An Accounting and Taxation Conundrum
The introduction of new financial reporting standards in the European Union (EU) is having significant direct consequences for many of the preparers and users of financial information. These consequences are generally well documented and explored by many distinguished experts. However, less well documented are some of the indirect consequences of the implementation of new financial accounting standards in the EU. One such area is in the relationship between corporate financial accounting (‘financial accounting’) and corporate income tax accounting (‘tax accounting’).
Montenegro - Corporate Sector Financial Reporting: Technical Note
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.
Croatia’s EU Accession: Case Studies on Reform and the Transposition of the Community Acquis
The genesis for this publication was conceived within the context of the EU Road to Europe – Program of Accounting Reform and Institutional Strengthening (EU-REPARIS) regional program, which aims to provide assistance to the countries of Central and South East Europe on corporate financial reporting reform, particularly candidate countries to European Union (EU) accession.
Public Oversight Systems for Statutory Audit in the EU
Public oversight of audits and auditors is a relatively recent development, particularly in light of the length of time that capital markets and the audit profession have operated. This paper reflects on the rationale for public oversight of auditors, summarizes the relevant EU legislation and international benchmarks for public oversight systems, and thereafter compares and contrasts the different approaches taken by EU member states to operate their public oversight systems.
EU-REPARIS and STAREP Senior Officials’ Workshop 2016
Building trust in financial information, improving access to credit, and attracting investment
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.
Building a strong and sustainable accounting and auditing profession in Moldova
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.
Keeping Financial Reporting Relevant: Focus on Micro, Small and Medium Enterprises
This regional workshop in Kyiv aimed to increase understanding of European Union (EU) accounting requirements for micro, small and medium-sized enterprises (SMEs).
Building on previous Accounting and Auditing Standards Communities of Practice (A&ACoP) events, this workshop was organized by the World Bank Centre for Financial Reporting Reform (CFRR), as part of the “Strengthening Auditing and Reporting in the Countries of the Eastern Partnership” (STAREP) program.
Advancing Audit Quality Assurance Systems: Trends and Opportunities - workshop for STAREP and EU-REPARIS Countries
A two-day workshop in Vienna on 26 and 27 April, 2018 convened together participants from each of the countries of two regional CFRR projects: Armenia, Azerbaijan, Belarus, Georgia, Moldova, and Ukraine as part of the Strengthening Auditing and Reporting in the Countries of the Eastern Partnership (STAREP) and Albania, Bosnia & Herzegovina, Kosovo, Macedonia, Montenegro, and Serbia as part of the Road to Europe: Program of Accounting Reform and Institutional Strengthening (EU-REPARIS).
Senior Officials’ Workshop
On 26 November, 2018, the World Bank’s Centre for Financial Reporting Reform (CFRR) held the Senior Officials’ Workshop in Vienna, including senior officials from the Ministries of Finance and audit oversight institutions from the six Western Balkan countries (Albania, Bosnia and Herzegovina, Kosovo, Macedonia, Montenegro and Serbia), to discuss and reflect upon the status and implementation of their financial reporting reforms.