Croatia - Report on the Observance of Standards and Codes : Accounting and Auditing

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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
2012-06-11T18:35:51Z
dc.date.available
2012-06-11T18:35:51Z
dc.date.issued
2007-10-01
dc.date.lastModified
2021-04-23T14:02:38Z
dc.description.abstract
This report provides an updated assessment of accounting, financial reporting, and auditing requirements and practices within the enterprise and financial sectors in Croatia. It uses International Financial Reporting Standards (IFRS), International Standards on Auditing (ISA), and the relevant portions of European Union (EU) law (also known as the acquis communautaire). Croatia has made considerable progress in developing its regulatory framework for corporate sector financial reporting and auditing since the publication of the first Accounting and Auditing (A&A) report on the observance of standards and codes (ROSC) in 2002. The alignment of the revised regulatory framework with the acquis communautaire has been significantly improved and lays the basis for reinforcing the institutional capacity for financial reporting and auditing. However, not all requirements of the relevant acquis have been introduced and further work is needed to achieve full compliance. The Croatian institutional framework has undergone several important changes. However, further capacity building relating to monitoring, enforcing, and strengthening supervision (except for banks) is needed to ensure proper application of IFRS and national accounting standards. This report concludes that Croatia should take further steps in order to achieve its goal of developing a robust financial reporting framework tailored to the needs of the Croatian market economy, and aligned with the acquis communautaire, international standards and best practices.
en
dc.identifier
http://documents.worldbank.org/curated/en/2007/10/9353800/croatia-report-observance-standards-codes-rosc-accounting-auditing
dc.identifier.uri
http://hdl.handle.net/10986/7688
dc.language
English
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
ACCOUNT
dc.subject
ACCOUNTANCY
dc.subject
ACCOUNTANTS
dc.subject
ACCOUNTING
dc.subject
ACCOUNTING POLICIES
dc.subject
ACCOUNTING PRINCIPLES
dc.subject
ACCOUNTING STANDARD
dc.subject
ACCOUNTING STANDARDS
dc.subject
ACCOUNTING TREATMENT
dc.subject
ACCOUNTS
dc.subject
ACQUISITION
dc.subject
ANNUAL RETURNS
dc.subject
AUDIT COMMITTEE
dc.subject
AUDIT COMMITTEES
dc.subject
AUDIT REPORTS
dc.subject
AUDITED FINANCIAL STATEMENTS
dc.subject
AUDITING
dc.subject
AUDITING PROFESSION
dc.subject
AUDITING STANDARDS
dc.subject
AUDITORS
dc.subject
AUDITS
dc.subject
AVERAGE GROWTH
dc.subject
BALANCE SHEET
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BANK ACCOUNTS
dc.subject
BANK BRANCHES
dc.subject
BANK LOANS
dc.subject
BANK SUPERVISION
dc.subject
BANKING ASSETS
dc.subject
BANKING CRISIS
dc.subject
BANKING LAW
dc.subject
BANKING SECTOR
dc.subject
BEST PRACTICE
dc.subject
BEST PRACTICES
dc.subject
BONDS
dc.subject
BOOKKEEPING
dc.subject
BORROWING
dc.subject
BROKERAGE
dc.subject
BUSINESS ASSOCIATIONS
dc.subject
BUSINESS COMBINATIONS
dc.subject
BUSINESS OPERATIONS
dc.subject
BUSINESS PLAN
dc.subject
BUSINESS SCHOOLS
dc.subject
CAPACITY BUILDING
dc.subject
CAPITAL MARKET
dc.subject
CAPITAL MARKETS
dc.subject
CASH FLOW
dc.subject
CENTRAL DEPOSITORY
dc.subject
COMPANY LAW
dc.subject
COMPLIANCE GAP
dc.subject
CORPORATE GOVERNANCE
dc.subject
CREDIBILITY
dc.subject
CREDIT LOSSES
dc.subject
CREDITOR
dc.subject
CREDITOR RIGHTS
dc.subject
CREDITORS
dc.subject
CURRICULA
dc.subject
CURRICULUM
dc.subject
DEPOSIT
dc.subject
DEPOSIT HOLDERS
dc.subject
DEPOSIT INSURANCE
dc.subject
DEPOSITS
dc.subject
DISCLOSURE REQUIREMENTS
dc.subject
EARNINGS
dc.subject
EAST EUROPE
dc.subject
EDUCATION STANDARDS
dc.subject
ENFORCEMENT MECHANISM
dc.subject
ENFORCEMENT MECHANISMS
dc.subject
EQUIPMENT
dc.subject
EXCHANGE RATES
dc.subject
EXTERNAL DEBT
dc.subject
FAIR VALUE
dc.subject
FINANCIAL ASSET
dc.subject
FINANCIAL ASSETS
dc.subject
FINANCIAL INFORMATION
dc.subject
FINANCIAL INSTITUTIONS
dc.subject
FINANCIAL INSTRUMENTS
dc.subject
FINANCIAL INTERMEDIARIES
dc.subject
FINANCIAL MANAGEMENT
dc.subject
FINANCIAL MARKETS
dc.subject
FINANCIAL POSITION
dc.subject
FINANCIAL REPORTING
dc.subject
FINANCIAL REPORTING STANDARDS
dc.subject
FINANCIAL REPORTS
dc.subject
FINANCIAL SECTOR
dc.subject
FINANCIAL SECTORS
dc.subject
FINANCIAL SERVICES
dc.subject
FINANCIAL STATEMENT
dc.subject
FINANCIAL STATEMENTS
dc.subject
FINANCIAL SYSTEM
dc.subject
FINANCIAL SYSTEMS
dc.subject
FOREIGN BANKS
dc.subject
FOREIGN CURRENCY
dc.subject
FOREIGN DIRECT INVESTMENT
dc.subject
FOREIGN EXCHANGE
dc.subject
FOREIGN INDEBTEDNESS
dc.subject
FOREIGN INVESTORS
dc.subject
FUND MANAGEMENT
dc.subject
FUTURE CASH FLOWS
dc.subject
FUTURE CREDIT
dc.subject
GOODWILL
dc.subject
GROSS DOMESTIC PRODUCT
dc.subject
INCOME
dc.subject
INFORMED DECISION
dc.subject
INSTITUTIONAL CAPACITY
dc.subject
INSTITUTIONAL DEVELOPMENT
dc.subject
INSTITUTIONAL INVESTORS
dc.subject
INSTRUMENT
dc.subject
INSURANCE
dc.subject
INSURANCE COMPANIES
dc.subject
INSURANCE MARKET
dc.subject
INTEREST RATE
dc.subject
INTEREST RATE SPREAD
dc.subject
INTERNAL AUDIT
dc.subject
INTERNATIONAL ACCOUNTING STANDARDS
dc.subject
INTERNATIONAL ACCOUNTING STANDARDS COMMITTEE
dc.subject
INTERNATIONAL BANKS
dc.subject
INTERNATIONAL FINANCIAL INSTITUTIONS
dc.subject
INTERNATIONAL STANDARDS
dc.subject
INVESTMENT FUND
dc.subject
INVESTMENT FUNDS
dc.subject
ISSUANCE
dc.subject
JOINT STOCK COMPANIES
dc.subject
JOINT STOCK COMPANY
dc.subject
LACK OF TRANSPARENCY
dc.subject
LARGE COMPANIES
dc.subject
LEGAL ADVICE
dc.subject
LEGAL FRAMEWORK
dc.subject
LEVEL OF KNOWLEDGE
dc.subject
LIFE INSURANCE
dc.subject
LIMITED LIABILITY
dc.subject
LIMITED PARTNERSHIPS
dc.subject
LIVING STANDARDS
dc.subject
LOAN
dc.subject
MARKET CAPITALIZATION
dc.subject
MARKET DISCIPLINE
dc.subject
MARKET ECONOMY
dc.subject
MARKET SHARE
dc.subject
MATURITY
dc.subject
MONETARY FUND
dc.subject
MONEY MARKET
dc.subject
NATIONAL BANK
dc.subject
NON-PERFORMING LOAN
dc.subject
PENSION
dc.subject
PENSION BENEFITS
dc.subject
PENSION FUND
dc.subject
PENSION FUNDS
dc.subject
PENSION SYSTEM
dc.subject
POTENTIAL INVESTORS
dc.subject
PRESENT VALUE
dc.subject
PRIVATE BANKS
dc.subject
PRIVATIZATION INVESTMENT
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PROVISION OF INFORMATION
dc.subject
PRUDENTIAL REGULATION
dc.subject
PUBLIC CONFIDENCE
dc.subject
PUBLIC INVESTMENTS
dc.subject
PURCHASING
dc.subject
PURCHASING POWER
dc.subject
QUALITY ASSURANCE
dc.subject
QUALITY CONTROL
dc.subject
QUALITY STANDARDS
dc.subject
REGULATORY FRAMEWORK
dc.subject
RESERVE
dc.subject
RESPONSIBILITIES
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RETIREMENT
dc.subject
RETURNS
dc.subject
SALE
dc.subject
SAVINGS
dc.subject
SAVINGS BANKS
dc.subject
SECURITIES
dc.subject
SENIOR
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SHARE CAPITAL
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SHAREHOLDER
dc.subject
SHAREHOLDERS
dc.subject
SMALLER FIRM
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SMALLER FIRMS
dc.subject
STAKEHOLDERS
dc.subject
STATUTORY AUDITORS
dc.subject
STATUTORY REQUIREMENTS
dc.subject
STOCK EXCHANGE
dc.subject
STOCK MARKETS
dc.subject
SUPERVISION OF PENSION FUNDS
dc.subject
SUPERVISORY AGENCY
dc.subject
SUPERVISORY AUTHORITY
dc.subject
SUPERVISORY BOARD
dc.subject
SUPERVISORY BOARDS
dc.subject
TAX
dc.subject
TRADE LIBERALIZATION
dc.subject
TRADING
dc.subject
TRAINING COURSES
dc.subject
TRAINING MATERIALS
dc.subject
TRAINING PROGRAM
dc.subject
TRANSPARENCY
dc.subject
TURNOVER
dc.subject
UNDERWRITERS
dc.subject
VOUCHER PRIVATIZATION
dc.subject
WITHDRAWAL
dc.subject
WORLD TRADE
dc.title
Croatia - Report on the Observance of Standards and Codes : Accounting and Auditing
en
dc.title.alternative
Hrvatska : Racunovodstvo i revizija ROSC
en
okr.crosscuttingsolutionarea
Public-Private Partnerships
okr.doctype
Economic & Sector Work :: Accounting and Auditing Assessment (ROSC)
okr.doctype
Economic & Sector Work
okr.docurl
http://documents.worldbank.org/curated/en/2007/10/9353800/croatia-report-observance-standards-codes-rosc-accounting-auditing
okr.globalpractice
Finance and Markets
okr.globalpractice
Trade and Competitiveness
okr.googlescholar.linkpresent
yes
okr.identifier.externaldocumentum
000333038_20080414040502
okr.identifier.internaldocumentum
9353800
okr.identifier.report
43054
okr.language.supported
en
okr.pdfurl
http://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2008/04/14/000333038_20080414040502/Rendered/PDF/430540WP0REPLA10Print0Version010ENG.pdf
en
okr.region.administrative
Europe and Central Asia
okr.region.country
Croatia
okr.sector
Finance :: General finance sector
okr.theme
Standards and financial reporting
okr.theme
Regulation and competition policy
okr.theme
Corporate governance
okr.theme
Financial and private sector development
okr.topic
Private Sector Development :: Competitiveness and Competition Policy
okr.topic
Private Sector Development :: Business Environment
okr.topic
Finance and Financial Sector Development :: Debt Markets
okr.topic
Private Sector Development :: Business in Development
okr.unit
World Bank Office: Vienna (ECCAT)
okr.volume
1 of 1

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