Mexico : Accounting and Auditing

Mexico : Accounting and Auditing

This report offers several policy recommendations aimed at improving the accounting and auditing regulatory framework. An important aspect is the strengthening of enforcement mechanisms for ensuring compliance with accounting and auditing requireme...

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Bibliographic Details
Main Author: World Bank
Format: Accounting and Auditing Assessment (ROSC)
Language:English
en_US
Published: Washington, DC 2013
Subjects:
ACCOUNTABILITY
ACCOUNTING
ACCOUNTING POLICIES
ACCOUNTING PRINCIPLES
ACCOUNTING STANDARDS
ACCOUNTING TREATMENT
ACQUISITION COSTS
AFFILIATES
AUDITED FINANCIAL STATEMENTS
AUDITING
AUDITORS
AUDITS
BANKS
BONDS
CAPITAL MARKETS
CONSOLIDATED FINANCIAL STATEMENTS
CONSOLIDATION
CORPORATE GOVERNANCE
CORPORATE RESTRUCTURING
ECONOMIC INTEGRATION
EXTERNAL AUDITORS
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING STANDARDS
FINANCIAL ASSETS
FINANCIAL INFORMATION
FINANCIAL INSTITUTIONS
FINANCIAL REPORTING
FINANCIAL REPORTING STANDARDS
FOREIGN BANKS
GAAP
GENERALLY ACCEPTED ACCOUNTING PRINCIPLES
GLOBALIZATION
GROSS REVENUE
INCOME TAXES
INFLATION
INSURANCE
INTERNAL CONTROLS
INTERNATIONAL ACCOUNTING STANDARDS
LEGAL PROVISION
LEGISLATION
LIQUIDITY
LOAN LOSS PROVISIONS
NAFTA
PENALTIES
PRICING POLICIES
PUBLIC
RATING AGENCIES
REGULATORY FRAMEWORK
SECURITIES
SECURITIES MARKETS
STOCK EXCHANGES
SUBSIDIARIES
SUBSIDIARY
TAX
TAX LAW
TAX RATES
TAXATION
TRANSPARENCY
Online Access:http://documents.worldbank.org/curated/en/2004/03/6594446/mexico-report-observance-standards-codes-rosc-accounting-auditing
http://hdl.handle.net/10986/14498
Description
Summary:This report offers several policy recommendations aimed at improving the accounting and auditing regulatory framework. An important aspect is the strengthening of enforcement mechanisms for ensuring compliance with accounting and auditing requirements and auditors' professional code of ethics; in this context, a recommendation has been made for the establishment of an independent oversight body for the audit profession. The review of accounting and auditing standards and practices in Mexico, which forms the basis of this report, placed specific focus on the strengths and weaknesses of the institutional framework that supports the corporate financial reporting system in the country. In that context, specific emphasis was placed on the quality and consistency of academic curricula for public accountants, as well as on existing arrangements for the licensing of auditors.

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