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Regional RETA: REG 41648-01

Project Impact
Project Outcome
Project Outputs
Procurement
Project Processing Stage
Status of Consulting Services
Project Officer
Project Name
Enhancing Financial Disclosure Standards in the Caucuses

Executing Agency
Asian Development Bank

TA Amount (US$ '000)
600.00

Activity Type
Others

Date of First Listing
28 March 2008


Project Impact
The 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.

Project Outcome
Upon completion, the RETA's outcome will be improved quality of accounting standards in Armenia, Azerbaijan, and Georgia.

Project Outputs
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.

Consulting Services
Consulting services yet to be determined.

Project Processing Stage
Submission for President's Consideration: Nov 2008.

Recruitment of Consultants
Requirements for consulting services to be completed during fact-finding mission.

Project Officer
R. Narasimham (632-6703)
Governance, Finance, and Trade Division, CWRD
rnarasimham@adb.org