Related items
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Accounting and AuditingThis report provides an assessment of
 accounting, financial reporting and auditing requirements
 and practices within the enterprise and financial sectors in
 Armenia. The report uses International Financial Reporting
 Standards (IFRS) formerly International Accounting Standards
 (IAS) and International Standards on Auditing (ISA) as
 benchmarks and draws on international experience and good
 practices in the field of accounting and audit regulation,
 including in European Union (EU) member states, to assess
 the quality of financial information and make policy
 recommendations. This assessment of accounting and auditing
 practices in Armenia is part of a joint initiative of the
 World Bank and International Monetary Fund (IMF) to prepare
 Reports on the Observance of Standards and Codes (ROSC). The
 assessment focuses on the strengths and weaknesses of the
 accounting and auditing environment that influence the
 quality of corporate financial reporting and includes a
 review of both mandatory requirements and actual practice.
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El Salvador : Accounting and AuditingThis report provides an assessment of accounting and auditing practices within El Salvador's corporate sector. It used International Financial Reporting Standards (IFRS) and International Standards on Auditing (ISA) as benchmarks, and drew on international experience and good practices in those fields. Both statutory requirements and actual practices were analyzed as part of this review. The purpose of this ROSC is to assist the Government of El Salvador in strengthening the private sector's accounting and auditing practices and financial transparency. The development objectives these efforts address are (a) fostering the growth and accountability of the private sector, (b) ensuring adequate market regulation with respect to the provision of essential services, and (c) making the business environment more attractive for foreign direct investment (FDI). The recommendations of this ROSC are intended to serve as the basis for a country action plan to be developed by the Government of El Salvador in collaboration with in-country stakeholders and with the assistance of the World Bank and other donors.
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Indonesia : Accounting and AuditingThis report is part of a joint
 initiative of the World Bank and IMF to prepare Reports on
 the Observance of Standards and Codes (ROSC). The ROSC
 Accounting and Auditing review for Indonesia mainly focuses
 on the strengths and weaknesses of the accounting and
 auditing environment that influences the quality of
 corporate financial reporting. It involves both a review of
 mandatory requirements and actual practices. The reference
 points of international standards used in this report are
 International Financial Reporting Standards (IFRS)
 International Standards on Auditing (ISA) and international
 experience and good practice in the field of accounting and
 auditing regulation. The methodology used to conduct the
 analytical work for preparing this report includes
 application of the ROSC Accounting and Auditing diagnostic
 review. Developed by the World Bank, the diagnostic template
 was complemented by a comprehensive due diligence exercise.
 The World Bank ROSC team met with key stakeholders involved
 in accounting and auditing and corporate reporting in
 Indonesia. Also, several discussion forums were held with
 groups of preparers and auditors of financial statements,
 investors, and financial analysts.