Professional accounting organizations (PAOs)

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

Over 50 stakeholders, including policymakers, representatives from the academia, the profession, regulators, private and public sector employers, business community, as well as development partners, met in Skopje on June 27, 2017 with a view to building consensus on, and facilitating in-county accountancy education reforms.

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 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.

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.

The conference on October 2nd featured speakers from the World Bank, the Professional Accountancy Organization Development Committee of the International Federation of Accountants (IFAC), as well as representatives from Professional Accountancy Organizations (PAOs) in Poland, the Kyrgyz Republic, and Georgia. The discussions focused on changes in Accounting Law, how to achieve smooth transition by learning good international practices and overcoming challenges, as well as the implications to the accounting profession.

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.

Financial Reporting in Private and Public Sectors – Common Issues, Challenges and Recent Developments

A two-day workshop on November 28-29 convened participants from three regional programs, covering 13 countries, that is STAREP (Armenia, Azerbaijan, Belarus, Georgia, Moldova and Ukraine), EU-REPARIS (Albania, Bosnia & Herzegovina, Kosovo, FYR Macedonia, Montenegro and Serbia) and PULSAR (Albania, Armenia, Azerbaijan, Belarus, Bosnia and Herzegovina, Croatia, Georgia, Kosovo, FYR Macedonia, Moldova, Montenegro, Serbia and Ukraine) [PULSAR joint workshop was co

During 8-10 October 2018, the World Bank Georgia Country Office hosted two delegations from the Ministry of Finance of the Republic of Belarus and from the Service for Regulation and Supervision of Financial Markets of the Kyrgyz Republic (SRSFM). The delegations had a unique opportunity to learn about implementation of audit reform in Georgia from their colleagues from the Service of Accounting, Reporting and Audit Supervision (SARAS) in an interactive workshop format.