Disclaimer Accountancy, Integrity & Financial Management: Relevant Projects The following illustrates IBTCI's experience in accountancy, integrity and financial management. Bangladesh: Supporting Good Governance Initiatives (Support to Anticorruption Initiatives) (ADB): The overall objective of the TA is to support an integrated anticorruption strategy in Bangladeshi private credit markets complemented by public sector anticorruption efforts focused on institutional and corruption prevention operations. IBTCI's team is tasked to establish an independent anticorruption commission; draft its statute, regulations, and procedures; conduct public awareness campaign; formulate Government's anticorruption strategy; and assist in training and capacity building efforts. Bosnia: Private Sector Accounting Project (USAID): The objective of this on-going project is to facilitate enterprise based conversion to International Accounting Standards (IAS) given that IAS is viewed as an essential stop for Bosnian enterprises to attract investment and accurately measure performance. IBTCI's activities promote a comprehensive accounting and auditing training regime, linked to certification and licensing requirements and in accordance with the technical requirements of the International Federation of Accountants (IFAC). China: Strengthening the Accountancy Profession (ADB): IBTCI was contracted to assist the Chinese Institute of Certified Public Accountants (CICPA) strengthen its supervisory mechanisms and its professional examination system. The project was aimed at capacity building and for institutional development of the accountancy profession in China, in accordance with international best practices. Indonesia: Support to State Audit Reform Project (ADB): The project consists of two phases. Phase 1 assists the development of a framework for state audit reform reflecting the new decentralization of government functions and accountability. It is based on a comprehensive sector analysis and extensive consultation with stakeholders to ensure the framework meets stakeholders' needs. Under this phase, IBTCI's team is: carrying out a comprehensive sector analysis; supporting stakeholders' decision processes; introducing "best international practices" in public sector auditing; developing alternative scenarios for institutional re-alignment of auditing institutions, proposed legislative framework, and policy implications thereof; seeking stakeholder consensus on a selected re-alignment scenario; and identifying areas for further state audit reform support. The second phase of the project will design further technical assistance efforts, including: project scope and components; implementation arrangements; and cost estimates. Kazakhstan: Financial Restructuring Training and Technical Assistance, Accounting Reform (USAID): In support of financial sector reform in Kazakhstan, IBTCI provided long-term technical support and training to the National Bank of the Republic of Kazakhstan (NBRK) and Kazakh commercial banks. The objectives were to improve the financial system management capabilities of the NBRK and to promote new accounting and operations practices within the commercial banking sector. Kyrgyz Republic: Financial Restructuring Training and Technical Assistance, Accounting Reform (USAID): In support of financial sector reform in the Kyrgyz Republic and to improve the financial accounting system management capabilities of the National Bank of the Kyrgyz Republic (NBKR), IBTCI provided long-term technical support and training in accounting, operations, credit administration and management information systems. IBTCI's support to the NBKR focused exclusively on the conversion of the National Bank to IAS as well as converted all the commercial banks to IAS. Macedonia: Accounting Reform and Development Activity (USAID): IBTCI established the legal/regulatory framework for internationally acceptable accounting standards, developed the capacity and effectiveness of accounting and audit firms, enhanced the professional level of accountants and auditors through extensive training activities, developed curricula for educational institutions, and worked with the Government of Macedonia on planning and implementation of new accounting standards. Macedonia: Development of State Audit Office (SAO) (WB): The project objective is to provide a comprehensive education system for the SAO staff. IBTCI's team is tasked to: present the role and activities of the SAO to the public, prepare and propose a detailed organizational structure of SAO; provide a training needs analysis and conduct "in-house training" and "on-job-training"; prepare audit manual; conduct study tours and exchange programs with other supreme audit institutions; and design a central model of audit planning. Nepal: Continuing Professional Education (CPE) Training (ADB): IBTCI provided CPE and anti-corruption and auditing fraud training to grass root level auditors of the Government of Nepal. The course was based on "best practices" and specifically sought to adequately prepare participants to meet professional duties in planning, staffing, Conducting, and reporting on audits and other investigative processes. IBTCI was also responsible for treasury control, budget release preparation, financial services, and law and regulation preparation. Slovakia: Accountancy Reform Country Action Plan (WB): IBTCI was contracted to assist the Ministry of Finance in developing a Country Action Plan (CAP) to implement World Bank Report on Standards and Codes (ROSC) recommendations. IBTCI developed priorities, time frames, and activities to strengthen the accounting and auditing profession and the adoption of IAS and ISA. Areas included in the CAP were: IAS adoption and implementation, ISA adoption and implementation, Banking Industry, Capital Markets, University Curriculum, and strengthening Professional SROs. Thailand: Government Finance Statistics (GFS) Data Management System (WB): The project objective was to establish a specialized Management Information System (MIS), capable of compiling and computing fiscal stances of the sector on the GFS. The IBTCI team provided interpretation of GFS requirements, recommendations for GFS reporting requirements (substance and process) as they related to the Fiscal Policy Office's MIS implementation, and provided quality assurance review of CIM Systems work, when requested. Turkmenistan: International Accounting Reform Project (WB): IBTCI provided technical assistance to the Ministry of Economy and Finance to reform the accountancy profession through changes in legal and regulatory framework, professional education, training, and restructuring. The strategic objective of the assignment was to assist Turkmenistan in developing National Accounting Standards that are IAS compliant and to provide greater financial accountability and transparency. Ukraine: Accounting and Audit Reform Activity (USAID): IBTCI provided USAID-funded assistance to the Government of Ukraine (GOU), the Ukrainian Federation of Professional Accountants and Auditors (UFPAA), private enterprises, accounting practitioners and other institutions to facilitate the transition of the legal and regulatory framework, education and training programs and the practice of accounting and auditing in Ukraine in accordance with international standards. Ukraine: Financial Infrastructure Development in Implementation of International Accounting Standards (USAID): IBTCI assisted the National Bank of Ukraine (NBU) with the implementation of IAS in the commercial banking sector. The project developed procedures to assist the NBU and several pilot banks in the adoption and implementation of IAS. Although project resources focused mainly in commercial banks,the IBTCI team maintained liaison with the NBU Accounting and Bank Supervision departments and other donor supported projects involved in national accounting reform. Ukraine, Moldova: Country Financial Accountability Assessment (CFAA) (WB): The IBTCI Advisor was retained to perform an "internal to (World) Bank" confidential evaluation of the work done by the CFAA teams. The Bank's team attempted to assess the level of transparency and accountability in both public and private sectors in the subject countries. The CFAA materials analyzed included the public sector financial management practices, issues of internal and external auditing, role of civil society in raising government accountability, local government institutions, private sector accounting and auditing standards and practices. Uzbekistan: Financial Restructuring Technical Assistance, Accounting Reform (USAID): In support of financial sector reform in Uzbekistan, IBTCI provided long-term technical support and training to the Central Bank of Uzbekistan (CBU) and Uzbek commercial banks. The objectives of the assignment were to improve the financial system management capabilities of the CBU and to promote new accounting, operations and credit practices within the commercial banking sector.