The Centre provides knowledge services and capacity development assistance. Services include analytical and advisory services, learning and skill development, know-how and knowledge transfer, and technical assistance and institutional strengthening. All CFRR publications are available on this site.
Case Study: Orotavia Capital City Municipality
Teaching material | 2017
The case study Orotavia was developed to facilitate the Internal Audit Training of Trainers workshops and simulates a capital city municipality. The case study is the core teaching resource during the Fundamentals and Advanced Internal Audit Training of Trainers modules and workshops and provides an opportunity to bridge the gap between theory and the practical application of International Standards for the Professional Practice of Internal Auditing (ISPPIA) while also assisting to develop soft skills such as communication, working as a team and problem solving.
Focus Areas
Commitment to Lifelong Learning: Guide for Implementing Output Based CPD
Publication | 2017
Continuing Professional Development (CPD) is essential for all professional accountants, irrespective of their role or sector. Traditional CPD systems focus on recording and measuring inputs, such as time spent on CPD activities, but fail to capture whether actual learning has occurred. This publication provides guidance intended for Professional Accountancy Organizations (PAOs) and other stakeholders seeking to implement output based CPD systems as a more genuine measure of learning and professional improvement.
Focus Areas
EU-REPARIS Audit Training of Trainers Program
Success Story | 2017
Focused on enhancing lifelong learning and supporting improvements in continuing education systems for professional accountants, the EU-REPARIS Audit Training of Trainers Program explores ways of modernizing the skills of the profession to provide effective financial reporting support to Small and Medium Enterprises (SMEs) and private sector enterprises.
Focus Areas
Group Exercise: Going Concern Judgements
Teaching material | 2017
Developed to facilitate the EU REPARIS Audit Training of Trainers program, the objective of the group exercise is to enhance the analytical and intellectual skills of participating trainers while engaging in a practical case study involving going concern judgements. Gathering appropriate evidence and evaluating the appropriateness of the going concern assumption, as well as making judgements about whether a going concern issue is present, are affected by the size of the entity.
Focus Areas
Handbook of International Education Pronouncements 2017: Russian Translation
Publication | 2017
The 2017 Education Handbook contains the IAESB’s suite of the revised and redrafted International Education Standards (IES) 1-8 as well as
Focus Areas
Simulated Client Meeting: Developing Client Relationship Skills
Teaching material | 2017
This group challenge was developed to facilitate the EU-REPARIS Audit Training of Trainers program and enables participants to practice their client relationship skills and cross-selling techniques. By engaging in the simulated client meeting, participants are provided with an opportunity to practice these skills in a simulated face-to-face client meeting and thus tackle and solve some real life business situations and problems.
Focus Areas
Small and Medium Practices: The Trusted Advisors of SMEs
Publication | 2017
Small- and medium-sized practices (SMPs) have an important role to play in supplying professional services to their small- and medium-sized enterprise (SME) clients. Understanding the range, requirements and benefits of available professional services is essential for practitioners and SMPs to be able to tailor the various services to meet the needs of their SME clients, as well as helping them to choose the right service for their needs.
Focus Areas
The Internal Audit Ethical Dilemmas Board Game
Teaching material | 2017
Developed to facilitate the Internal Audit Training of Trainers program, the objective of the Ethical Dilemmas Board Game is to enable participants to approach professional ethics training and education in a practical way, by analyzing threats that arise and selecting an appropriate course of action in line with the fundamental principles of the Code of Ethics for Internal Auditors prescribed by the Institute of Internal Auditors (IIA). The game is expected to develop participants' ethical decision-making skills and to make sound judgments when resolving and mitigating ethical dilemmas.
Focus Areas
The Republic of Moldova: Support to State Owned Enterprises (SOEs) - Preliminary Diagnostics and Reform Assessment Report
Report | 2017
This report is the result of research and analysis undertaken as technical assistance to the Ministry of Finance of the Republic of Moldova, delivered by the World Bank Governance team in collaboration with the UK’s Good Governance Fund. It focuses on the issues identified by OECD Guidelines on Corporate Governance as important in ensuring that state owned enterprises (SOEs) operate in an efficient, transparent and accountable way.
Focus Areas
Philippines Accounting and Auditing Report on the Observance of Standards and Codes
A&A ROSC | 2017
The World Bank conducted reviews of accounting and auditing within the ROSC initiative at the invitation of Philippines. The World Bank utilized a diagnostic tool that it developed to gather pertinent information for preparing the Accounting and Auditing ROSC.
Focus Areas