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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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Strengthening Financial Reporting Regimes and the Accountancy Profession and Practices in Selected Caribbean CountriesThe main objectives of this report are
 to: (a) provide a synthesized analysis of financial
 reporting and auditing standards and practices across the
 countries in which the Institute of Chartered Accountants of
 the Caribbean (ICAC) is active and (b) provide a basis for
 recommendations to ICAC and respective national institutes
 for a regional strategy to enhance the accounting profession
 and the accounting and auditing practices in the public and
 private sectors. This report’s focus on reforms and
 identification of areas and means to strengthen the
 accounting profession have at their root the conviction that
 systemic enhancements to the standards and practices of the
 profession can materially improve the lives of the region’s
 populace, particularly its less prosperous citizens, through
 greater transparency, strengthened economic growth and its
 attendant employment and tax revenue prospects, and greater
 access to financing for and formalization of the region’s
 dominant sector-micro, small, and medium-sized enterprises
 (MSMEs). The report finds that a constraint limiting both
 investment across the region, particularly to MSMEs that
 characterize the respective national economies, and the
 efficient use of public resources is the accounting and
 auditing practices and the financial reporting regimes that
 prevail in both the public and private sectors. This finding
 emerges from: (i) a review of Reports on the Observance of
 Standards and Codes for Accounting and Auditing (ROSC AA)
 conducted by the World Bank for Jamaica, Trinidad and
 Tobago, Suriname, and the countries of the Organisation of
 Eastern Caribbean States, and (ii) Bank missions to those
 countries updating the ROSC findings as well as missions to
 countries that have not yet had ROSC AA reviews (during
 which the Bank team met the national accountancy body,
 regulators of entities that fall within the financial
 reporting chain, supreme audit institutions, central banks,
 and so forth so as to secure information that would
 typically be found in formal ROSC AA reports).
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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.