In addition, the CFRR managed the following programs, which have now been completed:
South-South Corporate Financial Reporting Exchange Program for Moldova
As a result of the analysis and recommendations of the Accounting and Auditing Report on the Observance of Standards and Codes (A&A ROSC) in Moldova, which was published in June 2004 (read A&A ROSC for Moldova), the Government of Moldova adopted a Country Strategy and Action Plan to strengthen corporate financial reporting in December 2008. In implementing this plan, the Moldovan authorities wished to learn from the experience of other countries, particularly the new EU member states, in setting up and operating a system of financial reporting which complies with EU directives and standards.
The Advanced Program in Accounting and Auditing Regulation
The Advanced Program in Accounting and Auditing Regulation was part of a broader effort to develop and promote private and financial sector development. It is recognized that the development of these sectors is an important precondition for job creation and poverty reduction.
The Program was designed in response to a perceived need for training in the private sector accounting and auditing area, which was identified through the World Bank's Reports on the Observance of Standards and Codes in the countries of South-Central and South-Eastern Europe identified a need for training in the area of private sector accounting and auditing In response to this need, the Advanced Program in Accounting and Auditing Regulation was designed to support the development of sound accounting, auditing and financial reporting systems, which are aligned with international good practice and which comply with the relevant requirements of the acquis communautaire.
The Advanced Program consisted of 28 three-hour modules, which were held fortnightly through 2006. These modules were broadcast live into 14 countries, with simultaneous interpretation into 8 languages. Each module attracted between 150 and 300 participants, with over 1,200 participants taking part in at least one element of the program.