CARANA News

CARANA continues work to promote transparency

As market economies require a supporting infrastructure for information disclosure, CARANA continues to promote improved accountability and financial transparency under a USAID-funded activity in Europe and Eurasia. With partner DePaul University’s Center for Global Accounting Education Benchmarking and Research, CARANA developed a diagnostic tool for benchmarking and monitoring regional and country progress toward compliance with international standards.

Under the precursor activity, CARANA and its team of international evaluators developed a knowledge base of capability and competency of professional accounting bodies and the accounting profession in nine Balkan countries. Under the current activity, CARANA will help to restore public confidence in financial reporting and reduce corruption by closing capacity gaps that are best addressed within a regional framework supporting country-specific efforts to implement international financial reporting standards.

CARANA has had an active presence throughout Europe and Eurasia since 1993. Our current work is centered in Eastern Europe, Azerbaijan, and the Central Asian Republics and has ranged from privatization activities and sector restructuring, to accounting reform and training, to business and economics education.

In addition, CARANA has supported activities Albania, Armenia, Azerbaijan, Bosnia and Herzegovina, Bulgaria, Croatia, Georgia, Kazakhstan, Kosovo, Kyrgyzstan, Macedonia, Moldova, Montenegro, Romania, Russia, Serbia, Slovakia, Tajikistan, Turkmenistan, Ukraine, and Uzbekistan.

[Posted 28-October-2006]

 

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