Second regional audit quality assurance forum

In the period from November 7 to 8, 2023, the President of the Council for the advancement and oversight of the Audit of the Republic of North Macedonia, Aleksandar Naumoski, the members of the Council and part of the employees of the professional service of the Council, attended the Second regional audit quality assurance forum on the topic Practical Examples of Public Oversight and quality control of Audit, in Skopje, North Macedonia.

The inaugural meeting of the Regional Audit Quality Assurance Forum took place in Vienna on 16-17 May 2023 and brought together representatives of competent authorities responsible for public oversight and quality assurance in the countries of the Western Balkans.

The second forum aimed to provide tailored training for board members, key executive staff of competent authorities and audit quality inspectors on governance, principles and practical implementation of public oversight and quality assurance systems. The Institute of Chartered Accountants in England and Wales was engaged to support the implementation of activities under Components B and C of REPARIS for SMEs and provided training and learning materials.

In addition, participants learned about the role and responsibilities of audit committees in relation to financial reporting and sustainability in accordance with EU provisions. This will help them better understand the work of audit committees and develop an appropriate methodology.