Related items
Showing items related by title, author, creator and subject.
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Accounting and AuditingThis assessment of accounting and
 auditing practices in Ukraine 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 both a review of both mandatory requirements and
 actual practice. The report uses International Financial
 Reporting Standards (IFRS) and International Standards on
 Auditing (ISA) as benchmarks and draws on international
 experience and good practice in the field of accounting and
 auditing regulation. All the key economic sectors in Ukraine
 rely on high quality financial information, which requires
 high quality private sector accounting and auditing. As
 Ukraine moves towards further reforms, liberalization and
 deregulation in efforts to foster an investment-friendly
 business environment enhanced financial transparency and
 improved accounting and auditing practices must support
 this. In this context, this report sets out policy
 recommendations to enhance the quality of corporate
 financial reporting and foster a financial reporting
 platform conducive to sustainable private and financial
 sector growth, thus increasing access to global financial
 markets and other tools of the market economy.
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Republic of Kazakhstan : Accounting and AuditingThis report on the report on the
 observance of standards and codes (ROSC) in Kazakhstan
 provides an assessment of accounting, financial reporting,
 and auditing requirements and practices within the
 enterprise and financial sectors in Kazakhstan. The report
 uses International Financial Reporting Standards (IFRS) and
 International Standards on Auditing (ISA), 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 framework for financial
 reporting and to make policy recommendations. The policy
 recommendations aim to help the Kazakhstan Government to
 support the country's integration into the global
 economy, in particular through strengthening the corporate
 sector's accounting, financial reporting and auditing
 practices. The financial sector, which is dominated by
 private commercial banks, has been one of the fastest
 growing sectors in Kazakhstan. However, while lending to the
 private sector has increased, credit risk analysis remains
 underdeveloped and there are problems with assessing the
 underlying portfolios owing to a significant lack of
 transparency regarding related parties and ultimate economic
 beneficiaries. The role of the non-banking financial sector
 is still limited but growing. This report shows much remains
 to be done if Kazakhstan wishes to raise the quality of
 accounting and auditing practices to a level in line with
 more-developed economies.
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Republic of Tunisia : Accounting and AuditingThis report provides an assessment of accounting, financial reporting, and auditing requirements and practices within the enterprise and financial sectors in Tunisia. The analysis of practices is based among others on the review of a sample of 16 financial statements prepared in accordance with Tunisian accounting standards, including 6 listed enterprise sector companies, 3 listed credit institutions and 3 insurance undertakings (of which 2 are listed). The assessment uses International Financial Reporting Standards (IFRS), International Standards on Auditing (ISA), and the relevant portions of European Union (EU) law (also known as the acquis communautaire) as benchmarks and draws on international experience and good practices in the field of accounting and audit regulation. As Tunisia deepens its partnership with the EU and becomes more integrated in the world market, the country monitors the development of the acquis communautaire and enacts legislation that draws upon it. This report recommends changes to law and regulations to align the statutory framework with evolving internationally accepted practices. As the new regulations come into force, priorities will then turn toward building the monitoring, supervisory, and disciplinary regimes necessary to ensure effective compliance.