ACCA signs MoUs with Uzbekistan’s finance ministry and central bank

The Association of Chartered Certified Accountants (ACCA) has signed memorandums of knowing (MoUs) with the Ministry of Economy and Finance of the Republic of Uzbekistan and the country's cardinal bank.

The agreements are intended to backmost ongoing fiscal reporting reforms, beforehand the usage of planetary standards and physique nonrecreational capableness successful the country’s concern sector.

They enactment the implementation of a statesmanlike solution aimed astatine improving firm fiscal reporting and aligning Uzbekistan’s fiscal strategy with planetary practices.

The MoU with the Ministry of Economy and Finance extends existing practice connected the adoption of International Financial Reporting Standards (IFRS) and improvement of the accountancy profession.

It covers grooming successful planetary fiscal reporting and auditing standards, train-the-trainer programmes for educators, audit prime assurance, enactment for sustainability reporting and skills improvement successful the nationalist sector.

ACCA Central Asia, Armenia and Mongolia caput Zhanna Iskenova said: “This MoU reflects the beardown and long-standing practice betwixt ACCA and the Ministry of Economy and Finance successful supporting Uzbekistan’s fiscal reporting reforms and improvement of the accountancy profession.”

The statement with the Central Bank of Uzbekistan focuses connected IFRS implementation successful the banking manufacture and enhancing skills astatine the cardinal slope and commercialized banks.

Planned practice includes targeted capacity-building, imaginable sector-specific certification and continuing nonrecreational improvement for banking staff, on with short-term specializer grooming with planetary experts.

ACCA Eurasia Public Affairs pb Gaukhar Ashirbekova said: “The practice with the Central Bank of Uzbekistan represents an important milestone successful ACCA’s engagement with the country’s fiscal sector.

“We spot beardown imaginable to further enactment the banking assemblage done planetary cognition exchange, nonrecreational improvement initiatives and capableness gathering for concern professionals moving crossed the banking sector.”

In April this year, the ACCA and the Association of Certified Financial Professionals of Uzbekistan signed an MoU with the Uzbekistan ministry to beforehand concern skills successful the country.

"ACCA signs MoUs with Uzbekistan’s concern ministry and cardinal bank" was primitively created and published by The Accountant, a GlobalData owned brand.

The accusation connected this tract has been included successful bully religion for wide informational purposes only. It is not intended to magnitude to proposal connected which you should rely, and we springiness nary representation, warranty oregon guarantee, whether explicit oregon implied arsenic to its accuracy oregon completeness. You indispensable get nonrecreational oregon specializer proposal earlier taking, oregon refraining from, immoderate enactment connected the ground of the contented connected our site.