General Procurement Notice For Albania Strengthening Quality Of Auditing And Reporting Project

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General Procurement Notice Albania Strengthening Quality Of Auditing And Reporting Project The Development Objective Of The Proposed Project Is To Strengthen The Government And Relevant StakeholderS Capacity To Improve, Apply And Enforce Corporate Financial Reporting In Line With Good International Standards And Practices. The Project Consist In The Following Components: Component 1: Strengthening Standards Setting, Oversight And Enforcement The Focus Of This Component Is: I) Support For The Standard Setter And Oversight Of The Accountancy Profession, I.E. National Accounting Council And Public Oversight Board; Ii) Provision Of Ifrs Training For Bank Of Albania And Financial Supervisory Authority; Iii) Support To Further Improve Public Availability Of Financial Statements Through Feasibility Assessment Regarding Extensible Business Reporting Language (Xbrl). Component 2: Improving Capacity To Comply With Cfr Requirements, Development Of Accountancy Services And Public Awareness The Component 2 Will Focus On: I) Implementation Of Improvements In Examination Processes; Ii) Supporting The Accounting Profession To Increase Knowledge, Know-How And Capability In Areas That Provide The Opportunity To Export Accounting Services Internationally, To The Benefit Of The Profession And The Economy; Iii) Carrying A Public Awareness Campaign On The Impact Of Good Corporate Financial Repor Ting, The Importance Of Integrity, Objectivity And Competence, And The Benefits For And Impact On The Formal And Informal Economy And On The Importance Of Audit Quality And The Audit Committee Role. Component 3: Strengthening Accountancy Profession And Building Capacity In The Judicial System Component 3 Will Focus On: I) Supporting A Program Of Training To Assist Judges, Prosecutors And Judicial Actors Which Will Form An On-Going Part Of Their Cpd Training; Ii) Support The Accounting Profession In Establishing Forensic Accounting As A Separate Specialist Service Area For Accounting Organizations In Albania. Component 4: Project Management, Strengthening Reform Capacity, And Monitoring And Evaluation The Component 4 Will Include Activities Related To Project Management, Including The Overall Reform Management And Coordination, And Project Related Fiduciary Activities (Procurement And Financial Management), As Well As Monitoring And Evaluation (M&E) Activities Which Would Ensure The Long-Term Sustainability Of The Reform Results.

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