Accounting education reform

On April 5-6, 2017, the World Bank’s CFRR jointly with the Kyiv National Economic University organized the Workshop on the National Initiatives for Strengthening Accounting Education in Ukraine. The event was organized within the Strengthening Auditing and Reporting in the Countries of the Eastern Partnership (STAREP) regional program, which is aimed to create a transparent policy environment and effective institutional framework for corporate reporting within the countries that make up the European Union’s Eastern Partnership: Armenia, Azerbaijan, Belarus, Georgia, Moldova and Ukraine.

On May 30, 2017, the World Bank’s CFRR organized a Workshop on Strategies for Greater Compliance with International Education Standards in Vienna. The event was organized within the Strengthening Auditing and Reporting in the Countries of the Eastern Partnership (STAREP) regional program, which is aimed to create a transparent policy environment and effective institutional framework for corporate reporting within the countries that make up the European Union’s Eastern Partnership: Armenia, Azerbaijan, Belarus, Georgia, Moldova and Ukraine.

National initiatives for improving accounting education and strengthening professional accounting organizations (PAO) in Azerbaijan were discussed at a workshop organized by the World Bank’s CFRR on November 22-23.

Supporting the development of accountants & finance professionals in its beneficiary countries is one of the main objectives of PULSAR Education Community of Practice (EduCoP). Between October 2019 and early 2020, an IPSAS Training of Trainers (ToT) Program for the core group of trainers from PULSAR participating countries was completed and formed the basis for further scaling up IPSAS training in beneficiary countries.

Recognizing that high quality financial information is supported by sound accountancy education systems that develop and improve the competence of professional accountants, accountancy education providers (both academic and professional education providers) met in Vienna on 1 June 2017 to presented the findings of the Regional “Accountancy Education Benchmarking Study”, developed under the Education Community of Practice (EduCoP) of the Road to Europe: Program of Accounting Reform and Institutiona

Over 50 stakeholders, including policymakers, representatives from the academia, the profession, regulators, private and public sector employers, business community, as well as development partners, met in Skopje on June 27, 2017 with a view to building consensus on, and facilitating in-county accountancy education reforms.

Policymakers, representatives from the academia, the profession, regulators, business community, as well as development partners, met in Pristina on July 5, 2017 with a view to building consensus on, and facilitating in-county accountancy education reforms.

On April 20th 2018, a roundtable discussion on accounting education and certification was hosted at the World Bank office in Baku. Over 20 participants represented a range of stakeholders including the Ministry of Education, the Ministry of Finance, the Ministry of Taxation, Professional Accountancy Organizations and Universities, the Chamber of Auditors, and representatives of business and industry. Representatives for Azerbaijan on the STAREP Education Community of Practice were all present.

During the first week of May, the regional "Strengthening Auditing and Reporting in the Eastern Partnership" program hosted several knowledge and capacity events aimed at strengthening accounting and auditing profession in Georgia. Joining forces with the Service for Accounting, Reporting and Auditing Supervision (SARAS) and IFRS Foundation, the World Bank’s CFRR delivered two roundtables dedicated to the accounting education and professional development, as well as IFRS Workshop.

The Serbia Technical Assistance for Reform of Corporative Financial Reporting (STAR-CFR) project launched in June 2016, funded by a generous grant from Switzerland.