Croatia : Accounting and Auditing
This report is based on an assisted self-assessment of accounting and auditing standards and practices in Croatia conducted under the management of a National Steering Committee consisting of representatives form government and the private sector....
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| Format: | Accounting and Auditing Assessment (ROSC) |
| Language: | English en_US |
| Published: |
Washington, DC
2013
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| Online Access: | http://documents.worldbank.org/curated/en/2002/06/6569643/croatia-report-observance-standards-codes-rosc-accounting-auditing http://hdl.handle.net/10986/14499 |
| Summary: | This report is based on an assisted
self-assessment of accounting and auditing standards and
practices in Croatia conducted under the management of a
National Steering Committee consisting of representatives
form government and the private sector. The self-assessment
exercise, complemented by due diligence by Bank staff,
specifically focused on the strengths and weaknesses of the
institutional arrangements needed for the observance of
International Accounting Standards (IAS) and International
Standards of Auditing (ISA). The Accounting Act was amended
in 1992 in order to adopt a more investor oriented approach.
The Act took the important step of requiring all companies
to prepare IAS financial statements. The Audit Law requires
that the audit should be carried out by a certified auditor
licensed under authority granted by the Ministry of Finance
(MOF) and in accordance with ISA. |
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