The conference was opened by the President of Kosovo, the Minister for Economic Development and the President of SCAAK. It was attended by 264 participants.
Supporting fiscal stability and economic growth
The conference explored the theme of identifying and addressing the capacity needs to support fiscal stability and economic growth. Leading the first session relating to the public sector, the World Bank's Chief Financial Management Officer Anthony Hegarty explained the connection between poverty and sound country public financial management and audit systems, and set out the importance and success factors required to respond to the capacity challenges required for sustainable development.
The public sector panel also included presentations by the Auditor General of Kosovo, the Senior Technical Manager of the International Federation of Accountants (IFAC) member body development division and the Head of Treasury of Kosovo.
The capacity requirements for sound corporate financial reporting systems was the topic of the second session, which featured a keynote address on the contribution of corporate financial reporting to economic growth by John Hegarty, the World Bank's advisor on Financial Reporting and Audit regulation. He was joined by Damir Kaufman from the Ministry of Finance, Croatia, as well as the Governor of the Central Bank of Kosovo, the head of the Chamber of Commerce, the Board for Standards in Financial Reporting.
Experiences in implementing capacity development
The second day focused on the experiences of implementation of capacity development from the perspective of the region. This session featured presentations by the World Bank, the Chair of IFAC's professional accounting organization development committee, and the leaders of the professional bodies from the UK (CIPFA), Malta (MAB/FEE), Croatia (CoA), Bosnia & Herzegovina (FBH AA), Kosovo (SCAAK), Macedonia (ICARM), Montenegro (ICAM), Moldova (ACAP) and Albania (IEKA).
The conference concluded that a new partnership was required between the interests of both public and corporate sectors, and in the area of accountancy development, the profession had a unique role in facilitating solutions to the capacity challenges.
Following the conference the CFRR hosted meetings between prospective IFAC candidates, CFRR and the staff of IFAC.