It works with client countries in Europe and Central Asia to implement good corporate governance and financial reporting practices and standards.
The CFRR provides a range of diagnostic assessments, technical assistance, knowledge and convening services in the fields of audit, accounting, financial reporting and the implementation of international standards in these areas.
Partners include the European Union, the Austrian Development Cooperation, the Swiss State Secretariat for Economic Affairs (SECO) and the Federal Ministry of Finance of the Republic of Austria.
The program addresses the need for better institutional frameworks, aligned with the acquis and harmonized regionally; encourages the accounting profession to offer enterprises, especially SMEs, effective business support services and advice on accessing finance and complying with regulatory requirements; helps stakeholders better understand the relationship between improved financial reporting and access to finance; and develops supportive networks of institutions among the countries of Southeast Europe, building sustainability and improving awareness of the benefits and successful approaches to corporate financial reporting reform.
A regional program launched in 2013 aimed at creating a transparent policy environment and effective institutional framework for corporate reporting within the countries that make up the EU’s Eastern Partnership.