The Affiliation of Chartered Licensed Accountants (ACCA) has signed memorandums of understanding (MoUs) with the Ministry of Economic system and Finance of the Republic of Uzbekistan and the nation’s central financial institution.
The agreements are supposed to again ongoing monetary reporting reforms, promote the usage of worldwide requirements and construct skilled capability within the nation’s finance sector.
They help the implementation of a presidential decision geared toward bettering company monetary reporting and aligning Uzbekistan’s monetary system with world practices.
The MoU with the Ministry of Economic system and Finance extends current cooperation on the adoption of Worldwide Monetary Reporting Requirements (IFRS) and improvement of the accountancy occupation.
It covers coaching in worldwide monetary reporting and auditing requirements, train-the-trainer programmes for educators, audit high quality assurance, help for sustainability reporting and abilities improvement within the public sector.
ACCA Central Asia, Armenia and Mongolia head Zhanna Iskenova mentioned: “This MoU displays the robust and long-standing cooperation between ACCA and the Ministry of Economic system and Finance in supporting Uzbekistan’s monetary reporting reforms and improvement of the accountancy occupation.”
The settlement with the Central Financial institution of Uzbekistan focuses on IFRS implementation within the banking trade and enhancing abilities on the central financial institution and industrial banks.
Deliberate cooperation consists of focused capacity-building, potential sector-specific certification and persevering with skilled improvement for banking employees, together with short-term specialist coaching with worldwide specialists.
ACCA Eurasia Public Affairs lead Gaukhar Ashirbekova mentioned: “The cooperation with the Central Financial institution of Uzbekistan represents an necessary milestone in ACCA’s engagement with the nation’s monetary sector.
“We see robust potential to additional help the banking sector by way of worldwide information alternate, skilled improvement initiatives and capability constructing for finance professionals working throughout the banking sector.”
In April this 12 months, the ACCA and the Affiliation of Licensed Monetary Professionals of Uzbekistan signed an MoU with the Uzbekistan ministry to advance finance abilities within the nation.
“ACCA indicators MoUs with Uzbekistan’s finance ministry and central financial institution” was initially created and printed by The Accountant, a GlobalData owned model.
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