Institutional Support to the Accountancy Profession  In Ghana The IDF seeks to assist the Institute of Chartered Accountants -Ghana to improve upon it technical capacity and effectiveness particularly in adopting and disseminating the International Financial Reporting Standards and ensuring the members comply with these standards. ICA as a member of IFAC (International Federation of Accountants) is required to ensure that is members understand the contents of IFRS and IPSAS and apply them appropriately. Another component also involves assisting the ICA to develop a peer review mechanism to monitor the quality assurance arrangement of it members. Currently ABWA is developing a standard approach to quality assurance so that member bodies can adapt this to suit their country context. The ICA is required to monitor and regulate the professional conduct of its members but has not been very effective since it does not have a standard framework for peer review and evaluating member practice firms. The third component will be to part finance the development of curriculum and study text materials for students who wish to pursue the professional qualification. The request for this IDF is bases on several discussions between the Bank and the ICA on how best the Bank can assist the institute. TF097576. NEW-PAGE The overall objective of this project is to enhance financial transparency, accountability, and Governance, both for private and public sectors in Ghana.  A strong accountancy body contributes to improving the infrastructure of accounting, auditing and financial reporting -- critical ingredients for financial transparency, accountability, and good governance # which are done through up-to-date training, examination and licensing, practice monitoring, re-training, and/or sanctioning of professionals.  The Institute of Chartered Accountants -Ghana ( ICAG) is the main regulatory body for the accountancy profession in Ghana.  It is mandated to ensure that members adhere to the highest professional standards. Additionally, ICAG, as a member of IFAC and ABWA, is required to ensure that its members understand the content of IFRS and IPSAS and can and do apply them appropriately in the performance of their duties and preparation of financial statements. The main objective of the proposed Project is therefore to enhance the quality and strengthen the capacity and delivery capability of ICAG to deliver on those obligations.  Specifically this project will focus on enhancing the technical capability of the accountancy profession through designing and delivering training programs aimed at enhancing the continuous professional development of members. The project will help ICAG to function as a modern Accounting regulatory body, in line with international good practices and in compliance with the membership requirements of IFAC.  The project outcome will include higher level of professionalism, better quality of financial information based on latest international standards, better transparency and accountability, and enhanced governance and lower risk of corruption. project will focus on enhancing the technical capability of the accountancy profession through designing and delivering training programs aimed at enhancing the continuous professional development of members. The project will help ICAG to function as a modern Accounting regulatory body, in line with international good practices and in compliance with the membership requirements of IFAC. The project outcome will include higher level of professionalism, better quality of financial information based on latest