📋 Tender Overview
EAASURE - ENHANCING ACCOUNTING, AUDITING AND SUSTAINABILITY REPORTING PROGRAM
Contract partner: IBRD - International Bank for Reconstruction and Development
Country: Europe, regional/cross-border Funding amount: € 2.000.000,00 Project start: 01.11.2024 End: 28.02.2029
SHORT DESCRIPTION:
Overall goal
The objective of the program is to enhance corporate financial reporting practices, and support the adoption and roll out of sustainability reporting in the ECA region.
The specific objectives are to enable participating countries:
- make progress in corporate financial and non-financial (sustainability) reporting reforms
- establish institutional and regulatory frameworks for sustainability reporting, aligned with the requirements of EU legislation
- develop institutional and technical capacity to effectively implement financial and sustainability reporting frameworks
- strengthen monitoring and enforcement, particularly related to public oversight, quality assurance and improved transparency.
- build capacity and develop and implement sustainable education and training programs at tertiary and professional levels.
Expected results
- At least 5 governments adopt regulatory and policy improvements and frameworks by the end of the program.
- At least 5 governments strengthened institutional capacity by the end of the program.
- At least 5 governments demonstrate improvement in corporate governance of SOEs by the end of the program.
- At least 2 new or revised corporate financial reporting laws, by-laws, regulations, standards, or systems for at least 5 governments are adopted.
- 5 new or revised qualification/certification/educational programs or curriculums to establish/improve or strengthen IPD or CPD in Accounting/auditing/financial/sustainability reporting programs
- At least 1 new or revised SOE laws, by-laws, regulations, standards, or systems for at least 5 governments are adopted.
- At least 2 new or revised corporate sustainability reporting frameworks, laws, by-laws, regulations, standards, or systems for at least 5 governments are approved.
- New or revised corporate financial and sustainability reporting systems and/or practices are implemented for at least 5 governments.
Target group / Beneficiaries
Direct program beneficiaries are the participating countries’ policy makers, regulators, state-owned enterprises (SOEs), professional accountancy organizations (PAOs), academia, students, and other stakeholders who contribute to development and enhancement of institutional framework for corporate financial and non-financial (sustainability) reporting, aligned with international standards and good practices for accounting, auditing, accounting-education and sustainability reporting.
EAASURE benefits Small and Medium-Enterprises by ensuring that the regulatory environment recognizes their specific needs, by improving access to training delivered by the PAOs and improving the professional accounting services
