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The Centre manages both new and continuing financial management projects such as: Strengthening Auditing and Reporting in Countries of the Eastern Partnership (STAREP); The Road to Europe: Program in Accounting Reform and Institutional Strenghtening (REPARIS); The Accounting and Auditing Reports on the Observance of Standards & Codes (A&A ROSC); and a Swiss Cohesion Fund sponsored, fee-for-service based Financial Reporting Technical Assistance Program (FRTAP) for the new EU member states.CFRR also manages the Corporate and Public Sector Accountability Project (CAPSAP).
Strengthening Auditing and Reporting in Countries of the Eastern Partnership (STAREP) is a regional program aimed at improving the transparency and effectiveness of the framework for corporate reporting in the countries that make up the EU’s Eastern Partnership: Armenia, Azerbaijan, Belarus, Georgia, Moldova and Ukraine. Initial funding for STAREP has been provided by the Austrian Development Agency and the Austrian Ministry of Finance.
The Road to Europe: Program of Accounting Reform and Institutional Strengthening (REPARIS) is a regional program aimed at creating a transparent policy environment and effective institutional framework for corporate reporting within South Central and South East Europe. Participating countries/entities include Albania, Bosnia and Herzegovina, Croatia, Kosovo, Former Yugoslav Republic of Macedonia, Moldova, Montenegro, and Serbia.
The Financial Reporting Technical Assistance Program (FRTAP) for the new EU member states supports countries in the field of financial reporting. It aims to assist in the implementation of sustainable regulatory and institutional frameworks and in furthering the correct implementation of the acquis communautaire in the area of financial reporting. Funds for this program are provided from the Swiss State Secretariat for Economic Affairs under the so-called Swiss Enlargement Contribution.
The FRTAP Poland program, funded by the Swiss Contribution to the Enlargement of the EU, aims to improve the capacity of the main institutions involved in corporate financial reporting in Poland. The program contains measures to improve the ability of accountants to prepare financial reports under International Financial Reporting Standards (IFRS) and of auditors to carry out statutory audits under International Standards on Auditing (ISA); it also includes a range of activities to improve the capacity of local policy-makers and financial regulators to use the information in financial reports to carry out their activities.
As part of the Accounting and Auditing Reports on the Observance of Standards and Codes (A&A ROSC) initiative, the World Bank has established a program to assist its member countries in implementing international accounting and auditing standards for strengthening the financial reporting regime.