Jamaica Report on the Observance of Standards and Codes : Accounting and Auditing
This Report on Observance and Codes-Accounting and Auditing (ROSC-A&A) assesses the corporate sector accounting, financial reporting, and auditing practices in Jamaica. It builds on its predecessor, a 2003 ROSC-A&A, and its aims to assist t...
| Main Author: | |
|---|---|
| Format: | Report |
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2016
|
| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/608541479709920512/Jamaica-Report-on-the-observance-of-standards-and-codes-ROSC-accounting-and-auditing http://hdl.handle.net/10986/25725 |
| Summary: | This Report on Observance and
Codes-Accounting and Auditing (ROSC-A&A) assesses the
corporate sector accounting, financial reporting, and
auditing practices in Jamaica. It builds on its predecessor,
a 2003 ROSC-A&A, and its aims to assist the Government
of Jamaica's efforts to strengthen accounting and
auditing practices and to enhance financial transparency in
the corporate sector, so as to support the Government's
economic reform program and provide greater confidence to
current and potential investors with respect to the
financial reporting environment. Jamaica has embarked on an
economic reform program whose main objectives are to contain
the country's growing economic and external
vulnerabilities and address economic imbalances, while
putting the country on a path to sustainable growth.
Important reforms include: (a) strengthening public
finances, including through comprehensive tax reform,
expenditure rationalization, and improved public debt
management and public financial management; (b) enhancing
the resilience of the financial sector through strengthened
supervisory, regulatory, and crisis-management frameworks;
and (c) improving growth generating efficiency through
enhancements to the business environment and strengthened
institutional capacity and governance. |
|---|