REPARIS - Program of Accounting Reform and Institutional Strengthening
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.