Report

Report on the Observance of Standards and Codes, Accounting and Auditing : Module B - Institutional Framework for Corporate Financial Reporting, B.7 Audit Regulation, Quality Assurance, and Public Oversight

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collection.link.10
https://openknowledge.worldbank.org/handle/10986/2111
collection.name.10
Accounting and Auditing Assessment
dc.contributor.author
World Bank
dc.date.accessioned
2017-03-07T23:12:35Z
dc.date.available
2017-03-07T23:12:35Z
dc.date.issued
2017
dc.description.abstract
The purpose of this report is to gain an understanding of the regulatory environment for auditors in a jurisdiction and the extent of quality assurance and oversight that takes place. In the Report on the Observance of Standards and Codes (ROSC) Accounting and Auditing (A&A) diagnostic assessment, quality assurance (QA) refers to the system in place in a jurisdiction to monitor compliance of the work performed by independent auditors with applicable auditing, ethical, and other professional standards via on-site inspections and other activities. QA inspections and other activities may be carried out by a separate audit firm (a peer review system), a professional accountancy organization (which in some circumstances has been delegated this responsibility by a government body or regulator), or by an audit regulator independent of the accountancy profession. Questions are based on the core principles for independent audit regulators issued by the International Forum of International Audit Regulators (IFIAR) and statement of membership obligations, QA as issued by the International Federation of Accountants (IFAC). The report is structured as follows: regulatory environment for auditors; QA and audit oversight system; QA review procedures, approach, and communication of findings; QA inspectors; and investigations and sanctions.
en
dc.identifier
http://documents.worldbank.org/curated/en/479801487930126721/Report-on-the-Observance-of-Standards-and-Codes-Accounting-and-Auditing-module-B-institutional-framework-for-corporate-financial-reporting-B-7-audit-regulation-quality-assurance-and-public-oversight
dc.identifier.uri
http://hdl.handle.net/10986/26228
dc.language
English
dc.language.iso
en_US
dc.publisher
World Bank, Washington, DC
dc.rights
CC BY 3.0 IGO
dc.rights.holder
World Bank
dc.rights.uri
http://creativecommons.org/licenses/by/3.0/igo
dc.subject
international accounting standards
dc.subject
accounting
dc.subject
auditing
dc.subject
international financial reporting standards
dc.subject
quality assurance
dc.subject
financial regulation
dc.subject
public oversight
dc.subject
sanctions
dc.title
Report on the Observance of Standards and Codes, Accounting and Auditing
en
dc.title.subtitle
Module B - Institutional Framework for Corporate Financial Reporting, B.7 Audit Regulation, Quality Assurance, and Public Oversight
en
dc.type
Report
en
okr.date.disclosure
2017-02-24
okr.doctype
Economic & Sector Work
okr.doctype
Economic & Sector Work :: Accounting and Auditing Assessment
okr.docurl
http://documents.worldbank.org/curated/en/479801487930126721/Report-on-the-Observance-of-Standards-and-Codes-Accounting-and-Auditing-module-B-institutional-framework-for-corporate-financial-reporting-B-7-audit-regulation-quality-assurance-and-public-oversight
okr.googlescholar.linkpresent
yes
okr.identifier.externaldocumentum
090224b084980ef7_1_0
okr.identifier.internaldocumentum
27220297
okr.identifier.report
113027
okr.imported
true
okr.language.supported
en
okr.pdfurl
http://documents.worldbank.org/curated/en/479801487930126721/pdf/113027-ROSC-P155125-ROSC-AA-2-0-Module-B-Institutional-Framework-B-7-Audit-regulation-QA-Public-Oversight.pdf
en
okr.topic
Governance :: Governance and the Financial Sector
okr.topic
Private Sector Development :: Corporate Governance
okr.topic
Finance and Financial Sector Development :: Financial Regulation & Supervision
okr.topic
Private Sector Development :: Corporate Data and Reporting
okr.unit
Governance - GP (GGODR)

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