Related items
Showing items related by title, author, creator and subject.
-
Pakistan : Public Sector Accounting and Auditing, A Comparison to International StandardsThis assessment of public sector accounting and auditing is generally meant to help implement more effective public financial management (PFM) through better quality accounting and public audit processes in Pakistan and to provide greater stimulus for more cost-effective outcomes of government spending. More specific objectives are (a) to provide the country's accounting and audit authorities and other interested stakeholders with a common, strongly-founded, knowledge as to where local practices stand against the internationally developed norms of financial reporting and auditing; (b) to assess the prevailing variances; (c) to chart paths for improving the accordance with international standards; and (d) to provide a continuing basis for measuring improvements.
-
Nigeria : Accounting and AuditingThis report finds that there has been limited implementation of the 2004 Country Action Plan and limited improvement in financial reporting practices in Nigeria. Nigerian authorities have successfully implemented only 6 of 14 action plans emanating from the 2004 review leaving significant areas yet to be addressed. This 2011 ROSC presents policy recommendations that take into account international experience, good practice, and local circumstances.
-
Sudan Report on the Observance of Standards and CodesThe assessment of accounting and
 auditing (A&A) practices in Sudan is part of the joint
 initiative of the World Bank and the International Monetary
 Fund (IMF) to prepare Reports on the Observance of Standards
 and Codes (ROSC). The ROSC A&A assessment focuses on
 strengths and weaknesses of the corporate accounting and
 auditing environment that influence the quality of corporate
 financial reporting and involves a review of both mandatory
 requirements and actual practices. It uses International
 Financial Reporting Standards (IFRS) and International
 Standards on Auditing (ISA) as benchmarks and draws on
 recent global experiences and good practice in the field of
 corporate financial reporting and auditing. This assessment
 used a diagnostic template developed by the World Bank to
 facilitate collection of information, which was complemented
 by findings of a due diligence exercise based on meetings
 with key stakeholders conducted by World Bank staff. The
 assessment was carried out ensuring participation from the
 in-country major stakeholders such as regulators of
 corporate entities, banks and similar financial
 institutions, professional accountants, bankers and
 investment analysts, preparers of financial statements,
 auditors, academics, and representatives from the leading
 trade bodies. The main purpose of this ROSC A&A
 assessment is to assist the Government of Sudan in
 strengthening the private sector's accounting and
 auditing practices, along with enhancing financial
 transparency in the corporate sector.