Report on the Observance of Standards and Codes, Accounting and Auditing : Module B - Institutional Framework for Corporate Financial Reporting, B.8 Accounting Standard-setting
The purpose of this report is to gain an understanding of the governance arrangements and procedures for setting accounting and financial reporting standards in a jurisdiction, covering: (a) the adoption of International Financial Reporting Standar...
| Main Author: | |
|---|---|
| Format: | Report |
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2017
|
| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/872131487930646428/Report-on-the-Observance-of-Standards-and-Codes-ROSC-Accounting-and-Auditing-A-A-module-B-institutional-framework-for-corporate-financial-reporting-B-8-accounting-standard-setting http://hdl.handle.net/10986/26230 |
| Summary: | The purpose of this report is to gain an
understanding of the governance arrangements and procedures
for setting accounting and financial reporting standards in
a jurisdiction, covering: (a) the adoption of International
Financial Reporting Standards (IFRS) where applicable, and
(b) national generally accepted accounting principles
(GAAP). The questions are based on examples of good practice
followed by internationally-recognized standard-setting
bodies. The report is structured as follows: institutional
environment for standard-setting; adoption of IFRS; standard
-setting process for national auditing standards; and other
aspects of the standard-setting process. |
|---|