Project duration: 2017-2018
Project code: TF2080-1-1.2-2016-5
Project coordinator: Singidunum University and IPC ( Informativno poslovni centar) consortium
Participants from Singidunum University: Zoran Petrović, Lidija Barjaktarović, Nemanja Stanišić, Kosana Vićentijević, Goran Kunjadić, Goranka Knežević, Žaklina Spalević, Marijana Prodanović
The Republic of Serbia has received from the International Bank for Reconstruction and Development/International Development Association("World Bank"), acting as administrator of grant funds provided under the Europe Program for Accounting and Institutional Strengthening (REPARIS) (TF071151), financing in the amount one million seven hundred and forty thousand Euros (1 740,000) equivalent from the trust fund toward the cost of the Serbia Technical Assistance for Reform of Corporate Financial Reporting Project, and it intends to apply part of the proceeds to payments for goods and consulting services to be procured under this project.
- Establishment of an International Standards on Auditing (ISAs) committee and developing a sustainable process for translating ISAs in Serbian.
- Developing a sustainable process for translating and adopting International Financial Reporting Standards (IFRS) and IFRS for SMEs in Serbian and supporting establishment of sharing mechanisms with other countries,
- Provision of training on the use and application of ISAs for auditing practitioners to enhance understanding for ISA and its application, and training the trainers for sustainability
Strengthening Serbian capacity to carry out the Project management including overall management and coordination, project related fiduciary activities (financial management and procurement) as well as monitoring and evaluation activities to ensure the long term sustainability of the reform results and operating costs.