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In December 1999, the OECD in co-operation with USAID helped establish the South Eastern European Partnership on Accountancy Development (SEEPAD), a regional accountancy reform initiative consisting of the principle accounting and/or audit associations in South Eastern Europe. This accountancy reform initiative has rapidly gained international recognition and was recently selected as a regional flagship initiative under the Stability Pact, Working Table II, " South East Europe Compact for Reform, Investment, Integrity and Growth". International organisations participating in the initiative include UNCTAD, the World Bank, International Accounting Standards Board (IASB) www.iasc.org.uk and International Federation of Accountants (IFAC) www.ifac.org.OECD Member country professional organisations include la Compagnie Nationale des Commissaires aux Comptes (CNCC) / le Conseil Supérieur de l'Ordre des Experts Comptables (CSOEC), and the Institute of Certified Public Accountants of Greece.
The objectives of SEEPAD are to create sound corporate governance, financial disclosure and accountancy regimes; develop and strengthen the accounting and audit profession in SEE through sustainable self-regulatory associations; lower trade and investment barriers by harmonising accounting and audit practices in the region; and integrate the SEE profession into the European Union and international community, through organisations such as the Fédération des Experts Comptables Européens (FEE).
The principal outputs of SEEPAD are to:
- create linkages between the SEE associations and themselves as well as between the individual SEE associations and the international community;
- identify gaps in country based accountancy practices and programmes vis-à-vis international benchmarks and formulate a set of general recommendations on how to reduce these gaps;
- develop and formulate country based action plans to address specific needs and issue these important conclusions to the relevant private/public institutions for review and implementation;
- organise a peer review system under which the SEE accountancy organisations are to revisit reform issues previously discussed during policy meetings and evaluate progress in implementing reform policies on a country by country basis.
SEEPAD held its first General Assembly meeting as a formally constituted body in Bucharest Romania on 19-20 June 2002. Following the successful constitution of this body, the OECD is no longer directly involved in the work of this organisation.
More information on SEEPAD can be found at www.seepad.org
Meetings:
- 1st General Assembly of the South Eastern European Partnership on Accountancy Development (SEEPAD) Sinaia, Romania, 19 - 20 June 2002
- The 6th Conference of the South Eastern European Partnership on Accountancy Development, Istanbul, Turkey 13 - 14 December 2001
- The 5th Conference of the South Eastern European Partnership on Accountancy Development, Zagreb, Croatia 28 - 29 June 2001
- The 4th Conference of the South Eastern European Partnership on Accountancy Development, Sarajevo, Bosnia 7 - 8 December 2000
- The 3rd Conference of the South Eastern European Partnership on Accountancy Development, Tirana, Albania 7 - 8 September 2000
- The 2nd Conference of the South Eastern European Partnership on Accountancy Development, Banja Luka, Republic of Sprska, 5 - 6 June 2000
- The 1st Conference of the South Eastern European Partnership on Accountancy Development, Sofia, Bulgaria, 9 - 10 March 2000
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Contact Details
SEEPAD Secretariat
19 Njegoseva St.
11000 Belgrade
Yugoslavia
Tel:
+381 (11) 3344 475
+381 (11) 3344 404
+381 (11) 3344 589
Fax: +381 (11) 32 31 222
e-mail:seepad@yubc.net
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