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Corporate Financial Reporting Community of Practice

Audit and Oversight Community of Practice (AOCoP)

The Financial Reporting and the Audit and Oversight Communities of Practice (FRCoP and AOCoP) were established following a workshop in December 2009 which set up different work streams for the REPARIS program. As the REPARIS program gradually evolves from its early emphasis on knowledge transfer to put more weight on implementation, the focus for some issues that have so far been addressed at the regional level is shifting to implementation at the national level.

Reflecting this change, the FRCoP and AOCoP were combined in January 2012 to form a new Corporate Financial Reporting Community of Practice ("CFRCoP"). The CFRCoP will focus on assisting policy makers and other stakeholders to get the national policies, regulations and institutional arrangements right, and concentrate on activities which will keep them up to date with developments in the acquis communautaire, international reporting standards, and global regulation.

In 2012, the CFRCoP’s main focus will be on constructing and updating concordance tables, showing the degree of alignment between the EU acquis and national financial reporting frameworks in the REPARIS countries.The activities of the CFRCoP complement those of the Accounting Education Community of Practice (EduCoP), whose focus includes now capacity development issues in accounting and auditing.

CFRCoP activities:

Links to other pages:

To the REPARIS program page

What is a CoP?

A Community of Practice (CoP) is a group of active practitioners who work in the same area and seek to learn from each other's experience. CoPs have proved useful in spreading specialist knowledge and innovations in the World Bank and many other organizations.

For more background information on CoPs see these articles from Wikipedia and the World Bank Institute.

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