The World Bank conducted reviews of accounting and auditing within the ROSC initiative at the invitation of Bosnia and Herzegovina. The World Bank utilized a diagnostic tool that it developed to gather pertinent information for preparing the Accounting and Auditing ROSC.
The World Bank conducted reviews of accounting and auditing within the ROSC initiative at the invitation of Belarus. The World Bank utilized a diagnostic tool that it developed to gather pertinent information for preparing the Accounting and Auditing ROSC.
The World Bank conducted reviews of accounting and auditing within the ROSC initiative at the invitation of Azerbaijan. The World Bank utilized a diagnostic tool that it developed to gather pertinent information for preparing the Accounting and Auditing ROSC.
The World Bank conducted reviews of accounting and auditing within the ROSC initiative at the invitation of Armenia. The World Bank utilized a diagnostic tool that it developed to gather pertinent information for preparing the Accounting and Auditing ROSC.
The World Bank conducted reviews of accounting and auditing within the ROSC initiative at the invitation of Albania. The World Bank utilized a diagnostic tool that it developed to gather pertinent information for preparing the Accounting and Auditing ROSC.
The World Bank conducted reviews of accounting and auditing within the ROSC initiative at the invitation of Estonia. The World Bank utilized a diagnostic tool that it developed to gather pertinent information for preparing the Accounting and Auditing ROSC.
The report describes the South-South Corporate Financial Reporting Exchange Program for Moldova, as a result of which the Moldovan side obtained a better understanding of challenges and defined some policies to achieve the aim of setting up and operating a modern system of financial reporting which is aligned with EU requirements.
The introduction of new financial reporting standards in the European Union (EU) is having significant direct consequences for many of the preparers and users of financial information. These consequences are generally well documented and explored by many distinguished experts. However, less well documented are some of the indirect consequences of the implementation of new financial accounting standards in the EU. One such area is in the relationship between corporate financial accounting (‘financial accounting’) and corporate income tax accounting (‘tax accounting’).
Public oversight of audits and auditors is a relatively recent development, particularly in light of the length of time that capital markets and the audit profession have operated. This paper reflects on the rationale for public oversight of auditors, summarizes the relevant EU legislation and international benchmarks for public oversight systems, and thereafter compares and contrasts the different approaches taken by EU member states to operate their public oversight systems.