Good international practices

This SIT aimed at exploring different international models for Public Sector Accounting education and reviewing the local and regional approaches to promoting accounting education in the Public Sector from PAOs prospective. During the session, members had the opportunity to learn from a number of countries outside of the region (specifically South Africa, Philippines and Vietnam) and compare them to relevant models in the CoP member countries.

Supervisory staff of the National Bank of the Kyrgyz Republic (NBKR) are better equipped with the knowledge and tools on International Financial Reporting Standards (IFRS) requirements. A four-day training program focused on IFRSs specifically used in banking sector was delivered with KAREP support between February 01 and 08, 2022.

The Workshop hosted virtually about 135 participants from 34 countries.

Governments are entrusted to manage public resources and deliver a wide range of public services in a sound, cost-effective, and sustainable manner. However, many countries still face significant challenges in the quality of financial reporting, including its consistency and comparability.

Three webinars were held between 8 June and 10 June 2021 under STAREP regional program and these were attended by about 40 participants each day.

The overall aim of the experience exchange webinars was to learn from Slovenian experience related to the establishment of an independent public oversight function, entry requirements and registration of auditors and audit firms; monitoring of continuing professional development; quality assurance inspections and enforcement procedures, as well as cooperation with foreign audit regulators.

A roundtable involving key stakeholders was organized by the World Bank and the Ministry of Finance of Kazakhstan under Joint Economic Research Program (JERP) on March 30, 2021. The event was attended by about 45 participants.

The key objective of the event was to discuss the content of the provisions of the new model of audit oversight function in Kazakhstan.

The Workshop hosted virtually about 60 participants from about 11 countries.

The implementation of accrual accounting is a long-term project in the public sector, and clarity of direction is important. None of the countries deciding to initiate PSA reform have the same starting point, capabilities, and DRIVERS. It is important to acknowledge this fact in setting country’s reform objectives and paths.

On March 4, within the frames of the European Union-World Bank joint Financial Inclusion and Accountability Project, the World Bank held an online meeting on - “Future of SMPs: Digital Transformation”.

Four series of webinars were delivered between 09 February and 12 February 2021 and these were attended by about 80 participants each day.

The Workshop hosted virtually about 180 participants from 32 countries.

Execution of core government functions and public sector service delivery crucially relies on the availability of effectively managed public sector assets. A well-informed and evidence-based management of financial and non-financial assets is crucial for governments and citizens. In this regard, Public Sector Accounting (PSA) reforms create fruitful conditions for an efficient use of public sector resources and therefore are an important prerequisite for sound public sector fixed asset management.

The PULSAR Financial Reporting Community of Practice (FinCoP) Working Group meeting was held on November 21-22, 2019 in Vienna, Austria.