Bangladesh Report on the Observance of Standards and Codes : Accounting and Auditing

Bangladesh Report on the Observance of Standards and Codes : Accounting and Auditing

The Report on the Observance of Standards and Codes - Accounting and Auditing (ROSC A&A) program is part of a 12-module joint World Bank-IMF initiative to assist member countries to strengthen their financial systems by improving their capacity...

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Bibliographic Details
Main Author:	World Bank
Format:	Report
Language:	English en_US
Published:	World Bank, Dhaka, Bangladesh 2016
Subjects:	INTERNATIONAL ACCOUNTING STANDARDS EXTERNAL AUDITORS GOOD PRACTICE EMPLOYMENT CAPITAL MARKETS REGULATORY FRAMEWORK ACCOUNTING INTANGIBLE ASSETS PRIVATE COMMERCIAL BANKS FINANCIAL MANAGEMENT PRINCIPAL COST ACCOUNTING STANDARDS ACCOUNTANCY FIRMS GOOD PRACTICES INTEREST DEPRECIATION LAWS INDUSTRY INTERNAL AUDITS SERVICES FISCAL POLICY FINANCIAL STATEMENTS CAPITAL ADEQUACY IMPACTS MERCHANT BANKS PRICING PROJECTS MERGERS QUALITY ACCOUNTING SOFTWARE REPORTING INFLATION INTERNATIONAL BANK CASH FLOWS AUDITS COST ACCOUNTING TECHNICAL ASSISTANCE PENALTIES CURRENCY COST RECOVERY TRANSPORT LOCAL LAWS RESOURCE MOBILIZATION ACCOUNTING POLICIES AUDITORS’ REPORTS PRIVATE BANKS FORENSIC ACCOUNTING INTEREST RATES BUSINESS COMMUNITIES CRITERIA FINANCIAL INSTITUTIONS FINANCIAL REPORTING MARKETING MARKETS STATE OWNED BANKS VALUATION OF STOCK LEGISLATION STATUTORY AUDITORS PUBLIC FINANCE DEPOSIT INSURANCE LOANS ENTERPRISES ACCOUNT FINANCE ASSET CLASSIFICATION GRANTS INFRASTRUCTURE TAXES BANKING SECTOR BANKS EXPENDITURE RESOURCES INADEQUATE DISCLOSURE AUDITED FINANCIAL STATEMENTS ACCOUNTABILITY PROCUREMENT ACCOUNTANTS AUDITORS EXPENSES VALUE TAX LAWS DEVELOPMENT BANKS BANK QUALITY AUDITS CREDIT QUALITY STANDARDS ACCOUNTANCY PEER REVIEW MAINTENANCE INTERNAL CONTROLS MANDATES COST FISCAL YEAR FACE VALUE AUDIT REPORTS FINANCIAL REPORTING STANDARDS MARKET RISK QUALITY CONTROL SECURITIES CREDIT RISK GOVERNANCE INSURANCE TAXATION LAND ACCOUNTING STANDARDS BUSINESS RISK COMMERCIAL BANKS AUDIT EVIDENCE BANKING REVENUE RISK MANAGEMENT ACCOUNTS LENDING QUALITY ASSURANCE BANKING SUPERVISION AUDIT AUDITING STANDARDS AUDITING PROFESSION BANK BRANCHES FINANCIAL SYSTEMS ADB GOVERNMENTS IMPLEMENTATION GUARANTEE BUSINESS RISK AUDITING FINANCIAL REPORTS
Online Access:	http://documents.worldbank.org/curated/en/890461479708805505/Bangladesh-Report-on-the-Observance-of-Standards-and-Codes-ROSC-Accounting-and-Auditing-A-A http://hdl.handle.net/10986/25727

Description
Summary:	The Report on the Observance of Standards and Codes - Accounting and Auditing (ROSC A&A) program is part of a 12-module joint World Bank-IMF initiative to assist member countries to strengthen their financial systems by improving their capacity to comply with internationally recognized standards and codes. The ROSC A&A program focuses on the institutional framework underpinning national accounting and auditing practices, and degree of conformity with international standards and good practices. This 2014 update to the Report on the Observance of Standards and Codes – Accounting and Auditing (ROSC A&A) assesses the degree to which the policy recommendations of the 2003 ROSC A&A review have been implemented, identifies issues that have emerged since the last review, and proposes a number of policy recommendations aimed at further improving the quality of corporate financial reporting and auditing which contributes to improving country’s business climate, investors’ confidence and economic growth potential of Bangladesh. The policy recommendations should form the basis for a prioritized, stakeholder-driven Country Action Plan (CAP), aimed to assist in further enhancing financial reporting processes in accordance with international standards and good practices, taking into account Bangladesh’s country specific circumstances.

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