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.
Corporate Sector Financial and Sustainability Accounting, Reporting, and Auditing in the EU Acquis Communatuire
Publication | 2025
The guide “Corporate Sector Financial and Sustainability Accounting, Reporting and Auditing in the EU Acquis Communautaire” is the fourth edition of the guide which was first issued in 2007. It provides an overview of EU policy for policymakers, regulators, and stakeholders in Member States, enlargement countries, and the “European Neighborhood.” It is essential for understanding EU standards and regulatory models.
Focus Areas
EFRAG IG 1: Materiality Assessment Implementation Guidance
Publication | 2025
The translation into Ukrainian language is not official; it has not been reviewed or approved by EFRAG. The translation was performed by the World Bank’s Center for Financial and Sustainability Reporting Reform (CFRR), based in Vienna, Austria, under its regional program Enhancing Accounting, Auditing, and Sustainability Reporting Program (EAASURE). The original version is available on the EFRAG website.
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EFRAG IG 3: List of ESRS Datapoints. Explanatory Note.
Publication | 2025
EFRAG released EFRAG IG 3: List of ESRS datapoints as part of its implementation supporting activities, which consist of issuing non-authoritative implementation guidance and other material to support the application of sector-agnostic ESRS ‘Set 1’ adopted by the European Commission via a delegated act on 31 July 2023 and published in the Official Journal of the European Union on 22 December 2023 (‘ESRS’).
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EFRAG IG2: Value Chain. Implementation Guidance
Publication | 2025
The objective of the guidance is to support the implementation activities of preparers and others using or analysing ESRS reports, specifically on value chain information, in accordance with the requirements of Articles 19a or 29a of the Directive 2013/34/EU (referred to as the ‘Accounting Directive’) as amended following the Directive (EU) 2022/2464, as regards Corporate Sustainability Reporting (referred to as ‘the CSRD’).
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Analysis of public sector accounting education models in six countries
Knowledge product | 2024
The knowledge product is a result of collaboration among the Educational Community of Practice (EduCoP) members of the Public Sector Accounting and Reporting (PULSAR) Program. This study contributes an analysis of PSA education models in six countries, including Albania, Georgia, the Philippines, South Africa, Viet Nam, and Zambia. The study considers the similarities and differences and the successes and challenges for PSA education.
Focus Areas
Capacity Building of the Albanian Judiciary for Cases Involving Financial Reporting and Auditing
Success Story | 2024
A World Bank governance project in Albania provided technical assistance to improve magistrates’ knowledge of financial reporting and auditing. This marks a key step forward in enhancing the justice sector through capacity building of key stakeholders, particularly in the areas of financial reporting and auditing.
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Characteristics of Public Sector Entities and the Reporting Entity for Sustainability Reporting
Report | 2024
The main objective of this technical note is to identify, explore, and propose the characteristics for disclosure of sustainability-related information of public sector entities and the reporting entity. In doing so, the technical note contrasts the key concepts of the public sector highlighted in the IPSAS Conceptual Framework, since they will serve as a primary reference source in drafting the public sector-specific sustainability reporting standards, and the key concepts developed in relation to ESG topics, the UN SDGs, and private sector developments in sustainability reporting.
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Equipping Professional Accountants for Sustainability
Brochure | 2024
This publication sets out four key areas where accountants need to update their knowledge to meet the growing demand for high-quality sustainability-related information. It speaks to the vital role accountants play in producing reliable sustainability-related data, reporting and assurance, as well as the importance of education and training in ensuring professional accountants are able to meet society’s needs.
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Helping Western Balkan Countries Get Ahead with Sustainability Reporting and Corporate Governance
Success Story | 2024
A series of knowledge exchange events organized by the World Bank’s Centre for Financial Reporting Reform (CFRR) across the region, is helping to boost Western Balkan countries’ knowledge and capacity of these new Sustainability Reporting and Corporate Governance requirements and how these new changes will impact them. Empowered with this knowledge and knowing how to use it is critical to help bring them one step closer to greater EU alignment.
Focus Areas
Public Sector Accounting Assessment (PULSE) Report of Ukraine
Report | 2024
The main objective of this report is to document the results and findings of the Public Sector Accounting Assessment (PULSE) conducted in Ukraine, which aims to support the Government of Ukraine to develop an effective and efficient accounting system. PULSE assessment considers the quality of the public sector accounting (PSA) system and assesses progress towards implementation of accrual accounting standards for the public sector.
Focus Areas