Publication:
Republic of Slovenia : Accounting and Auditing

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dc.contributor.authorWorld Bank
dc.date.accessioned2013-07-23T15:55:48Z
dc.date.available2013-07-23T15:55:48Z
dc.date.issued2004-10-11
dc.description.abstractThis assessment of accounting and auditing practices in Slovenia focuses on the strengths and weaknesses of the accounting and auditing environment that influence the quality of corporate financial reporting, and involves a review of both mandatory requirements, and actual practice. It uses International Financial Reporting Standards (IFRSs), and International Standards on Auditing (ISAs), and the relevant portions of European Union (EU) law (also known as the acquis communautaire) as benchmarks, and draws on international experience and good practices in the field of accounting and audit regulation. Slovenia adopted a gradualist approach to economic reform: the first stage of privatization of socially owned enterprises began in 1992, using different measures, including management and employee buyouts, voucher privatization via investment funds, and direct sales. However, the process resulted in a dispersion of ownership among various state institutions, investment funds (which have remained passive owners), and, most notably, managers and employees. The banking system is relatively well developed by central European standards, and the system is sound and well capitalized, with a low proportion of nonperforming loans. Although the Ljubljana Stock Exchange was established in December 1989, it has failed to challenge the banks as a source of funding for the corporate sector, or a destination for the population's savings. However, a broad range of Slovenian enterprises became listed toward the end of the 1990s. The insurance industry is developing: the state retains an 85 percent stake in the market leader, and, insurance penetration, expressed in terms of premium as a percentage of GDP (5.3 percent including health), is the highest among the transitional Central European countries. As new regulations come into force, priorities are now turning to build the monitoring, supervisory and disciplinary regimes necessary to ensure effective compliance. This assessment demonstrates that the effective enforcement of accounting, auditing and ethical standards is the next challenge that Slovenia has to tackle. This report draws upon recent international experience in developed economies and accession countries, as well as expected amendments to the acquis communautaire, and recommends that Slovenia strengthen the enforcement of accounting and auditing standards.en
dc.identifierhttp://documents.worldbank.org/curated/en/2004/10/6591462/slovania-report-observance-standards-codes-rosc-accounting-auditing
dc.identifier.doi10.1596/14472
dc.identifier.urihttps://hdl.handle.net/10986/14472
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.subjectACCOUNTING
dc.subjectACCOUNTING PERIODS
dc.subjectACCOUNTING POLICIES
dc.subjectACCOUNTING PRINCIPLES
dc.subjectACCOUNTING RECORDS
dc.subjectACCOUNTING STANDARDS
dc.subjectAFFILIATES
dc.subjectASSURANCE
dc.subjectAUDITED FINANCIAL STATEMENTS
dc.subjectAUDITING
dc.subjectAUDITORS
dc.subjectAUDITS
dc.subjectBANK ACCOUNTING
dc.subjectBANK OF SLOVENIA
dc.subjectBANKING SECTOR
dc.subjectBANKING SYSTEM
dc.subjectBANKS
dc.subjectBONDS
dc.subjectCAPITAL MARKETS
dc.subjectCAPITALIZATION
dc.subjectCOMMERCIAL BANKS
dc.subjectCONSOLIDATED FINANCIAL STATEMENTS
dc.subjectCOVERAGE
dc.subjectECONOMIC REFORM
dc.subjectENFORCEMENT POWERS
dc.subjectEQUITY SECURITIES
dc.subjectFINANCIAL REPORTING
dc.subjectFINANCIAL REPORTING STANDARDS
dc.subjectFRAUD
dc.subjectGROSS DOMESTIC PRODUCT
dc.subjectHOLDING COMPANIES
dc.subjectINSURANCE
dc.subjectINSURANCE COMPANIES
dc.subjectINSURANCE INDUSTRY
dc.subjectINSURANCE SUPERVISION
dc.subjectINTEGRITY
dc.subjectINTERNATIONAL ACCOUNTING STANDARDS
dc.subjectLEGAL PROTECTION
dc.subjectLEGAL PROVISIONS
dc.subjectLEGISLATION
dc.subjectLEVIES
dc.subjectMANDATES
dc.subjectMARKET VALUE
dc.subjectNONPERFORMING LOANS
dc.subjectPENALTIES
dc.subjectPENSION FUNDS
dc.subjectPRIVATIZATION
dc.subjectPROGRAMS
dc.subjectPROVISIONING
dc.subjectPRUDENTIAL REGULATIONS
dc.subjectPUBLIC
dc.subjectPUBLIC COMPANIES
dc.subjectPUBLIC CONSULTATION
dc.subjectPUBLIC OFFERING
dc.subjectPUBLIC SECTOR
dc.subjectRATES
dc.subjectRISK MANAGEMENT
dc.subjectSAVINGS
dc.subjectSAVINGS INSTITUTIONS
dc.subjectSECURITIES
dc.subjectSUBSIDIARIES
dc.subjectSUPERVISORY AUTHORITIES
dc.subjectTAX
dc.subjectTAX COMPLIANCE
dc.subjectTRANSITION ECONOMIES
dc.subjectTRANSPARENCY
dc.subjectVOUCHER PRIVATIZATION
dc.titleRepublic of Slovenia : Accounting and Auditingen
dspace.entity.typePublication
okr.crosscuttingsolutionareaPublic-Private Partnerships
okr.date.doiregistration2025-05-07T09:29:01.440010Z
okr.doctypeEconomic & Sector Work::Accounting and Auditing Assessment (ROSC)
okr.doctypeEconomic & Sector Work
okr.docurlhttp://documents.worldbank.org/curated/en/2004/10/6591462/slovania-report-observance-standards-codes-rosc-accounting-auditing
okr.globalpracticeFinance and Markets
okr.globalpracticeGovernance
okr.globalpracticeTrade and Competitiveness
okr.identifier.externaldocumentum000012009_20060210150410
okr.identifier.internaldocumentum6591462
okr.identifier.report35183
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2006/02/10/000012009_20060210150410/Rendered/PDF/351830SV0REV0Accounting0rosc1aa1slv.pdfen
okr.region.administrativeEurope and Central Asia
okr.region.countrySlovenia
okr.sectorFinance :: General finance sector
okr.topicPrivate Sector Development::Business Environment
okr.topicBanks and Banking Reform
okr.topicInsurance and Risk Mitigation
okr.topicPrivate Sector Development::Business in Development
okr.topicPublic Sector Economics and Finance
okr.topicFinance and Financial Sector Development
okr.topicPublic Sector Development
okr.unitOperations Policy and Services (ECSPS)
okr.volume1 of 1
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