IFAC and IAASB together with The World Bank Centre for Financial Reporting Reform (CFRR) held a webinar on the new International Standards on Quality Management (ISQMs)

The meeting is the part of webinar series held by the World Bank within the frames of the European Union-World Bank joint Financial Inclusion and Accountability Project

The virtual event served to demonstrate reporting system for the representatives of IV category entities

The event was held with the participation of the government, regulatory bodies, private sector, companies and financial institutions and was aimed to overview current corporate governance and ESG issues 

The recommendation is related to the syllabuses for the professional certification of auditors. In case the syllabuses will be implemented universities can claim exemptions from professional certification courses.    

With the support of the World Bank, an updated self-learning manual of Financial Reporting Standard for 4th Category Entities was placed on the SARAS web page