CDB Continues to Equip Staff to Effectively Respond to Changes in Financial Environment
The Caribbean Development Bank (CDB) continues to equip its staff to effectively respond to changes in the financial and accounting environment with its recent training session focussing on International Financial Reporting Standards (IFRS) for staff within four of its divisions. Mr. Carlyle Assue, Deputy Director, Finance & Corporate Planning Department said the training conducted by Euromoney Training was part of the Bank's continuous professional development programme. "There are significant and frequent changes occurring in the accounting and financial rules largely brought about by the continuing impact of the financial crisis. For the Bank to effectively service its member countries, we must constantly retool and reequip ourselves." He added, "The training enabled staff to review and refresh their knowledge of existing IFRS; to be fully apprised of all aspects and implications of new IFRS pronouncements; and to obtain updates on proposed new IFRS and their potential impact on the Bank." Participants in the training were from the Bank's Finance & Corporate Planning, Internal Audit, Office of Independent Evaluation and Private Sector Development divisions. The training was facilitated by Ms. Karen Kalishek, an international instructor and consultant specialising in IFRS and US Generally Accepted Accounting Principles, and was conducted from September 23- 26, 2013 at the Bank's Barbados Headquarters. CAPTION: Participants in the International Financial Reporting Standards (IFRS) training were from CDB's Finance & Corporate Planning, Internal Audit, Office of Independent Evaluation and Private Sector Development divisions.