Accounting and Auditing Assessment

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Sierra Leone Report on the Observance of Standards and Codes: Accounting and Auditing

(World Bank, Washington, DC, 2020-01) World Bank Group

Sierra Leone is implementing a Medium-Term National Development Plan for 2019–2023 (2019 NDP) entitled “Education for Development”, aimed at improving people’s lives through education, inclusive growth, and the building of a resilient economy. The objective of the second Sierra Leone Report on the Observance of Standards and Codes - Accounting and Auditing (ROSC A&A) is to determine the kinds of reforms that will further strengthen the accountancy profession and enhance its contribution to the country’s growth agenda. This review focused on: (a) assessing the status of implementation of the policy recommendations and action plan developed after the first review in 2006, as well as its impact on the accountancy profession, (b) assessing and identifying any emerging issues that relate to A&A practices that require strengthening, and (c) proposing policy recommendations to strengthen the profession. The review was conducted from May to November 2019 following the revised World Bank ROSC A&A 2 methodology.
Nepal Report on the Observance of Standards and Codes: Accounting and Auditing

(World Bank, Washington, DC, 2015-06) World Bank Group ; test ; test ; test ; test ; test

This report provides an assessment of accounting, financial reporting and auditing requirements and practices in Nepal. The report uses international financial reporting standards and international standards on auditing as benchmarks and draws on international experience and good practices in the field of accounting and audit to assess the quality of financial reporting and make policy recommendations. The reports on the observance of standards and codes (ROSC) accounting and auditing addresses two strategic objectives in the Country Partnership Strategy FY14-FY18 (poverty reduction and shared prosperity). The report aims to support the Government of Nepal in preparing a country action plan aimed at further enhancing the quality of corporate financial reporting to facilitate improvement of business climate, attract foreign direct investment, and foster business development. The policy recommendations also target small and medium enterprises that form the backbone of Nepal's economy.