Auditor General attends the first edition of the South Asia Regional Seminar Series

The Auditor General of Bhutan, led a six-member delegation, including officials from MoF, RMA and RAA to the first edition of South Asia Regional Seminar Series on ‘Enhancing Public Financial reporting to promote Growth in SAR’, held from 3rd to 4th November 2016 in Colombo, Sri Lanka.

The seminar adopted the theme ‘Implementation of IPSAS and Path to Accrual Accounting’ and aims to create awareness on the usefulness of high quality financial reporting for decision-making and stimulate thinking on how to move reporting practices in South Asia to the next level. The seminar explored the reporting reforms required for the region to support and promote growth, discuss the present trends and challenges in reporting reforms and hear from a diverse group of stakeholders on how they would benefit from financial reporting reforms in South Asia.

The event was attended by senior officials from the public sector including decision makers and preparers of financial statement, academia, regulators, think tanks and professional accountancy organizations from South Asia. Officials from International Federation of Accountants and International Public Sector Accounting Standards Board shared global trends in reporting.

The event was organized by the South Asian Federation of Accountants (SAFA) in partnership with the Institute of Chartered Accountants of Sri Lanka, the World Bank Group and funded by the Asian Development Bank.

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