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KAREP: Kyrgyz Audit and Financial Reporting Enhancement Project

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Development objective

KAREP Development Objective is to equip the Kyrgyz Republic with a sound institutional framework for corporate financial reporting by: (i) improving the statutory framework, bringing it closer to good international practices; (ii) enhancing institutional capacity of the regulators, including the financial markets regulator (SSRSFM) and the state property fund, (iii) assisting selected key State Owned Enterprises (SOEs) in improving their financial reporting systems and processes, thus, contributing to better corporate govrnance and management accountability, and (iv) modernizing accounting education and literacy.

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