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.

Internal Audit Training of Trainers Training Modules

Teaching material | 2017

The document provides a detailed overview of the Internal Audit Training of Trainers program including the Fundamental and Advanced modules as well as the timing and format of the sessions. The training session workshops have two streams: (i) Fundamentals stream with many practical case studies based on the simulated internal audit case designed for the less experienced practitioner; and (ii) Advanced stream for the more seasoned internal auditor with a narrower focus and more involvement in more complex areas.

Focus Areas

Internal Audit Training of Trainers Training: JLS-city XX Case Study

Teaching material | 2017

The JLS-city XX case study was developed to facilitate the Internal Audit Training of Trainers workshops and simulated auditing a JLS-city XX with over 200,000 inhabitants located in central Serbia. The case study is an additional teaching resource during the Fundamentals and Advanced Internal Audit Training of Trainers modules and workshops.

Focus Areas

Internal Audit Training of Trainers Training: KJS Case Study

Teaching material | 2017

The KJS case study was developed to facilitate the Internal Audit Training of Trainers workshops and simulated an organization that is a beneficiary of public funds in the Republic of Serbia. The case study is an additional teaching resource during the Fundamentals and Advanced Internal Audit Training of Trainers modules and workshops.

Focus Areas

Knowledge Paper: Key Accounting and Auditing Reforms

Publication | 2017

The purpose of this Knowledge Paper focusing on Key Accounting and Auditing Reforms is to assist the Macedonian Government to make informed decisions for future reform actions following the publication of the Macedonian Report on the Observance of Standards and Codes (ROSC) on Accounting and Auditing (A&A) in 2014.

Focus Areas

Linking financial reporting quality and cost of debt: Evidence from Serbian SMEs

Publication | 2017

This publication is an empirical study on financial information and cost of finance in Serbia.  Using the financial statement database of the Serbian Business Registers Agency (APR), we analyze the extent to which the quality of a company’s financial reporting is associated with its cost of debt. The focus of this study is small and medium enterprises (SMEs) because they represent a critical segment of the economy in most countries.

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

Public Oversight Systems for Statutory Audit in the EU

Publication | 2017

Public oversight of audits and auditors is a relatively recent development, particularly in light of the length of time that capital markets and the audit profession have operated. This paper reflects on the rationale for public oversight of auditors, summarizes the relevant EU legislation and international benchmarks for public oversight systems, and thereafter compares and contrasts the different approaches taken by EU member states to operate their public oversight systems.

Focus Areas

Public Sector Internal Audit: Focus on Fraud

Publication | 2017

Strong internal controls, including maintaining a robust internal control environment, are the best way public sector organizations can mitigate fraud. However, even a strong internal control environment cannot guarantee that no frauds will take place within organizations. Implementation of further lines of defense, such as an efficient and effective internal audit function, is important.

Focus Areas

PULSAR Brochure

Brochure | 2017

Public Sector Accounting and Reporting Program (PULSAR) aims to support the enhancement of participating countries’ Public Sector Accounting (PSA) and financial reporting frameworks in line with international standards and in accordance with good practices, in order to improve government accountability, transparency, and performance.

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