Effective audit oversight helps improve the quality of financial information, which is crucial to good governance and economic growth.
This paper aims to assist European Union (EU) candidate and potential candidate countries, particularly in the Western Balkans, to establish effective oversight of corporate audit. It:
Montenegro’s 2024 Report on the Observance of Standards and Codes in Accounting and Auditing provides new recommendations on further enhancement of the institutional framework for corporate financial reporting in Montenegro.
The guide “Corporate Sector Financial and Sustainability Accounting, Reporting and Auditing in the EU Acquis Communautaire” is the fourth edition of the guide which was first issued in 2007. It provides an overview of EU policy for policymakers, regulators, and stakeholders in Member States, enlargement countries, and the “European Neighborhood.” It is essential for understanding EU standards and regulatory models.
The World Bank conducted reviews of accounting and auditing within the ROSC initiative at the invitation of the Kyrgyz Republic. The World Bank utilized a diagnostic tool that it developed to gather pertinent information for preparing the Accounting and Auditing ROSC. The ROSC A&A report provides recommendations on further enhancement of the institutional framework for corporate financial reporting in the Kyrgyz Republic.
Georgia’s progress in the corporate financial reporting reforms assessed acknowledged in the 2022 Report on the Observance of Standards and Codes in Accounting and Auditing (ROSC A&A). The ROSC A&A report provides new recommendations on further enhancement of the institutional framework for corporate financial reporting in Georgia.