Mou UNCTAD Leiden-Carana
UNCTAD signed a Memorandum of Understanding with Leiden University of the Netherlands and Carana Corporation of the United States on 8 October 2009. The three parties will share their expertise to promote the further development and dissemination of quantitative measurement tools in the area of accountancy development.
Participants at the signing of the MoU, front row from left to right: Ms. Tatiana Krylova, Head, Enterprise Development Branch, UNCTAD; Mr. R. William Phelps, Executive Vice President, Carana Corporation; Mr. Petko Draganov, Deputy Secretary-General, UNCTAD; Mr. Gert Karreman, Fellow, Centre for Business Studies, Leiden University; Ms. Elizabeth Hogan, USAID. Back row from left to right: Mr. Paul Hurks, Director, International Accountancy Education and Development, Royal Nivra; Mr. Anthony Miller, Economic Affairs Officer, Enterprise Development Branch, UNCTAD.
Such tools are of strategic interest to UNCTAD because they help to identify priorities and to assess the progress in capacity building in accounting. The project will facilitate UNCTAD’s assistance to developing countries in their efforts towards convergence with a single set of high quality global accounting standards. The importance of such standards was once again underscored by the G20 at its September 2009 meeting as one of main pillars of strengthening the international financial regulatory system in the aftermath of the financial crisis.
Leiden University, through its Center for Business Studies and the Global Accountancy Development Institute, combines in-depth knowledge of the accountancy profession with expertise in comparative research. Over the last decade it has been a major contributor to development oriented research and capacity building projects in this area.
The Carana Corporation is the implementer of the United States Agency for International Development (USAID) partnered Working Group on Benchmarking International Standards of Transparency and Accountability (BISTA). BISTA is a public private partnership that involves experts from around the world in an effort to accelerate the implementation of harmonized international standards, to close compliance gaps, and to foster global and regional alliances to further the transfer of best practices.