ACCOUNTANCY DEV

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The Accountancy Development Project will finance the improvement of accounting practices in both the public and private sectors by supporting the development of technical standards and code of ethics for the accountancy profession; and by supporting the Government's program to raise the quality of accounting faculty and teaching staff. The project will also help the future expansion of accountancy education and training. Specifically, the project will focus on modernization of government accounting through implementation of a new modernized system (SGV-Utomo), and Government auditing with the aim of improving the efficiency and effectiveness of the overall government audit function. The project will further support education and training; provision of an advisor to the Capital Market Executive Agency (BAPEPAM); assistance to the Indonesian Institute of Accountants; and improvement of the quality of accounting manpower in the higher, secondary and nonformal education subsectors.