Sustainability reporting

A new regional program Enhancing Accounting, Auditing, and Sustainability Reporting (EAASURE) was launched in Vienna, Austria on May 28-29, 2024 as part of a two-day Knowledge Sharing Event “Responding to New Requirements and Challenges in Corporate Financial and Sustainability Reporting” attended by about 80 participants from the 11 beneficiary countries.

A two-day Knowledge Sharing Event “Responding to New Requirements and Challenges in Corporate Financial and Sustainability Reporting” was held for more than 80 participants on May 28-29, 2024 in Vienna, Austria.

The third national conference under the Road to Europe Program of Accounting Reform and Institutional Strengthening for Small and Medium Enterprises (REPARIS for SMEs) regional project was held on November 09, 2023, in Skopje, North Macedonia.

The second Audit Quality Assurance Forum convened on November 7-8 in Skopje, North Macedonia, bringing together 51 representatives from competent authorities in the field of audit public oversight across Western Balkan countries. Ministries of finance and professional accounting associations, which play a crucial role in this domain, were also present.

The knowledge sharing event on "Good Practices in Audit Oversight and Enforcement: Insights from the Polish Agency for Audit Oversight" took place on October 3-4, 2023, in Warsaw. This event, organized by the World Bank Centre for Financial Reporting Reform, was part of the regional project The Road to Europe Program of Accounting Reform and Institutional Strengthening for Small and Medium Enterprises (REPARIS for SMEs).

On July 4^th, key stakeholders met in Pristina to discuss how to improve the approximation to the EU acquis in the field of accounting and auditing and strengthen the functionality of the public oversight system in Kosovo.

The workshop was hosted by the Georgian MOF. The event was attended by 96 participants from 12 countries, including 11 PULSAR beneficiary countries (Albania, Armenia, Azerbaijan, Bosnia and Herzegovina, Georgia, Kosovo, Moldova, Montenegro, North Macedonia, Serbia, and Ukraine), and Kazakhstan.

A National Conference “Strengthening Corporate Governance in Serbia: Sustainability Reporting and the Increasing Role of Audit Committees” was held in Belgrade, Serbia on May 11, 2023. The Conference was attended by members of audit committees of public interest entities and large state-owned enterprises, certified auditors, accountants, representatives of business associations, professional accounting associations, internal auditors, academia, totaling over 90 participants.

The world is seeing growing challenges that are affecting the real – and the financial economy, including banking and insurance companies. In the last two years, countries in Europe and Central Asia (ECA) are seeing the gains of ten years of reform and investment for inclusive growth and shared property drastically diminished by the Covid-19 pandemic, adverse climate events, and the war in Ukraine; these events have been disrupting supply chains and led more recently to rapid changes in prices of energy, food, and commodities, leading to inflation and rising interest rates.