- DECISION No. 02/C OF THE SEEPAD COUNCIL OF 10 th OF FEBRUARY 2005 -
ART. 1. The Report regarding the activities undertaken and the results achieved since the last General Assembly of SEEPAD of June 2004, Sofia, is approved.
ART. 2. The entire set of activities forseen for a period of one year, approved by the General Assembly of June 2004, Sofia, shall be retained for 2005.
ART. 3. For a proper organisation and course of activities we propose the following calendar of the reunions of the governing bodies of SEEPAD:
- the ordinary General Assembly shall be organised once a year, in the months of March or April.
- The ordinary sessions of the SEEPAD Council shall be organised in the months of July or September and in the day preceeding the General Assembly
For 2005, the SEEPAD Council shall meet in the ordinary session in the month of September in Sofia, Bulgaria and the General Assembly shall meet in the month of April 2006 in Banja Luka, Republic of Srpska.
ART. 4. Based on the General Assembly’s decision of June 2004, Sofia, regarding the membership fees, the following are decided:
1. The organisations that have not succeded – according to the Charter – to attain a certain stage of development in order to be accepted as members of IFAC – to enter into the associate members’ category.
2. At the next General Assembly, the Council will propose that associate members contribute to SEEPAD’s financing with a fee equal to half of the fee established for the member in full rights, meaning:
- 50% of the fixed fee that will be established annualy by the General Assembly for the full members;
- 0,5% of revenues from each associate member’s fee and also the variable fee but not more than 1500 Euro.
ART. 5. The budget that has been approved by the General Assembly for one year at the level of 100 000 Euros (for both revenues and expenses) shall be considered the budget for 2005.
ART. 6. It is decided that the specialists from the professional bodies that attended the SEEPAD seminars and training the trainers lectures will be granted a certificate.
The certificate shall have a certain series and number and will have the same substance and form, according to the attached model.
ART. 7. We acknowledge the input from the Serbian institute regarding SEEPAD’s financial situation at 31st December 2004.
ART.8 The application forms presented by TURMOB, Turkey and SCAAK, Kosovo are adopted and it is also decided to forward them for approval to SEEPAD’s General Assembly in its first session.
Until the first General Assembly, the two bodies will be invited to participate to all activities organised by SEEPAD.
ART. 9. Considering the organisation of SEEPAD Council in Sofia in September 2005, on this occasion, a training of trainers seminar regarding the issue of the International Financial Reporting Standards shall be organised.
To this end, the Bulgarian institute shall present a work schema, so as the member bodies supported by ACCA analyse the development and the carrying out of this seminar.