Publication: Argentina - Report on the Observance of Standards and Codes (ROSC) : Accounting and Auditing
Date
2007-07
ISSN
Published
2007-07
Author(s)
World Bank
Abstract
Strengthening corporate financial
reporting is important for Argentina, as the country seeks
to foster confidence in the local business community in
order to stimulate investments, both local and foreign. In
addition, strong corporate accounting practices enable local
banks and financial institutions to monitor adequately their
businesses risks, credit and otherwise, which is essential
at a time when the Argentine banking sector emerges from the
crisis triggered by the events of December 2001. Sound
accounting and auditing is therefore essential to the
stability of Argentina's banking sector. This report
analyzes Argentina's corporate financial reporting and
auditing practices with a view to supporting the
Government's strategy to: (a) improve the investment
climate for Argentine companies; (b) foster trade
competitiveness by aligning the standards of reporting and
governance with practices that are prevalent among the
country's main trading partners; and (c) ensure greater
transparency in both the private and public sectors.
International Financial Reporting Standards (IFRS),
International Standards on Auditing (ISA) and good
international practice, particularly among the other large
countries in Latin America, have been used as benchmarks for
this exercise. A study of corporate governance practices was
conducted in parallel, which findings complement those of
the Report on the Observance of Standards and Codes (ROSC)
accounting and auditing.
Link to Data Set
Citation
“World Bank. 2007. Argentina - Report on the Observance of Standards and Codes (ROSC) : Accounting and Auditing. © Washington, DC. http://hdl.handle.net/10986/7907 License: CC BY 3.0 IGO.”