Related items
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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.
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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.