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...
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| Format: | Report |
| Language: | English en_US |
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World Bank, Washington, DC
2016
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| 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 |
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okr-10986-25725 |
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| recordtype |
oai_dc |
| 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 |
ACCOUNT ACCOUNTABILITY ACCOUNTANCY ACCOUNTANT ACCOUNTANTS ACCOUNTING ACCOUNTING PRACTICES ACCOUNTING RULES ACCOUNTING SERVICES ACCOUNTS ACCRUALS ARBITRAGE ASSET QUALITY AUDIT COMMITTEES AUDIT REPORTS AUDIT STANDARDS AUDITED ACCOUNTS AUDITED FINANCIAL STATEMENTS AUDITING AUDITING PROFESSION AUDITING STANDARDS AUDITORS AUDITS BALANCE SHEET BALANCE SHEETS BANK DEPOSIT BANK OF JAMAICA BANKING SERVICES BANKING SUPERVISION BANKS BUSINESS LAW CAPITAL ADEQUACY CAPITAL MARKET CASH FLOW CENTRAL BANK COMMERCIAL BANK COMMERCIAL BANKS COMMERCIAL PAPER COMMON LAW CONSOLIDATED FINANCIAL STATEMENTS CONSOLIDATION CORPORATE GOVERNANCE CORPORATE LAWS CREDIT BUREAUS CREDIT UNION CREDIT UNIONS CURRENCY DEBT BURDEN DEBT RATIO DEBT REDUCTION DEBT SERVICE DEPOSIT DEPOSIT INSURANCE DEPOSIT TAKING INSTITUTIONS DEPOSITORS DEPOSITS DISCLOSURE OF INFORMATION ECONOMIC REFORM ECONOMIC STABILITY EMPLOYMENT ENABLING ENVIRONMENT ENFORCEMENT MECHANISMS ENTRY REQUIREMENTS EXCHANGE COMMISSION EXCHANGE CONTROLS EXCHANGE RATE EXPENDITURE EXPORTERS EXTERNAL AUDITORS EXTERNAL INVESTORS FINANCIAL CRISIS FINANCIAL HEALTH FINANCIAL INFORMATION FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL INSTRUMENTS FINANCIAL MANAGEMENT FINANCIAL POLICIES FINANCIAL REPORTING FINANCIAL REPORTING STANDARDS FINANCIAL REPORTS FINANCIAL RISKS FINANCIAL SERVICES FINANCIAL STABILITY FINANCIAL STATEMENTS FINANCIAL SYSTEM FINANCIAL YEARS FISCAL POLICY GAAP GOOD PRACTICE GOOD PRACTICES GOVERNMENT GRANT GOVERNMENT GRANTS GOVERNMENT PAPER GROSS DOMESTIC PRODUCT HOLDING IMAGE INCOME TAX INFLATION INSTITUTIONAL CAPACITY INSURANCE INSURANCE COMPANIES INSURANCE INDUSTRY INTEREST RATES INTERNAL CONTROLS INTERNATIONAL ACCOUNTING STANDARDS INTERNATIONAL ACCOUNTING STANDARDS COMMITTEE INTERNATIONAL BANK INTERNATIONAL INVESTORS INTERNATIONAL STANDARDS INVESTMENT CLIMATE INVESTMENT DECISIONS INVESTMENT FUNDS INVESTMENT PORTFOLIO LAWS LEGAL FRAMEWORK LEGAL SYSTEM LEGISLATION LENDER LEVEL OF CONFIDENCE LIMITED LIABILITY LOAN LOSS STATEMENTS MARKET RISK MARKETING MERCHANT BANKS MONETARY FUND MONEY SUPPLY NON-PERFORMING LOANS OPEN ECONOMY PENSION PENSION FUNDS PENSIONS PORTFOLIO POTENTIAL INVESTORS PROCUREMENT PRODUCTIVITY PUBLIC ACCOUNTANTS PUBLIC DEBT PUBLIC DEBT MANAGEMENT PUBLIC ENTERPRISES PUBLIC FINANCES PURCHASING PURCHASING POWER QUALITY ASSURANCE QUALITY CONTROL REGULATORY AUTHORITY REGULATORY CAPACITY REGULATORY FRAMEWORK RETURN RETURNS SAVINGS SECURITIES SECURITIES DEALERS SECURITIES INDUSTRY SECURITIES REGULATION SETTLEMENT SHAREHOLDERS STOCK EXCHANGE STOCK EXCHANGES STOCK MARKET SUBSIDIARY SYSTEMIC RISK TAX TAX COMPLIANCE TAX REFORM TAX REGIME TAXATION TECHNICAL ASSISTANCE TRADING TRANSPARENCY TREASURY TURNOVER |
| spellingShingle |
ACCOUNT ACCOUNTABILITY ACCOUNTANCY ACCOUNTANT ACCOUNTANTS ACCOUNTING ACCOUNTING PRACTICES ACCOUNTING RULES ACCOUNTING SERVICES ACCOUNTS ACCRUALS ARBITRAGE ASSET QUALITY AUDIT COMMITTEES AUDIT REPORTS AUDIT STANDARDS AUDITED ACCOUNTS AUDITED FINANCIAL STATEMENTS AUDITING AUDITING PROFESSION AUDITING STANDARDS AUDITORS AUDITS BALANCE SHEET BALANCE SHEETS BANK DEPOSIT BANK OF JAMAICA BANKING SERVICES BANKING SUPERVISION BANKS BUSINESS LAW CAPITAL ADEQUACY CAPITAL MARKET CASH FLOW CENTRAL BANK COMMERCIAL BANK COMMERCIAL BANKS COMMERCIAL PAPER COMMON LAW CONSOLIDATED FINANCIAL STATEMENTS CONSOLIDATION CORPORATE GOVERNANCE CORPORATE LAWS CREDIT BUREAUS CREDIT UNION CREDIT UNIONS CURRENCY DEBT BURDEN DEBT RATIO DEBT REDUCTION DEBT SERVICE DEPOSIT DEPOSIT INSURANCE DEPOSIT TAKING INSTITUTIONS DEPOSITORS DEPOSITS DISCLOSURE OF INFORMATION ECONOMIC REFORM ECONOMIC STABILITY EMPLOYMENT ENABLING ENVIRONMENT ENFORCEMENT MECHANISMS ENTRY REQUIREMENTS EXCHANGE COMMISSION EXCHANGE CONTROLS EXCHANGE RATE EXPENDITURE EXPORTERS EXTERNAL AUDITORS EXTERNAL INVESTORS FINANCIAL CRISIS FINANCIAL HEALTH FINANCIAL INFORMATION FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL INSTRUMENTS FINANCIAL MANAGEMENT FINANCIAL POLICIES FINANCIAL REPORTING FINANCIAL REPORTING STANDARDS FINANCIAL REPORTS FINANCIAL RISKS FINANCIAL SERVICES FINANCIAL STABILITY FINANCIAL STATEMENTS FINANCIAL SYSTEM FINANCIAL YEARS FISCAL POLICY GAAP GOOD PRACTICE GOOD PRACTICES GOVERNMENT GRANT GOVERNMENT GRANTS GOVERNMENT PAPER GROSS DOMESTIC PRODUCT HOLDING IMAGE INCOME TAX INFLATION INSTITUTIONAL CAPACITY INSURANCE INSURANCE COMPANIES INSURANCE INDUSTRY INTEREST RATES INTERNAL CONTROLS INTERNATIONAL ACCOUNTING STANDARDS INTERNATIONAL ACCOUNTING STANDARDS COMMITTEE INTERNATIONAL BANK INTERNATIONAL INVESTORS INTERNATIONAL STANDARDS INVESTMENT CLIMATE INVESTMENT DECISIONS INVESTMENT FUNDS INVESTMENT PORTFOLIO LAWS LEGAL FRAMEWORK LEGAL SYSTEM LEGISLATION LENDER LEVEL OF CONFIDENCE LIMITED LIABILITY LOAN LOSS STATEMENTS MARKET RISK MARKETING MERCHANT BANKS MONETARY FUND MONEY SUPPLY NON-PERFORMING LOANS OPEN ECONOMY PENSION PENSION FUNDS PENSIONS PORTFOLIO POTENTIAL INVESTORS PROCUREMENT PRODUCTIVITY PUBLIC ACCOUNTANTS PUBLIC DEBT PUBLIC DEBT MANAGEMENT PUBLIC ENTERPRISES PUBLIC FINANCES PURCHASING PURCHASING POWER QUALITY ASSURANCE QUALITY CONTROL REGULATORY AUTHORITY REGULATORY CAPACITY REGULATORY FRAMEWORK RETURN RETURNS SAVINGS SECURITIES SECURITIES DEALERS SECURITIES INDUSTRY SECURITIES REGULATION SETTLEMENT SHAREHOLDERS STOCK EXCHANGE STOCK EXCHANGES STOCK MARKET SUBSIDIARY SYSTEMIC RISK TAX TAX COMPLIANCE TAX REFORM TAX REGIME TAXATION TECHNICAL ASSISTANCE TRADING TRANSPARENCY TREASURY TURNOVER World Bank Jamaica Report on the Observance of Standards and Codes : Accounting and Auditing |
| geographic_facet |
Latin America & Caribbean Jamaica |
| description |
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. |
| format |
Report |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
Jamaica Report on the Observance of Standards and Codes : Accounting and Auditing |
| title_short |
Jamaica Report on the Observance of Standards and Codes : Accounting and Auditing |
| title_full |
Jamaica Report on the Observance of Standards and Codes : Accounting and Auditing |
| title_fullStr |
Jamaica Report on the Observance of Standards and Codes : Accounting and Auditing |
| title_full_unstemmed |
Jamaica Report on the Observance of Standards and Codes : Accounting and Auditing |
| title_sort |
jamaica report on the observance of standards and codes : accounting and auditing |
| publisher |
World Bank, Washington, DC |
| publishDate |
2016 |
| url |
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 |
| _version_ |
1764459996064514048 |
| spelling |
okr-10986-257252021-04-23T14:04:31Z Jamaica Report on the Observance of Standards and Codes : Accounting and Auditing World Bank ACCOUNT ACCOUNTABILITY ACCOUNTANCY ACCOUNTANT ACCOUNTANTS ACCOUNTING ACCOUNTING PRACTICES ACCOUNTING RULES ACCOUNTING SERVICES ACCOUNTS ACCRUALS ARBITRAGE ASSET QUALITY AUDIT COMMITTEES AUDIT REPORTS AUDIT STANDARDS AUDITED ACCOUNTS AUDITED FINANCIAL STATEMENTS AUDITING AUDITING PROFESSION AUDITING STANDARDS AUDITORS AUDITS BALANCE SHEET BALANCE SHEETS BANK DEPOSIT BANK OF JAMAICA BANKING SERVICES BANKING SUPERVISION BANKS BUSINESS LAW CAPITAL ADEQUACY CAPITAL MARKET CASH FLOW CENTRAL BANK COMMERCIAL BANK COMMERCIAL BANKS COMMERCIAL PAPER COMMON LAW CONSOLIDATED FINANCIAL STATEMENTS CONSOLIDATION CORPORATE GOVERNANCE CORPORATE LAWS CREDIT BUREAUS CREDIT UNION CREDIT UNIONS CURRENCY DEBT BURDEN DEBT RATIO DEBT REDUCTION DEBT SERVICE DEPOSIT DEPOSIT INSURANCE DEPOSIT TAKING INSTITUTIONS DEPOSITORS DEPOSITS DISCLOSURE OF INFORMATION ECONOMIC REFORM ECONOMIC STABILITY EMPLOYMENT ENABLING ENVIRONMENT ENFORCEMENT MECHANISMS ENTRY REQUIREMENTS EXCHANGE COMMISSION EXCHANGE CONTROLS EXCHANGE RATE EXPENDITURE EXPORTERS EXTERNAL AUDITORS EXTERNAL INVESTORS FINANCIAL CRISIS FINANCIAL HEALTH FINANCIAL INFORMATION FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL INSTRUMENTS FINANCIAL MANAGEMENT FINANCIAL POLICIES FINANCIAL REPORTING FINANCIAL REPORTING STANDARDS FINANCIAL REPORTS FINANCIAL RISKS FINANCIAL SERVICES FINANCIAL STABILITY FINANCIAL STATEMENTS FINANCIAL SYSTEM FINANCIAL YEARS FISCAL POLICY GAAP GOOD PRACTICE GOOD PRACTICES GOVERNMENT GRANT GOVERNMENT GRANTS GOVERNMENT PAPER GROSS DOMESTIC PRODUCT HOLDING IMAGE INCOME TAX INFLATION INSTITUTIONAL CAPACITY INSURANCE INSURANCE COMPANIES INSURANCE INDUSTRY INTEREST RATES INTERNAL CONTROLS INTERNATIONAL ACCOUNTING STANDARDS INTERNATIONAL ACCOUNTING STANDARDS COMMITTEE INTERNATIONAL BANK INTERNATIONAL INVESTORS INTERNATIONAL STANDARDS INVESTMENT CLIMATE INVESTMENT DECISIONS INVESTMENT FUNDS INVESTMENT PORTFOLIO LAWS LEGAL FRAMEWORK LEGAL SYSTEM LEGISLATION LENDER LEVEL OF CONFIDENCE LIMITED LIABILITY LOAN LOSS STATEMENTS MARKET RISK MARKETING MERCHANT BANKS MONETARY FUND MONEY SUPPLY NON-PERFORMING LOANS OPEN ECONOMY PENSION PENSION FUNDS PENSIONS PORTFOLIO POTENTIAL INVESTORS PROCUREMENT PRODUCTIVITY PUBLIC ACCOUNTANTS PUBLIC DEBT PUBLIC DEBT MANAGEMENT PUBLIC ENTERPRISES PUBLIC FINANCES PURCHASING PURCHASING POWER QUALITY ASSURANCE QUALITY CONTROL REGULATORY AUTHORITY REGULATORY CAPACITY REGULATORY FRAMEWORK RETURN RETURNS SAVINGS SECURITIES SECURITIES DEALERS SECURITIES INDUSTRY SECURITIES REGULATION SETTLEMENT SHAREHOLDERS STOCK EXCHANGE STOCK EXCHANGES STOCK MARKET SUBSIDIARY SYSTEMIC RISK TAX TAX COMPLIANCE TAX REFORM TAX REGIME TAXATION TECHNICAL ASSISTANCE TRADING TRANSPARENCY TREASURY TURNOVER 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. 2016-12-13T15:49:40Z 2016-12-13T15:49:40Z 2014-06-13 Report 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 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Economic & Sector Work Economic & Sector Work :: Accounting and Auditing Assessment Latin America & Caribbean Jamaica |