The Serbia Technical Assistance for Reform of Corporative Financial Reporting (STAR-CFR) project launched in June 2016, funded by a generous grant from Switzerland. Implemented by the Serbian Ministry of Finance and the World Bank Centre for Financial Reporting Reform (CFRR), the project aims to contribute to an enhanced investment climate in Serbia by improving the institutional and technical capacity of supervisory authorities, professional organizations, and universities to produce high-quality financial reporting in line with the EU acquis communautaire and good international practice. The project’s focus includes building capacity in the accountancy and audit professions, and improving monitoring and evaluation by regulators of financial reporting of both private companies and state owned enterprises.
An important component of STAR-CFR is improving the quality of initial professional development and professional education, to enhance the competence and judgement of young professionals. This objective is being addressed through a number of activities, ranging from a detailed evaluation of current practices to “training the trainer” programs. It includes bringing together representatives of universities and professional accountancy organizations that offer accounting and auditing education to improve understandings of areas requiring reform.
This workshop seeks to:
- Develop knowledge and skills towards introducing competency based education programs focused on learning outcomes, including integrative case studies.
- Disseminate the Competency-Based Accounting Education and Assessment Materials developed by the World Bank.
- Provide a detailed understanding of the procedures and mechanisms involved in obtaining international accreditation of their programs, with the expert input of the Association of Chartered Certified Accountants.
- Encourage dialogue and cooperation among participating representatives of universities and professional accountancy organizations.