Myanmar Report on Observance of Standards and Codes: Accounting and Auditing Module

doi:10.1596/27144

Publication:
Myanmar Report on Observance of Standards and Codes: Accounting and Auditing Module

dc.contributor.author	World Bank
dc.date.accessioned	2017-06-14T19:00:01Z
dc.date.available	2017-06-14T19:00:01Z
dc.date.issued	2017-06
dc.description.abstract	Since launching fundamental political and economic reforms in 2011, Myanmar has been undergoing a major transformation aimed at increasing openness, empowerment and inclusion. The economic transition has witnessed an acceleration in growth, buoyed by improved macroeconomic management, increased gas production and exports, and stronger performance in the non-gas sectors as the economy opened up. Medium-term economic growth is projected to average 7.1 percent per year. The new Government’s economic objectives envisage Myanmar’s economy becoming more competitive and with the ability to attract increased foreign direct investment. The objectives include the development of an integrated capital market and a modern financial sector. A fundamental foundation for any market-based economy is high quality financial reporting and auditing practices. This plays a vital role in promoting improved transparency and accountability thereby ensuring a level playing field and promoting investor confidence. The Reports on the Observance of Standards and Codes (ROSC) are a joint World Bank and International Monetary Fund (IMF) initiative that helps member countries strengthen their financial systems by improving compliance with internationally recognized standards and codes. The ROSC was developed in the wake of the financial crisis of the late 1990s as part of a series of measures to strengthen the international financial architecture. The global financial community believed the implementation of internationally recognized standards and codes will provide a framework to strengthen domestic institutions, identify potential vulnerabilities, and improve transparency.	en
dc.identifier	http://documents.worldbank.org/curated/en/486091497260537835/Myanmar-Report-on-Observance-of-Standards-and-Codes-ROSC-accounting-and-auditing-module
dc.identifier.doi	10.1596/27144
dc.identifier.uri	https://hdl.handle.net/10986/27144
dc.language	English
dc.language.iso	en_US
dc.publisher	Washington, DC
dc.rights	CC BY 3.0 IGO
dc.rights.holder	World Bank
dc.rights.uri	http://creativecommons.org/licenses/by/3.0/igo
dc.subject	ACCOUNTING STANDARDS
dc.subject	AUDITING STANDARDS
dc.subject	MONITORING
dc.subject	COMPLIANCE
dc.subject	ENFORCEMENT
dc.subject	FINANCIAL STATEMENTS
dc.subject	INTERNATIONAL FINANCIAL REPORTING STANDARDS
dc.title	Myanmar Report on Observance of Standards and Codes	en
dc.title.subtitle	Accounting and Auditing Module	en
dc.type	Report	en
dc.type	Rapport	fr
dc.type	Informe	es
dspace.entity.type	Publication
okr.crossref.title	Myanmar Report on Observance of Standards and Codes
okr.date.disclosure	2017-06-12
okr.doctype	Economic & Sector Work
okr.doctype	Economic & Sector Work::Accounting and Auditing Assessment
okr.docurl	http://documents.worldbank.org/curated/en/486091497260537835/Myanmar-Report-on-Observance-of-Standards-and-Codes-ROSC-accounting-and-auditing-module
okr.guid	486091497260537835
okr.identifier.doi	10.1596/27144
okr.identifier.externaldocumentum	090224b084c7b008_1_0
okr.identifier.internaldocumentum	27571556
okr.identifier.report	116031
okr.imported	true
okr.language.supported	en
okr.pdfurl	http://documents.worldbank.org/curated/en/486091497260537835/pdf/116031-ROSC-P156868-PUBLIC-MyanmarReportonObservanceofStandardsandCodesROSC.pdf	en
okr.region.administrative	East Asia and Pacific
okr.region.country	Myanmar
okr.sector	Financial Sector
okr.theme	Public sector governance :: Other accountability/anti-corruption
okr.topic	Finance and Financial Sector Development::Financial Regulation & Supervision
okr.topic	Governance::Governance and the Financial Sector
okr.topic	Private Sector Development::Corporate Data and Reporting
okr.topic	Public Sector Development::Public Sector Corruption/Anticorruption Measures
okr.unit	GOV FAR - EAP (GGO20)

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