Audit Oversight in the European Union and Western Balkans
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:
Georgia Accounting and Auditing Report on the Observance of Standards and Codes
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.
Sharing Practices in Audit Oversight: Insights from Serbia
The EU-funded REPARIS for SMEs program hosted a knowledge sharing event in Belgrade, titled “Sharing Practices in Audit Oversight: Insights from Serbia”. Representatives from Serbia, Bosnia and Herzegovina and the World Bank participated, aiming to help Bosnia and Herzegovina align its audit oversight frameworks with EU standards.
Improving Audit Quality through Audit Oversight and Quality Assurance Systems
The Association of Southeast Asian Nations’ (ASEAN’s) Audit Regulatory Group (AARG) has partnered with the World Bank to build on and support existing efforts to share knowledge and promote good practices of audit oversight within the countries that make up the ASEAN Community. This collaborative workshop in Bangkok continued the establishment of the Audit Oversight Community of Practice for the prospective AARG members (AOCoP) i.e. the Philippines, Brunei, Cambodia, Laos, Myanmar, and Vietnam.