South Africa Report on the Observance of Standards and Codes : Accounting and Auditing

The main purpose of the South Africa Report on the Observance of Standards and Codes, Accounting and Auditing (ROSC A&A) is to determine reforms that will continue to improve the quality of financial reporting in South Africa. The review, reque...

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Main Author:	World Bank
Format:	Report
Language:	English en_US
Published:	World Bank, Washington, DC 2016
Subjects:	ACCOUNT ACCOUNTABILITY ACCOUNTANCY ACCOUNTANTS ACCOUNTING ACCOUNTING FIRM ACCOUNTING FIRMS ACCOUNTING PERIOD ACCOUNTING PRACTICES ACCOUNTING SERVICES ACCOUNTING STANDARDS ACCOUNTS AUDIT COMMITTEE AUDIT COMMITTEES AUDIT REPORTS AUDITED FINANCIAL STATEMENTS AUDITING AUDITING PROFESSION AUDITING STANDARDS AUDITORS AUDITS BANKS BOOKKEEPING BUSINESS ETHICS BUSINESS MANAGEMENT CAPITAL MARKETS CAPITALIZATION CATEGORIES OF COMPANIES CERTIFIED ACCOUNTANTS CERTIFIED PUBLIC ACCOUNTANTS CHARTER CHIEF EXECUTIVE CHIEF EXECUTIVES CHIEF FINANCIAL OFFICERS CLOSE CORPORATION CLOSE CORPORATIONS COLLECTIVE COMPANIES ACT COMPANY CORPORATE GOVERNANCE CORPORATIONS ACT EXPENDITURE FINANCIAL AUDITS FINANCIAL INFORMATION FINANCIAL MANAGEMENT FINANCIAL MARKETS FINANCIAL REPORT FINANCIAL REPORTING FINANCIAL REPORTING STANDARDS FINANCIAL SERVICES FINANCIAL STATEMENT FINANCIAL STATEMENTS FINANCIAL YEARS GAAP GOOD PRACTICE GOOD PRACTICES GOVERNANCE PRINCIPLES GROSS REVENUE HOLDING COMPANY INCOME DISTRIBUTION INCORPORATED INCORPORATION INCORPORATIONS INDEPENDENT AUDIT INDIVIDUALS INSURANCE INTERNAL AUDIT INTERNAL AUDITORS INTERNATIONAL ACCOUNTING STANDARDS INVESTIGATION LEGISLATION LIMITED LIMITED LIABILITY LIMITED LIABILITY PARTNERSHIP LIMITED LIABILITY PARTNERSHIPS LOCAL GOVERNMENT MANAGERS MANDATES MERGER MERGERS MUNICIPALITIES MUTUAL RECOGNITION PERSONS PRIVATE COMPANIES PUBLIC ACCOUNTANTS PUBLIC COMPANIES PUBLIC COMPANY PUBLIC FINANCE QUALITY CONTROL REGISTRAR OF COMPANIES REGULATORY FRAMEWORK REGULATORY INSTITUTIONS REGULATORY REFORMS REPORTING REPORTING SYSTEMS RISK MANAGEMENT SHAREHOLDERS SOCIETY SOLE PROPRIETORSHIP SPONSORS STAKEHOLDER STAKEHOLDERS STATE-OWNED COMPANIES STOCK EXCHANGE SUBSIDIARIES SYSTEMIC RISK UNIVERSITIES
Online Access:	http://documents.worldbank.org/curated/en/271661479710323290/South-Africa-Report-on-the-observance-of-standards-and-codes-ROSC-accounting-and-auditing http://hdl.handle.net/10986/25729

id	okr-10986-25729
recordtype	oai_dc
spelling	okr-10986-257292021-04-23T14:04:31Z South Africa Report on the Observance of Standards and Codes : Accounting and Auditing World Bank ACCOUNT ACCOUNTABILITY ACCOUNTANCY ACCOUNTANTS ACCOUNTING ACCOUNTING FIRM ACCOUNTING FIRMS ACCOUNTING PERIOD ACCOUNTING PRACTICES ACCOUNTING SERVICES ACCOUNTING STANDARDS ACCOUNTS AUDIT COMMITTEE AUDIT COMMITTEES AUDIT REPORTS AUDITED FINANCIAL STATEMENTS AUDITING AUDITING PROFESSION AUDITING STANDARDS AUDITORS AUDITS BANKS BOOKKEEPING BUSINESS ETHICS BUSINESS MANAGEMENT CAPITAL MARKETS CAPITALIZATION CATEGORIES OF COMPANIES CERTIFIED ACCOUNTANTS CERTIFIED PUBLIC ACCOUNTANTS CHARTER CHIEF EXECUTIVE CHIEF EXECUTIVES CHIEF FINANCIAL OFFICERS CLOSE CORPORATION CLOSE CORPORATIONS COLLECTIVE COMPANIES ACT COMPANY CORPORATE GOVERNANCE CORPORATIONS ACT EXPENDITURE FINANCIAL AUDITS FINANCIAL INFORMATION FINANCIAL MANAGEMENT FINANCIAL MARKETS FINANCIAL REPORT FINANCIAL REPORTING FINANCIAL REPORTING STANDARDS FINANCIAL SERVICES FINANCIAL STATEMENT FINANCIAL STATEMENTS FINANCIAL YEARS GAAP GOOD PRACTICE GOOD PRACTICES GOVERNANCE PRINCIPLES GROSS REVENUE HOLDING COMPANY INCOME DISTRIBUTION INCORPORATED INCORPORATION INCORPORATIONS INDEPENDENT AUDIT INDIVIDUALS INSURANCE INTERNAL AUDIT INTERNAL AUDITORS INTERNATIONAL ACCOUNTING STANDARDS INVESTIGATION LEGISLATION LIMITED LIMITED LIABILITY LIMITED LIABILITY PARTNERSHIP LIMITED LIABILITY PARTNERSHIPS LOCAL GOVERNMENT MANAGERS MANDATES MERGER MERGERS MUNICIPALITIES MUTUAL RECOGNITION PERSONS PRIVATE COMPANIES PUBLIC ACCOUNTANTS PUBLIC COMPANIES PUBLIC COMPANY PUBLIC FINANCE QUALITY CONTROL REGISTRAR OF COMPANIES REGULATORY FRAMEWORK REGULATORY INSTITUTIONS REGULATORY REFORMS REPORTING REPORTING SYSTEMS RISK MANAGEMENT SHAREHOLDERS SOCIETY SOLE PROPRIETORSHIP SPONSORS STAKEHOLDER STAKEHOLDERS STATE-OWNED COMPANIES STOCK EXCHANGE SUBSIDIARIES SYSTEMIC RISK UNIVERSITIES The main purpose of the South Africa Report on the Observance of Standards and Codes, Accounting and Auditing (ROSC A&A) is to determine reforms that will continue to improve the quality of financial reporting in South Africa. The review, requested by the Minister of Finance, was conducted to assess the status of implementation of policy recommendations in the prior 2003 ROSC A&A report, assess the institutional framework underpinning accounting and auditing practices in comparison with international standards and good practices in order to identify any emerging issues that require strengthening, share good practices adopted in the country, and propose policy recommendations addressing areas that require improvements. Implementation of the policy recommendations will further enhance the quality of financial reporting in the country, a key pillar that contributes to enhancing the business environment and advancement of governance and financial accountability in both the private and public sector entities. The review focuses on private sector. Financial reporting in public sector is assessed under public expenditure and financial accountability framework. 2016-12-13T16:05:04Z 2016-12-13T16:05:04Z 2013-06 Report http://documents.worldbank.org/curated/en/271661479710323290/South-Africa-Report-on-the-observance-of-standards-and-codes-ROSC-accounting-and-auditing http://hdl.handle.net/10986/25729 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 Africa South Africa
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 ACCOUNTANTS ACCOUNTING ACCOUNTING FIRM ACCOUNTING FIRMS ACCOUNTING PERIOD ACCOUNTING PRACTICES ACCOUNTING SERVICES ACCOUNTING STANDARDS ACCOUNTS AUDIT COMMITTEE AUDIT COMMITTEES AUDIT REPORTS AUDITED FINANCIAL STATEMENTS AUDITING AUDITING PROFESSION AUDITING STANDARDS AUDITORS AUDITS BANKS BOOKKEEPING BUSINESS ETHICS BUSINESS MANAGEMENT CAPITAL MARKETS CAPITALIZATION CATEGORIES OF COMPANIES CERTIFIED ACCOUNTANTS CERTIFIED PUBLIC ACCOUNTANTS CHARTER CHIEF EXECUTIVE CHIEF EXECUTIVES CHIEF FINANCIAL OFFICERS CLOSE CORPORATION CLOSE CORPORATIONS COLLECTIVE COMPANIES ACT COMPANY CORPORATE GOVERNANCE CORPORATIONS ACT EXPENDITURE FINANCIAL AUDITS FINANCIAL INFORMATION FINANCIAL MANAGEMENT FINANCIAL MARKETS FINANCIAL REPORT FINANCIAL REPORTING FINANCIAL REPORTING STANDARDS FINANCIAL SERVICES FINANCIAL STATEMENT FINANCIAL STATEMENTS FINANCIAL YEARS GAAP GOOD PRACTICE GOOD PRACTICES GOVERNANCE PRINCIPLES GROSS REVENUE HOLDING COMPANY INCOME DISTRIBUTION INCORPORATED INCORPORATION INCORPORATIONS INDEPENDENT AUDIT INDIVIDUALS INSURANCE INTERNAL AUDIT INTERNAL AUDITORS INTERNATIONAL ACCOUNTING STANDARDS INVESTIGATION LEGISLATION LIMITED LIMITED LIABILITY LIMITED LIABILITY PARTNERSHIP LIMITED LIABILITY PARTNERSHIPS LOCAL GOVERNMENT MANAGERS MANDATES MERGER MERGERS MUNICIPALITIES MUTUAL RECOGNITION PERSONS PRIVATE COMPANIES PUBLIC ACCOUNTANTS PUBLIC COMPANIES PUBLIC COMPANY PUBLIC FINANCE QUALITY CONTROL REGISTRAR OF COMPANIES REGULATORY FRAMEWORK REGULATORY INSTITUTIONS REGULATORY REFORMS REPORTING REPORTING SYSTEMS RISK MANAGEMENT SHAREHOLDERS SOCIETY SOLE PROPRIETORSHIP SPONSORS STAKEHOLDER STAKEHOLDERS STATE-OWNED COMPANIES STOCK EXCHANGE SUBSIDIARIES SYSTEMIC RISK UNIVERSITIES
spellingShingle	ACCOUNT ACCOUNTABILITY ACCOUNTANCY ACCOUNTANTS ACCOUNTING ACCOUNTING FIRM ACCOUNTING FIRMS ACCOUNTING PERIOD ACCOUNTING PRACTICES ACCOUNTING SERVICES ACCOUNTING STANDARDS ACCOUNTS AUDIT COMMITTEE AUDIT COMMITTEES AUDIT REPORTS AUDITED FINANCIAL STATEMENTS AUDITING AUDITING PROFESSION AUDITING STANDARDS AUDITORS AUDITS BANKS BOOKKEEPING BUSINESS ETHICS BUSINESS MANAGEMENT CAPITAL MARKETS CAPITALIZATION CATEGORIES OF COMPANIES CERTIFIED ACCOUNTANTS CERTIFIED PUBLIC ACCOUNTANTS CHARTER CHIEF EXECUTIVE CHIEF EXECUTIVES CHIEF FINANCIAL OFFICERS CLOSE CORPORATION CLOSE CORPORATIONS COLLECTIVE COMPANIES ACT COMPANY CORPORATE GOVERNANCE CORPORATIONS ACT EXPENDITURE FINANCIAL AUDITS FINANCIAL INFORMATION FINANCIAL MANAGEMENT FINANCIAL MARKETS FINANCIAL REPORT FINANCIAL REPORTING FINANCIAL REPORTING STANDARDS FINANCIAL SERVICES FINANCIAL STATEMENT FINANCIAL STATEMENTS FINANCIAL YEARS GAAP GOOD PRACTICE GOOD PRACTICES GOVERNANCE PRINCIPLES GROSS REVENUE HOLDING COMPANY INCOME DISTRIBUTION INCORPORATED INCORPORATION INCORPORATIONS INDEPENDENT AUDIT INDIVIDUALS INSURANCE INTERNAL AUDIT INTERNAL AUDITORS INTERNATIONAL ACCOUNTING STANDARDS INVESTIGATION LEGISLATION LIMITED LIMITED LIABILITY LIMITED LIABILITY PARTNERSHIP LIMITED LIABILITY PARTNERSHIPS LOCAL GOVERNMENT MANAGERS MANDATES MERGER MERGERS MUNICIPALITIES MUTUAL RECOGNITION PERSONS PRIVATE COMPANIES PUBLIC ACCOUNTANTS PUBLIC COMPANIES PUBLIC COMPANY PUBLIC FINANCE QUALITY CONTROL REGISTRAR OF COMPANIES REGULATORY FRAMEWORK REGULATORY INSTITUTIONS REGULATORY REFORMS REPORTING REPORTING SYSTEMS RISK MANAGEMENT SHAREHOLDERS SOCIETY SOLE PROPRIETORSHIP SPONSORS STAKEHOLDER STAKEHOLDERS STATE-OWNED COMPANIES STOCK EXCHANGE SUBSIDIARIES SYSTEMIC RISK UNIVERSITIES World Bank South Africa Report on the Observance of Standards and Codes : Accounting and Auditing
geographic_facet	Africa South Africa
description	The main purpose of the South Africa Report on the Observance of Standards and Codes, Accounting and Auditing (ROSC A&A) is to determine reforms that will continue to improve the quality of financial reporting in South Africa. The review, requested by the Minister of Finance, was conducted to assess the status of implementation of policy recommendations in the prior 2003 ROSC A&A report, assess the institutional framework underpinning accounting and auditing practices in comparison with international standards and good practices in order to identify any emerging issues that require strengthening, share good practices adopted in the country, and propose policy recommendations addressing areas that require improvements. Implementation of the policy recommendations will further enhance the quality of financial reporting in the country, a key pillar that contributes to enhancing the business environment and advancement of governance and financial accountability in both the private and public sector entities. The review focuses on private sector. Financial reporting in public sector is assessed under public expenditure and financial accountability framework.
format	Report
author	World Bank
author_facet	World Bank
author_sort	World Bank
title	South Africa Report on the Observance of Standards and Codes : Accounting and Auditing
title_short	South Africa Report on the Observance of Standards and Codes : Accounting and Auditing
title_full	South Africa Report on the Observance of Standards and Codes : Accounting and Auditing
title_fullStr	South Africa Report on the Observance of Standards and Codes : Accounting and Auditing
title_full_unstemmed	South Africa Report on the Observance of Standards and Codes : Accounting and Auditing
title_sort	south africa 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/271661479710323290/South-Africa-Report-on-the-observance-of-standards-and-codes-ROSC-accounting-and-auditing http://hdl.handle.net/10986/25729
_version_	1764460005441929216

South Africa Report on the Observance of Standards and Codes : Accounting and Auditing

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