Technical Assistance for Enhancing Financial Disclosure Standards in Transitional Economies
(ADB: Kazakhstan, Uzbekistan, Kyrgyzstan, Mongolia, 2006–2007)

ADB provided the Central Asian Republics and Mongolia with three Regional Technical Assistance (RETA) grants for enhancing their financial management, governance and disclosure standards. This RETA will focus on strengthening accounting standards in line with International Financial Reporting Standards (IFRS) and Auditing Standards in line with International Standards of Auditing (ISA) in for selected countries: Kazakhstan, Kyrgyz Republic, Mongolia and Uzbekistan. The RETA will train regulators for better enforcement of such standard while fostering knowledge sharing in applying IFRS and ISA. RETA will identify and address on country-specific basis, weaknesses in the institutional, legal, and regulatory frameworks of the four TEs in the adoption of IFRS and enforcement of ISA.