FCM Council Meeting &
General Assembly
FCM Secretariat
Rome April 29th 2015
Outline (I)
I.
Introduction & Minutes
II. Membership Management update
III. FCM activities
IV. Financial Statements 2013, 2014 &
Budget 2015
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Outline (II)
V. Elections–Nominating Committee Proposal
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5.1 Election of the new President
5.2 Election of the new Vice -President
5.3 Election of the new Treasurer
5.4 Composition of the Executive Committee
5.5 Structure of the Secretariat
VI.FCM Accountant for 2015
VII. Other business & Closing remarks
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II FCM Membership update
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The Albanian Institute of Authorised Chartered Accountants (IEKA)
The Institute of Certified Public Accountants in Bulgaria (IDES)
The Institute of Certified Public Accountants of Cyprus (ICPAC)
The Egyptian Society of Accountants and Auditors (ESAA)
Compagnie Nationale des Commissaires aux Comptes de France (CNCC)
Conseil Superieur de l'Ordre des Experts Comptables de France (CSOEC)
The Institute of Certified Public Accountants of Greece (SOEL)
The Institute of Certified Public Accountants in Israel (ICPAS)
Consiglio Nazionale Dottori Commercialisti e Esperti Contabili Italiani (CNDCEC)
Society of Certified Accountants and Auditors of Kosovo (SCAAK)
The Malta Institute of Accountants (MIA)
Ordre des Experts Comptables du Maroc (OEC)
Ordem dos Revisores Oficiais de Contas de Portugal (OROC)
Ordem dos Tecnicos Oficiais de Contas (OTOC)
Palestinian Association of Certified Public Accountants (PACPA)
The Body of Expert and Licensed Accountants of Romania (CECCAR)
Serbian Association of Accountants and Auditors (SAAA)
Consejo General de Colegios de Economistas de Espana (CGCE)
Consejo Superior de Colegios Oficiales de Titulados Mercantiles y Empresiales de Espana
Ordre des Experts Comptables de Tunisie (OECT)
Union of Chambers of Certified Public Accountants of Turkey (TURMOB)
Expert Accountants Association of Turkey (EAAT)
Association of Chartered Certified Accountants (ACCA)
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III FCM ACTIVITIES
Strategy Plan for 2014 – To be continued…
•The mapping of the administrative situation
• Confirming current membership and new
membership
•Members’ expectations
•FCM strategic meetings with the international bodies
•Development of specific projects
•Revision of the FCM structure and Statutes
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IV FINANCIAL STATEMENTS
FOR APPROVAL :
FCM FINANCIAL STATEMENTS 2013
• BDO REPORT
FINACIAL STATEMENTS 2015
• DOTT. GODOFFREDO BARBI
BUDGET 2015
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V. Nominating committee: proposals
Last Council meeting held in Rabat appointed, for the
composition of the Nominating committee:
 Samir Agoumi – Current President
 Masum Turker – Former FCM President 2004-2006 –Turkey
 William Nahum –Former FCM President 2006 – 2008 – France
 Jose Maria Casado –FCM Council Member –Spain
 Hysen Cela –FCM Council Member -Albania
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Proposal of the Nominating Commitee
 Samir Agoumi will assure the presidency for the next six months (May to
October 2015)
 Hysen çela will assume the vice presidency for the upcoming six months
 In October/November 2015 a new President will be nominated.
The countries nominated are:
1. Italy
2. Romania
3. Turkey
 In case Italy and/or Romania decides not to accept the nomination, Turkey
will take the presidency for the next two years mandate.
 Panagiotis Alamanos has been nominated as vice-president for the next two
years mandate.
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STRUCTURE OF THE SECRETARIAT
 CURRENT SITUATION
 The Secretariat services are provided from
Brussels as convened in the Service
Contract signed with Maria Casado.
 No staff has been hired since the leave of
Flavia and Maria Teresa.
 All the secretarial and administrative work
is provided by Maria Casado.
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V. NEW STRUCTURE OF THE
SECRETARIAT
Three possible options
1. Secretary General based in Brussels + one part-time secretariat
support based in Brussels FCM Headquarters legally based in
Brussels or virtual Headquarters
2. Secretary General based in Brussels + one part-time secretariat
support based in one MB's' headquarters, with FCM having
virtual Headquarters (email and/or post box).
3. Secretary General based in Brussels + one part-time secretariat
support based in one MB's headquarters (where FCM would
pay for one small office and for the part-time secretary)
 The rental contract of the office in Rome will end in April 30, 2015.
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New Structure of the Secretariat
3 Options
SG based in Brussels SG based in Brussels
+ Secretariat support + Secretariat support
SG based in Brussels from FCM Member
from FCM Member
+ Secretariat support Institution (1/2 time) Institution where the
(1/2 time) based in
legal office will be
Brussels
established
Headquarters FCM
Headquarters
Headquarters FCM
Member
different
of
Brussels or virtual
Member Institution
the country providing
secretarial support
Italy
Organizational Structure
The General Assembly
The President/Deputy President
The Bureau
THE COUNCIL
THE NOMINATING
COMMITTEE
THE EXECUTIVE
COMMITTEE
The Treasurer
THE SECRETARY
GENERAL
(Executive Director)
THE SECRETARIAT
(Administrative office)
Organizational Structure
Organizational Structure
The General Assembly
The General Assembly
The President/Deputy President
The President/Deputy President
The Bureau
THE COUNCIL
THE BOARD
THE NOMINATING
COMMITTEE
THE EXECUTIVE
COMMITTEE
The Treasurer
The President, the
Deputy President, the
Chief Executive, and
two Vice-Presidents.
THE SECRETARY
GENERAL
(Executive Director)
THE SECRETARY
GENERAL (Chief
Executive)
THE SECRETARIAT
(Administrative office)
THE SECRETARIAT
(Administrative office)
Technical
Commitee
IV. EXECUTIVE COMMITTEE: CURRENT AND
FUTURE COMPOSITION
General Assembly 30 April 2013
(for 2013-2015)
Council meetings 30 April 2013
(for 2013-2015)
President, Samir Agoumi (OEC Morocco)
Executive Committee for 2013-2015, Hysen Cela
(IEKA Albania) Treasurer, Philippe Arraou (CSOEC
France) and Ardiana Bunjaku.
Deputy President, Daniela Vulcan (CECCAR
Romania)
FUTURE
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VI. FCM Technical Committee (I)

As established in the FCM statues (article 11), the Federation is governed by a
Council, which consists of one representative appointed by each member body of the
Federation. Each member body will appoint only one representative, who may be
assisted by no more than two technical advisors.

The Council may delegate discussion to technical committees and task forces. The
representatives on these technical committees and task forces shall be drawn from
among the Federation’s members, and from others as approved by the Council. Such
technical committees and task forces shall make recommendations to the Council.

In the view of being more effective, we would like to nominate the representatives
from the different members’ bodies for the composition of a Technical Committee on
a permanent basis. The candidates do not necessarily be the same persons
appointed by the member’s bodies as its Council representatives.
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VI. FCM Technical Committee (II)

Instead, the objective is to select technical experts who will assist the council
members in the development of technical projects and will provide technical
assistance when working with international organisations such as World Bank, IFAC
and donors.
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The technical committee will be the main support to the secretariat technical activities
and projects (e.g Survey on Capacity building) and its recommendations will be
submitted to the approval of the FCM Executive Committee.
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The Technical Committee should be operative in the upcoming weeks.
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ADD confirmation from Members delegating a technical expert for the composition of
the technical committee by February 13
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VII. FCM Strategy
 The Technical committee should provide
the assistance to the FCM Secretariat for
the formulation of FCM strategy
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VIII.FCM Website
 Renewal of the website - The Secretariat
will request different estimates that will be
submitted for approval at the next general
Assembly
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IX. Membership
 Define the strategy following the discussion
held at the last Council meeting in Rabat
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X. Activities with the World Bank
 Egypt Strengthening Practice Requirements? Event (June
2015)
 Building an MSME Enabling Environment – How Can
Auditing / Accounting Policy and Capacity Be Developed
to Meet this Objective? (June 2015)
 CV MENA Article on the Research / Survey (over the
summer)
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ICPAC
Cyprus
5.062,50
Paid
ESAA
Egypt
5.062,50
Paid
CSOEC
France
11.812,50
Paid
CNCC
France
11.812,50
SOEL
Greece
8.437,50
Paid
ICPAS
Israel
CNDCEC
Italy
SCAAK
Kosovo
23.625,00
3.375,00
Paid
MIA
Malta
OEC
Morocco
3.375,00
Paid
FCM BUDGET 2015
In Euro
budget 2015
Operating revenue
Member dues
158.612,50
Interest income
Sponsorship Annual Conference
Total operating revenue
17.000,00
175.612,50
Operating expenses
Executive committee and council expenses
FCM
Seminars
expenses
and
conferences
6.500,00
10.000,00
THANK YOU
www.fcmweb.org