Publication:
Ghana : Accounting and Auditing

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dc.contributor.authorWorld Bank
dc.date.accessioned2013-07-24T18:55:42Z
dc.date.available2013-07-24T18:55:42Z
dc.date.issued2004-06-19
dc.description.abstractThis report provides an assessment of accounting and auditing practices within the context of the Ghana institutional framework to ensure the quality of corporate financial reporting. The accounting and auditing practices in Ghana suffer from institutional weaknesses in regulation, compliance, and enforcement of standards and rules. Various weaknesses were identified in the laws and regulations governing financial reporting. Although Ghana Accounting and Auditing Standards have been based on International Accounting Standards and International Standards on Auditing, respectively, they are outdated and gaps exist in comparison with the international equivalents. Furthermore, national ethical requirements for auditors are not in line with international requirements. Full compliance with Ghana National Accounting Standards is not readily achieved; some listed companies inappropriately claim compliance with International Accounting Standards. There is inadequate adherence to auditing standards and professional ethics. Apart from the banking sector practice, monitoring and enforcement mechanisms are ineffective. These factors, as well as poor quality accounting education and training, have contributed to weaknesses of the financial reporting and auditing regime. The policy recommendations provided in this report focus on improving statutory framework, strengthening enforcement mechanisms, upgrading professional education and training, and enhancing capacity of regulatory and professional bodies.en
dc.identifierhttp://documents.worldbank.org/curated/en/2004/06/8359390/ghana-report-observance-standards-codes-rosc-accounting-auditing
dc.identifier.doi10.1596/14531
dc.identifier.urihttps://hdl.handle.net/10986/14531
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.subjectACCOUNT
dc.subjectACCOUNTABILITY
dc.subjectACCOUNTANCY
dc.subjectACCOUNTANTS
dc.subjectACCOUNTING
dc.subjectACCOUNTING CURRICULUM
dc.subjectACCOUNTING FIRM
dc.subjectACCOUNTING FIRMS
dc.subjectACCOUNTING FRAMEWORK
dc.subjectACCOUNTING POLICIES
dc.subjectACCOUNTING RECORDS
dc.subjectACCOUNTING STANDARDS
dc.subjectACCOUNTING TREATMENT
dc.subjectACCOUNTS
dc.subjectACTUARIES
dc.subjectAFFILIATES
dc.subjectANNUAL RETURNS
dc.subjectAUDIT ENGAGEMENTS
dc.subjectAUDIT EVIDENCE
dc.subjectAUDIT REPORTS
dc.subjectAUDITED FINANCIAL STATEMENTS
dc.subjectAUDITING
dc.subjectAUDITING PROFESSION
dc.subjectAUDITING STANDARDS
dc.subjectAUDITORS
dc.subjectAUDITS
dc.subjectBALANCE SHEET
dc.subjectBANKING LAW
dc.subjectBANKING RISKS
dc.subjectBANKING SECTOR
dc.subjectBANKING SUPERVISION
dc.subjectBANKING SYSTEM
dc.subjectBANKS
dc.subjectBEST PRACTICES
dc.subjectBILLS
dc.subjectBORROWING
dc.subjectBORROWING COSTS
dc.subjectBUSINESS ETHICS
dc.subjectBUSINESS MANAGEMENT
dc.subjectCAPITALIZATION
dc.subjectCASH FLOW
dc.subjectCASH FLOW STATEMENTS
dc.subjectCASH FLOWS
dc.subjectCONFIRMATIONS
dc.subjectCONFLICT OF INTEREST
dc.subjectCONSOLIDATED FINANCIAL STATEMENTS
dc.subjectCONSOLIDATION
dc.subjectCOST RECOVERY
dc.subjectCREDITORS
dc.subjectCREDITS
dc.subjectDEBT
dc.subjectDEFERRED INCOME
dc.subjectDEPENDANT
dc.subjectDEPRECIATION
dc.subjectDISCLOSURE REQUIREMENTS
dc.subjectEARNINGS PER SHARE
dc.subjectEDUCATION STANDARD
dc.subjectEDUCATION STANDARDS
dc.subjectEDUCATIONAL PROGRAMS
dc.subjectEMPLOYEE BENEFITS
dc.subjectEMPLOYMENT
dc.subjectEMPLOYMENT OPPORTUNITIES
dc.subjectENGAGEMENT LETTERS
dc.subjectEXCHANGE COMMISSION
dc.subjectEXCHANGE RATES
dc.subjectEXTERNAL AUDITORS
dc.subjectEXTRAORDINARY ITEMS
dc.subjectFINANCIAL ACCOUNTING
dc.subjectFINANCIAL INFORMATION
dc.subjectFINANCIAL INSTITUTION
dc.subjectFINANCIAL INSTITUTIONS
dc.subjectFINANCIAL INSTRUMENTS
dc.subjectFINANCIAL REPORTING
dc.subjectFINANCIAL REPORTING STANDARDS
dc.subjectFINANCIAL RESOURCES
dc.subjectFINANCIAL STATEMENTS
dc.subjectFOREIGN CURRENCY
dc.subjectFOREIGN EXCHANGE
dc.subjectFOREIGN INVESTMENTS
dc.subjectIMAGE
dc.subjectINCOME TAX
dc.subjectINCOME TAXES
dc.subjectINFLATION
dc.subjectINFORMATION TECHNOLOGY
dc.subjectINSURANCE
dc.subjectINSURANCE COMPANIES
dc.subjectINSURANCE COMPANY
dc.subjectINSURANCE PREMIUMS
dc.subjectINTANGIBLE ASSETS
dc.subjectINTERNATIONAL ACCOUNTING STANDARDS
dc.subjectINTERNATIONAL ACCOUNTING STANDARDS COMMITTEE
dc.subjectINVESTMENT BANKERS
dc.subjectLABOR FORCE
dc.subjectLACK OF KNOWLEDGE
dc.subjectLARGE ENTERPRISES
dc.subjectLAWS
dc.subjectLEGAL PROVISIONS
dc.subjectLEGISLATION
dc.subjectLIFE EXPECTANCY
dc.subjectLITERACY
dc.subjectLONG-TERM BORROWINGS
dc.subjectMAJOR BANKS
dc.subjectMARKET CAPITALIZATION
dc.subjectMEDIUM ENTERPRISES
dc.subjectMINORITY SHAREHOLDER
dc.subjectMUTUAL FUNDS
dc.subjectNATIONAL INSURANCE
dc.subjectPEER REVIEW
dc.subjectPENALTIES
dc.subjectPENSION
dc.subjectPENSION FUNDS
dc.subjectPURCHASES
dc.subjectQUALITY ASSURANCE
dc.subjectQUALITY CONTROL
dc.subjectQUALITY OF WORK
dc.subjectQUALITY STANDARDS
dc.subjectQUANTITATIVE METHODS
dc.subjectQUESTIONNAIRE
dc.subjectRESPONSIBILITIES
dc.subjectRETAINED EARNINGS
dc.subjectRETIREMENT
dc.subjectRETIREMENT BENEFIT
dc.subjectRURAL BANKS
dc.subjectSECURED LIABILITIES
dc.subjectSECURITIES
dc.subjectSECURITIES DEALERS
dc.subjectSECURITIES INDUSTRY
dc.subjectSENIOR
dc.subjectSOURCES OF INCOME
dc.subjectSTAKEHOLDERS
dc.subjectSTATE ENTERPRISES
dc.subjectSTOCK EXCHANGE
dc.subjectSUBSIDIARIES
dc.subjectSUBSIDIARY
dc.subjectTAX COLLECTION
dc.subjectTAXATION
dc.subjectTECHNICAL SKILLS
dc.subjectTERMINATION
dc.subjectTHE GAMBIA
dc.subjectTREASURY BILLS
dc.subjectVALUABLE
dc.subjectWEB SITE
dc.titleGhana : Accounting and Auditingen
dspace.entity.typePublication
okr.crosscuttingsolutionareaPublic-Private Partnerships
okr.date.doiregistration2025-05-07T12:03:59.978148Z
okr.doctypeEconomic & Sector Work::Accounting and Auditing Assessment (ROSC)
okr.doctypeEconomic & Sector Work
okr.docurlhttp://documents.worldbank.org/curated/en/2004/06/8359390/ghana-report-observance-standards-codes-rosc-accounting-auditing
okr.globalpracticeFinance and Markets
okr.globalpracticeTrade and Competitiveness
okr.guid742071468252867480
okr.identifier.externaldocumentum000020953_20070924141640
okr.identifier.internaldocumentum8359390
okr.identifier.report40941
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2007/09/24/000020953_20070924141640/Rendered/PDF/409410GH0rosc1aa101PUBLIC1.pdfen
okr.region.administrativeAfrica
okr.region.countryGhana
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.unitROSC-Assmts & Pol. Practice (CCGPP)
okr.volume1 of 1
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