During the week of March 21, 2016, the World Bank’s CFRR team held a series of events in Tbilisi to demonstrate the World Bank’s commitment to ongoing reform in audit regulation and support Georgia on its reform path in this important policy area. The key highlights of these events were:
A regional Conference “Strengthening Corporate Governance in Albania and Kosovo: Sustainability Reporting and Increased Role of the Audit Committees” was held in Tirana, Albania on November 10, 2022. The event focused on further implementation of corporate sustainability reporting measures that encompass social and environmental reporting. It also addressed the increased role of audit committees.
The aim of the closing conference held in Bishkek on 08 June 2022 was to share key achievements of the Kyrgyz Audit and Financial Reporting Enhancement Project (KAREP) and lessons learned identified as part of an independent evaluation as well as to discuss next phase of reforms in the field of accounting and auditing. The event was attended by about 35 participants, representing KAREP key beneficiaries and including policy makers, regulators, representatives of the academia and of the profession and it was organized in a hybrid mode, i.e., face to face and online.
“Trust, sustainability, finance, development, communication, and success.” These were the most frequently used words during three high-level events in Vienna from 26 to 28 April, according to Samia Msadek, Practice Director, Governance Global Practice at the World Bank.
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.
The official launch of the Service for Accounting, Reporting and Auditing Supervision (SARAS), a subordinated agency of Georgia’s Ministry of Finance, took place in Tbilisi on June 21. Reform of auditing and financial reporting is an obligation for Georgia under the country’s Association Agreement with the European Union (EU), and its implementation is a top priority for the Government.
On June 21-22, 2017, the World Bank’s CFRR organized the Workshop on the National Initiatives for Strengthening Accounting Education in Georgia. 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.
A two-day virtual webinar was delivered by the CFRR on March 30 and 31, 2022 under two flagship regional programs: Strengthening Auditing and Reporting in the Eastern Partnership (STAREP) and the Road to Europe Program of Accounting Reform and Strengthening Institutions for Small and Medium Enterprises (REPARIS for SMEs).
National initiatives for improving accounting education and strengthening professional accounting organizations (PAO) in Belarus were discussed at a workshop organized by the World Bank’s CFRR on September 20-21.