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Suriname : Report on the Observance of Standards and Codes - Accounting and AuditingThis report provides an assessment of
 the corporate sector accounting, financial reporting, and
 auditing practices in Suriname, with the aim of assisting
 the Government of Suriname's efforts to strengthen
 private sector accounting and auditing practices and enhance
 financial transparency in the corporate sector, so as to
 support the Government's objective of private
 sector-led growth and deepened integration with the
 international economy. This ROSC A&A aims to support the
 government's objectives of improving the investment
 climate and fostering private sector growth, in particular
 through: (a) designing a solid legal and regulatory
 framework governing the accounting and audit profession in
 Suriname, (b) improving the technical skills of accounting
 and audit practitioners, and (c) enhancing the institutional
 capacity of the country's accounting professional body
 and educational institutions. The ROSC A&A focuses on
 the institutional framework regulating accounting and
 auditing practices, and the comparability of national
 accounting and auditing practices with international
 standards and best practice, using International Financial
 Reporting Standards (IFRS) and International Standards on
 Auditing (ISA) as benchmarks. It evaluates the effectiveness
 of enforcement mechanisms for ensuring compliance with
 applicable standards and codes.
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Slovenia Report on the Observance of Standards and CodesThis assessment of accounting and
 auditing practices in Slovenia 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. This is the second A&A ROSC for Slovenia and
 based on information collected in 2013, early 2014. The
 first one was published in 2004. As the requirements of the
 EU acquis communautaire and international standards have
 already been adopted in the financial sector this assessment
 focuses on the proper application of these requirements,
 with the view that improved financial information raises the
 capacity of regulators to maintain financial stability, and
 improve the level of trust in the financial system, in the
 context of an ongoing recapitalization exercise. In the
 State Owned Enterprises, or SOEs, the report focuses on the
 requirements applicable to them and how well these are
 enforced, as well as to what extent the government uses the
 financial reporting and audit process to monitor SOEs and
 hold their management teams accountable. This report also
 considers SMEs financial reporting, including how current
 requirements compare with the latest revisions to the EU
 Accounting Directive, which further simplified requirements
 for smaller companies. Finally, audit oversight and quality
 assurance systems are assessed, including the feasibility of
 incorporating the audit oversight body as part of the
 financial sector supervisor.
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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.