Publication: Kingdom of Bhutan - Public Sector Accounting and Auditing : A Comparison to International Standards
Date
2007-04
ISSN
Published
2007-04
Author(s)
World Bank
Abstract
The objectives of this report are: (a)
to provide the country's accounting and audit
authorities and other interested stakeholders with a common
well-founded knowledge as to where local practices stand in
accordance with the internationally developed standards of
financial reporting and audit; (b) to assess the prevailing
variances; (c) to chart paths to reduce the variances; and
(d) to provide a continuing basis for measuring
improvements. The analysis in this report has been conducted
in light of the strong measures being taken in the Kingdom
of Bhutan to reform the accounting and auditing processes.
The report addresses several issues such as: adopting
international accounting standards in major public
enterprises; implementing professional leadership in
accounting and financial management; implementing a fully
integrated, computerized government accounting system;
drafting new acts on public financial management and
combating corruption; strengthening the Royal Institute of
Management (RIM); and providing training for finance,
accounting, and internal audit staff in line ministries and
other government agencies, heads of administration and
finance divisions, and other managers
Citation
“World Bank. 2007. Kingdom of Bhutan - Public Sector Accounting and Auditing : A Comparison to International Standards. © Washington, DC. http://openknowledge.worldbank.org/entities/publication/cfd43716-e3f2-54c0-afbd-be54a7b4264f License: CC BY 3.0 IGO.”