Publication: South Africa Report on the Observance of Standards and Codes: Accounting and Auditing
Date
2013-06
ISSN
Published
2013-06
Author(s)
World Bank
Abstract
The main purpose of the South Africa
Report on the Observance of Standards and Codes, Accounting
and Auditing (ROSC A&A) is to determine reforms that
will continue to improve the quality of financial reporting
in South Africa. The review, requested by the Minister of
Finance, was conducted to assess the status of
implementation of policy recommendations in the prior 2003
ROSC A&A report, assess the institutional framework
underpinning accounting and auditing practices in comparison
with international standards and good practices in order to
identify any emerging issues that require strengthening,
share good practices adopted in the country, and propose
policy recommendations addressing areas that require
improvements. Implementation of the policy recommendations
will further enhance the quality of financial reporting in
the country, a key pillar that contributes to enhancing the
business environment and advancement of governance and
financial accountability in both the private and public
sector entities. The review focuses on private sector.
Financial reporting in public sector is assessed under
public expenditure and financial accountability framework.
Link to Data Set
Citation
“World Bank. 2013. South Africa Report on the Observance of Standards and Codes: Accounting and Auditing. © World Bank, Washington, DC. http://hdl.handle.net/10986/25729 License: CC BY 3.0 IGO.”