Title:Technical Assistance for Enhancing Financial Disclosure Standards in Transitional Economies
Budget:348,000 EUR
Country:Kazakhstan;Kyrgyzstan;Mongolia;Uzbekistan
Dates: October, 2006 - May, 2007
Partner: N/A
Funding:ADB

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 focused on strengthening accounting standards in line with International Financial Reporting Standards (IFRS) and Auditing Standards in line with International Standards of Auditing (ISA) in selected countries (Kazakhstan, Kyrgyz Republic, Mongolia and Uzbekistan). The RETA trained regulators for better enforcement of such standard while fostering knowledge sharing in applying IFRS and ISA.
RETA identified and addressed 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.