World Bank2013-07-242013-07-242002-12-15https://hdl.handle.net/10986/14533This report is an assessment of the status of the Federal Republic of Yugoslavia'sfinancial accountability at June 2002. This first CFAA for the FRY focuses on the most critical issues in the near-to-medium term. In this context, the CFAA concentrates on public sector accountability and on fiduciary arrangements for Bank-financed projects, with a limited review of private sector accounting and auditing arrangements that focuses on those issues that might affect the fiduciary safeguards and arrangements. The report is arranged as follows: Section 2 examines punlic sector budget management. Section 3 focuses on public sector payments, cash management, and treasury. Section 4 assesses public sector accounting and reporting. Section 5 describes public sector financial controls, and internal and external audit capabilities. Section 6 scrutinizes banking, accounting, and fiduciary considerations in the financial and private sectors; and elaborates fiduciary risk assessment and management.en-USCC BY 3.0 IGOACCOUNTACCOUNTANTSACCOUNTINGACCOUNTING POLICIESACCOUNTING PROCEDURESACCOUNTING RECORDSACCOUNTING STANDARDSACCOUNTSANTI-CORRUPTIONAUDIT DEPARTMENTSAUDITINGAUDITING STANDARDSAUDITORSAUDITSBANKING LAWSBANKING SECTORBOOKKEEPINGBUDGET EXECUTIONBUDGET MANAGEMENTBUDGET PROCESSBUDGET SYSTEMBUDGETARY FUNDSBUDGETINGCASH FLOWSCASH MANAGEMENTCOMMERCIAL BANKSCONSOLIDATIONCORRESPONDENT BANKSDEBTDEBT MANAGEMENTDECISION- MAKINGDEMOCRACYEXPENDITURE MANAGEMENTEXPENDITURESFEDERAL GOVERNMENTFINANCIAL ACCOUNTABILITYFINANCIAL ACCOUNTINGFINANCIAL CONTROLFINANCIAL DATAFINANCIAL INFORMATIONFINANCIAL INSTITUTIONFINANCIAL MANAGEMENTFINANCIAL MANAGEMENT SYSTEMSFINANCIAL PLANNINGFINANCIAL RESOURCESFINANCIAL SECTORFINANCIAL SUPPORTFINANCIAL TRANSACTIONSFISCALFISCAL DISCIPLINEFISCAL TRANSPARENCYGOOD GOVERNANCEGOVERNMENT ACCOUNTINGGOVERNMENT ACCOUNTING SYSTEMSGOVERNMENT LEVELGOVERNMENT REVENUEGOVERNMENT REVENUESGOVERNMENTAL ORGANIZATIONGROSS DOMESTIC PRODUCTINSTITUTIONAL ARRANGEMENTSINTERNAL AUDITINTERNAL AUDITINGINTERNAL CONTROLSINTERNAL REGULATIONSINTERNATIONAL ACCOUNTING STANDARDSINVENTORYJUDICIARYLEGAL FRAMEWORKLEGALITYLEGISLATIONLEGISLATURELEGISLATURESLEVELS OF GOVERNMENTMINISTRIES OF EDUCATIONMINISTRIES OF FINANCEMINISTRY OF FINANCENATIONSPAYROLLPOLITICAL UNCERTAINTYPRIVATE SECTORPROCUREMENTPROVISIONSPUBLIC EXPENDITUREPUBLIC FINANCEPUBLIC FINANCE MANAGEMENTPUBLIC FUNDSPUBLIC INSTITUTIONSPUBLIC RESOURCESPUBLIC SECTORPUBLIC SECTOR ACCOUNTABILITYPUBLIC SECTOR ACCOUNTINGPUBLIC SPENDINGREHABILITATIONREPORTINGREPUBLICSREVENUE MANAGEMENTRISK MANAGEMENTSEPARATION OF POWERSSTATE AGENCIESSTRUCTURAL ADJUSTMENTTAXTECHNICAL ASSISTANCETRANSPARENCYTREASURY PUBLIC FINANCEPUBLIC SECTOR MANAGEMENTBUDGET MANAGEMENTLEGISLATIVE FRAMEWORKBUDGET PROCESSBUDGET IMPLEMENTATIONBUDGET LAW & LEGISLATIONCASH MANAGEMENTTREASURYPAYMENTS ARRANGEMENTSPUBLIC ACCOUNTINGREPORTINGACCOUNTING STANDARDSINTERNAL AUDITSEXTERNAL AUDITORSGOVERNMENT CREDIBILITYCORRUPTION IN POLITICSCORRUPT PRACTICESBANKING LEGISLATIONBANKING SECTOR REFORMSSAFEGUARDSRISK ASSESSMENTSRISK MANAGEMENTWorld Bank10.1596/14533