Policymakers, representatives from the academia, the profession, regulators, business community, as well as development partners, met in Pristina on July 5, 2017 with a view to building consensus on, and facilitating in-county accountancy education reforms.
The overall aim of the series is to increase the audit profession's capacity to deliver high-quality training and continuing professional development (CPD) programs based on the Standards of the International Auditing and Assurance Standards Board® (IAASB®). In particular, the workshop series focuses on the needs and challenges of Small and Medium-sized Practices (SMPs) to implement International Standards. The series is conducted with the support of the International Federation of Accountants® (IFAC®).
Over 300 stakeholders, including policymakers, representatives from the academia, the profession, regulators, private and public sector employers and representatives from the business community, met in Becici, Montenegro on October 20, 2017 to attend a World Bank Centre for Financial Reporting Reform (CFRR) workshop focusing on accountancy education.
The private equity market in the Western Balkans is at a very early stage of development and there is currently limited investment opportunity. The main source of financial capital available for Small and Medium-sized Enterprises (SMEs) throughout the region currently is through banks; by obtaining lines of credit, bank loans and other forms of debt. Alternative sources of capital are either non-existent or in very low supply.
This virtual learning session provided an overview of the International Professional Practices Framework (IPPF) and updated on the recent changes in the framework, covering the mission statement and the core principles as well as presented the changes to the International Standards for the Professional Practice of Internal Auditing (ISPPIA).
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.
A two-day workshop on November 28-29 convened participants from six “STAREP Program” countries (Armenia, Azerbaijan, Belarus, Georgia, Moldova and Ukraine) for the tenth Education Community of Practice (EDUCOP) workshop. The second day of the workshop was held jointly with members of the PULSAR EDUCOP (Public Sector). In addition, participants from the Kyrgyz Republic and Serbia participated as guests at the event as part of the KAREP and STAR-CFR projects respectively.
As part of the Serbia Тechnical Assistance for Reform of Corporative Financial Reporting (STAR-CFR) project funded by a generous grant from Switzerland, the World Bank CFRR delivered a three-day workshop to existing and future providers of continuing professional development to accountants and auditors in Serbia from May 16th to May 18th 2018.
Professional Accountants bring to bear their skills in applying international accountancy standards that increase the credibility and trustworthiness of financial reporting in all sectors of the economy. However, in the world of Private Equity, fund managers are often required to analyze opportunities and make investments in environments where financial accounts are of questionable quality. So, what is the role for a professional accountant in private equity?
