TCOP Activity outcomes Baku, Azerbaijan  April 12 – 13,  2018

Public Sector Accounting and Reporting Thematic Groups were established in 2013 to address three topics: - Government Assets Accounting – completed its work in 2015 - Financial Reports Consolidation – completed its work in 2016 - Accounting Standards – the only group that was decided to keep (initially comprised 7 countries – Belarus, Georgia, Moldova, Russia, Tajikistan, Turkey and Montenegro) Since its establishment the TG on Accounting Standards has held: 3 workshops (Podgoritza, Tbilisi, Minsk) 1 VC The current meeting is the first one after workshop in Minsk, Belarus (October 2016).

The Accounting Standards TG: Workshop in Minsk, Belarus, October 2016 Ensure a deeper understanding by participants of practical issues related to the implementation of international standards aligned with IPSAS Provide expert peer support to MOF of Belarus in the implementation of accounting reforms Goals Expose participants to the public accounting reform experience in member-countries and other countries of the region as well as with the EU efforts to develop public accounting standards Provide recommendations to Belarus colleagues Key outcomes Members of TCOP TG on Accounting Standards – 45 participants from 13 countries Detailed Report and materials of the activity are available at the PEMPAL website: www.pempal.org Participants

Workshop in Minsk

Accounting Standards Key outcomes of TG activity Peer expert support provided to several countries (including Belarus and Montenegro) regarding the implementation of international standards Guidelines to identify mismatch between national methodology and international standards reviewed Experience of several countries regarding implementation of accounting standards aligned with internationals standards reviewed

Knowledge Products on accounting and financial reporting produced by the TG Integration of Budget Classification and CoA: Cases of Good Practice among TCOP Member Countries, 2014 Final Report on the TCOP TG on Assets Management Activity, 2015г. Guidelines for Financial Reports Consolidation, 2016

FinCoP Public Sector Accounting and Reporting COP TCOP representatives attended the launch of the program – December 2017 Goal – provide support to participating countries in improving public sector accounting and reporting in line with international standards and best practices to enhance accountability, transparency and efficiency of the public sector. FinCoP Public Sector Accounting and Reporting COP EduCoP Accounting and Reporting Education COP Institutional support – World Bank, Austria, Switzerland 1-st meetingе – December 11-13, 2017, Vienna, Austria 2-nd meeting (upcoming) – April 23-25, 2018, Vienna, Austria

Thank you!