Regulatory Projects and the Audit Committee - Research, studies, documentation, distribution and publication activities intended to develop and perfect accounting standards and the accounting profession

Annual Report of Activities in 2014

ICAC 2014 Report From the IT department the same tasks of analysis, development, and design of applications in pre-production and production in Microsoft Visual Studio are carried out. Net and Portal Web that provide support to the different actions carried out by the different sub-directorates of the Institute. For this purpose the Technical Specification Documents are prepared that encompass the required specifications, for which the different sub-directorates involved have provided their support. Subsequently the follow up and support is performed in the applications that have been developed (Filing of Accounts, Registration, Quality Control, ROAC, Paws, Vision and knosys) and the databases are prepared in SQL Server 2012, for the creation of dynamic pages. Regulatory Projects and the Audit Committee During this period, 36 reports and queries of the General Secretariat were carried out and also 5 sessions of the Audit Committee Organisation and coordination of the meetings of the Audit Committee, as well as the drafting of the minutes. Research, studies, documentation, distribution and publication activities intended to develop and perfect accounting standards and the accounting profession Regarding this aspect, the quarterly publication of the ICAC, the Official Gazette of the Institute (BOICAC), represents the dissemination of relevant aspects regarding accounting and auditing. There is also a website with the most relevant regulatory information, as well as consultations on accounting and audit topics published in the Institute’s Gazette for general information purposes. Another study published every year refers to the audit situation in Spain. According to the report on the Audit Situation in Spain in 2014, published in edition 100 of BOICAC (December 2014), the number of practising auditors was 4,288, of whom 2,482 worked as independent contractors and 2,942 worked for companies (1,044 auditors are both partners and practising auditors). The number of firms inscribed in the ROAC was 1,404. A total of 9,494.546 hours were invoiced, 8,848.331 of which were billed by audit firms and 646,215 by auditors working as independent freelancers. In order to protect the publishing rights of the titles that the ICAC publishes, in compliance with that set out in the Intellectual Property Law (amended by Law 21/2014), this organisation is in-corporated in the framework of the agreement signed between the Ministry of Economy and Competitiveness and the CEDRO Association. Through this association they collect and deposit into the Treasury the amounts relating to the use and reproduction of the books published by this Institute. In brief, the specific actions developed in 2014 in this area in comparison with the year before were as follows: 33


Annual Report of Activities in 2014
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