BASSETERRE, St. Kitts, May 9th 2011 - Accounting professionals from the Eastern Caribbean Currency Union (ECCU) member countries will participate in a Train the Trainers Workshop on the International Financial Reporting Standards (IFRS) at the ECCB Headquarters in St Kitts and Nevis from 16 – 20 May.

The Institute of Chartered Accountants of the Eastern Caribbean (ICAEC), the IFRS Foundation and the Eastern Caribbean Central Bank (ECCB), are coordinating the workshop, which is part of a World Bank sponsored project. The objective of the training session is to develop the capacity of regional financial reporting trainers to provide training in the use of the International Financial Reporting Standards (IFRS) for Small and Medium Size Enterprises (SMEs).  It also seeks to provide a forum for interaction among trainers, the sharing of experiences and the discussion of common issues in relation to the application of IFRS in SMEs.

The IFRS are a set of accounting standards developed by the International Accounting Standards Board (IASB).  They are being adopted globally as the standard for the preparation of public company financial statements. Three members of the IASB will conduct the sessions, which will focus on the standards, interpretations, framework and requirements of the IFRS.

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