Publication: Report on the Observance of Standards and Codes on Accounting and Auditing Update: Republic of Serbia
Date
2015-06
ISSN
Published
2015-06
Author(s)
World Bank Group
Abstract
This report on observance of standards
and codes in accounting and auditing (ROSC A & A)
provides an assessment of accounting, financial reporting,
and auditing requirements and practices within the
enterprise and financial sectors of Serbia and sets forth
areas of consideration with a view to improving the
country’s institutional environment for corporate financial
reporting. To assess Serbia’s compliance with standards and
codes, this report uses international benchmarks of good
practice, including international financial reporting
standards (IFRS), international standards on auditing (ISA),
the statements of membership obligations (SMO) of the
international federation of accountants (IFAC), and -
because Serbia is seeking accession to the European Union
(EU) - relevant provisions of the EU acquis communautaire
(the acquis) governing financial reporting. The assessment
focuses on the strengths and weaknesses of the A and A
environment that influence the quality of corporate
financial reporting, and includes a review of both statutory
requirements and actual practice. It updates an earlier
assessment published in 2005. ROSC A and A assess accounting
and auditing practices in participating countries.
Link to Data Set
Citation
“World Bank Group. 2015. Report on the Observance of Standards and Codes on Accounting and Auditing Update: Republic of Serbia. © World Bank, Vienna. http://hdl.handle.net/10986/25723 License: CC BY 3.0 IGO.”