr. Ramakrishna Prabhu’s thorough presentation in Montreal of the proposed delegation to India, many members answered positively to the project, but asked for the dates to be changed. Mr. Ramakrishna Prabhu has agreed to postpone it to November 2008, hence giving IEC members more time to prepare. More details will be sent in the coming months to all IEC members, including a precise schedule and detailed costs.

Holiday greetings!

Please note that Emmanuelle will be away from 17th December 2007 to 11th January 2008.

Next Executive Committee meetings

• 23 February 2008: Paris. • 6 March 2008: Brussels. • 31 May 2008: Rome • 26th July 2008 Paris • 13th September 2008: Paris • 04 October 2008: Cyprus.

Michel De Wolf, chairman

Helmo Madsen, executive vice-president