Republic of Tunisia : Accounting and Auditing

This report provides an assessment of accounting, financial reporting, and auditing requirements and practices within the enterprise and financial sectors in Tunisia. The analysis of practices is based among others on the review of a sample of 16 financial statements prepared in accordance with Tuni...

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Main Author:	World Bank
Format:	Accounting and Auditing Assessment (ROSC)
Language:	English en_US
Published:	Washington, DC 2012
Subjects:	ACCOUNT ACCOUNTABILITY ACCOUNTANCY ACCOUNTANT ACCOUNTANTS ACCOUNTING ACCOUNTING DOCUMENTS ACCOUNTING PERIODS ACCOUNTING POLICIES ACCOUNTING PRINCIPLES ACCOUNTING RECORDS ACCOUNTING STANDARD ACCOUNTING STANDARDS ACCOUNTING TREATMENT ACCOUNTS AFFILIATED COMPANIES AFFILIATES ASSESSMENT PROCEDURES ASSET VALUE AUDIT COMMITTEE AUDIT REPORTS AUDITED FINANCIAL STATEMENTS AUDITING AUDITING STANDARDS AUDITORS AUDITS BAD DEBT BAD DEBT LOSSES BALANCE SHEET BALANCE SHEETS BANK ACCOUNTING BANK ASSETS BANKING SECTOR BANKING SUPERVISION BENEFICIARIES BEST PRACTICES BOND BORROWER BORROWING BOURSE BROKER BUDGETING CALCULATION CAPACITY BUILDING CAPITAL FUNDS CAPITAL MARKET CAPITAL MARKETS CASH FLOW CENTRAL BANK CENTRAL BANK OF TUNISIA COLLATERAL COLLECTIVE INVESTMENT COMMERCIAL BANKS COMMERCIAL CODE COMPANY LAW COMPLIANCE GAP CONFLICTS OF INTERESTS CONSOLIDATED FINANCIAL STATEMENTS CONSOLIDATION CONTRIBUTION CORPORATE BORROWERS CORPORATE GOVERNANCE COST OF CAPITAL CREDIBILITY CREDIT INSTITUTION CREDIT INSTITUTIONS CREDITORS CUSTODY DEBT DEBT SECURITIES DEBT SERVICE DEBTOR DEBTS DEPOSITORS DEPRECIATION DEVELOPMENT BANK DISCLOSURE REQUIREMENTS DISCOUNTED CASH FLOW EARNINGS EARNINGS PER SHARE EDUCATION STANDARD EDUCATION STANDARDS EMPLOYMENT ENFORCEABILITY EQUALIZATION EQUITY SECURITY EQUITY STAKES EQUITY SWAP EXCHANGE RATES FACTORING FAIR VALUE FINANCIAL ACCOUNTING FINANCIAL INFORMATION FINANCIAL INSTITUTIONS FINANCIAL INSTRUMENT FINANCIAL INSTRUMENTS FINANCIAL MANAGEMENT FINANCIAL MARKET FINANCIAL MARKETS FINANCIAL PERFORMANCE FINANCIAL POSITION FINANCIAL RATIOS FINANCIAL RELATIONSHIPS FINANCIAL REPORTING FINANCIAL REPORTING STANDARDS FINANCIAL RESTRUCTURING FINANCIAL SECTOR FINANCIAL SECTORS FINANCIAL SECURITY FINANCIAL SITUATION FINANCIAL STATEMENT FINANCIAL STATEMENTS FINANCIAL SYSTEM FIXED ASSETS FOREIGN CURRENCY FOREIGN DIRECT INVESTMENT FOREIGN EQUITY FOREIGN EXCHANGE FOREIGN INVESTMENT FUTURE CASH FLOWS GENERAL PUBLIC GOOD PRACTICES GROSS DOMESTIC PRODUCT HOLDINGS INCOME INCOME TAXES INDIVIDUAL INVESTORS INFORMATION SYSTEMS INSTITUTIONAL CAPACITY INSTITUTIONAL INVESTORS INSURANCE INSURANCE COMPANIES INSURANCE COMPANY INSURANCE POLICY INSURANCE PREMIUMS INTEREST RATE INTERNAL CONTROLS INTERNATIONAL ACCOUNTING STANDARDS INTERNATIONAL ACCOUNTING STANDARDS COMMITTEE INTERNATIONAL STANDARDS INVESTMENT FUND INVESTMENT FUNDS JOB CREATION JOINT STOCK COMPANIES JOINT STOCK COMPANY LARGE COMPANIES LARGE ENTERPRISES LAWS LEASE PAYMENTS LEGAL ADVICE LEGAL TRADITION LEGAL TRADITIONS LEGISLATION LENDERS LENDING DECISION LENDING DECISIONS LEVY LIABILITY ARRANGEMENTS LIABILITY SIDE LIFE INSURANCE LIFE INSURANCE POLICIES LIMITED LIABILITY LOAN MARKET CAPITALIZATION MARKET PARTICIPANTS MARKET REQUIREMENTS MARKET TRANSPARENCY MARKET VALUE MARKETING MEDIUM ENTERPRISES MERCHANT BANKS MICRO ENTERPRISES MICRO-ENTERPRISES MONETARY FUND NET ASSET OFFSHORE BANKS OUTSTANDING DEBT PARENT COMPANIES PARENT COMPANY PENALTIES PENSION PENSION FUNDS PORTFOLIO PORTFOLIO INVESTMENT PRESENT VALUE PRIVATIZATION PROCUREMENT PROFITABILITY PROTECTION OF INVESTORS PRUDENTIAL REQUIREMENTS PUBLIC ENTERPRISES PUBLIC OFFERING PUBLIC SAVING PUBLIC SAVINGS PURCHASING QUALITY ASSURANCE REAL ESTATE REGULATORY FRAMEWORK REGULATORY STANDARDS RESERVE RESERVES RETURNS SECURITIES SECURITIES MARKET SELF-REGULATION SHARE CAPITAL SHAREHOLDER SHAREHOLDERS STAKEHOLDER STAKEHOLDERS STATUTORY AUDITORS STOCK EXCHANGE STOCK MARKET STOCKS SUBSIDIARIES SUPERVISORY BOARD TANGIBLE ASSETS TAX TAX RULES TAXABLE INCOME TAXATION TOTAL COSTS TRANSPARENCY TURNOVER VALUATION WORLD MARKET
Online Access:	http://documents.worldbank.org/curated/en/2006/10/10038415/republic-tunisia-report-observance-standards-codes-rosc-accounting-auditing http://hdl.handle.net/10986/8145

id	okr-10986-8145
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	ACCOUNT ACCOUNTABILITY ACCOUNTANCY ACCOUNTANT ACCOUNTANTS ACCOUNTING ACCOUNTING DOCUMENTS ACCOUNTING PERIODS ACCOUNTING POLICIES ACCOUNTING PRINCIPLES ACCOUNTING RECORDS ACCOUNTING STANDARD ACCOUNTING STANDARDS ACCOUNTING TREATMENT ACCOUNTS AFFILIATED COMPANIES AFFILIATES ASSESSMENT PROCEDURES ASSET VALUE AUDIT COMMITTEE AUDIT REPORTS AUDITED FINANCIAL STATEMENTS AUDITING AUDITING STANDARDS AUDITORS AUDITS BAD DEBT BAD DEBT LOSSES BALANCE SHEET BALANCE SHEETS BANK ACCOUNTING BANK ASSETS BANKING SECTOR BANKING SUPERVISION BENEFICIARIES BEST PRACTICES BOND BORROWER BORROWING BOURSE BROKER BUDGETING CALCULATION CAPACITY BUILDING CAPITAL FUNDS CAPITAL MARKET CAPITAL MARKETS CASH FLOW CENTRAL BANK CENTRAL BANK OF TUNISIA COLLATERAL COLLECTIVE INVESTMENT COMMERCIAL BANKS COMMERCIAL CODE COMPANY LAW COMPLIANCE GAP CONFLICTS OF INTERESTS CONSOLIDATED FINANCIAL STATEMENTS CONSOLIDATION CONTRIBUTION CORPORATE BORROWERS CORPORATE GOVERNANCE COST OF CAPITAL CREDIBILITY CREDIT INSTITUTION CREDIT INSTITUTIONS CREDITORS CUSTODY DEBT DEBT SECURITIES DEBT SERVICE DEBTOR DEBTS DEPOSITORS DEPRECIATION DEVELOPMENT BANK DISCLOSURE REQUIREMENTS DISCOUNTED CASH FLOW EARNINGS EARNINGS PER SHARE EDUCATION STANDARD EDUCATION STANDARDS EMPLOYMENT ENFORCEABILITY EQUALIZATION EQUITY SECURITY EQUITY STAKES EQUITY SWAP EXCHANGE RATES FACTORING FAIR VALUE FINANCIAL ACCOUNTING FINANCIAL INFORMATION FINANCIAL INSTITUTIONS FINANCIAL INSTRUMENT FINANCIAL INSTRUMENTS FINANCIAL MANAGEMENT FINANCIAL MARKET FINANCIAL MARKETS FINANCIAL PERFORMANCE FINANCIAL POSITION FINANCIAL RATIOS FINANCIAL RELATIONSHIPS FINANCIAL REPORTING FINANCIAL REPORTING STANDARDS FINANCIAL RESTRUCTURING FINANCIAL SECTOR FINANCIAL SECTORS FINANCIAL SECURITY FINANCIAL SITUATION FINANCIAL STATEMENT FINANCIAL STATEMENTS FINANCIAL SYSTEM FIXED ASSETS FOREIGN CURRENCY FOREIGN DIRECT INVESTMENT FOREIGN EQUITY FOREIGN EXCHANGE FOREIGN INVESTMENT FUTURE CASH FLOWS GENERAL PUBLIC GOOD PRACTICES GROSS DOMESTIC PRODUCT HOLDINGS INCOME INCOME TAXES INDIVIDUAL INVESTORS INFORMATION SYSTEMS INSTITUTIONAL CAPACITY INSTITUTIONAL INVESTORS INSURANCE INSURANCE COMPANIES INSURANCE COMPANY INSURANCE POLICY INSURANCE PREMIUMS INTEREST RATE INTERNAL CONTROLS INTERNATIONAL ACCOUNTING STANDARDS INTERNATIONAL ACCOUNTING STANDARDS COMMITTEE INTERNATIONAL STANDARDS INVESTMENT FUND INVESTMENT FUNDS JOB CREATION JOINT STOCK COMPANIES JOINT STOCK COMPANY LARGE COMPANIES LARGE ENTERPRISES LAWS LEASE PAYMENTS LEGAL ADVICE LEGAL TRADITION LEGAL TRADITIONS LEGISLATION LENDERS LENDING DECISION LENDING DECISIONS LEVY LIABILITY ARRANGEMENTS LIABILITY SIDE LIFE INSURANCE LIFE INSURANCE POLICIES LIMITED LIABILITY LOAN MARKET CAPITALIZATION MARKET PARTICIPANTS MARKET REQUIREMENTS MARKET TRANSPARENCY MARKET VALUE MARKETING MEDIUM ENTERPRISES MERCHANT BANKS MICRO ENTERPRISES MICRO-ENTERPRISES MONETARY FUND NET ASSET OFFSHORE BANKS OUTSTANDING DEBT PARENT COMPANIES PARENT COMPANY PENALTIES PENSION PENSION FUNDS PORTFOLIO PORTFOLIO INVESTMENT PRESENT VALUE PRIVATIZATION PROCUREMENT PROFITABILITY PROTECTION OF INVESTORS PRUDENTIAL REQUIREMENTS PUBLIC ENTERPRISES PUBLIC OFFERING PUBLIC SAVING PUBLIC SAVINGS PURCHASING QUALITY ASSURANCE REAL ESTATE REGULATORY FRAMEWORK REGULATORY STANDARDS RESERVE RESERVES RETURNS SECURITIES SECURITIES MARKET SELF-REGULATION SHARE CAPITAL SHAREHOLDER SHAREHOLDERS STAKEHOLDER STAKEHOLDERS STATUTORY AUDITORS STOCK EXCHANGE STOCK MARKET STOCKS SUBSIDIARIES SUPERVISORY BOARD TANGIBLE ASSETS TAX TAX RULES TAXABLE INCOME TAXATION TOTAL COSTS TRANSPARENCY TURNOVER VALUATION WORLD MARKET
spellingShingle	ACCOUNT ACCOUNTABILITY ACCOUNTANCY ACCOUNTANT ACCOUNTANTS ACCOUNTING ACCOUNTING DOCUMENTS ACCOUNTING PERIODS ACCOUNTING POLICIES ACCOUNTING PRINCIPLES ACCOUNTING RECORDS ACCOUNTING STANDARD ACCOUNTING STANDARDS ACCOUNTING TREATMENT ACCOUNTS AFFILIATED COMPANIES AFFILIATES ASSESSMENT PROCEDURES ASSET VALUE AUDIT COMMITTEE AUDIT REPORTS AUDITED FINANCIAL STATEMENTS AUDITING AUDITING STANDARDS AUDITORS AUDITS BAD DEBT BAD DEBT LOSSES BALANCE SHEET BALANCE SHEETS BANK ACCOUNTING BANK ASSETS BANKING SECTOR BANKING SUPERVISION BENEFICIARIES BEST PRACTICES BOND BORROWER BORROWING BOURSE BROKER BUDGETING CALCULATION CAPACITY BUILDING CAPITAL FUNDS CAPITAL MARKET CAPITAL MARKETS CASH FLOW CENTRAL BANK CENTRAL BANK OF TUNISIA COLLATERAL COLLECTIVE INVESTMENT COMMERCIAL BANKS COMMERCIAL CODE COMPANY LAW COMPLIANCE GAP CONFLICTS OF INTERESTS CONSOLIDATED FINANCIAL STATEMENTS CONSOLIDATION CONTRIBUTION CORPORATE BORROWERS CORPORATE GOVERNANCE COST OF CAPITAL CREDIBILITY CREDIT INSTITUTION CREDIT INSTITUTIONS CREDITORS CUSTODY DEBT DEBT SECURITIES DEBT SERVICE DEBTOR DEBTS DEPOSITORS DEPRECIATION DEVELOPMENT BANK DISCLOSURE REQUIREMENTS DISCOUNTED CASH FLOW EARNINGS EARNINGS PER SHARE EDUCATION STANDARD EDUCATION STANDARDS EMPLOYMENT ENFORCEABILITY EQUALIZATION EQUITY SECURITY EQUITY STAKES EQUITY SWAP EXCHANGE RATES FACTORING FAIR VALUE FINANCIAL ACCOUNTING FINANCIAL INFORMATION FINANCIAL INSTITUTIONS FINANCIAL INSTRUMENT FINANCIAL INSTRUMENTS FINANCIAL MANAGEMENT FINANCIAL MARKET FINANCIAL MARKETS FINANCIAL PERFORMANCE FINANCIAL POSITION FINANCIAL RATIOS FINANCIAL RELATIONSHIPS FINANCIAL REPORTING FINANCIAL REPORTING STANDARDS FINANCIAL RESTRUCTURING FINANCIAL SECTOR FINANCIAL SECTORS FINANCIAL SECURITY FINANCIAL SITUATION FINANCIAL STATEMENT FINANCIAL STATEMENTS FINANCIAL SYSTEM FIXED ASSETS FOREIGN CURRENCY FOREIGN DIRECT INVESTMENT FOREIGN EQUITY FOREIGN EXCHANGE FOREIGN INVESTMENT FUTURE CASH FLOWS GENERAL PUBLIC GOOD PRACTICES GROSS DOMESTIC PRODUCT HOLDINGS INCOME INCOME TAXES INDIVIDUAL INVESTORS INFORMATION SYSTEMS INSTITUTIONAL CAPACITY INSTITUTIONAL INVESTORS INSURANCE INSURANCE COMPANIES INSURANCE COMPANY INSURANCE POLICY INSURANCE PREMIUMS INTEREST RATE INTERNAL CONTROLS INTERNATIONAL ACCOUNTING STANDARDS INTERNATIONAL ACCOUNTING STANDARDS COMMITTEE INTERNATIONAL STANDARDS INVESTMENT FUND INVESTMENT FUNDS JOB CREATION JOINT STOCK COMPANIES JOINT STOCK COMPANY LARGE COMPANIES LARGE ENTERPRISES LAWS LEASE PAYMENTS LEGAL ADVICE LEGAL TRADITION LEGAL TRADITIONS LEGISLATION LENDERS LENDING DECISION LENDING DECISIONS LEVY LIABILITY ARRANGEMENTS LIABILITY SIDE LIFE INSURANCE LIFE INSURANCE POLICIES LIMITED LIABILITY LOAN MARKET CAPITALIZATION MARKET PARTICIPANTS MARKET REQUIREMENTS MARKET TRANSPARENCY MARKET VALUE MARKETING MEDIUM ENTERPRISES MERCHANT BANKS MICRO ENTERPRISES MICRO-ENTERPRISES MONETARY FUND NET ASSET OFFSHORE BANKS OUTSTANDING DEBT PARENT COMPANIES PARENT COMPANY PENALTIES PENSION PENSION FUNDS PORTFOLIO PORTFOLIO INVESTMENT PRESENT VALUE PRIVATIZATION PROCUREMENT PROFITABILITY PROTECTION OF INVESTORS PRUDENTIAL REQUIREMENTS PUBLIC ENTERPRISES PUBLIC OFFERING PUBLIC SAVING PUBLIC SAVINGS PURCHASING QUALITY ASSURANCE REAL ESTATE REGULATORY FRAMEWORK REGULATORY STANDARDS RESERVE RESERVES RETURNS SECURITIES SECURITIES MARKET SELF-REGULATION SHARE CAPITAL SHAREHOLDER SHAREHOLDERS STAKEHOLDER STAKEHOLDERS STATUTORY AUDITORS STOCK EXCHANGE STOCK MARKET STOCKS SUBSIDIARIES SUPERVISORY BOARD TANGIBLE ASSETS TAX TAX RULES TAXABLE INCOME TAXATION TOTAL COSTS TRANSPARENCY TURNOVER VALUATION WORLD MARKET World Bank Republic of Tunisia : Accounting and Auditing
geographic_facet	Middle East and North Africa Tunisia
description	This report provides an assessment of accounting, financial reporting, and auditing requirements and practices within the enterprise and financial sectors in Tunisia. The analysis of practices is based among others on the review of a sample of 16 financial statements prepared in accordance with Tunisian accounting standards, including 6 listed enterprise sector companies, 3 listed credit institutions and 3 insurance undertakings (of which 2 are listed). The assessment uses International Financial Reporting Standards (IFRS), International Standards on Auditing (ISA), and the relevant portions of European Union (EU) law (also known as the acquis communautaire) as benchmarks and draws on international experience and good practices in the field of accounting and audit regulation. As Tunisia deepens its partnership with the EU and becomes more integrated in the world market, the country monitors the development of the acquis communautaire and enacts legislation that draws upon it. This report recommends changes to law and regulations to align the statutory framework with evolving internationally accepted practices. As the new regulations come into force, priorities will then turn toward building the monitoring, supervisory, and disciplinary regimes necessary to ensure effective compliance.
format	Economic & Sector Work :: Accounting and Auditing Assessment (ROSC)
author	World Bank
author_facet	World Bank
author_sort	World Bank
title	Republic of Tunisia : Accounting and Auditing
title_short	Republic of Tunisia : Accounting and Auditing
title_full	Republic of Tunisia : Accounting and Auditing
title_fullStr	Republic of Tunisia : Accounting and Auditing
title_full_unstemmed	Republic of Tunisia : Accounting and Auditing
title_sort	republic of tunisia : accounting and auditing
publisher	Washington, DC
publishDate	2012
url	http://documents.worldbank.org/curated/en/2006/10/10038415/republic-tunisia-report-observance-standards-codes-rosc-accounting-auditing http://hdl.handle.net/10986/8145
_version_	1764404612442357760
spelling	okr-10986-81452021-04-23T14:02:38Z Republic of Tunisia : Accounting and Auditing World Bank ACCOUNT ACCOUNTABILITY ACCOUNTANCY ACCOUNTANT ACCOUNTANTS ACCOUNTING ACCOUNTING DOCUMENTS ACCOUNTING PERIODS ACCOUNTING POLICIES ACCOUNTING PRINCIPLES ACCOUNTING RECORDS ACCOUNTING STANDARD ACCOUNTING STANDARDS ACCOUNTING TREATMENT ACCOUNTS AFFILIATED COMPANIES AFFILIATES ASSESSMENT PROCEDURES ASSET VALUE AUDIT COMMITTEE AUDIT REPORTS AUDITED FINANCIAL STATEMENTS AUDITING AUDITING STANDARDS AUDITORS AUDITS BAD DEBT BAD DEBT LOSSES BALANCE SHEET BALANCE SHEETS BANK ACCOUNTING BANK ASSETS BANKING SECTOR BANKING SUPERVISION BENEFICIARIES BEST PRACTICES BOND BORROWER BORROWING BOURSE BROKER BUDGETING CALCULATION CAPACITY BUILDING CAPITAL FUNDS CAPITAL MARKET CAPITAL MARKETS CASH FLOW CENTRAL BANK CENTRAL BANK OF TUNISIA COLLATERAL COLLECTIVE INVESTMENT COMMERCIAL BANKS COMMERCIAL CODE COMPANY LAW COMPLIANCE GAP CONFLICTS OF INTERESTS CONSOLIDATED FINANCIAL STATEMENTS CONSOLIDATION CONTRIBUTION CORPORATE BORROWERS CORPORATE GOVERNANCE COST OF CAPITAL CREDIBILITY CREDIT INSTITUTION CREDIT INSTITUTIONS CREDITORS CUSTODY DEBT DEBT SECURITIES DEBT SERVICE DEBTOR DEBTS DEPOSITORS DEPRECIATION DEVELOPMENT BANK DISCLOSURE REQUIREMENTS DISCOUNTED CASH FLOW EARNINGS EARNINGS PER SHARE EDUCATION STANDARD EDUCATION STANDARDS EMPLOYMENT ENFORCEABILITY EQUALIZATION EQUITY SECURITY EQUITY STAKES EQUITY SWAP EXCHANGE RATES FACTORING FAIR VALUE FINANCIAL ACCOUNTING FINANCIAL INFORMATION FINANCIAL INSTITUTIONS FINANCIAL INSTRUMENT FINANCIAL INSTRUMENTS FINANCIAL MANAGEMENT FINANCIAL MARKET FINANCIAL MARKETS FINANCIAL PERFORMANCE FINANCIAL POSITION FINANCIAL RATIOS FINANCIAL RELATIONSHIPS FINANCIAL REPORTING FINANCIAL REPORTING STANDARDS FINANCIAL RESTRUCTURING FINANCIAL SECTOR FINANCIAL SECTORS FINANCIAL SECURITY FINANCIAL SITUATION FINANCIAL STATEMENT FINANCIAL STATEMENTS FINANCIAL SYSTEM FIXED ASSETS FOREIGN CURRENCY FOREIGN DIRECT INVESTMENT FOREIGN EQUITY FOREIGN EXCHANGE FOREIGN INVESTMENT FUTURE CASH FLOWS GENERAL PUBLIC GOOD PRACTICES GROSS DOMESTIC PRODUCT HOLDINGS INCOME INCOME TAXES INDIVIDUAL INVESTORS INFORMATION SYSTEMS INSTITUTIONAL CAPACITY INSTITUTIONAL INVESTORS INSURANCE INSURANCE COMPANIES INSURANCE COMPANY INSURANCE POLICY INSURANCE PREMIUMS INTEREST RATE INTERNAL CONTROLS INTERNATIONAL ACCOUNTING STANDARDS INTERNATIONAL ACCOUNTING STANDARDS COMMITTEE INTERNATIONAL STANDARDS INVESTMENT FUND INVESTMENT FUNDS JOB CREATION JOINT STOCK COMPANIES JOINT STOCK COMPANY LARGE COMPANIES LARGE ENTERPRISES LAWS LEASE PAYMENTS LEGAL ADVICE LEGAL TRADITION LEGAL TRADITIONS LEGISLATION LENDERS LENDING DECISION LENDING DECISIONS LEVY LIABILITY ARRANGEMENTS LIABILITY SIDE LIFE INSURANCE LIFE INSURANCE POLICIES LIMITED LIABILITY LOAN MARKET CAPITALIZATION MARKET PARTICIPANTS MARKET REQUIREMENTS MARKET TRANSPARENCY MARKET VALUE MARKETING MEDIUM ENTERPRISES MERCHANT BANKS MICRO ENTERPRISES MICRO-ENTERPRISES MONETARY FUND NET ASSET OFFSHORE BANKS OUTSTANDING DEBT PARENT COMPANIES PARENT COMPANY PENALTIES PENSION PENSION FUNDS PORTFOLIO PORTFOLIO INVESTMENT PRESENT VALUE PRIVATIZATION PROCUREMENT PROFITABILITY PROTECTION OF INVESTORS PRUDENTIAL REQUIREMENTS PUBLIC ENTERPRISES PUBLIC OFFERING PUBLIC SAVING PUBLIC SAVINGS PURCHASING QUALITY ASSURANCE REAL ESTATE REGULATORY FRAMEWORK REGULATORY STANDARDS RESERVE RESERVES RETURNS SECURITIES SECURITIES MARKET SELF-REGULATION SHARE CAPITAL SHAREHOLDER SHAREHOLDERS STAKEHOLDER STAKEHOLDERS STATUTORY AUDITORS STOCK EXCHANGE STOCK MARKET STOCKS SUBSIDIARIES SUPERVISORY BOARD TANGIBLE ASSETS TAX TAX RULES TAXABLE INCOME TAXATION TOTAL COSTS TRANSPARENCY TURNOVER VALUATION WORLD MARKET This report provides an assessment of accounting, financial reporting, and auditing requirements and practices within the enterprise and financial sectors in Tunisia. The analysis of practices is based among others on the review of a sample of 16 financial statements prepared in accordance with Tunisian accounting standards, including 6 listed enterprise sector companies, 3 listed credit institutions and 3 insurance undertakings (of which 2 are listed). The assessment uses International Financial Reporting Standards (IFRS), International Standards on Auditing (ISA), and the relevant portions of European Union (EU) law (also known as the acquis communautaire) as benchmarks and draws on international experience and good practices in the field of accounting and audit regulation. As Tunisia deepens its partnership with the EU and becomes more integrated in the world market, the country monitors the development of the acquis communautaire and enacts legislation that draws upon it. This report recommends changes to law and regulations to align the statutory framework with evolving internationally accepted practices. As the new regulations come into force, priorities will then turn toward building the monitoring, supervisory, and disciplinary regimes necessary to ensure effective compliance. 2012-06-15T15:17:58Z 2012-06-15T15:17:58Z 2006-10 http://documents.worldbank.org/curated/en/2006/10/10038415/republic-tunisia-report-observance-standards-codes-rosc-accounting-auditing http://hdl.handle.net/10986/8145 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 Middle East and North Africa Tunisia

Republic of Tunisia : Accounting and Auditing

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