Publication:
Moldova : Accounting and Auditing

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dc.contributor.authorWorld Bank
dc.date.accessioned2013-07-24T18:56:06Z
dc.date.available2013-07-24T18:56:06Z
dc.date.issued2004-06-28
dc.description.abstractFinancial reporting and auditing practices in Moldova's corporate sector are currently in a period of transition from providing for tax calculation and statistical needs to convergence with International Financial Reporting Standards (IFRS) and International Standards on Auditing (ISA). This report draws upon recent international experience in developed economies and EU accession countries as well as expected amendments to EU Directives. The review found that, except in the banking sector, the current level of compliance with financial reporting obligations is inadequate, and that the quality of the financial reporting is low. In that context, the report recommends the following actions: (i) the capacity of regulatory agencies for enforcing accounting standards and financial reporting requirements to all entities of public interest - including large state-owned enterprises - should be increased; (ii) a public registry should be set-up for all public-interest companies to file their financial statements; and (iii) an independent oversight board of auditors should be established under the soon-to-be-issued new Audit Law, with the function to qualify statutory auditors, adopt auditing standards and develop guidelines, and monitor auditors compliance with NSA and independence requirements.en
dc.identifierhttp://documents.worldbank.org/curated/en/2004/06/8366888/moldova-report-observance-standards-codes-rosc-accounting-auditing
dc.identifier.doi10.1596/14532
dc.identifier.urihttps://hdl.handle.net/10986/14532
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.subjectACCOUNTANT
dc.subjectACCOUNTANTS
dc.subjectACCOUNTING
dc.subjectACCOUNTING CURRICULA
dc.subjectACCOUNTING CURRICULUM
dc.subjectACCOUNTING FIRM
dc.subjectACCOUNTING FIRMS
dc.subjectACCOUNTING POLICIES
dc.subjectACCOUNTING PRINCIPLES
dc.subjectACCOUNTING PROCEDURES
dc.subjectACCOUNTING RECORDS
dc.subjectACCOUNTING RULES
dc.subjectACCOUNTING STANDARD
dc.subjectACCOUNTING STANDARDS
dc.subjectACCOUNTS
dc.subjectACTUARIES
dc.subjectAFFILIATES
dc.subjectAMORTIZATION
dc.subjectAUDIT COMMITTEES
dc.subjectAUDIT REPORTS
dc.subjectAUDITED FINANCIAL STATEMENTS
dc.subjectAUDITING
dc.subjectAUDITING STANDARDS
dc.subjectAUDITORS
dc.subjectAUDITS
dc.subjectBALANCE SHEET
dc.subjectBANKING INSTITUTIONS
dc.subjectBANKING REGULATION
dc.subjectBANKING SECTOR
dc.subjectBANKING SUPERVISION
dc.subjectBENEFICIARIES
dc.subjectBOOKKEEPING
dc.subjectBORROWING COSTS
dc.subjectBROKERAGE
dc.subjectBROKERAGE FIRMS
dc.subjectBUDGET CONSTRAINTS
dc.subjectBUSINESS COMBINATIONS
dc.subjectBUSINESS MANAGEMENT
dc.subjectCAPITAL MARKETS
dc.subjectCASH FLOW
dc.subjectCASH FLOW STATEMENTS
dc.subjectCHARTS OF ACCOUNTS
dc.subjectCIVIL CODE
dc.subjectCOMMERCIAL BANKS
dc.subjectCOMPANY LAW
dc.subjectCOMPUTERIZED ACCOUNTING SYSTEMS
dc.subjectCONFLICTS OF INTEREST
dc.subjectCONSOLIDATED FINANCIAL STATEMENTS
dc.subjectCONSOLIDATION
dc.subjectCONTINGENT LIABILITIES
dc.subjectCOST OF CAPITAL
dc.subjectCREDIT ASSESSMENT
dc.subjectCREDIT ASSOCIATIONS
dc.subjectCREDIT DECISIONS
dc.subjectCREDIT INSTITUTIONS
dc.subjectCREDITORS
dc.subjectCURRENCY
dc.subjectDEBT
dc.subjectDEBTORS
dc.subjectDEPOSITS
dc.subjectDEPRECIATION
dc.subjectDUE DILIGENCE
dc.subjectEARNINGS PER SHARE
dc.subjectECONOMIC DEVELOPMENT
dc.subjectEQUIPMENT
dc.subjectEXCHANGE RATES
dc.subjectEXTERNAL AUDITORS
dc.subjectFINANCIAL INFORMATION
dc.subjectFINANCIAL INSTITUTIONS
dc.subjectFINANCIAL INSTRUMENTS
dc.subjectFINANCIAL RATIOS
dc.subjectFINANCIAL REPORTING
dc.subjectFINANCIAL REPORTING STANDARDS
dc.subjectFINANCIAL REPORTS
dc.subjectFINANCIAL STATEMENT
dc.subjectFINANCIAL STATEMENTS
dc.subjectFINANCIAL SUPPORT
dc.subjectFINANCIAL SYSTEM
dc.subjectFIXED ASSET
dc.subjectFOREIGN DIRECT INVESTMENT
dc.subjectFOREIGN EXCHANGE
dc.subjectFOREIGN INVESTMENT
dc.subjectFUTURE CASH FLOWS
dc.subjectGAAP
dc.subjectGOVERNMENT GRANTS
dc.subjectGROSS DOMESTIC PRODUCT
dc.subjectHOLDING
dc.subjectHUMAN RESOURCE
dc.subjectHUMAN RESOURCES
dc.subjectINCOME TAXES
dc.subjectINFLATION
dc.subjectINSTITUTIONAL CAPACITY
dc.subjectINSURANCE
dc.subjectINSURANCE COMPANIES
dc.subjectINSURANCE COMPANY
dc.subjectINTANGIBLE
dc.subjectINTANGIBLE ASSETS
dc.subjectINTERNATIONAL ACCOUNTING STANDARDS
dc.subjectINTERNATIONAL ACCOUNTING STANDARDS COMMITTEE
dc.subjectINTERNATIONAL DEVELOPMENT
dc.subjectINTERNATIONAL STANDARD
dc.subjectINTERNATIONAL STANDARDS
dc.subjectINVENTORIES
dc.subjectINVESTING
dc.subjectINVESTMENT DECISIONS
dc.subjectINVESTMENT FUNDS
dc.subjectINVESTMENT PORTFOLIO
dc.subjectINVESTMENT PROJECTS
dc.subjectISSUANCE
dc.subjectJOINT STOCK COMPANIES
dc.subjectJOINT-STOCK COMPANIES
dc.subjectJOINT-STOCK COMPANY
dc.subjectLACK OF TRANSPARENCY
dc.subjectLAWS
dc.subjectLEGAL FRAMEWORK
dc.subjectLEGAL TRADITION
dc.subjectLEGAL TRADITIONS
dc.subjectLEGISLATION
dc.subjectLENDERS
dc.subjectLEVY
dc.subjectLOAN
dc.subjectLOAN PORTFOLIOS
dc.subjectLOANS TO CUSTOMERS
dc.subjectLOCAL STOCK MARKET
dc.subjectLOSS STATEMENT
dc.subjectMARKET CAPITALIZATION
dc.subjectMARKET ECONOMY
dc.subjectMATURITIES
dc.subjectMONETARY FUND
dc.subjectMUTUAL FUNDS
dc.subjectNATIONAL BANK
dc.subjectNATIONAL SECURITIES
dc.subjectNET PROFIT
dc.subjectNET SALES
dc.subjectOPEN JOINT STOCK COMPANIES
dc.subjectPAYROLL
dc.subjectPENALTIES
dc.subjectPENSION
dc.subjectPENSION FUNDS
dc.subjectPRESENT VALUE
dc.subjectPRIVATE INVESTORS
dc.subjectPRIVATIZATION
dc.subjectPUBLIC ACCOUNTING
dc.subjectPUBLIC DISCLOSURE
dc.subjectPUBLIC OFFERINGS
dc.subjectPUBLIC REGISTRY
dc.subjectQUALITY ASSURANCE
dc.subjectQUALITY CONTROL
dc.subjectREGULATORY FRAMEWORK
dc.subjectREMITTANCE
dc.subjectREMITTANCES
dc.subjectREPORTING
dc.subjectREPORTING SYSTEMS
dc.subjectRESERVES
dc.subjectRETIREMENT
dc.subjectRETURN
dc.subjectRETURN ON ASSETS
dc.subjectSALES
dc.subjectSAVINGS
dc.subjectSECURITIES MARKET
dc.subjectSECURITIES MARKET LAW
dc.subjectSHAREHOLDERS
dc.subjectSMALL BUSINESS
dc.subjectSOLVENCY
dc.subjectSTATE ENTERPRISES
dc.subjectSTATUTORY AUDITORS
dc.subjectSTATUTORY REQUIREMENTS
dc.subjectSTOCK EXCHANGE
dc.subjectSTOCK MARKET
dc.subjectSUBSIDIARIES
dc.subjectSUBSIDIARY
dc.subjectTAX
dc.subjectTAX CODE
dc.subjectTAX COLLECTION
dc.subjectTAXATION
dc.subjectTECHNICAL ASSISTANCE
dc.subjectTELECOMMUNICATIONS
dc.subjectTHE NATIONAL BANK OF MOLDOVA
dc.subjectTRADING
dc.subjectTRANSITION ECONOMIES
dc.subjectTURNOVER
dc.subjectWITHDRAWAL
dc.titleMoldova : Accounting and Auditingen
dspace.entity.typePublication
okr.crosscuttingsolutionareaPublic-Private Partnerships
okr.date.doiregistration2025-05-07T12:05:51.170427Z
okr.doctypeEconomic & Sector Work::Accounting and Auditing Assessment (ROSC)
okr.doctypeEconomic & Sector Work
okr.docurlhttp://documents.worldbank.org/curated/en/2004/06/8366888/moldova-report-observance-standards-codes-rosc-accounting-auditing
okr.globalpracticeFinance and Markets
okr.globalpracticeTrade and Competitiveness
okr.identifier.externaldocumentum000020953_20070925134246
okr.identifier.internaldocumentum8366888
okr.identifier.report40944
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2007/09/25/000020953_20070925134246/Rendered/PDF/409440MD0rosc1aa01PUBLIC1.pdfen
okr.region.administrativeEurope and Central Asia
okr.region.countryMoldova
okr.topicPrivate Sector Development::Business Environment
okr.topicBanks and Banking Reform
okr.topicPrivate Sector Development::Competitiveness and Competition Policy
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicPrivate Sector Development::Business in Development
okr.unitROSC-Assmts & Pol. Practice (CCGPP)
okr.volume1 of 1
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