1. Proposal to Establish a REPARIS Secretariat Vienna March 16, 2006

2. Overview Roles and prioritization of tasks Partner institutions Funding Governance Staffing Location

3. Roles and prioritization of tasks Secretariat for REPARIS regional activities Facilitation of information exchanges, cooperation and coordination between accounting and auditing regulators and educators in the region Provision of timely updates on European and international developments, including through GDLN, conferences, workshops, and dialog with relevant EU/international bodies Maintenance of REPARIS website Assistance with the development of Country Action Plans and with the mobilization of associated financial support Priorities and specific country focus to be determined in light of participating country demands and availability of funding

4. Partner institutions European European Commission, CESR, CEBS, CEIOPS, FEE, EFRAG, etc. International World Bank, IOSCO, Basel Committee, IAIS, OECD, IASB, IFAC, etc. National Standard-setters, audit and market regulators, professional accountancy organizations, educators, etc.

5. Funding Public sector Private sector

6. Governance Major official financiers and partner organizations Participating country authorities

7. Staffing and location Balance between EU Member States and participating countries Secondments welcome Vienna

8. Proposal to Establish a REPARIS Secretariat Vienna March 16, 2006