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.
Audit Oversight to Enhance Trust and Transparency in Corporate Financial Statements: Challenges in Developing Countries
Publication | 2019
Beginning with the Sarbanes-Oxley Act in the United States and the creation of the Public Company Accounting Oversight Board (PCAOB) in 2003, a global movement has developed to require independent oversight of corporate auditors. The movement is premised on the notion that independent oversight of auditors is critical for investor confidence, stronger corporate governance, and more financial transparency. A signal event in this movement was the EU’s Statutory Audit Directive of 2006, which required independent oversight to be developed in all EU member countries. Similar strong commitmen
Focus Areas
Be Well Prepared to Meet Your Bank - What Banks want to know
Brochure | 2019
The bank will want a realistic picture of how much you owe to others. This is not always straightforward.
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Benchmarking Guide: Integrated PSA and GFS
Publication | 2019
The Benchmarking Guide for Integrating Public Sector Accounting and Government Finance Statistics aims to inform practitioners and public sector accounting reforms by highlighting the similarities and differences between International Public Sector Accounting Standards and Government Finance Statistics reporting guidelines such as the Government Finance Statistics Manual of the International Monetary Fund (GFSM 2014) and the European System of Accounts (ESA 2010).
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Common Core Accounting Syllabus for Universities
Publication | 2019
The Common Core includes a series of learning objectives which would establish a solid platform for all Accounting Degree Programs offered by Universities in the STAREP Region. It was developed through a broad consultation process with EduCoP participants, including representatives from ministries of finance, universities, and professional accountancy organisations (PAOs) from its six member countries, who provided fundamental input to define the common learning outcomes to be included.
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Competency-based Accounting Education, Training & Certification: Implementation Guide
Publication | 2019
The guide supports transitioning accounting education, training, and certification from a knowledge-based approach to a competency-based approach. Underlying this shift is the expanding expectation for accountants to professional judgment in response to greater transaction complexity, interconnectedness of entities, and broader global influences.
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Do You Need a Loan - Helping SME Access Finance in Serbia
Brochure | 2019
This brochure aims at helping SMEs access credit in Serbia, by providing 8 insights to help SMES how banks make lending decisions.
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Enhancing Cooperation between Auditors and Supervisors: A Building Block Approach
Publication | 2019
Building trust takes time, whether it is between individuals, stakeholders’ groups, or institutions, the road to cooperation is long and requires important investments. The objective of this policy note is to provide in a succinct document, some of the key aspects for building that trust to foster cooperation, using the experience of several supervisors.
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High-Level Guide on Benefits of Accrual Accounting
Brochure | 2019
A high-level guide on the benefits of accruals based Public Sector Accounting developed under the PULSAR program. The guide serves as an instrument to support clients in their outreach and dialogue to raise awareness of the advantages of accrual accounting adoption.
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How to Choose Your Accountant
Brochure | 2019
Banks need reliable, transparent financial information when making credit decisions. A financial advisor or accountant can advise you on when it could be advantageous to seek out a bank, and help you calculate, compile, and present your information to banks.
This brochure will help you in choosing a financial advisor or accountant for your SME.
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National Education Initiatives – Ukraine
Publication | 2019
This publication summarizes the results of the diagnostic activities that have been conducted in Ukraine throughout the STAREP Program. It also documents the direction of future reforms and substance of capacity-building activities required to support greater compliance with international best practices in accounting education and International Education Standards (IESs) published by the International Accounting Education Standards Board (IAESB).
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