Working Committees

Executive Committee

Executive committee members carry out a vital role within the Board of Directors and the Network Community. The Executive Committee is responsible to manage and execute the Executive Office based on the business strategies and operational plan approved by the Board. Day-to-day management of the Network will be delegated to paid staff or to volunteer. Executive Committee also responsible to facilitate all activities under Network Working Committees.

The Executive committee is the group of people who are held accountable for the activities of the Network. It is the ultimate decision-making forum at executive level.

Overview of responsibilities

• To ensure that all Network activities does supports its vision, mission and objectives. They establish the fundamental values, the ethical principles and strategic direction in which the Network operates.

• To ensure all Network activities is complying with all relevant legal and regulatory requirements and in line with its governing document, constitution or memorandum and articles of association.

• Accountable to manage the Network membership and other key stakeholders such as potential new member, funders and donors. The Executive Committee monitors and evaluates all areas of the Network’s performance.

• To consider and investigate formal complaints against member firms and cases of unprofessional conduct which are brought to the knowledge of the Executive committee and help Disciplinary Unit to make decisions thereto.

Audit and Assurance Committee

The Audit and Assurance Committee (AASC) is responsible to support the Board and the Network in their responsibilities for issues of risk, control and governance. The AASC reviews the comprehensiveness of assurances in meeting the Board and Accounting Officer’s assurance needs and to reviews the reliability and integrity of these assurances.

The clerk to the Audit and Assurance Committee will be the Secretary to AASC Committee or another appropriate independent individual.

Overview of responsibilities

• To review on exposure draft or new or revised international standards on auditing or guidance for auditing practices issued by relevant authorities and submit findings on the changes for networks’ information or other regulators.

• To overseeing ethics and compliance should work with Executive Committee to determine that the Network’s code of ethics or conduct complies with the applicable requirements. Network may update the code in response to new issues or situations. Legal counsel should be consulted on modifications to the code.

Tax Committee

The Tax Committee (TC) will act as a knowledge resource to enable the Network and member firms to respond to taxation issues, develop taxation policy papers and to provide expert counsel in the area of federal tax policy. TC members will support the CA profession’s reputation management process by acting, when requested, as spokespersons and subject experts.

The clerk to the Tax Committee will be the Secretary to Committee or another appropriate independent individual.

Overview of responsibilities

• To unify and maintain high quality of documentation system within the taxation services and to act as a conduit for member firms to channel their views in taxation.

• To provide thought leadership and input on international and domestic tax issues as part of enhancing the committee members knowledge, exposure on international issues and Committee Brand with respect to taxation matters.

• To advise the CAS International CEO on an as needed basis. This will be facilitated through discussion by the Chair of the Tax Committee, CEO or others as directed by the chairman and CEO.

Business Advisory and Corporate Solutions Committee

The Business Advisory and Corporate Solutions Committee (BACS) is group of consultants responsible to supports member firms or business leaders to further understand their corporate governance responsibilities and improve their performance and governance standards. BACS also responsible to act as a general advisor to the member firms and provide knowledge resources, best practices, and technology to serve internal (and sometimes external) clients and business partners.

The clerk to the Business Advisory and Corporate Solutions Committee (BACS) will be the Secretary to Committee or another appropriate independent individual.

Overview of responsibilities                        

• To formulate strategic plans, promote management consultancy services among member firms and to keep abreast the current development related to the industries and disseminates to member firms.

Insolvency and Corporate Solutions Committee

The Insolvency and Corporate Solutions Committee (ICS) will act as a knowledge resource and subject experts to advise, access the options and recommend the best course of action to the member firms or clients dealing with distressed company or unmanageable situation.

The clerk to the Insolvency and Corporate Solutions Committee (ICS) will be the Secretary to Committee or another appropriate independent individual.

Overview of responsibilities

• To make sure all member firms will have Insolvency as new Department and to instil knowledge to member firm’s staff.

Quality Risk Management Committee

The Quality Risk Management Committee (QRM) is responsible for assisting the member firms in its oversight of quality assurance review every three (3) years by rotation basis. (Applicable only to Audit Firm).

The clerk to the Quality Risk Management Committee (QRM) will be the Secretary to Committee or another appropriate independent individual.

Overview of responsibilities

• To facilitate development of effective risk management and quality assurance practice for all member firms and provide guidance to member firms for compliance.

IFRS Group Committee

The IFRS Group Committee will act as a knowledge resource and subject experts to keep updates on the latest standards and international issue relating to International Financial Reporting Standards.

The clerk to the IFRS Group Committee (IFRS) will be the Secretary to Committee or another appropriate independent individual.

Overview of responsibilities

• To standby and comment on new standard/exposure draft as decide by the group and attend to special issues arise by the members and provide comments when possible.

Marketing and Brand Development Committee

The Marketing and Brand Development Committee is to support and work collaboratively with the Executive office, to offer suggestions and formulate Marketing and Advertising strategies that will promote the Network as a business. The purpose of the committee is to strengthen the network of communications among the Network members, the Board of Directors and potential members/clients.

The clerk to the Marketing and Brand Development Committee will be the Secretary to Committee or another appropriate independent individual.

Overview of responsibilities

• To formulate strategy on promoting and developing a branding for CAS International to be more competitive and well-known.

• Manage the brand and image of the Network

• Review the advertising needs of the Network and constantly promoting CAS International in social media.

• Organise publicity campaigns when necessary

• Submit an annual Marketing plan as well as the Marketing budget to the Network for review.