Report on the Observance of Standards and Codes, Accounting and Auditing : Revision of the Diagnostic Tool - Summary Note
The Reports on the Observance of Standards and Codes (ROSC) Accounting and Auditing (A&A) program is a part of the joint World Bank-International Monetary Fund (IMF) initiative on assisting member countries to strengthen their financial system...
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| Format: | Report |
| Language: | English en_US |
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World Bank, Washington, DC
2017
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| Online Access: | http://documents.worldbank.org/curated/en/720681487918342390/Report-on-the-Observance-of-Standards-and-Codes-ROSC-Accounting-and-Auditing-A-A-revision-of-the-diagnostic-tool-summary-note http://hdl.handle.net/10986/26219 |
| Summary: | The Reports on the Observance of
Standards and Codes (ROSC) Accounting and Auditing (A&A)
program is a part of the joint World Bank-International
Monetary Fund (IMF) initiative on assisting member countries
to strengthen their financial system by improving their
capacity to comply with important internationally recognized
standards and codes. The ROSC A&A diagnostic tool was
first developed in 2001. Whilst a number of relatively
limited amendments and updates have been introduced over the
years, this recent project is the first detailed revision of
the tool. The purpose of this note is to provide an overview
of the key changes to the diagnostic tool. In revising the
diagnostic tool, the Bank pursued two main objectives: (i)
update and improve the existing four-part diagnostic tool to
allow task teams to assess corporate sector A&A
practices in a manner that is consistent and comprehensive;
and (ii) develop a set of guidelines to help teams in
planning and conducting ROSC A&A assessments using the
revised diagnostic tool. |
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