Support to public accounting reforms


This project aims at developing and strengthening the public accounting framework in Serbia in order to improve the use of public resources and increase transparency. The direct beneficiaries of this project are the Treasury Administration and budget users at central and subnational level.

Paese/Regione Tema Periodo Budget
Serbia
Economic and financial policy
01.12.2016 - 31.12.2020
CHF 900'000
Contesto In Serbia, accounting and financial management faces several weaknesses which limit proper oversight over the use of public funds and fiscal planning. Public accounting reforms are therefore an important pillar of the Government’s PFM Reform Program 2016-2020. A gradual move to an accrual-based accounting system enables the production of financial information that provide a comprehensive and accurate view of the Government’s financial performance and financial positions. The project also aims at improving professional public accounting capacities to ensure effective implementation of the new accounting standards.
Obiettivi The overall objective of the project is to strengthen public sector accounting and financial reporting in order to enable better management of budget resources, improved decision making and higher transparency in the use of public funds. The project will help facilitate the introduction and implementation of international public accounting standards in the Serbian public accounting system and strengthen institutional capacities to prepare and utilize financial information at the Treasury Administration as well as other budget institutions at central and local government level. Through targeted training and capacity building the knowledge and application of accounting standards by public entities will be improved. In order to ensure sustainability, a local training and certification mechanism for public accountants will be established. The project will also support the development of adequate IT resources which are required for the implementation of accrual accounting standards.
Effetti a medio termine Public accounting legal and regulatory framework establishedNational accounting guidance elaboratedA new set of public accounting standards implemented at targeted budget beneficiariesStrengthened capacities at Treasury Administration to lead public accounting reformsStrengthened capacities at targeted budget beneficiaries to produce and understand financial reports according to the new standardsA public accounting training and certification mechanism is established at a local institutionIT master plan for Treasury detailing requirements regarding equipment and technical and human resources established
Risultati

Risultati principali attesi:   Gap analysis comparing national accounting standards against International Public Sector Accounting Standards (IPSAS)Assessment of training needs of public accountantsEnactment of international accounting standardsDevelopment of key principles driving the promulgation of public accounting standardsTraining to Treasury Administration and other budget beneficiaries to allow for the gradual implementation of new accounting standardsElaboration of curricula, training materials and certification program for public accountantsIdentification of a local training institutionElaboration of an IT master plan to support the implementation of accrual accounting standards


Direzione/Ufficio responsabile SECO
Credito Cooperazione con l'Europa dell'Est
Partner del progetto Partner contrattuale
  • Banca mondiale - Banca internazionale per la ricostruzione e lo sviluppo


Budget Fase in corso Budget Svizzera CHF   900'000 Budget svizzero attualmente già speso CHF   0 Budget inclusi partner del progetto CHF   2'000'000
Fasi del progetto Fase 10 01.12.2016 - 31.12.2020   (Fase in corso)