Introduction of mandatory international standards of financial reporting and auditing and the other relevant norms,

Defining the rules for preparation and filing financial statements, development of common policy, rules and the other normative acts in the area of financial accounting and reporting and auditing,

Handling web-portal of the statements in accordance with the set rules and requirements of EU Directive;

Defining respective rules and requirements for auditing;

Handing the state register of the auditors and audit firms

Monitoring quality control system of Auditors/ Audit Firms

Recognition of certification programs, examination procedures and continuous education programs implemented in accordance with the standards set in accordance with International Education Standards set by the IFAC and EU Directives and approving respective standards  and compliance monitoring;

Prevention, detection of offences and imposing responsibilities