Report on the observance of standards and codes (rosc) Cape Verde

(less than 1 year)

2. 
   years)
   

(3-5 years)

4. 
   Prepare and implement a strategic plan to transform the Professional Institute of Certified Auditors and Accountants into a modern professional accountancy organization and to enable it to meet IFAC membership
   

OPACC

5. 
   Review and update the teaching curriculum of management and accounting schools in order to incorporate IFRS and ethics in the curriculum.
   

Association of management schools

OPACC

6. 
   Implement a training-of trainers program to develop capacity to prepare and audit IFRS financial statements
   

• 
  Design and implement a program to prepare a core group of IFRS experts to facilitate a sustainable arrangement for continuing professional development programs;
  
• 
  Elaborate and disseminate guidance notes on proper implementation of IFRS under local context
  

(less than 1 year)

(1-2 years)

(3-5 years)

7. 
   Build capacity and expertise at the Bank of Cape Verde to enhance the banking regulation and ensure coordination of all regulators
   

69

Stock Exchange

All regulators

8. 
   Empower the Registrar of companies to require all registered companies to render annual returns
   

71

Registrar of Companies

9. 
   Mandate the Financial Reporting Council to establish systematic, institutionalized, monitoring and enforcement mechanisms to ensure compliance with accounting and auditing requirements
   

63

10. 
    Develop capacity of the Stock Exchange to review IFRS-based financial statements
    

11. 
    Develop technical skills of the Supreme Audit Institution to enable it to express professional opinions on the State-Owned Enterprises
    

74

Supreme Audit Institution