Publication:
Republic of Rwanda : Accounting and Auditing

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dc.contributor.authorWorld Bank
dc.date.accessioned2012-06-14T13:48:52Z
dc.date.available2012-06-14T13:48:52Z
dc.date.issued2008-06-19
dc.description.abstractThis report is an assessment of the corporate sector accounting, financial reporting, and auditing practices within Rwanda. This Report on the Observance of Standards and Codes (ROSC) is benchmarked to International Financial Reporting Standards (IFRS) and International Standards on Auditing (ISA) and draws on international experience and good practices to assess the strengths and weaknesses of the institutional underpinnings of corporate financial reporting and make policy recommendations. This assessment is mainly aimed at preparing a road map for institutional capacity building including development of the accountancy profession for bolstering the corporate sector accounting, financial reporting, and auditing in Rwanda. Rwanda is making considerable effort to align its accounting and auditing practices with internationally accepted standards and codes. Along with its growing economy, Rwanda must take effective steps for strengthening all the pillars of the infrastructure of accounting and auditing in line with the international good practices. The ROSC review findings reveal that there are varying compliance gaps in both accounting and auditing practices in Rwanda. These gaps stem from lack of clearer understanding among practicing accountants and auditors about the requirements of internationally accepted standards, inadequate technical capacities of the regulators, absence of implementation guidance, lack of independent oversight of the auditing profession, and shortcomings in professional education and training. The Institute of Certified Public Accountants of Rwanda (ICPAR) will assume the role of the self-regulatory professional accountancy body in the country.en
dc.identifierhttp://documents.worldbank.org/curated/en/2008/06/10038406/republic-rwanda-report-observance-standards-codes-rosc-accounting-auditing
dc.identifier.doi10.1596/7975
dc.identifier.urihttps://hdl.handle.net/10986/7975
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.subjectACCOUNTANCY
dc.subjectACCOUNTANCY FIRMS
dc.subjectACCOUNTANTS
dc.subjectACCOUNTING
dc.subjectACCOUNTING CURRICULA
dc.subjectACCOUNTING FIRMS
dc.subjectACCOUNTING FRAMEWORK
dc.subjectACCOUNTING POLICIES
dc.subjectACCOUNTING PRACTICES
dc.subjectACCOUNTING PRINCIPLES
dc.subjectACCOUNTING REFORM
dc.subjectACCOUNTING STANDARDS
dc.subjectACCOUNTING TREATMENT
dc.subjectADEQUATE DISCLOSURE
dc.subjectADMINISTRATIVE SUPPORT
dc.subjectAFFILIATES
dc.subjectAUDIT COMMITTEES
dc.subjectAUDIT ENGAGEMENTS
dc.subjectAUDIT EVIDENCE
dc.subjectAUDIT REPORTS
dc.subjectAUDIT RISK
dc.subjectAUDITED FINANCIAL STATEMENTS
dc.subjectAUDITING
dc.subjectAUDITING PROFESSION
dc.subjectAUDITING STANDARDS
dc.subjectAUDITORS
dc.subjectAUDITS
dc.subjectAUTONOMY
dc.subjectBANK LOAN
dc.subjectBANKING LAWS
dc.subjectBANKING SECTOR
dc.subjectBANKING SUPERVISION
dc.subjectBANKS
dc.subjectBEST PRACTICE
dc.subjectBILLS
dc.subjectBONDS
dc.subjectBORROWER
dc.subjectBORROWING
dc.subjectBUSINESS CLIMATE
dc.subjectBUSINESS OPPORTUNITIES
dc.subjectCALCULATION
dc.subjectCAPITAL BASE
dc.subjectCAPITAL MARKET
dc.subjectCERTIFIED PUBLIC ACCOUNTANTS
dc.subjectCOLLATERAL
dc.subjectCOMMERCIAL BANKS
dc.subjectCONFLICT OF INTEREST
dc.subjectCONSOLIDATED FINANCIAL STATEMENTS
dc.subjectCONSOLIDATION
dc.subjectCONTINGENCIES
dc.subjectCONTRIBUTION
dc.subjectCREDITOR
dc.subjectCREDITORS
dc.subjectDEPOSITS
dc.subjectDEVELOPMENT BANK
dc.subjectDIRECT INVESTMENT
dc.subjectECONOMIC DEVELOPMENT
dc.subjectECONOMIC STABILITY
dc.subjectEMPLOYEE BENEFITS
dc.subjectEQUITIES
dc.subjectEXTERNAL AUDITORS
dc.subjectFINANCES
dc.subjectFINANCIAL CRISES
dc.subjectFINANCIAL INFORMATION
dc.subjectFINANCIAL INSTITUTIONS
dc.subjectFINANCIAL INSTRUMENTS
dc.subjectFINANCIAL MANAGEMENT
dc.subjectFINANCIAL MARKET
dc.subjectFINANCIAL MARKETS
dc.subjectFINANCIAL PERFORMANCE
dc.subjectFINANCIAL POLICY
dc.subjectFINANCIAL POSITION
dc.subjectFINANCIAL REPORTING
dc.subjectFINANCIAL REPORTING STANDARDS
dc.subjectFINANCIAL RESOURCES
dc.subjectFINANCIAL SECTOR
dc.subjectFINANCIAL SECTOR DEVELOPMENT
dc.subjectFINANCIAL SECTORS
dc.subjectFINANCIAL STATEMENTS
dc.subjectFINANCIAL SYSTEM
dc.subjectFOREIGN CURRENCY
dc.subjectFOREIGN EXCHANGE
dc.subjectFOREIGN INVESTMENTS
dc.subjectGOOD PRACTICE
dc.subjectGOOD PRACTICES
dc.subjectHOUSING
dc.subjectINADEQUATE DISCLOSURE
dc.subjectINCOME
dc.subjectINFLATION
dc.subjectINFORMATION TECHNOLOGY
dc.subjectINSURANCE
dc.subjectINSURANCE COMPANIES
dc.subjectINTERNATIONAL ACCOUNTING STANDARDS
dc.subjectINTERNATIONAL ACCOUNTING STANDARDS COMMITTEE
dc.subjectKNOWLEDGE GAP
dc.subjectLACK OF KNOWLEDGE
dc.subjectLARGE FIRMS
dc.subjectLEGAL ADVICE
dc.subjectLEGAL FRAMEWORK
dc.subjectLEGAL PROVISION
dc.subjectLEGAL PROVISIONS
dc.subjectLEGISLATION
dc.subjectLIABILITY
dc.subjectMANDATES
dc.subjectMEDIUM ENTERPRISE
dc.subjectMEDIUM ENTERPRISES
dc.subjectMICROFINANCE
dc.subjectNATIONAL BANK
dc.subjectNATIONAL INSURANCE
dc.subjectNONPERFORMING LOANS
dc.subjectOFF BALANCE SHEET
dc.subjectOFF BALANCE SHEET ITEMS
dc.subjectOFFSITE SUPERVISION
dc.subjectPAYMENT SYSTEMS
dc.subjectPENALTIES
dc.subjectPOVERTY ALLEVIATION
dc.subjectPRUDENTIAL REGULATIONS
dc.subjectQUALITY ASSURANCE
dc.subjectQUALITY AUDITS
dc.subjectQUALITY CONTROL
dc.subjectREGULATORY FRAMEWORK
dc.subjectREORGANIZATION
dc.subjectRESPONSIBILITIES
dc.subjectSECURITIES
dc.subjectSENIOR
dc.subjectSTAKEHOLDER
dc.subjectSTAKEHOLDERS
dc.subjectSTATUTORY AUDITORS
dc.subjectSTOCK EXCHANGE
dc.subjectSTOCKS
dc.subjectSUBSIDIARIES
dc.subjectTAXATION
dc.subjectTRAINING PROGRAMS
dc.subjectTREASURY BILLS
dc.subjectVALUATION
dc.titleRepublic of Rwanda : Accounting and Auditingen
dspace.entity.typePublication
okr.crosscuttingsolutionareaPublic-Private Partnerships
okr.date.doiregistration2025-05-07T09:15:58.380606Z
okr.doctypeEconomic & Sector Work::Accounting and Auditing Assessment (ROSC)
okr.doctypeEconomic & Sector Work
okr.docurlhttp://documents.worldbank.org/curated/en/2008/06/10038406/republic-rwanda-report-observance-standards-codes-rosc-accounting-auditing
okr.globalpracticeFinance and Markets
okr.globalpracticeTrade and Competitiveness
okr.guid772881468306563708
okr.identifier.externaldocumentum000333037_20081119225400
okr.identifier.internaldocumentum10038406
okr.identifier.report46541
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2008/11/19/000333037_20081119225400/Rendered/PDF/465410ESW0P1101IC10RWANDA11ROSC11AA.pdfen
okr.region.administrativeAfrica
okr.region.countryRwanda
okr.sectorFinance :: General finance sector
okr.themeStandards and financial reporting
okr.themeFinancial and private sector development
okr.themeRule of law
okr.themeHuman development
okr.themeLegal institutions for a market economy
okr.topicPrivate Sector Development::Business Environment
okr.topicBanks and Banking Reform
okr.topicPrivate Sector Development::Competitiveness and Competition Policy
okr.topicPrivate Sector Development::Business in Development
okr.topicFinance and Financial Sector Development
okr.unitAFT: QK Financial Management (AFTFM)
okr.volume1 of 1
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