The Kyrgyz Republic : Accounting and Auditing
This report provides an assessment of accounting, financial reporting, and auditing requirements and practices within the enterprise and financial sectors in the Kyrgyz Republic. The report uses International Financial Reporting Standards (IFRS) an...
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| Format: | Accounting and Auditing Assessment (ROSC) |
| Language: | English en_US |
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Washington, DC
2012
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2008/11/10034693/kyrgyz-republic-report-observance-standards-codes-rosc-accounting-auditing http://hdl.handle.net/10986/7974 |
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okr-10986-7974 |
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| recordtype |
oai_dc |
| 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 |
ACCESS TO FINANCIAL INFORMATION ACCOUNT ACCOUNTABILITY ACCOUNTANCY ACCOUNTANTS ACCOUNTING ACCOUNTING POLICIES ACCOUNTING PRACTICES ACCOUNTING RECORDS ACCOUNTING REFORM ACCOUNTING RULES ACCOUNTING SERVICES ACCOUNTING STANDARDS ACCOUNTS ADB AUDIT EVIDENCE AUDIT REPORTS AUDITED FINANCIAL STATEMENTS AUDITING AUDITING PROCEDURES AUDITING PROFESSION AUDITING STANDARDS AUDITORS AUDITS BALANCE SHEET BALANCE SHEETS BANK BRANCHES BANK HOLDING COMPANIES BANK LOANS BANKING LAWS BANKING LEGISLATION BANKING SECTOR BANKING SECTOR REFORMS BANKING SUPERVISION BANKRUPTCY BANKS BEST PRACTICE BROCHURE BUSINESS COMMUNITIES BUSINESS COMMUNITY BUSINESS INFORMATION BUSINESS OPERATIONS BUSINESS PLAN BUSINESS PLANS CAPITAL REQUIREMENTS CASH ACCOUNTING CASH FLOW CASH FLOWS CERTIFIED PUBLIC ACCOUNTANT CHARTS OF ACCOUNTS COLLATERAL COMMERCIAL BANKS COMMERCIAL ENTERPRISES CONSOLIDATED FINANCIAL STATEMENTS CONSUMER COOPERATIVES COST OF CAPITAL CREDIT UNIONS CREDITORS CURRICULA DEBTS DIRECT INVESTMENT DISCLOSURE REQUIREMENTS DOMESTIC CREDIT ECONOMIC ACTIVITIES ECONOMIC DEVELOPMENT ECONOMIC DEVELOPMENTS ECONOMICS EDUCATION EDUCATION PROGRAMS EDUCATION STANDARD EDUCATION STANDARDS EDUCATIONAL PROGRAMS EXTERNAL AUDITORS EXTERNAL FINANCING FINANCIAL ANALYSIS FINANCIAL INFORMATION FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL MARKET FINANCIAL MARKETS FINANCIAL REPORTING FINANCIAL REPORTING STANDARDS FINANCIAL SECTORS FINANCIAL STATEMENTS FINANCING SOURCES FISCAL PERFORMANCE FOREIGN BANKS FORM OF INVESTMENT GENERAL PUBLIC GOOD PRACTICE GOOD PRACTICES GOVERNMENT PENSION INCOME INCOME STATEMENTS INSURANCE INSURANCE COMPANIES INTERNATIONAL ACCOUNTING STANDARDS INTERNATIONAL ACCOUNTING STANDARDS COMMITTEE LARGE COMPANIES LAWS LEGAL ADVICE LEGAL FRAMEWORK LEGISLATION LIABILITY LIFE INSURANCE LOAN MACROECONOMIC PERFORMANCE MARKET DISCIPLINE MICROFINANCE NATIONAL BANK PEER REVIEW PENALTIES PENSION FUND PENSION FUNDS PRINT MEDIA PRIVATE PENSION PRIVATE PENSION FUND PROFESSIONAL ASSOCIATION PROFESSIONAL ASSOCIATIONS PUBLIC DISCLOSURE PUBLIC SERVICES QUALITY ASSURANCE QUALITY AUDITS QUALITY CONTROL REGULATORY FRAMEWORK REGULATORY REPORTS REORGANIZATION RESPONSIBILITIES RETIRED SECURITIES SENIOR SMALL BANKS STAKEHOLDER STAKEHOLDERS STATE PENSION STATUTORY AUDITORS STOCK EXCHANGE SUBSIDIARIES TAXABLE INCOME TAXATION TERMINATION TRAINING MATERIALS VALUATION |
| spellingShingle |
ACCESS TO FINANCIAL INFORMATION ACCOUNT ACCOUNTABILITY ACCOUNTANCY ACCOUNTANTS ACCOUNTING ACCOUNTING POLICIES ACCOUNTING PRACTICES ACCOUNTING RECORDS ACCOUNTING REFORM ACCOUNTING RULES ACCOUNTING SERVICES ACCOUNTING STANDARDS ACCOUNTS ADB AUDIT EVIDENCE AUDIT REPORTS AUDITED FINANCIAL STATEMENTS AUDITING AUDITING PROCEDURES AUDITING PROFESSION AUDITING STANDARDS AUDITORS AUDITS BALANCE SHEET BALANCE SHEETS BANK BRANCHES BANK HOLDING COMPANIES BANK LOANS BANKING LAWS BANKING LEGISLATION BANKING SECTOR BANKING SECTOR REFORMS BANKING SUPERVISION BANKRUPTCY BANKS BEST PRACTICE BROCHURE BUSINESS COMMUNITIES BUSINESS COMMUNITY BUSINESS INFORMATION BUSINESS OPERATIONS BUSINESS PLAN BUSINESS PLANS CAPITAL REQUIREMENTS CASH ACCOUNTING CASH FLOW CASH FLOWS CERTIFIED PUBLIC ACCOUNTANT CHARTS OF ACCOUNTS COLLATERAL COMMERCIAL BANKS COMMERCIAL ENTERPRISES CONSOLIDATED FINANCIAL STATEMENTS CONSUMER COOPERATIVES COST OF CAPITAL CREDIT UNIONS CREDITORS CURRICULA DEBTS DIRECT INVESTMENT DISCLOSURE REQUIREMENTS DOMESTIC CREDIT ECONOMIC ACTIVITIES ECONOMIC DEVELOPMENT ECONOMIC DEVELOPMENTS ECONOMICS EDUCATION EDUCATION PROGRAMS EDUCATION STANDARD EDUCATION STANDARDS EDUCATIONAL PROGRAMS EXTERNAL AUDITORS EXTERNAL FINANCING FINANCIAL ANALYSIS FINANCIAL INFORMATION FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL MARKET FINANCIAL MARKETS FINANCIAL REPORTING FINANCIAL REPORTING STANDARDS FINANCIAL SECTORS FINANCIAL STATEMENTS FINANCING SOURCES FISCAL PERFORMANCE FOREIGN BANKS FORM OF INVESTMENT GENERAL PUBLIC GOOD PRACTICE GOOD PRACTICES GOVERNMENT PENSION INCOME INCOME STATEMENTS INSURANCE INSURANCE COMPANIES INTERNATIONAL ACCOUNTING STANDARDS INTERNATIONAL ACCOUNTING STANDARDS COMMITTEE LARGE COMPANIES LAWS LEGAL ADVICE LEGAL FRAMEWORK LEGISLATION LIABILITY LIFE INSURANCE LOAN MACROECONOMIC PERFORMANCE MARKET DISCIPLINE MICROFINANCE NATIONAL BANK PEER REVIEW PENALTIES PENSION FUND PENSION FUNDS PRINT MEDIA PRIVATE PENSION PRIVATE PENSION FUND PROFESSIONAL ASSOCIATION PROFESSIONAL ASSOCIATIONS PUBLIC DISCLOSURE PUBLIC SERVICES QUALITY ASSURANCE QUALITY AUDITS QUALITY CONTROL REGULATORY FRAMEWORK REGULATORY REPORTS REORGANIZATION RESPONSIBILITIES RETIRED SECURITIES SENIOR SMALL BANKS STAKEHOLDER STAKEHOLDERS STATE PENSION STATUTORY AUDITORS STOCK EXCHANGE SUBSIDIARIES TAXABLE INCOME TAXATION TERMINATION TRAINING MATERIALS VALUATION World Bank The Kyrgyz Republic : Accounting and Auditing |
| geographic_facet |
Europe and Central Asia Asia Central Asia Commonwealth of Independent States Eastern Europe Kyrgyz Republic |
| description |
This report provides an assessment of
accounting, financial reporting, and auditing requirements
and practices within the enterprise and financial sectors in
the Kyrgyz Republic. The report uses International Financial
Reporting Standards (IFRS) and International Standards on
Auditing (ISA) as benchmarks and draws on international
experience and good practices in the field of accounting and
audit regulation to assess the quality of financial
information and make policy recommendations. The main
finding of this report is that enhancements in accounting
and auditing legislation have often not been carried through
to improvements in practice. Greater efforts need to be made
to apply and enforce legal requirements properly.
Compounding this challenge is the lack of compliance with
existing public disclosure requirements and there is a need
for greater public availability of financial information.
Otherwise, even if accounting and auditing improves, users
will not be able to access and make use of this information,
reducing the overall benefits to society and the potential
for private-sector-led economic growth. The Kyrgyz economy
has achieved moderate growth (5.4 percent in 2004, -0.2
percent in 2005, and 2.7 percent in 2006); however, in order
to enhance growth, promote further economic development, and
decrease the cost of capital, additional reforms in
accounting and auditing are required to produce financial
information of high quality. |
| format |
Economic & Sector Work :: Accounting and Auditing Assessment (ROSC) |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
The Kyrgyz Republic : Accounting and Auditing |
| title_short |
The Kyrgyz Republic : Accounting and Auditing |
| title_full |
The Kyrgyz Republic : Accounting and Auditing |
| title_fullStr |
The Kyrgyz Republic : Accounting and Auditing |
| title_full_unstemmed |
The Kyrgyz Republic : Accounting and Auditing |
| title_sort |
kyrgyz republic : accounting and auditing |
| publisher |
Washington, DC |
| publishDate |
2012 |
| url |
http://documents.worldbank.org/curated/en/2008/11/10034693/kyrgyz-republic-report-observance-standards-codes-rosc-accounting-auditing http://hdl.handle.net/10986/7974 |
| _version_ |
1764402869670248448 |
| spelling |
okr-10986-79742021-04-23T14:02:35Z The Kyrgyz Republic : Accounting and Auditing World Bank ACCESS TO FINANCIAL INFORMATION ACCOUNT ACCOUNTABILITY ACCOUNTANCY ACCOUNTANTS ACCOUNTING ACCOUNTING POLICIES ACCOUNTING PRACTICES ACCOUNTING RECORDS ACCOUNTING REFORM ACCOUNTING RULES ACCOUNTING SERVICES ACCOUNTING STANDARDS ACCOUNTS ADB AUDIT EVIDENCE AUDIT REPORTS AUDITED FINANCIAL STATEMENTS AUDITING AUDITING PROCEDURES AUDITING PROFESSION AUDITING STANDARDS AUDITORS AUDITS BALANCE SHEET BALANCE SHEETS BANK BRANCHES BANK HOLDING COMPANIES BANK LOANS BANKING LAWS BANKING LEGISLATION BANKING SECTOR BANKING SECTOR REFORMS BANKING SUPERVISION BANKRUPTCY BANKS BEST PRACTICE BROCHURE BUSINESS COMMUNITIES BUSINESS COMMUNITY BUSINESS INFORMATION BUSINESS OPERATIONS BUSINESS PLAN BUSINESS PLANS CAPITAL REQUIREMENTS CASH ACCOUNTING CASH FLOW CASH FLOWS CERTIFIED PUBLIC ACCOUNTANT CHARTS OF ACCOUNTS COLLATERAL COMMERCIAL BANKS COMMERCIAL ENTERPRISES CONSOLIDATED FINANCIAL STATEMENTS CONSUMER COOPERATIVES COST OF CAPITAL CREDIT UNIONS CREDITORS CURRICULA DEBTS DIRECT INVESTMENT DISCLOSURE REQUIREMENTS DOMESTIC CREDIT ECONOMIC ACTIVITIES ECONOMIC DEVELOPMENT ECONOMIC DEVELOPMENTS ECONOMICS EDUCATION EDUCATION PROGRAMS EDUCATION STANDARD EDUCATION STANDARDS EDUCATIONAL PROGRAMS EXTERNAL AUDITORS EXTERNAL FINANCING FINANCIAL ANALYSIS FINANCIAL INFORMATION FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL MARKET FINANCIAL MARKETS FINANCIAL REPORTING FINANCIAL REPORTING STANDARDS FINANCIAL SECTORS FINANCIAL STATEMENTS FINANCING SOURCES FISCAL PERFORMANCE FOREIGN BANKS FORM OF INVESTMENT GENERAL PUBLIC GOOD PRACTICE GOOD PRACTICES GOVERNMENT PENSION INCOME INCOME STATEMENTS INSURANCE INSURANCE COMPANIES INTERNATIONAL ACCOUNTING STANDARDS INTERNATIONAL ACCOUNTING STANDARDS COMMITTEE LARGE COMPANIES LAWS LEGAL ADVICE LEGAL FRAMEWORK LEGISLATION LIABILITY LIFE INSURANCE LOAN MACROECONOMIC PERFORMANCE MARKET DISCIPLINE MICROFINANCE NATIONAL BANK PEER REVIEW PENALTIES PENSION FUND PENSION FUNDS PRINT MEDIA PRIVATE PENSION PRIVATE PENSION FUND PROFESSIONAL ASSOCIATION PROFESSIONAL ASSOCIATIONS PUBLIC DISCLOSURE PUBLIC SERVICES QUALITY ASSURANCE QUALITY AUDITS QUALITY CONTROL REGULATORY FRAMEWORK REGULATORY REPORTS REORGANIZATION RESPONSIBILITIES RETIRED SECURITIES SENIOR SMALL BANKS STAKEHOLDER STAKEHOLDERS STATE PENSION STATUTORY AUDITORS STOCK EXCHANGE SUBSIDIARIES TAXABLE INCOME TAXATION TERMINATION TRAINING MATERIALS VALUATION This report provides an assessment of accounting, financial reporting, and auditing requirements and practices within the enterprise and financial sectors in the Kyrgyz Republic. The report uses International Financial Reporting Standards (IFRS) and International Standards on Auditing (ISA) as benchmarks and draws on international experience and good practices in the field of accounting and audit regulation to assess the quality of financial information and make policy recommendations. The main finding of this report is that enhancements in accounting and auditing legislation have often not been carried through to improvements in practice. Greater efforts need to be made to apply and enforce legal requirements properly. Compounding this challenge is the lack of compliance with existing public disclosure requirements and there is a need for greater public availability of financial information. Otherwise, even if accounting and auditing improves, users will not be able to access and make use of this information, reducing the overall benefits to society and the potential for private-sector-led economic growth. The Kyrgyz economy has achieved moderate growth (5.4 percent in 2004, -0.2 percent in 2005, and 2.7 percent in 2006); however, in order to enhance growth, promote further economic development, and decrease the cost of capital, additional reforms in accounting and auditing are required to produce financial information of high quality. 2012-06-14T13:46:00Z 2012-06-14T13:46:00Z 2008-11 http://documents.worldbank.org/curated/en/2008/11/10034693/kyrgyz-republic-report-observance-standards-codes-rosc-accounting-auditing http://hdl.handle.net/10986/7974 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Washington, DC Economic & Sector Work :: Accounting and Auditing Assessment (ROSC) Economic & Sector Work Europe and Central Asia Asia Central Asia Commonwealth of Independent States Eastern Europe Kyrgyz Republic |