Corporate Financial Reporting in Austria : An Overview

The purpose of this report on corporate financial reporting in Austria is to describe the key features of Austria’s corporate financial reporting environment as well as its practical application in regard to small and medium enterprises (SMEs’) fin...

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Main Author:	Lindner, Bernhard
Format:	Report
Language:	English en_US
Published:	World Bank, Vienna 2016
Subjects:	INTERNATIONAL ACCOUNTING STANDARDS ACCOUNTING PRINCIPLES GOOD PRACTICE EMPLOYMENT DEFICIT REGULATORY FRAMEWORK LIABILITY REFERENDUMS EFFICIENT MARKETS EQUIPMENT ACCOUNTING INTANGIBLE ASSETS ACCOUNTING PRACTICES BUSINESS COMMUNITY FINANCIAL MANAGEMENT STOCK PRINCIPAL SUPERVISORY AUTHORITY SALES INTEREST GOVERNMENT DEFICIT LAWS INDUSTRY BUSINESS ADMINISTRATION SUPERVISORY BOARD WATER SUPPLY SERVICES TAX COLLECTION ACCESS TO BANK FINANCIAL STATEMENTS INCOME STATEMENTS FINANCIAL STATEMENT TAX OWNERSHIP PLANNING QUALITY REPORTING INSTRUMENTS AUDITS COST ACCOUNTING EXTERNAL FINANCE ACCOUNTING REFORM SAVINGS PENALTIES CURRENCY LEGAL PROVISIONS TRANSPORT FINANCIAL DATA OESTERREICHISCHE NATIONALBANK TRADING PUBLIC ACCOUNTANTS CURRENT ASSETS BUSINESS COMMUNITIES ACCOUNTING RULES CRITERIA AUDIT RISK FINANCIAL INSTITUTIONS MARKETS FINANCIAL REPORTING LEGISLATION STATUTORY AUDITORS LOANS LABOR ENTERPRISES GROSS DOMESTIC PRODUCT INVENTORY SUBSTITUTES ACCOUNT LEGAL FRAMEWORK BANK FINANCING FINANCE BANKS RESOURCES INTERNATIONAL STANDARDS EQUITY GOODWILL GAAP INVESTORS AUDITED FINANCIAL STATEMENTS GOOD ACCOUNTANTS AUDITORS EXPENSES FINANCIAL STABILITY LLC TURNOVER VALUE BANK CREDIT ACCOUNTING METHODS ACCOUNTANCY PEER REVIEW PUBLIC ACCOUNTING FINANCIAL PERFORMANCE SUPERVISORY BOARDS INTERNAL CONTROLS COST FISCAL YEAR BALANCE SHEET QUALITY ASSESSMENT MARKET FINANCIAL REPORTING STANDARDS FOREIGN EXCHANGE MARKET VALUE QUALITY CONTROL MARKET CONFIDENCE CONSOLIDATED FINANCIAL STATEMENTS ADMINISTRATION PROFITABILITY GOVERNANCE INSURANCE BOOKKEEPING PAYROLL LAND LEGAL SYSTEM ACCOUNTING STANDARDS NATIONAL BANK BUSINESS RISK SUBVENTIONS COMMERCIAL BANKS AUDIT EVIDENCE AUSTRIAN NATIONAL BANK FINANCIAL INFORMATION COOPERATIVES REVENUE RISK MANAGEMENT ACCOUNTS LENDING QUALITY ASSURANCE SAVINGS BANKS AUDIT AUDITING STANDARDS FINANCIAL ACCOUNTING CUSTOMERS LIMITED LIABILITY AUDITING PROFESSION ACCOUNTING RECORDS CERTIFIED PUBLIC ACCOUNTANTS IMPLEMENTATION AUDITING FINANCIAL REPORTS CONSOLIDATION
Online Access:	http://documents.worldbank.org/curated/en/2016/05/26403982/corporate-financial-reporting-austria-overview http://hdl.handle.net/10986/24463

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recordtype	oai_dc
spelling	okr-10986-244632021-04-23T14:04:22Z Corporate Financial Reporting in Austria : An Overview Lindner, Bernhard INTERNATIONAL ACCOUNTING STANDARDS ACCOUNTING PRINCIPLES GOOD PRACTICE EMPLOYMENT DEFICIT REGULATORY FRAMEWORK LIABILITY REFERENDUMS EFFICIENT MARKETS EQUIPMENT ACCOUNTING INTANGIBLE ASSETS ACCOUNTING PRACTICES BUSINESS COMMUNITY FINANCIAL MANAGEMENT STOCK PRINCIPAL SUPERVISORY AUTHORITY SALES INTEREST GOVERNMENT DEFICIT LAWS INDUSTRY BUSINESS ADMINISTRATION SUPERVISORY BOARD WATER SUPPLY SERVICES TAX COLLECTION ACCESS TO BANK FINANCIAL STATEMENTS INCOME STATEMENTS FINANCIAL STATEMENT TAX OWNERSHIP PLANNING QUALITY REPORTING INSTRUMENTS AUDITS COST ACCOUNTING EXTERNAL FINANCE ACCOUNTING REFORM SAVINGS PENALTIES CURRENCY LEGAL PROVISIONS TRANSPORT FINANCIAL DATA OESTERREICHISCHE NATIONALBANK TRADING PUBLIC ACCOUNTANTS CURRENT ASSETS BUSINESS COMMUNITIES ACCOUNTING RULES CRITERIA AUDIT RISK FINANCIAL INSTITUTIONS MARKETS FINANCIAL REPORTING LEGISLATION STATUTORY AUDITORS LOANS LABOR ENTERPRISES GROSS DOMESTIC PRODUCT INVENTORY SUBSTITUTES ACCOUNT LEGAL FRAMEWORK BANK FINANCING FINANCE BANKS RESOURCES INTERNATIONAL STANDARDS EQUITY GOODWILL GAAP INVESTORS AUDITED FINANCIAL STATEMENTS GOOD ACCOUNTANTS AUDITORS EXPENSES FINANCIAL STABILITY LLC TURNOVER VALUE BANK CREDIT ACCOUNTING METHODS ACCOUNTANCY PEER REVIEW PUBLIC ACCOUNTING FINANCIAL PERFORMANCE SUPERVISORY BOARDS INTERNAL CONTROLS COST FISCAL YEAR BALANCE SHEET QUALITY ASSESSMENT MARKET FINANCIAL REPORTING STANDARDS FOREIGN EXCHANGE MARKET VALUE QUALITY CONTROL MARKET CONFIDENCE CONSOLIDATED FINANCIAL STATEMENTS ADMINISTRATION PROFITABILITY GOVERNANCE INSURANCE BOOKKEEPING PAYROLL LAND LEGAL SYSTEM ACCOUNTING STANDARDS NATIONAL BANK BUSINESS RISK SUBVENTIONS COMMERCIAL BANKS AUDIT EVIDENCE AUSTRIAN NATIONAL BANK FINANCIAL INFORMATION COOPERATIVES REVENUE RISK MANAGEMENT ACCOUNTS LENDING QUALITY ASSURANCE SAVINGS BANKS AUDIT AUDITING STANDARDS FINANCIAL ACCOUNTING CUSTOMERS LIMITED LIABILITY AUDITING PROFESSION ACCOUNTING RECORDS CERTIFIED PUBLIC ACCOUNTANTS IMPLEMENTATION AUDITING FINANCIAL REPORTS CONSOLIDATION The purpose of this report on corporate financial reporting in Austria is to describe the key features of Austria’s corporate financial reporting environment as well as its practical application in regard to small and medium enterprises (SMEs’) financial reporting practices in Austria. This report builds on the World Bank accounting and auditing reports on standards and codes (ROSC) methodology to give an overview of the Austrian corporate financial reporting system. It selectively provides good practice examples that can give incentives to overcome impediments to financial reporting reform. Based on the findings of two surveys conducted among Austrian SMEs and Austrian financial institutions, the report focuses particularly on aspects relevant to SME financial reporting. This report forms part of the activities of the center for financial reporting reform (CFRR) within the road to Europe program of accounting reform and institutional strengthening (REPARIS), which also provided funding. 2016-06-08T21:17:36Z 2016-06-08T21:17:36Z 2014-05 Report http://documents.worldbank.org/curated/en/2016/05/26403982/corporate-financial-reporting-austria-overview http://hdl.handle.net/10986/24463 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Vienna Publications & Research Publications & Research :: Working Paper Europe and Central Asia Austria
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English en_US
topic	INTERNATIONAL ACCOUNTING STANDARDS ACCOUNTING PRINCIPLES GOOD PRACTICE EMPLOYMENT DEFICIT REGULATORY FRAMEWORK LIABILITY REFERENDUMS EFFICIENT MARKETS EQUIPMENT ACCOUNTING INTANGIBLE ASSETS ACCOUNTING PRACTICES BUSINESS COMMUNITY FINANCIAL MANAGEMENT STOCK PRINCIPAL SUPERVISORY AUTHORITY SALES INTEREST GOVERNMENT DEFICIT LAWS INDUSTRY BUSINESS ADMINISTRATION SUPERVISORY BOARD WATER SUPPLY SERVICES TAX COLLECTION ACCESS TO BANK FINANCIAL STATEMENTS INCOME STATEMENTS FINANCIAL STATEMENT TAX OWNERSHIP PLANNING QUALITY REPORTING INSTRUMENTS AUDITS COST ACCOUNTING EXTERNAL FINANCE ACCOUNTING REFORM SAVINGS PENALTIES CURRENCY LEGAL PROVISIONS TRANSPORT FINANCIAL DATA OESTERREICHISCHE NATIONALBANK TRADING PUBLIC ACCOUNTANTS CURRENT ASSETS BUSINESS COMMUNITIES ACCOUNTING RULES CRITERIA AUDIT RISK FINANCIAL INSTITUTIONS MARKETS FINANCIAL REPORTING LEGISLATION STATUTORY AUDITORS LOANS LABOR ENTERPRISES GROSS DOMESTIC PRODUCT INVENTORY SUBSTITUTES ACCOUNT LEGAL FRAMEWORK BANK FINANCING FINANCE BANKS RESOURCES INTERNATIONAL STANDARDS EQUITY GOODWILL GAAP INVESTORS AUDITED FINANCIAL STATEMENTS GOOD ACCOUNTANTS AUDITORS EXPENSES FINANCIAL STABILITY LLC TURNOVER VALUE BANK CREDIT ACCOUNTING METHODS ACCOUNTANCY PEER REVIEW PUBLIC ACCOUNTING FINANCIAL PERFORMANCE SUPERVISORY BOARDS INTERNAL CONTROLS COST FISCAL YEAR BALANCE SHEET QUALITY ASSESSMENT MARKET FINANCIAL REPORTING STANDARDS FOREIGN EXCHANGE MARKET VALUE QUALITY CONTROL MARKET CONFIDENCE CONSOLIDATED FINANCIAL STATEMENTS ADMINISTRATION PROFITABILITY GOVERNANCE INSURANCE BOOKKEEPING PAYROLL LAND LEGAL SYSTEM ACCOUNTING STANDARDS NATIONAL BANK BUSINESS RISK SUBVENTIONS COMMERCIAL BANKS AUDIT EVIDENCE AUSTRIAN NATIONAL BANK FINANCIAL INFORMATION COOPERATIVES REVENUE RISK MANAGEMENT ACCOUNTS LENDING QUALITY ASSURANCE SAVINGS BANKS AUDIT AUDITING STANDARDS FINANCIAL ACCOUNTING CUSTOMERS LIMITED LIABILITY AUDITING PROFESSION ACCOUNTING RECORDS CERTIFIED PUBLIC ACCOUNTANTS IMPLEMENTATION AUDITING FINANCIAL REPORTS CONSOLIDATION
spellingShingle	INTERNATIONAL ACCOUNTING STANDARDS ACCOUNTING PRINCIPLES GOOD PRACTICE EMPLOYMENT DEFICIT REGULATORY FRAMEWORK LIABILITY REFERENDUMS EFFICIENT MARKETS EQUIPMENT ACCOUNTING INTANGIBLE ASSETS ACCOUNTING PRACTICES BUSINESS COMMUNITY FINANCIAL MANAGEMENT STOCK PRINCIPAL SUPERVISORY AUTHORITY SALES INTEREST GOVERNMENT DEFICIT LAWS INDUSTRY BUSINESS ADMINISTRATION SUPERVISORY BOARD WATER SUPPLY SERVICES TAX COLLECTION ACCESS TO BANK FINANCIAL STATEMENTS INCOME STATEMENTS FINANCIAL STATEMENT TAX OWNERSHIP PLANNING QUALITY REPORTING INSTRUMENTS AUDITS COST ACCOUNTING EXTERNAL FINANCE ACCOUNTING REFORM SAVINGS PENALTIES CURRENCY LEGAL PROVISIONS TRANSPORT FINANCIAL DATA OESTERREICHISCHE NATIONALBANK TRADING PUBLIC ACCOUNTANTS CURRENT ASSETS BUSINESS COMMUNITIES ACCOUNTING RULES CRITERIA AUDIT RISK FINANCIAL INSTITUTIONS MARKETS FINANCIAL REPORTING LEGISLATION STATUTORY AUDITORS LOANS LABOR ENTERPRISES GROSS DOMESTIC PRODUCT INVENTORY SUBSTITUTES ACCOUNT LEGAL FRAMEWORK BANK FINANCING FINANCE BANKS RESOURCES INTERNATIONAL STANDARDS EQUITY GOODWILL GAAP INVESTORS AUDITED FINANCIAL STATEMENTS GOOD ACCOUNTANTS AUDITORS EXPENSES FINANCIAL STABILITY LLC TURNOVER VALUE BANK CREDIT ACCOUNTING METHODS ACCOUNTANCY PEER REVIEW PUBLIC ACCOUNTING FINANCIAL PERFORMANCE SUPERVISORY BOARDS INTERNAL CONTROLS COST FISCAL YEAR BALANCE SHEET QUALITY ASSESSMENT MARKET FINANCIAL REPORTING STANDARDS FOREIGN EXCHANGE MARKET VALUE QUALITY CONTROL MARKET CONFIDENCE CONSOLIDATED FINANCIAL STATEMENTS ADMINISTRATION PROFITABILITY GOVERNANCE INSURANCE BOOKKEEPING PAYROLL LAND LEGAL SYSTEM ACCOUNTING STANDARDS NATIONAL BANK BUSINESS RISK SUBVENTIONS COMMERCIAL BANKS AUDIT EVIDENCE AUSTRIAN NATIONAL BANK FINANCIAL INFORMATION COOPERATIVES REVENUE RISK MANAGEMENT ACCOUNTS LENDING QUALITY ASSURANCE SAVINGS BANKS AUDIT AUDITING STANDARDS FINANCIAL ACCOUNTING CUSTOMERS LIMITED LIABILITY AUDITING PROFESSION ACCOUNTING RECORDS CERTIFIED PUBLIC ACCOUNTANTS IMPLEMENTATION AUDITING FINANCIAL REPORTS CONSOLIDATION Lindner, Bernhard Corporate Financial Reporting in Austria : An Overview
geographic_facet	Europe and Central Asia Austria
description	The purpose of this report on corporate financial reporting in Austria is to describe the key features of Austria’s corporate financial reporting environment as well as its practical application in regard to small and medium enterprises (SMEs’) financial reporting practices in Austria. This report builds on the World Bank accounting and auditing reports on standards and codes (ROSC) methodology to give an overview of the Austrian corporate financial reporting system. It selectively provides good practice examples that can give incentives to overcome impediments to financial reporting reform. Based on the findings of two surveys conducted among Austrian SMEs and Austrian financial institutions, the report focuses particularly on aspects relevant to SME financial reporting. This report forms part of the activities of the center for financial reporting reform (CFRR) within the road to Europe program of accounting reform and institutional strengthening (REPARIS), which also provided funding.
format	Report
author	Lindner, Bernhard
author_facet	Lindner, Bernhard
author_sort	Lindner, Bernhard
title	Corporate Financial Reporting in Austria : An Overview
title_short	Corporate Financial Reporting in Austria : An Overview
title_full	Corporate Financial Reporting in Austria : An Overview
title_fullStr	Corporate Financial Reporting in Austria : An Overview
title_full_unstemmed	Corporate Financial Reporting in Austria : An Overview
title_sort	corporate financial reporting in austria : an overview
publisher	World Bank, Vienna
publishDate	2016
url	http://documents.worldbank.org/curated/en/2016/05/26403982/corporate-financial-reporting-austria-overview http://hdl.handle.net/10986/24463
_version_	1764456839252017152

Corporate Financial Reporting in Austria : An Overview

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