World Bank : Corporate Financial Reporting Program


The program is executed by both, the World Bank's Vienna based Center for Financial Reporting Reform and by the recipient Serbian Government. Its supports Serbia to align its regulatory framework with the EU's acquis communautaire and with international best practice in the area of corporate financial reporting.

Región/País Tema Período Presupuesto
Serbia
Private sector and entrepreneurship
01.02.2016 - 30.06.2023
CHF  3’690’000
Objetivos

The objective of the Serbia Corporate Financial Reporting Program (FINREP Serbia) is to support Serbia?s economic reforms in order to promote sustainable growth. Therefore, FINREP Serbia aims to increase the private sector?s resilience, competitiveness and access to finance through enhanced availability, transparency and reliability of financial information.

Efectos a medio plazo

At outcome level, the program contributes to an enhanced investment climate in Serbia. It aims to improvide the institutional and technical capacity of supervisory authorities, professional organizations, and universities for quality financial reporting in line with the EU acquis communautaire and with international good practice. The project will focus on strengthening capacity for the accountancy and audit professions and improved monitoring and evaluation by regulators of financial reporting, for both private companies and state owned enterprises (SOEs).

Resultados

Resultados previstos:  

The program promotes understanding and application of corporate accounting and auditing standards in Serbia.

Improvement of monitoring and enforcement of financial auditing and reporting standards.

Improvement of the Serbian accountancy education in Universities, etc.

Better monitoring and financial reporting of Serbia's state owned enterprises.


Dirección / Officina Federal responsable SECO
Crédito Cooperación al desarrollo
Contrapartes del proyecto Contraparte del contrato
  • Banco Mundial - Banco Internacional de Reconstrucción y Fomento


Presupuesto Fase en curso Presupuesto suizo CHF    3’690’000 Presupuesto actual suizo ya emitido CHF    0 Presupuesto inclusive contrapartes del proyecto CHF    4’002’000
Fases del proyecto Fase 1 01.02.2016 - 30.06.2023   (Fase en curso)