A World Bank Centre for Financial Reporting Reform (CFRR) Senior Officials’ Workshop took place in Vienna, Austria on November 29, 2022. It convened more than 140 high-level delegates of key CFRR programs, including senior government officials and policy makers from program countries, international development partners, professional and academic speakers, and experts from key international and European Union (EU) institutions.
“Benefits of Accrual Accounting in the Public Sector” analyses and illustrates benefits but also costs related to the implementation of accrual accounting in public sector entities which is a long-term project and requires understanding of outcomes and enabling conditions of such reforms.
On May 19, as part of the Kyrgyz Audit and Reporting Enhancement Project (KAREP), the World Bank held an exchange experience webinar in cooperation with the National Business Center (NBC) of Albania.
The Workshop hosted virtually about 90 participants from about 20 countries.
BY PASCAL FREREJACQUE
Editor's note: This blog also had contributions from Suraiya Zannath and John Hodge.
No transparency, no trust; no trust, no credit; no credit, no investment; no investment, no growth! So there is a simple logic: - Martin Gruell, Raiffeisen Bank International (2008)
This virtual workshop allowed participants to gain insight into proposed revisions and standards issued by the International Auditing and Assurance Standards Board (IAASB) and the International Ethics Standard Board (IESBA) and become updated with these developments directly from the Standard Setting Boards.
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 conference on October 2nd featured speakers from the World Bank, the Professional Accountancy Organization Development Committee of the International Federation of Accountants (IFAC), as well as representatives from Professional Accountancy Organizations (PAOs) in Poland, the Kyrgyz Republic, and Georgia. The discussions focused on changes in Accounting Law, how to achieve smooth transition by learning good international practices and overcoming challenges, as well as the implications to the accounting profession.
Over 32 representatives from Central Banks, Banking Supervisory Agencies, and Insurance Supervisory Agencies from 13 countries from Europe and Central Asia attended the Executive IFRS for Regulators Workshop on 26 and 28 November 2018, at the hotel Intercontinental in Vienna. The workshop was one of the several events around the 2018 Ministerial Conference, that took place on 27 November 2018, and was specifically directed at financial supervisors and regulators. This workshop was jointly organized by the World Bank Centre for Financial Reporting Reform (CFRR) and the IFRS Foundation.
