Accounting profession

Financial Reporting in Private and Public Sectors – Common Issues, Challenges and Recent Developments

A two-day workshop on November 28-29 convened participants from three regional programs, covering 13 countries, that is STAREP (Armenia, Azerbaijan, Belarus, Georgia, Moldova and Ukraine), EU-REPARIS (Albania, Bosnia & Herzegovina, Kosovo, FYR Macedonia, Montenegro and Serbia) and PULSAR (Albania, Armenia, Azerbaijan, Belarus, Bosnia and Herzegovina, Croatia, Georgia, Kosovo, FYR Macedonia, Moldova, Montenegro, Serbia and Ukraine) [PULSAR joint workshop was co

During 8-10 October 2018, the World Bank Georgia Country Office hosted two delegations from the Ministry of Finance of the Republic of Belarus and from the Service for Regulation and Supervision of Financial Markets of the Kyrgyz Republic (SRSFM). The delegations had a unique opportunity to learn about implementation of audit reform in Georgia from their colleagues from the Service of Accounting, Reporting and Audit Supervision (SARAS) in an interactive workshop format.

The Financial Reporting Community of Practice met on July 3-4, 2019, in Vienna, to take stock of progress  on the alignment of the  participating countries’ legal frameworks to the EU acquis and the strengthening of institutions.

The fourth round of IPSAS Training of Trainers Program (ToT) was held in Batumi, Georgia, from January 20 to January 24, 2020. The event was hosted by the Training Academy of the Ministry of Finance of Georgia. The training was delivered in Russian for 29 participants from 6 countries (Armenia, Azerbaijan, Belarus, Georgia, Moldova, Ukraine) and included representatives of the Ministry of Finance, universities involved in accounting programs, Professional Accounting Organizations, and Government training academies.

This Financial Reporting Community of Practice meeting discussed the implementation of accounting and auditing reforms in alignment with the related EU acquis Communautaire, and capacity building initiative in the countries of the Western Balkans.

Professional Accountants bring to bear their skills in applying international accountancy standards that increase the credibility and trustworthiness of financial reporting in all sectors of the economy.  However, in the world of Private Equity, fund managers are often required to analyze opportunities and make investments in environments where financial accounts are of questionable quality. So, what is the role for a professional accountant in private equity?

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