Accounting and Financial Reporting

We promote regional cooperation and sharing of experiences to support our constituency in overcoming challenges when transitioning to accrual-based accounting and adopting the International Public Sector Accounting Standards (IPSAS). We aim to strengthen public sector accountants’ role in the preparation and delivery of the accounting reforms, fight against fraud and corruption, better management of publicly owned assets, and cooperation with other key stakeholders in implementing the public sector reforms. We explore also why accounting matters from a central banking perspective by focusing on accounting and financial reporting framework and on accounting standards for banking and non-banking sector supervisors. Together with the Chartered Institute of Public Accountancy (CIPFA), we offer a platform for sharing knowledge, experience, best practices, and recommendations to public sector accountants and auditors at our joint annual international conference.

Topic lead

Želimir Stanić

Specialist, Learning Program

zelimir.stanic(at)cef-see.org

2025 Highlights

workshop

Within the »Empowered Accountants and Auditors for Accountable Public Sector (EAPS)« program, a key priority will be advancing asset accounting through a multiyear certified project for Asset Managers. This initiative will be enriched with additional educational support tailored for public officials in this field.

To emphasize the significance of Public Sector Asset Management, we will convene high-level meetings and deliver targeted learning initiatives. These efforts aim strengthen knowledge about the legal, institutional, and strategic policy frameworks.

For the first time, we will introduce a certified program in forensic accounting and auditing, designed to enhance public officials' expertise in anticorruption practices.

Additionally, the international CEF-CIPFA conference will serve as a platform for dialogue, knowledge exchange, and collaboration among public officials, policymakers, and experts, addressing critical intersections of public finance management and its role in building public trust. Accounting professionals in central banks will also receive targeted training, with a focus on cost accounting.

To ensure learning remains responsive to regional needs, we will continue the annual workshop of the Network of Regional Experts (NRE) for accounting and auditing, prioritizing identified learning needs and translating them into practical capacity development initiatives.

Finally, we will also train experts on selected and the most relevant topics that are addressed through certification training modules, while additionally developing country specific on-the-job training for accountants.