Financial Reporting Requirements in Afghanistan: World Bank Provides Grant for Financial Sector Repaid Response Project

The Da Afghanistan Bank, Islamic Republic of Afghanistan has received a significant grant from the World Bank to implement the Financial Sector Repaid Response Project (FSRRP). The project aims to provide support to the bank’s Accounting and Finance Directorate on several key areas.

Project Development Objective

Assist in the implementation of International Financial Reporting Standards (IFRS)
Enhance financial reporting requirements

To achieve this goal, the bank is seeking a consultant to conduct a gap assessment, capacity assessment, and development of an action plan for IFRS adoption.

Proposed Assignment Activities

Assessment of the current accounting process and systems at the Da Afghanistan Bank
Capacity assessment of the existing staff
Review of the bank’s internal controls, organization structure, and processes to identify key factors that need to change in order to align with international best practices

Deliverables

Report on capacity assessment of finance and accounts staff
Diagnostic and needs assessment for IFRS adoption
Action plan for implementation
Training materials on IFRS
Gap analysis report

Eligibility Criteria

Relevant work experience in risk finance, audit, or related areas
Master’s degree or equivalent in Finance, Business, Economics, Public Policy, or related discipline

Additional Requirements

Strong communication skills
Ability to work effectively in high-stress environments
Proven track record of sharing best practices and knowledge with clients and partners
Strong oral and written skills in English
Ability to analyze complex data and make sound logical decisions

The World Bank’s Grant

The World Bank’s grant will enable the Da Afghanistan Bank to strengthen its financial reporting requirements and enhance its capacity to adopt international best practices. The bank is seeking a highly qualified consultant to lead this important project.