International Education Standards (IES)

The Public Sector Accounting and Reporting (PULSAR) Program held a joint workshop on December 1, 2022, for members of its Communities of Practice: on Financial Reporting (FinCoP) and Education (EduCoP). The EduCop was also joined by the members of The Strengthening Auditing and Reporting in Countries of the Eastern Partnership (STAREP) Program. The workshop was organized by the World Bank Centre for Financial Reporting Reform (CFRR) as part of events marking 15 years of CFRR activities.

On May 30, 2017, the World Bank’s CFRR organized a Workshop on Strategies for Greater Compliance with International Education Standards in Vienna. The event was organized within the Strengthening Auditing and Reporting in the Countries of the Eastern Partnership (STAREP) regional program, which is aimed to create a transparent policy environment and effective institutional framework for corporate reporting within the countries that make up the European Union’s Eastern Partnership: Armenia, Azerbaijan, Belarus, Georgia, Moldova and Ukraine.

A CFRR workshop in Moscow on October 17 highlighted the changing role and requirements of professional accountants and auditors, and the strategic benefit in ensuring they acquire and maintain relevant knowledge, skills, and experience for a successful career in an increasingly global marketplace.

While significant progress was demonstrated by the Moldovan authorities in aligning the audit and accounting legislation to the EU acquis requirements, there is still a room for a better alignment of the requirements and process related to Professional Auditor Qualification to the provisions of the International Education Standards (IES) and good international practices.

Supporting the development of accountants & finance professionals in its beneficiary countries is one of the main objectives of PULSAR Education Community of Practice (EduCoP). Between October 2019 and early 2020, an IPSAS Training of Trainers (ToT) Program for the core group of trainers from PULSAR participating countries was completed and formed the basis for further scaling up IPSAS training in beneficiary countries.

The PULSAR program is an initiative to increase transparency, accountability, and better management of public resources through the enhancement of public sector accounting (PSA) and financial reporting frameworks. PULSAR is financed by the Governments of Austria and Switzerland and is implemented by the World Bank. Participating countries include Albania, Armenia, Azerbaijan, Belarus, Bosnia and Herzegovina, Croatia, Georgia, Kosovo, FYR Macedonia, Moldova, Montenegro, Serbia, and Ukraine.

Recognizing that high quality financial information is supported by sound accountancy education systems that develop and improve the competence of professional accountants, accountancy education providers (both academic and professional education providers) met in Vienna on 1 June 2017 to presented the findings of the Regional “Accountancy Education Benchmarking Study”, developed under the Education Community of Practice (EduCoP) of the Road to Europe: Program of Accounting Reform and Institutiona

This one-day EU REPARIS Program Education Community of Practice workshop, organized jointly by the World Bank Centre for Financial Reporting Reform (CFRR) and the International Federation of Accountants® (IFAC®), convened over 60 participants including the leadership team of national accounting organizations from the Western Balkans, other interested European Professional Accountancy Organizations (PAOs) and international experts in the field.