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Agreement to Establish a Regional Group

The Coordination Accounting Council of the CIS Executive Committee (hereinafter referred to as “the Council”) at its September 2013 meeting made a recommendation to professional unions (associations) of CIS accountants and auditors which are IFAC members, to coordinate their activity within this international organization through setting up a regional group that will represent their interests in IFAC.

Following the Council’s decision, on November 1, 2013, the presidents of four professional unions –the Association of Professional Accountants and Auditors of the Republic of Moldova, the Institute of Professional Accountants and Auditors of Russia, the Chamber of Professional Accountants of the Republic of Kazakhstan and the Federation of Professional Accountants and Auditors of Ukraine – signed the Agreement on setting up a regional group of professional unions (associations) of accountants and auditors of the CIS countries.

The aim of the regional group is to take a more active part in the work of accounting and audit international organizations as well as to coordinate its actions with IFAC and other international associations.

The regional group plans to implement different accounting and audit projects and promote their results in the practice of accounting and audit communities in CIS countries.

The regional group intends to work on preparation and discussion of the projects devoted to international financial reporting standards, audit, ethics, education of professional accountants and international accounting and reporting standards in the public sector.
The above-mentioned Agreement welcomes other professional unions of the CIS countries to join it and to pursue its aims and objectives.

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