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Estonia signs Project Agreement with Switzerland on 23 January 2009

As one of the countries participating in the Swiss Enlargement Contribution program, the Government of Estonia signed a project agreement for private sector development activities on 23 January 2009, and the Centre for Financial Reporting Reform was selected as service provider. A CHF 2 million grant will allow for significant support of the implementation and improvement of accounting and auditing standards helping Estonia to increase the quality of the professional audit examination system, to scale up the performance of auditing firms as such, and to ensure a competitive audit market meeting EU company law standards.


During the signing ceremony in Tallin, the Estonian Minister of Finance, Mr. Ivari Padar, the Swiss Ambassador in Helsinki, Mr. Josef Bucher, and the Head of CFRR, Mr. John Hegarty, were present.

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