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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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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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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.