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 accounting skills deficit in Africa limits the capacity to achieve effective public service delivery and private sector development. The public and private sectors have limited staff with adequate training in accountancy to perform internal controls, audits, and similar functions to prevent waste, misappropriation, and corruption and to foster financial transparency. The program is managed by Adenike Sherifat Oyeyiola, Practice Manager (EGVPF), and Edward Olowo-Okere, Global Director (EGVDR).
Professional accounting/auditing associations (PAOs) from Moldova met on March 10 to discuss how to improve cooperation and build a strong and sustainable accounting and auditing profession.
On September 16, within the frames of the World Bank and the European Union joint Project – Financial Inclusion and Accountability, the World Bank held another webinar for SMPs on Future of SMPs: Practice Marketing and Communications.
Following the webinar Small and Medium-Sized Practices Rising to Coronavirus Challenge on 29 May 2020, the EU and WB joint Georgia Financial Inclusion and Accountability Project, with support from SARAS and the Georgian professional accountancy organizations (PAOs), conducted a survey of small and medium-s