Enhancing Financial Disclosure Standards in Armenia, Azerbaijan, and Georgia

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Impact and Outcome, Methodology and Key ActivitiesThe RETA will impact positively on good governance in the corporate and financial sectors at country and regional levels. It will enhance the regulator's capacity in accounting and auditing standards' setting and quality control. Upon completion, the RETA's outcome will be improved quality of accounting standards in Armenia, Azerbaijan, and Georgia. The RETA will develop country-specific action plans to improve financial disclosures. Specifically, the TA will undertake the following: (i) guidelines on interpretation and implementation of International Standards of Auditing (ISA); (ii) building local ISA compliant audit capacity; (iii) training regulators from the 3 countries; and (iv) seminar for interface of country participants to share knowledge and experience in International Financial Reporting Standards (IFRS) and ISA implementation.