Afghanistan : Report on Observance of Standards and Codes - Accounting and Auditing

This report is based on a review of the strengths and weaknesses of corporate accounting and auditing practices in Afghanistan. It forms part of a joint initiative between the World Bank and the International Monetary Fund (IMF) on Reports on the O...

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Bibliographic Details
Main Author:	World Bank
Format:	Accounting and Auditing Assessment (ROSC)
Language:	English
Published:	World Bank 2012
Subjects:	ACCOUNT ACCOUNTANCY ACCOUNTANTS ACCOUNTING ACCOUNTING FIRM ACCOUNTING POLICIES ACCOUNTING PRINCIPLES ACCOUNTING REFORM ACCOUNTS ACCRUAL ACCOUNTING ADB AMOUNT OF COLLATERAL ARBITRATION ARBITRATION LAW AUDIT REPORTS AUDITED FINANCIAL STATEMENTS AUDITING AUDITING PROFESSION AUDITING STANDARDS AUDITORS AUDITS BALANCE SHEET BANK BORROWING BANK LENDING BANK LENDING POLICIES BANKING LAW BANKING LAWS BANKING SECTOR BANKING SUPERVISION BANKS BORROWER BORROWING COSTS BUSINESS COMMUNITY BUSINESS ETHICS BUSINESS FORECASTS BUSINESS PLANS CAPACITY ENHANCEMENT CAPITAL STRUCTURE CASH FLOW CASH FLOW STATEMENTS CENTRAL BANK CIVIL CODE COMMERCIAL BANKS COMMERCIAL CODE COMMERCIAL LAWS CONFLICT OF INTEREST CONSOLIDATED FINANCIAL STATEMENTS CORPORATE GOVERNANCE CORPORATE LAW CORPORATE LAWS CORPORATE REGISTRY CREDITOR CREDITOR RIGHTS CURRENCY DEBT DEPOSIT DEVELOPMENT BANK DISCLAIMER OF OPINION DOMESTIC BANK DUE DILIGENCE ECONOMIC STABILITY ENFORCEMENT MECHANISMS EQUIPMENT EQUITY MARKETS EXPENDITURE EXTERNAL AUDITORS FAIR VALUE FINANCIAL INFORMATION FINANCIAL INSTITUTIONS FINANCIAL INSTRUMENTS FINANCIAL MANAGEMENT FINANCIAL PERFORMANCE FINANCIAL REPORTING FINANCIAL REPORTING STANDARDS FINANCIAL SYSTEM FINANCIAL YEARS FOREIGN DIRECT INVESTMENT FOREIGN INVESTMENT FOREIGN INVESTORS GAAP GOOD PRACTICE GOOD PRACTICES GROSS DOMESTIC PRODUCT HUMAN RESOURCE IMAGE IMMOVABLE PROPERTIES IMMOVABLE PROPERTY INCOME STATEMENTS INCOME TAX INCOME TAXES INDUSTRIAL BANKS INSTITUTIONAL CAPACITY INSTRUMENT INSURANCE INSURANCE COMPANIES INTANGIBLE INTANGIBLE ASSETS INTEREST RATES INTERNATIONAL ACCOUNTING STANDARDS INTERNATIONAL ACCOUNTING STANDARDS COMMITTEE INTERNATIONAL DEVELOPMENT INTERNATIONAL DEVELOPMENTS INTERNATIONAL FINANCE INTERNATIONAL STANDARDS INVENTORIES INVESTMENT POLICIES ISLAMIC LAW ISSUANCE JUDICIAL REFORM LAWS LEGAL PROVISIONS LEGAL REFORM LEGAL SYSTEM LEGISLATION LENDING DECISIONS LIMITED LIABILITIES LIMITED LIABILITY LLC LOAN LOAN APPLICATION LOCAL BUSINESSES LOCAL CAPACITY LOCAL ECONOMY LOCAL ENTERPRISES MICRO ENTERPRISES MONETARY FUND MUNICIPALITIES NEGOTIABLE INSTRUMENTS NET PROFIT NON-PERFORMING LOANS PENALTIES PRIVATE BANK PRIVATE INVESTMENT PRIVATIZATION PRUDENTIAL REGULATIONS QUALITY ASSURANCE QUALITY CONTROL REGISTRATION PROCESS REGULATORY OVERSIGHT REGULATORY STANDARDS RETIREMENT RETURNS SECURITIES SECURITIES REGULATION SHAREHOLDERS SUBSIDIARIES TAX TAX CONCESSION TECHNICAL ASSISTANCE TERRORISM TRADING TRANSPARENCY TRUSTEES
Online Access:	http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000333037_20101013003144 http://hdl.handle.net/10986/3200

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Summary:	This report is based on a review of the strengths and weaknesses of corporate accounting and auditing practices in Afghanistan. It forms part of a joint initiative between the World Bank and the International Monetary Fund (IMF) on Reports on the Observance of Standards and Codes (ROSC), which covers a set of twelve internationally recognized core standards and codes relevant to economic stability and private and financial sector development. The review involved the assessment of actual practices and an analysis of the effectiveness of monitoring and enforcement mechanisms, in the area of corporate accounting and auditing in Afghanistan. International Financial Reporting Standards (IFRS) and International Standards on Auditing (ISA) served as benchmarks for evaluating comparability of locally applicable accounting and auditing requirements. The review used a diagnostic template developed by the World Bank to facilitate collection of information. The information was complemented by the findings of a due diligence exercise, based on a series of meetings with key stakeholders, conducted by World Bank staff and consultants.

Afghanistan : Report on Observance of Standards and Codes - Accounting and Auditing

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