November. GFPAA. Conference Professional Regulation and Self-Regulation (Tbilisi. Georgia)
The Georgian Federation of Professional Accountants and Auditors (GFPAA) have organized an international accountancy conference "Professional Regulation and Self-Regulation: Experience, Reality, Prospects" in Tbilisi, Georgia, which took place on 5-6 November.
Nataliya Vovchuk, Head of ACCA Ukraine, Baltic and Caucasus States, have opened the conference, and also delivered a presentation Future of Financial Regulation. ACCA was also represented by Sundeep Takwani, ACCA Director, Regulation who introduced ACCA practice on regulating its members.
Current global economic conditions set new challenges for professional accountants and auditors around the globe. The issue of professional regulation and self regulation in the accountancy profession is important as never before Guests from over 12 countries have participate in the conference, providing a unique opportunity for representatives of professional accountancy organisations, business, regulators and government representatives to share their knowledge and experience of the issues of professional regulation and self-regulation.
Also, during the conference, several ACCA events took place. Thus, there was an open ceremony of presentation of MOU between ACCA and GFPAA, and presentation of the Approved Employer Certificate (Gold Level for Trainee Development) to BDO Georgia Managing Partner Zurab Lalazashvili.
GFPAA and ACCA have been working closely in a number of areas previously and this MoU underpins these activities.
In particular, Natalya Vovchuk, Head of ACCA Ukraine, Baltic and Caucasus States, thanked GFPAA and President Revaz Dzadzamia for endorsement of ACCA initiatives in Georgia, and pointed out that GFPAA had already invested in development of professional education infrastructure in Georgia. GFPAA has been providing ACCA training in Georgia since 2005.
Revaz Dzadzamia, President of GFPAA, said: "The MoU gives us formalized basis for the continuing and ongoing cooperation with the ACCA. We believe that members of the ACU will benefit from further cooperation with ACCA – especially by having access to ACCA internal publications for members and students. We are especially glad to improve our training capacities and technical expertise in the future, as foreseen by MoU."