Kingdom of Bhutan - Public Sector Accounting and Auditing : A Comparison to International Standards
The objectives of this report are: (a) to provide the country's accounting and audit authorities and other interested stakeholders with a common well-founded knowledge as to where local practices stand in accordance with the internationally de...
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| Format: | Country Financial Accountability Assessment |
| Language: | English |
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Washington, DC
2012
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| Online Access: | http://documents.worldbank.org/curated/en/2007/04/7607009/bhutan-public-sector-accounting-auditing-comparison-international-standards http://hdl.handle.net/10986/7681 |
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okr-10986-76812021-04-23T14:02:37Z Kingdom of Bhutan - Public Sector Accounting and Auditing : A Comparison to International Standards World Bank ACCOUNTING STANDARDS ACCOUNTING SYSTEMS ANNUAL REPORT ANNUAL REPORTS APPROPRIATIONS AUDITED FINANCIAL STATEMENTS AUDITING AUDITING STANDARDS BUDGET FORMULATION BUDGET MONITORING BUDGET PERFORMANCE COMPUTER SYSTEMS DESCRIPTION DISCLOSURE FINANCIAL ACCOUNTABILITY FINANCIAL INFORMATION FINANCIAL MANAGEMENT FINANCIAL REPORTING FINANCIAL REPORTING STANDARDS GENERALLY ACCEPTED ACCOUNTING PRINCIPLES GOVERNMENT SPENDING INSTITUTIONAL FRAMEWORK INTERNAL AUDITS OUTREACH PROVISIONS PUBLIC PUBLIC ENTERPRISES PUBLIC EXPENDITURE PUBLIC FINANCE PUBLIC FINANCIAL MANAGEMENT PUBLIC SECTOR PUBLIC SECTOR ACCOUNTING PUBLIC SECTOR ORGANIZATIONS PUBLIC SECTORS PUBLIC SERVICE PUBLIC SERVICE COMMISSION TRANSPARENCY USERS The objectives of this report are: (a) to provide the country's accounting and audit authorities and other interested stakeholders with a common well-founded knowledge as to where local practices stand in accordance with the internationally developed standards of financial reporting and audit; (b) to assess the prevailing variances; (c) to chart paths to reduce the variances; and (d) to provide a continuing basis for measuring improvements. The analysis in this report has been conducted in light of the strong measures being taken in the Kingdom of Bhutan to reform the accounting and auditing processes. The report addresses several issues such as: adopting international accounting standards in major public enterprises; implementing professional leadership in accounting and financial management; implementing a fully integrated, computerized government accounting system; drafting new acts on public financial management and combating corruption; strengthening the Royal Institute of Management (RIM); and providing training for finance, accounting, and internal audit staff in line ministries and other government agencies, heads of administration and finance divisions, and other managers 2012-06-11T18:14:45Z 2012-06-11T18:14:45Z 2007-04 http://documents.worldbank.org/curated/en/2007/04/7607009/bhutan-public-sector-accounting-auditing-comparison-international-standards http://hdl.handle.net/10986/7681 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Washington, DC Economic & Sector Work :: Country Financial Accountability Assessment Economic & Sector Work South Asia Bhutan |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
ACCOUNTING STANDARDS ACCOUNTING SYSTEMS ANNUAL REPORT ANNUAL REPORTS APPROPRIATIONS AUDITED FINANCIAL STATEMENTS AUDITING AUDITING STANDARDS BUDGET FORMULATION BUDGET MONITORING BUDGET PERFORMANCE COMPUTER SYSTEMS DESCRIPTION DISCLOSURE FINANCIAL ACCOUNTABILITY FINANCIAL INFORMATION FINANCIAL MANAGEMENT FINANCIAL REPORTING FINANCIAL REPORTING STANDARDS GENERALLY ACCEPTED ACCOUNTING PRINCIPLES GOVERNMENT SPENDING INSTITUTIONAL FRAMEWORK INTERNAL AUDITS OUTREACH PROVISIONS PUBLIC PUBLIC ENTERPRISES PUBLIC EXPENDITURE PUBLIC FINANCE PUBLIC FINANCIAL MANAGEMENT PUBLIC SECTOR PUBLIC SECTOR ACCOUNTING PUBLIC SECTOR ORGANIZATIONS PUBLIC SECTORS PUBLIC SERVICE PUBLIC SERVICE COMMISSION TRANSPARENCY USERS |
| spellingShingle |
ACCOUNTING STANDARDS ACCOUNTING SYSTEMS ANNUAL REPORT ANNUAL REPORTS APPROPRIATIONS AUDITED FINANCIAL STATEMENTS AUDITING AUDITING STANDARDS BUDGET FORMULATION BUDGET MONITORING BUDGET PERFORMANCE COMPUTER SYSTEMS DESCRIPTION DISCLOSURE FINANCIAL ACCOUNTABILITY FINANCIAL INFORMATION FINANCIAL MANAGEMENT FINANCIAL REPORTING FINANCIAL REPORTING STANDARDS GENERALLY ACCEPTED ACCOUNTING PRINCIPLES GOVERNMENT SPENDING INSTITUTIONAL FRAMEWORK INTERNAL AUDITS OUTREACH PROVISIONS PUBLIC PUBLIC ENTERPRISES PUBLIC EXPENDITURE PUBLIC FINANCE PUBLIC FINANCIAL MANAGEMENT PUBLIC SECTOR PUBLIC SECTOR ACCOUNTING PUBLIC SECTOR ORGANIZATIONS PUBLIC SECTORS PUBLIC SERVICE PUBLIC SERVICE COMMISSION TRANSPARENCY USERS World Bank Kingdom of Bhutan - Public Sector Accounting and Auditing : A Comparison to International Standards |
| geographic_facet |
South Asia Bhutan |
| description |
The objectives of this report are: (a)
to provide the country's accounting and audit
authorities and other interested stakeholders with a common
well-founded knowledge as to where local practices stand in
accordance with the internationally developed standards of
financial reporting and audit; (b) to assess the prevailing
variances; (c) to chart paths to reduce the variances; and
(d) to provide a continuing basis for measuring
improvements. The analysis in this report has been conducted
in light of the strong measures being taken in the Kingdom
of Bhutan to reform the accounting and auditing processes.
The report addresses several issues such as: adopting
international accounting standards in major public
enterprises; implementing professional leadership in
accounting and financial management; implementing a fully
integrated, computerized government accounting system;
drafting new acts on public financial management and
combating corruption; strengthening the Royal Institute of
Management (RIM); and providing training for finance,
accounting, and internal audit staff in line ministries and
other government agencies, heads of administration and
finance divisions, and other managers |
| format |
Economic & Sector Work :: Country Financial Accountability Assessment |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
Kingdom of Bhutan - Public Sector Accounting and Auditing : A Comparison to International Standards |
| title_short |
Kingdom of Bhutan - Public Sector Accounting and Auditing : A Comparison to International Standards |
| title_full |
Kingdom of Bhutan - Public Sector Accounting and Auditing : A Comparison to International Standards |
| title_fullStr |
Kingdom of Bhutan - Public Sector Accounting and Auditing : A Comparison to International Standards |
| title_full_unstemmed |
Kingdom of Bhutan - Public Sector Accounting and Auditing : A Comparison to International Standards |
| title_sort |
kingdom of bhutan - public sector accounting and auditing : a comparison to international standards |
| publisher |
Washington, DC |
| publishDate |
2012 |
| url |
http://documents.worldbank.org/curated/en/2007/04/7607009/bhutan-public-sector-accounting-auditing-comparison-international-standards http://hdl.handle.net/10986/7681 |
| _version_ |
1764403835447541760 |