Publication: Honduras : Accounting and Auditing
Date
2007-05
ISSN
Published
2007-05
Author(s)
World Bank
Abstract
This report analyzes corporate financial
reporting and auditing practices in Honduras in support of
the Government's efforts to : (a) improve the business
environment and make it more attractive for domestic and
foreign direct investment; (b) enhance financial
transparency and governance in the corporate sector; and (c)
foster economic integration within the Latin America and
Caribbean Region (LCR). For the purpose of this study,
relevant benchmarks have been used, including the
International Financial Reporting Standards (IFRS) and the
International Standards on Auditing (ISA). The report also
draws on international experience and good practice in those
fields, particularly in LCR. Accounting and auditing
(A&A) standards and practices in Honduras have been
improving; however, continued efforts to align these with
international ones are still needed. The review focuses on
the strengths and weaknesses of the accounting and auditing
environment in the corporate sector (which includes private
companies and state-owned enterprises) and how they
influence the quality of corporate financial reporting.
Citation
“World Bank. 2007. Honduras : Accounting and Auditing. © Washington, DC. http://openknowledge.worldbank.org/entities/publication/15fab0fd-56a1-5d19-938c-8bbbe0a812d8 License: CC BY 3.0 IGO.”