Publication:
Organization of Eastern Carribbean States : Report on the Observance of Standards and Codes

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dc.contributor.authorWorld Bank
dc.date.accessioned2012-06-12T14:40:51Z
dc.date.available2012-06-12T14:40:51Z
dc.date.issued2008-06-21
dc.description.abstractThis report provides an assessment of accounting, financial reporting and auditing requirements and practices within the enterprise and financial sectors in the Organization of Eastern Caribbean States (OECS). The report uses International Financial Reporting Standards (IFRS) and International Standards on Auditing (ISA) as benchmarks and draws on international experience and good practices in the field of accounting and audit regulation. High-quality financial information supports relevant strategic objectives for the OECS, including: (1) an investor-friendly business climate; (2) sub-regional and regional harmonization; (3) better management and increased transparency of public-interest enterprises; and (4) improved Small and Medium Enterprise (SME) access to credit as an outgrowth of a shift toward lending based on the borrower's financial performance and cash flow. Due to their small size (total population about 560,000) and their tropical island geography, OECS countries face special development challenges, including limited human and institutional capacity, high per capita costs of basic social and infrastructure services, and vulnerability to natural disasters and other external shocks. High levels of indebtedness and fiscal imbalance are additional factors affecting growth and crowding out private investment. These constraints significantly affect the strategic planning and decision-making processes in both the public and private sectors and make capacity issues more significant than in larger countries. The OECS accounting and auditing practices need to be strengthened and modernized to serve adequately the emerging needs of the market and support sustainable economic development.en
dc.identifierhttp://documents.worldbank.org/curated/en/2008/06/10546834/organization-eastern-carribbean-states-report-observance-standards-codes-rosc-accounting-auditing
dc.identifier.doi10.1596/7781
dc.identifier.urihttps://hdl.handle.net/10986/7781
dc.languageEnglish
dc.language.isoen_US
dc.publisherWashington, DC
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCESS TO CREDIT
dc.subjectACCOUNT
dc.subjectACCOUNTABILITY
dc.subjectACCOUNTANCY
dc.subjectACCOUNTANTS
dc.subjectACCOUNTING
dc.subjectACCOUNTING FIRM
dc.subjectACCOUNTING FRAMEWORK
dc.subjectACCOUNTING POLICIES
dc.subjectACCOUNTING PRINCIPLES
dc.subjectACCOUNTING RULES
dc.subjectACCOUNTS
dc.subjectACQUISITION
dc.subjectACQUISITIONS
dc.subjectAFFILIATE
dc.subjectANNUAL RETURNS
dc.subjectAUDIT REPORTS
dc.subjectAUDITED FINANCIAL STATEMENTS
dc.subjectAUDITING
dc.subjectAUDITING PROFESSION
dc.subjectAUDITING STANDARDS
dc.subjectAUDITORS
dc.subjectAUDITS
dc.subjectAVERAGE GROWTH
dc.subjectAWARENESS CAMPAIGN
dc.subjectBALANCE SHEET
dc.subjectBALANCE SHEETS
dc.subjectBANK LOAN
dc.subjectBANK LOANS
dc.subjectBANKERS ASSOCIATION
dc.subjectBANKING INDUSTRY
dc.subjectBANKING SECTOR
dc.subjectBANKING SUPERVISION
dc.subjectBANKRUPTCY
dc.subjectBANKS
dc.subjectBEST PRACTICES
dc.subjectBONDS
dc.subjectBOOKKEEPING
dc.subjectBORROWER
dc.subjectBUSINESS CLIMATE
dc.subjectCALCULATION
dc.subjectCAPITAL ADEQUACY
dc.subjectCAPITAL MARKETS
dc.subjectCASH FLOW
dc.subjectCHECKS
dc.subjectCIVIL SERVICE
dc.subjectCOLLATERAL
dc.subjectCOMMERCIAL BANK
dc.subjectCOMMERCIAL BANK LOANS
dc.subjectCOMMERCIAL BANKING
dc.subjectCOMMERCIAL BANKS
dc.subjectCOMMUNITY COLLEGES
dc.subjectCONSOLIDATED FINANCIAL STATEMENTS
dc.subjectCONSOLIDATION
dc.subjectCONTRIBUTIONS
dc.subjectCREDIT UNIONS
dc.subjectCREDITORS
dc.subjectCURRENCY
dc.subjectCURRICULA
dc.subjectCURRICULUM
dc.subjectDEBT
dc.subjectDEBTS
dc.subjectDIRECT INVESTMENT
dc.subjectDIRECT INVESTMENTS
dc.subjectDISCLOSURE REQUIREMENTS
dc.subjectEARNINGS
dc.subjectEASTERN CARIBBEAN CENTRAL BANK
dc.subjectECONOMIC DEVELOPMENT
dc.subjectEDUCATION PROGRAM
dc.subjectEMPLOYEE BENEFITS
dc.subjectEXTERNAL AUDITORS
dc.subjectEXTERNAL FINANCING
dc.subjectEXTERNAL SHOCKS
dc.subjectFINANCIAL COMPANIES
dc.subjectFINANCIAL DATA
dc.subjectFINANCIAL INFORMATION
dc.subjectFINANCIAL INSTITUTION
dc.subjectFINANCIAL INSTITUTIONS
dc.subjectFINANCIAL MANAGEMENT
dc.subjectFINANCIAL MARKETS
dc.subjectFINANCIAL PERFORMANCE
dc.subjectFINANCIAL POSITION
dc.subjectFINANCIAL REPORTING
dc.subjectFINANCIAL REPORTING STANDARDS
dc.subjectFINANCIAL REPORTS
dc.subjectFINANCIAL SECTOR
dc.subjectFINANCIAL SECTORS
dc.subjectFINANCIAL SERVICES
dc.subjectFINANCIAL SERVICES INDUSTRY
dc.subjectFINANCIAL STABILITY
dc.subjectFINANCIAL SYSTEM
dc.subjectFOREIGN BANKS
dc.subjectGENERAL PUBLIC
dc.subjectGOOD PRACTICE
dc.subjectGOOD PRACTICES
dc.subjectGROSS REVENUE
dc.subjectHOME MORTGAGE
dc.subjectINCOME
dc.subjectINCOME STATEMENTS
dc.subjectINDEBTEDNESS
dc.subjectINSURANCE
dc.subjectINSURANCE COMPANIES
dc.subjectINTEREST PAYMENTS
dc.subjectINTERNATIONAL ACCOUNTING STANDARDS
dc.subjectINTERNATIONAL ACCOUNTING STANDARDS COMMITTEE
dc.subjectINTERNATIONAL AUDITING STANDARDS
dc.subjectINVESTMENT ADVISOR
dc.subjectINVESTMENT COMPANIES
dc.subjectLABOR MARKET
dc.subjectLARGE COMPANIES
dc.subjectLAWS
dc.subjectLEGAL ADVICE
dc.subjectLEGISLATION
dc.subjectLENDERS
dc.subjectLIABILITY
dc.subjectLOCAL BANKS
dc.subjectLOCAL BUSINESSES
dc.subjectLOCAL GOVERNMENT
dc.subjectLOCAL NEWSPAPER
dc.subjectMANDATES
dc.subjectMARKET DEMAND
dc.subjectMARKET ECONOMY
dc.subjectMARKET INCENTIVES
dc.subjectMEDIUM ENTERPRISES
dc.subjectMERGERS
dc.subjectNATIONAL BANK
dc.subjectNATIONAL INSURANCE
dc.subjectNONPERFORMING LOANS
dc.subjectOFFSHORE BANKING
dc.subjectPEER REVIEW
dc.subjectPENSION
dc.subjectPENSION FUNDS
dc.subjectPOSSESSION
dc.subjectPRESS RELEASE
dc.subjectPRIVATE INVESTMENT
dc.subjectPROBABILITY
dc.subjectPRODUCTIVITY
dc.subjectPRUDENTIAL REGULATIONS
dc.subjectPUBLIC ACCOUNTANTS
dc.subjectPUBLIC DEBT
dc.subjectPUBLIC DISCLOSURE
dc.subjectPUBLIC INFORMATION CAMPAIGN
dc.subjectQUALITY ASSURANCE
dc.subjectQUALITY CONTROL
dc.subjectREDEMPTION
dc.subjectREGULATORY FRAMEWORK
dc.subjectRESPONSIBILITIES
dc.subjectRISK FACTORS
dc.subjectRISK MANAGEMENT
dc.subjectSCHOLARSHIPS
dc.subjectSECONDARY EDUCATION
dc.subjectSECURITIES
dc.subjectSENIOR
dc.subjectSKILLED WORKERS
dc.subjectSTAKEHOLDER
dc.subjectSTAKEHOLDERS
dc.subjectSTATUTORY AUDITORS
dc.subjectSTOCK EXCHANGE
dc.subjectSTOCK EXCHANGES
dc.subjectSUPERVISORY AGENCIES
dc.subjectTECHNICAL ASSISTANCE
dc.subjectTRADE UNIONS
dc.subjectTRAINING COURSE
dc.subjectTRAINING PROGRAM
dc.subjectTRAINING PROGRAMS
dc.subjectUNAUDITED FINANCIAL STATEMENTS
dc.subjectUNEMPLOYMENT
dc.subjectVALUATION
dc.subjectWAGES
dc.titleOrganization of Eastern Carribbean States : Report on the Observance of Standards and Codesen
dspace.entity.typePublication
okr.crosscuttingsolutionareaPublic-Private Partnerships
okr.date.disclosure2009-05-08
okr.date.doiregistration2025-05-07T10:57:45.980957Z
okr.doctypeEconomic & Sector Work
okr.doctypeEconomic & Sector Work::Accounting and Auditing Assessment (ROSC)
okr.docurlhttp://documents.worldbank.org/curated/en/2008/06/10546834/organization-eastern-carribbean-states-report-observance-standards-codes-rosc-accounting-auditing
okr.globalpracticeFinance and Markets
okr.globalpracticeTrade and Competitiveness
okr.guid302461468146983713
okr.identifier.externaldocumentum000333037_20090512010508
okr.identifier.internaldocumentum10546834
okr.identifier.reportAAA29
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2009/05/12/000333037_20090512010508/Rendered/PDF/AAA291LAC0Box31IC0Disclosed05181091.pdfen
okr.region.administrativeLatin America & Caribbean
okr.topicPrivate Sector Development::Competitiveness and Competition Policy
okr.topicPrivate Sector Development::Business Environment
okr.topicBanks and Banking Reform
okr.topicPrivate Sector Development::Business in Development
okr.topicFinance and Financial Sector Development
okr.unitFinancial Management (LCSFM)
okr.volume1 of 1
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