The Centre for Financial Reporting Reform (CFRR) in Vienna, Austria, provides a range of knowledge, convening and capacity development services in support of financial reporting reform, institutional strengthening & the dissemination of good practice in the area of financial reporting and auditing.

Our Programs

A&A ROSC

East Asia and Pacific, Europe and Central Asia

Focus Areas

As part of the Accounting and Auditing Reports on the Observance of Standards and Codes (A&A ROSC) initiative, the World Bank has established a program to assist its member countries in implementing international accounting and auditing standards for strengthening the financial reporting regime.

FASE

MENA, Sub-Saharan Africa

Focus Areas

The Foundational Accounting and Financial Management Skills Enhancement Program (FASE) aims to develop an Accounting Technicians’ qualification in five countries: Morocco, Tunisia, Ivory Coast, Senegal, and Burkina Faso. The project will address the extreme deficit in accounting and financial management skills in the five targeted Francophone African countries by developing a sustainable, basic-level training and certification process for accounting technicians. This program will provide knowledge resources and support to enable countries to train and deploy “accounting technicians” for the public and private sectors. “Accounting technicians” are well-trained in basic, practical skills of bookkeeping, controls, cash management, budgeting, and the like, but are not fully qualified chartered or certified accountants. Their training period is much shorter than for fully qualified accountants and is focused on basic and practical skills that are urgently needed in low-capacity countries.

KAREP

Europe and Central Asia

Focus Areas

The Kyrgyz Audit and Reporting Enhancement Project (KAREP) is a 3-year technical assistance project targeted towards enhancing the investment climate in the Kyrgyz Republic through increased availability of transparent and reliable financial information. The Project is aimed at building a sound institutional framework for corporate financial reporting and auditing, compliant with the relevant international standards and good international practices, and building capacity for teaching, applying, monitoring and using sound financial information. KAREP is implemented during 2017-2020 in cooperation with the State Service for Regulation and Supervision of Financial Markets of Kyrgyz Republic (SSRSFM) and with generous financial support from the Swiss State Secretariat for Economic Affairs (SECO).

PULSAR

Europe and Central Asia

Focus Areas

The Public Sector Accounting and Reporting Program (PULSAR) Program is a regional and country-level program targeting the Western Balkans and the EU Eastern Partnership countries to support the development of public sector accounting and financial reporting frameworks in line with international standards and good practice. The PULSAR Partners - Austria, Switzerland, and the World Bank - jointly established the objectives and scope of the PULSAR Program. They provide institutional support for its implementation and mobilize the resources needed for its activities. Beneficiary countries also have an opportunity to shape the Program through regional cooperation platforms and input to Communities of Practice.

STAR-CFR

Europe and Central Asia

Focus Areas

The Serbia Technical Assistance for Reform of Corporate Financial Reporting (STAR-CFR) project aims to further develop Serbia’s institutional framework and improve capacity for preparing, teaching, regulating, auditing, understanding, and using reliable financial reporting. The project is implemented by the Serbian government and the World Bank Centre for Financial Reporting Reform (CFRR), generously funded by the Swiss State Secretariat for Economic Affairs (SECO).

STAREP

Europe and Central Asia

Focus Areas

The Strengthening Auditing and Reporting in Countries of the Eastern Partnership (STAREP) is a regional program aimed at creating a transparent policy environment and effective institutional framework for corporate reporting within the countries that make up the EU's Eastern Partnership: Armenia, Azerbaijan, Belarus, Georgia, Moldova and Ukraine. The six countries have made significant progress in modernizing their systems of corporate financial reporting but face several outstanding common challenges, especially as regards institutional capacity. STAREP is designed to assist them in adopting and implementing international standards and fostering the alignment of their financial reporting frameworks with international best practices and EU standards.

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