First meeting of interpretation committee of Standard for fourth category entities was held

SARAS developed a simplified reporting standard for fourth category entities with reference to best practices of EU and leading countries. Since 2018, fourth category entities actively apply noted standard. 

A few significant issues arose in the process of standard adoption. These issues need to be discussed and improved. Accordingly, on October 4, 2019, SARAS held the first working meeting of Standard’s interpretation committee with the support of the World Bank. The World Bank’s invited expert, Michael Wells attended the event.

SARAS will develop the document of amendments according to the issues discussed during the event and decisions made. The noted document will be published on the SARAS webpage as soon as approved.