Report

Myanmar Report on Observance of Standards and Codes : Accounting and Auditing Module

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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
2017-06-14T19:00:01Z
dc.date.available
2017-06-14T19:00:01Z
dc.date.issued
2017-06
dc.description.abstract
Since launching fundamental political and economic reforms in 2011, Myanmar has been undergoing a major transformation aimed at increasing openness, empowerment and inclusion. The economic transition has witnessed an acceleration in growth, buoyed by improved macroeconomic management, increased gas production and exports, and stronger performance in the non-gas sectors as the economy opened up. Medium-term economic growth is projected to average 7.1 percent per year. The new Government’s economic objectives envisage Myanmar’s economy becoming more competitive and with the ability to attract increased foreign direct investment. The objectives include the development of an integrated capital market and a modern financial sector. A fundamental foundation for any market-based economy is high quality financial reporting and auditing practices. This plays a vital role in promoting improved transparency and accountability thereby ensuring a level playing field and promoting investor confidence. The Reports on the Observance of Standards and Codes (ROSC) are a joint World Bank and International Monetary Fund (IMF) initiative that helps member countries strengthen their financial systems by improving compliance with internationally recognized standards and codes. The ROSC was developed in the wake of the financial crisis of the late 1990s as part of a series of measures to strengthen the international financial architecture. The global financial community believed the implementation of internationally recognized standards and codes will provide a framework to strengthen domestic institutions, identify potential vulnerabilities, and improve transparency.
en
dc.identifier
http://documents.worldbank.org/curated/en/486091497260537835/Myanmar-Report-on-Observance-of-Standards-and-Codes-ROSC-accounting-and-auditing-module
dc.identifier.uri
http://hdl.handle.net/10986/27144
dc.language
English
dc.language.iso
en_US
dc.publisher
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
ACCOUNTING STANDARDS
dc.subject
AUDITING STANDARDS
dc.subject
MONITORING
dc.subject
COMPLIANCE
dc.subject
ENFORCEMENT
dc.subject
FINANCIAL STATEMENTS
dc.subject
INTERNATIONAL FINANCIAL REPORTING STANDARDS
dc.title
Myanmar Report on Observance of Standards and Codes
en
dc.title.subtitle
Accounting and Auditing Module
en
dc.type
Report
en
okr.date.disclosure
2017-06-12
okr.doctype
Economic & Sector Work
okr.doctype
Economic & Sector Work :: Accounting and Auditing Assessment
okr.docurl
http://documents.worldbank.org/curated/en/486091497260537835/Myanmar-Report-on-Observance-of-Standards-and-Codes-ROSC-accounting-and-auditing-module
okr.googlescholar.linkpresent
yes
okr.identifier.externaldocumentum
090224b084c7b008_1_0
okr.identifier.internaldocumentum
27571556
okr.identifier.report
116031
okr.imported
true
okr.language.supported
en
okr.pdfurl
http://documents.worldbank.org/curated/en/486091497260537835/pdf/116031-ROSC-P156868-PUBLIC-MyanmarReportonObservanceofStandardsandCodesROSC.pdf
en
okr.region.administrative
East Asia and Pacific
okr.region.country
Myanmar
okr.sector
Financial Sector
okr.theme
Public sector governance :: Other accountability/anti-corruption
okr.topic
Finance and Financial Sector Development :: Financial Regulation & Supervision
okr.topic
Governance :: Governance and the Financial Sector
okr.topic
Private Sector Development :: Corporate Data and Reporting
okr.topic
Public Sector Development :: Public Sector Corruption/Anticorruption Measures
okr.unit
GOV FAR - EAP (GGO20)

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