Corporate financial reporting

The fourth national conference under the Road to Europe Program of Accounting Reform and Institutional Strengthening for Small and Medium Enterprises (REPARIS for SMEs) regional project was held on May 24, 2024, in Ulcinj, Montenegro. The conference was organized in cooperation with the Institute of Certified Accountants of Montenegro (ICAM) as part of ICAM’s 9th International Symposium of Accountants and Auditors of Montenegro.

A two-day Knowledge Sharing Event “Responding to New Requirements and Challenges in Corporate Financial and Sustainability Reporting” was held for more than 80 participants on May 28-29, 2024 in Vienna, Austria.

The legal profession is evolving in an era characterized by increasingly complex financial transactions, regulatory requirements, and the intersection of law and finance. Lawyers, including judges and prosecutors, are increasingly required to navigate issues involving accounting, financial reporting, and taxation. In response to this changing landscape, it is imperative for legal professionals to have a solid understanding of accounting and financial reporting principles.

The third national conference under the Road to Europe Program of Accounting Reform and Institutional Strengthening for Small and Medium Enterprises (REPARIS for SMEs) regional project was held on November 09, 2023, in Skopje, North Macedonia.

On July 4^th, key stakeholders met in Pristina to discuss how to improve the approximation to the EU acquis in the field of accounting and auditing and strengthen the functionality of the public oversight system in Kosovo.

A National Conference “Strengthening Corporate Governance in Serbia: Sustainability Reporting and the Increasing Role of Audit Committees” was held in Belgrade, Serbia on May 11, 2023. The Conference was attended by members of audit committees of public interest entities and large state-owned enterprises, certified auditors, accountants, representatives of business associations, professional accounting associations, internal auditors, academia, totaling over 90 participants.

During the week of March 21, 2016, the World Bank’s CFRR team held a series of events in Tbilisi to demonstrate the World Bank’s commitment to ongoing reform in audit regulation and support Georgia on its reform path in this important policy area. The key highlights of these events were:

A regional Conference “Strengthening Corporate Governance in Albania and Kosovo: Sustainability Reporting and Increased Role of the Audit Committees” was held in Tirana, Albania on November 10, 2022. The event focused on further implementation of corporate sustainability reporting measures that encompass social and environmental reporting. It also addressed the increased role of audit committees.

The aim of the closing conference held in Bishkek on 08 June 2022 was to share key achievements of the Kyrgyz Audit and Financial Reporting Enhancement Project (KAREP) and lessons learned identified as part of an independent evaluation as well as to discuss next phase of reforms in the field of accounting and auditing. The event was attended by about 35 participants, representing KAREP key beneficiaries and including policy makers, regulators, representatives of the academia and of the profession and it was organized in a hybrid mode, i.e., face to face and online.

Quality Financial Reporting – a Catalyst for Growth

“Trust, sustainability, finance, development, communication, and success.” These were the most frequently used words during three high-level events in Vienna from 26 to 28 April, according to Samia Msadek, Practice Director, Governance Global Practice at the World Bank.