ICAC 2014 Report and Pension Funds and the Office of the State’s Inspector General; one representative from the National Audit Office; four auditors’ representatives; one representative from the Bank of Spain; one member with a legal or fiscal background or a state attorney or mercantile registry; a pro-fessor; an investment analyst; and one renowned expert in the field of accounting and auditing. The Secretary General of the Accounting and Audit Institute, who will perform the functions of Secretary of said committee, will attend the Audit Committee sessions, with the right to be heard but having no vote. The Accounting Board is the body in charge of evaluating the suitability and appropriate natu-re of any regulatory proposal or interpretation of general interest in accounting matters within the Conceptual Framework of accounting regulated in the Commercial Code. The Accounting Board is chaired by the Chairperson of the Institute, who casts the deciding vote, and it is formed, together with the Chairperson, by a representative from each one of the other centres, bodies and institutions that are responsible for regulating accounting matters within the financial system: the Bank of Spain, the National Securities Market Commission and the Directo-rate General of Insurance and Pension Funds. A civil servant from ICAC acts as the Secretary of the Board and attends meetings, with the right to be heard but having no vote. Also sitting on the Accounting Board and attending with the right to be heard but having no vote is a represen-tative of the Ministry of the Economy and Taxation designated by the department head. Spanish Royal Decree 302/1989 of 17 March determines that the structure of ICAC should inclu-de 9 the following deputy directorates: • General Secretariat. • Sub-Directorate General of Accounting Technique and Standardisation. • Sub-Directorate General of Technical Audit Standards. • Sub-Directorate General of Technical Control. Within the scope of the authorities attributed to the body by Law 19/1988 of 12 July, the Ge-neral Secretariat is responsible for: The study, proposal and management of the personnel policies applicable to the employees of the autonomous body; obtaining, organising and safeguarding bibliographical and documentary material from both domestic and international sources in the fields of accounting, finance and auditing; managing material resources, buildings and facilities; internal operations; economic, accounting, budgetary and accounting management functions and functions of an administrative nature in general, as well as organising and maintaining the Official Registry of Auditors and publishing the Official Gazette of the Accounting and Audit Institute. The Official Registry of Auditors is divided into two sections, one relating to individual auditors and the other to audit firms. It periodically publishes an updated list of registered auditors, listing their names and registered business addresses as well as the following information for members that are legal entities: • Registered address. • The full names of each of the partners, indicating who is responsible for administrative and management functions. • The full names of the auditors who work for the company.
Annual Report of Activities in 2014
To see the actual publication please follow the link above