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 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.
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.
As part of the Joint Economic Research Program (JERP), the CFRR has published a report summarizing the options for continuing the reform of financial reporting for small- and medium-sized enterprises in Kazakhstan.
The seventh Georgian Best Annual Report and Transparency Award (BARTA) ceremony was held in Tbilisi on February 9, 2026. The event recognized companies demonstrating strong non financial (sustainability) reporting practices in 2025 across three categories: large financial companies, large non-financial companies, and small and medium companies.
The Accounting and Auditing Reform Momentum Forum on March 17, 2025, aimed to update participants on recent developments in financial reporting and auditing in the private and public sectors and explain the rationale for reforms amid climate and artificial intelligence (AI) challenges.
The sixth Best Annual Report and Transparency Award (BARTA) ceremony was held in Tbilisi, Georgia on February 28, 2025 under the Enhancing Accounting, Auditing, and Sustainability Reporting (EAASURE) program, implemented by the World Bank Centre for Financial and Sustainability Reporting Reform. The event was attended by 114 participants.
The World Bank Center for Financial and Sustainability Reporting Reform (CFRR) held its 9th Ministerial Conference Financial and Sustainability Reporting Reforms: Navigating Green and Digital Agendas on March 18, 2025, in Vienna, Austria, organized under its three flagship regional programs: EAASURE, PULSAR, and REPARIS for SMEs with support from donors, including the Austrian Government, the Austrian Ministry of Finance, the Austrian Development Cooperation, the Swiss State Secretariat for Economic Affairs, and the European Union (EU).
On 26 April 2016, around 100 senior officials leading accounting and auditing reforms in countries taking part in two programs being implemented by the Centre for Financial Reporting Reform (CFRR) converged in Vienna, Austria.
“Trust, sustainability, finance, development, communication, and success.” These were the most frequently used words during three high-level events in Vienna from 26 to 28 April, according to Samia Msadek, Practice Director, Governance Global Practice at the World Bank.