Small and medium-sized enterprises (SMEs) play a particularly important role in the Austrian economy, with commercial banks acting as their main sources of external finance. As SMEs are also very important in the REPARIS countries, analyzing how SMEs and their banks view the operation of financial reporting in Austria could produce some useful pointers for the design of financial reporting frameworks in the REPARIS countries.
The CFRR produces regular reports for its main programs to inform donors, participants and other stakeholders of how the programs are developing. These progress reports summarize the activities carried out under the program and outline how the experience gained will be used to improve the design of the next stages of the program.
The CFRR produces regular reports for its main programs to inform donors, participants and other stakeholders of how the programs are developing. These progress reports summarize the activities carried out under the program and outline how the experience gained will be used to improve the design of the next stages of the program.
The report describes the South-South Corporate Financial Reporting Exchange Program for Moldova, as a result of which the Moldovan side obtained a better understanding of challenges and defined some policies to achieve the aim of setting up and operating a modern system of financial reporting which is aligned with EU requirements.
This note was prepared as part of the Financial Sector Assessment Program (FSAP) and was made public in January 2016. Its main objective is to describe the status and recent developments in corporate financial reporting framework in Montenegro and highlight key issues relevant to financial sector. The note represents a technical annex to the main FSAP Aide-Memoire and seeks to provide a high-level overview of developments since the 2007 A&A ROSC2, as well as highlight the areas that are most relevant to the financial sector.
The World Bank Group’s Centre for Financial and Sustainability Reporting Reform (CFRR) is supporting Moldova in strengthening its corporate reporting framework and further aligning national accounting and auditing legislation with European Union (EU) requirements.
The World Bank Centre for Financial and Sustainability Reporting Reform (CFRR) hosted a workshop at the World Bank Poland office on May 11–12, 2026 for a visiting Ukrainian delegation to learn from the Polish experience of reforming auditor education. This initiative was part of efforts to support Ukraine in aligning professional standards with European Union directives and International Education Standards.
The World Bank Centre for Financial and Sustainability Reporting Reform (CFRR) is supporting Serbia to strengthen its corporate reporting framework and further align national accounting and auditing legislation with European Union (EU) requirements.
On March 26, 2026, the World Bank Centre for Financial and Sustainability Reporting Reform (CFRR), together with the International Ethics Standards Board for Accountants (IESBA) and the International Federation of Accountants (IFAC), hosted a webinar on revisions to the IESBA International Code of Ethics for Professional Accountants. The main objective was to ensure stakeholders across the Europe and Central Asia region are aware of the substantive revisions to the Code of Ethics introduced since 2018 and to provide information to support their successful adoption and implementation.