Project duration: 2018-2019

Project code:TFOA2080,P154862

Project coordinator: Consortium consisting of: Consortium leader: Pricewaterhouse Coopers d.o.o.Belgrade, Consortium members: Singidunum University, Pricewaterhouse Coopers Auditing Ltd. Hungary and AARC Ltd.

Participants from Singidunum University: Zoran Petrović, Marko Milojević Lidija Barjaktarović, Nemanja Stanišić, Kosana Vićentijević, Goranka Knežević, Vule Mizdraković.

Abstract


This project is financed by the Government of Switzerland for the implementation of the Road to Europe-Program of Accounting Reform and Institutional Strengthening (REPARIS), managed by the World Bank and it is a part of  Serbia Technical Assistance for Reform of Corporate Financial Reporting Project.
The project beneficiary, Ministry of Finance of the Republic of Serbia, has chosen a Consortium consisting of PwC d.o.o.Belgrade, Singidunum University, PwC Auditing Ltd. Hungary and AARC Ltd. to be a Consultant for training in application and use IFRSs, IFRSs for SMEs and ISA.

Consultancy services include:

1. Preparation, development and implementation of professional training courses on IFRS and IFRS for SMEs.

2. Preparation, development and implementation of comprehensive training program for the use ISAs;

3. Preparation and organization of events, campaigns and similar
   activities for investors, lenders, creditors and other stakeholders, aimed at raising knowledge and  awareness of the importance of good corporate financial reporting.

All trainings and events will be conducted in Serbian and in the territory of theRepublic of Serbia.

More information

Project duration: 2017-2020

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, Miroslav Perić

Abstract 

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),  gave the Republic of Serbia 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.

1. Establishment of an International Standards on Auditing (ISAs) committee and developing a sustainable process for translating ISAs in Serbian.


2. 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,


3. 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

On September 21, 2017, the Ministry of Finance signed a contract with a consortium comprised of Singidunum University and Informative Business Center (IPC-Informativno poslovni centar).  By this agreement, the consortium officially became a consultant in the Serbia Technical Assistance for Reform of Corporate Financial Reporting Project.

The main task of the consortium is to provide the Ministry of Finance consulting services: to review and analyze the existing legal and regulatory framework of corporate financial reporting and its alignment with the EU policies and best international practice (REF SRB-RCFR-TF2080-1-1.2-2016-5).