REPARIS - Program of Accounting Reform and Institutional Strengthening

Contract partner: IBRD - International Bank for Reconstruction and Development Country: Europa, regional/länderübergreifend Funding amount: € 420.000,00 Project start: 01.10.2005 End: 31.12.2006

Short Description:

Overall goal

The policy environment and institutional framework for corporate reporting in South Central and South East Europe (the "Region") suffer from weaknesses. Such weaknesses have been associated with illicit corporate behaviour and increased fraud and corruption, which lead to reduced direct foreign investment and lowered investor confidence. Furthermore, the consolidation of peace and stability in the Region, as well as potential accession to the European Union (EU), hinges upon well-working institutions. 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.

The REPARIS Program is designed around the introduction, implementation, and effective enforcement of relevant portions of the EU acquis communautaire with a view to contribute to foreign direct and portfolio investment, foster private and financial sector developments, improve the business environment and investment climate, and facilitate eventual integration into (or harmonization with) the European Union. Importantly, the program is built on a robust analytical underpinning, the Accounting and Auditing Report on the Observance of Standards and Codes (A&A ROSC) and a systematic approach to the development of a multi-faceted reform program.

Through this contract ADA is going to finance two regional activities set forth under the Programme i.e.:

1. The 'Advanced Program in Accounting and Auditing Regulation' (the 'Program'), which is a distance learning knowledge-sharing program for senior civil servants, financial sector regulators, and accounting and auditing bodies.

2. The REPARIS ministerial conference and working level workshops, which will bring 300-500 participants in the Program together in Vienna. The 2-days workshop will be followed by a one-day ministerial conference.

project number 2361-00/2005
source of funding OEZA
sector Geschäftwesen und andere Leistungen
  • Policy marker: are used to identify, assess and facilitate the monitoring of activities in support of policy objectives concerning gender equality, aid to environment, participatory development/good governance, trade development and reproductive, maternal, newborn and child health. Activities targeting the objectives of the Rio Conventions include the identification of biodiversity, climate change mitigation, climate change adaptation, and desertification.
    • 1= policy is a significant objective of the activity
    • 2= policy is the principal objective of the activity
  • Donor/ source of funding: The ADA is not only implementing projects and programmes of the Austrian Development Cooperation , but also projects funded from other sources and donors such as
    • AKF - Foreign Disaster Fund of the Austrian federal government
    • BMLFUW - Federal Ministry for Agriculture, Forestry, Environment and Water
    • EU - Funds of the European Commission
    • Others - various other donors are listed in ADA’s annual business report.
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  • Purpose/ sector code: classifies the specific area of the recipient’s economic or social structure, funded by a bilateral contribution.
  • Tied/Untied: Untied aid is defined as loans and grants whose proceeds are fully and freely available to finance procurement from all OECD countries and substantially all developing countries. Transactions are considered tied unless the donor has, at the time of the aid offer, clearly specified a range of countries eligible for procurement which meets the tests for “untied” aid.