World Monitor Magazine WM_November_2019_web | Page 69

This July, Shanghai National Accounting Institute, joining hands with ZTE New Cloud Service Co., Ltd. and ACCA, and under the auspices of the institute’s ‘Belt and Road’ Accounting Research Centre, conducted research on accounting infrastructure in Central Asia to support the implementation of the programme. Studies have shown that some countries' accounting infrastructure cannot keep up with their economic development. And due to differences in national conditions, the development of accounting infrastructure varies greatly from country to country, and the connectivity between them is poor. This has affected economic development and trade. As Central Asian countries have become more deeply involved in the ‘Belt and Road’ initiative, local economies have become more integrated into regional and global economic development. To better integrate with the international community and attract foreign investment, many countries in Central Asia are taking measures to strengthen accounting infrastructure. Join hands to build a knowledge exchange platform for accounting infrastructure The implementation of the China-Central Asia Accounting Elites Exchange Programme is an achievement of joint efforts. Iskandar Abdullaev, Deputy Director of CI, a regional international think tank for knowledge cooperation, said that since its establishment, CAREC has promoted trade and transportation in Central Asia, and improved the investment environment in Central Asia. Many efforts have been made to provide financing for some regional projects, making substantial progress and important contributions to the development of Central Asia. conducting substantial work on preparation and research for the programme through its international network and expertise. Ada Leung, Director, ACCA Greater China, said that ACCA is one of the pioneers in exploring the impact of the ‘Belt and Road’ Initiative on China, the global economy and the development of the accountancy profession. ACCA is honoured to jointly conduct the programme with its partners, and will continue to carry out a series of studies with partners such as the Shanghai National Accounting Institute and further discuss the opportunities and challenges for the accounting profession, businesses and governments brought by the ‘Belt and Road’ Initiative, supporting the implementation of the China-Central Asia Accounting Elites Exchange Programme. CAREC programme is committed to promoting connectivity and achieving shared prosperity. As a common international business language and an important ‘soft infrastructure’, accounting can serve as a bridge for economic exchanges between countries. The China- Central Asia Accounting Elites Exchange Programme will promote the sharing of knowledge and experience in the construction of accounting infrastructure between China and the countries of Central Asia, and will also promote the coordinated development of and cooperation among CAREC member countries. The five-day workshop will conduct in-depth and continuous exchanges and discussions on issues such as the construction of accounting infrastructure, the development and coordination of accounting standards through lectures, experience sharing by various countries, field visits to enterprises, and online communication. The workshop will also establish a platform for exchange between international accounting talents in China and accounting elites in Central Asia. As a global professional accountancy body, ACCA also plays a key role as a super connector globally, The programme will also hold workshops in China and Central Asian countries in 2020 and 2021. supported by EUROBAK