World Bank2012-03-192012-03-192010-05-01https://hdl.handle.net/10986/2890This report aims to support regional collaboration and renewed collective efforts to strengthen financial management and oversight practices in South Asia. It compares the public sector accounting and auditing practices in eight South Asian countries to international standards. It is intended to inform public sector accounting and auditing authorities, primarily Ministries of Finance, accountants general, and auditors general, and support their efforts to provide senior policy makers and the general public in their countries with credible, relevant, and useful financial information about the collection, management, and use of public resources. This report is based on detailed 'gap analysis' assessments that were prepared in recent years in Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, and Sri Lanka, providing comparisons of public sector accounting and auditing practices in those countries to international standards. This report is a synthesis of the gap analysis reports.CC BY 3.0 IGOACCESS TO INFORMATIONACCOUNTABILITYACCOUNTANTACCOUNTING STANDARDSACCOUNTING SYSTEMSACCRUAL ACCOUNTINGACCRUAL ACCOUNTING SYSTEMACCRUAL BASISAUDIT COMMITTEEAUDIT COMMITTEESAUDIT FINDINGSAUDIT OFFICEAUDIT STANDARDAUDIT STANDARDSAUDIT SYSTEMAUDITING STANDARDSAUDITOR GENERALAUDITORSBALANCE SHEETBEST PRACTICEBORROWING COSTSBUDGET CYCLEBUDGET EXECUTIONBUDGET FORMULATIONBUDGET INFORMATIONBUDGET MANAGEMENTBUDGETINGBUREAUCRATIC RESISTANCECAPACITY BUILDINGCAPITAL RESOURCESCASH BALANCESCASH BASISCASH FLOWCASH PAYMENTSCENTRAL GOVERNMENTCHART OF ACCOUNTSCHECKSCIVIL SERVANTSCONFLICT OF INTERESTCONTINGENT LIABILITIESCRIMINALCRIMINAL LIABILITYDEBT MANAGEMENTDECISION-MAKINGDEVELOPING COUNTRIESDEVELOPMENT BANKDISCLOSURE OF INFORMATIONDISCLOSURE REQUIREMENTSDISCRETIONECONOMIC DEVELOPMENTEDUCATION PROGRAMSENTRY REQUIREMENTSEQUIPMENTETHICSEXCHANGE RATESEXPENDITURE DECISIONSEXPENDITURE POLICIESEXPENDITURESEXTERNAL AUDITEXTERNAL AUDITSFAIR VALUEFINANCESFINANCIAL ACCOUNTABILITYFINANCIAL ACCOUNTINGFINANCIAL AUDITSFINANCIAL INFORMATIONFINANCIAL INSTRUMENTSFINANCIAL MANAGEMENTFINANCIAL MANAGEMENT SYSTEMSFINANCIAL PERFORMANCEFINANCIAL REPORTINGFINANCIAL REPORTING STANDARDSFINANCIAL REPORTSFINANCIAL STATEMENTFINANCIAL STATEMENTSFINANCIAL TRANSACTIONSFISCAL AFFAIRSFISCAL VULNERABILITYFOREIGN EXCHANGEFRAUDGOOD GOVERNANCEGOVERNMENT ACCOUNTINGGOVERNMENT ACCOUNTING STANDARDSGOVERNMENT OFFICIALSGOVERNMENT SPENDINGHOLDINGINDEPENDENT AUDITORINFORMATION SYSTEMINFORMATION SYSTEMSINITIATIVEINTANGIBLEINTANGIBLE ASSETSINTEGRITYINTERNAL AUDITINTERNAL CONTROLINTERNAL CONTROLSINTERNATIONAL DEVELOPMENTINTERNATIONAL STANDARDSINVENTORIESLEGAL FRAMEWORKLEGISLATIVE SCRUTINYLIABILITYLIMA DECLARATIONLOCAL GOVERNMENTSMINISTRIES OF FINANCEMINISTRY OF FINANCEMODEL LAWMODEL LAWSMONETARY FUNDNATIONAL AUDITNATIONAL GOVERNMENTSOFFENSEPARLIAMENTARY OVERSIGHTPERFORMANCE AUDITPERFORMANCE AUDITINGPERFORMANCE AUDITSPRIVATE SECTORPROCUREMENTPROGRAMSPROVINCIAL LEVELSPROVISIONSPUBLICPUBLIC ACCOUNTSPUBLIC ADMINISTRATIONPUBLIC AUTHORITIESPUBLIC DEBTPUBLIC ENTERPRISESPUBLIC EXPENDITUREPUBLIC FINANCEPUBLIC FINANCIAL MANAGEMENTPUBLIC FUNDSPUBLIC INSTITUTIONSPUBLIC INTERESTPUBLIC MONIESPUBLIC RESOURCESPUBLIC SECTORPUBLIC SECTOR ACCOUNTINGPUBLIC SECTOR ENTITIESPUBLIC SERVANTSPUBLIC SERVICEQUALITY ASSURANCEQUALITY CONTROLQUALITY CONTROL PROCEDURESQUALITY CONTROL REVIEWSREFORM PROGRAMSREFORMS IN BUDGET EXECUTIONREGIONAL GOVERNMENTSREVENUE MANAGEMENTRISK MANAGEMENTSANCTIONSUPREME AUDIT INSTITUTIONSUPREME AUDIT INSTITUTIONSTRANSPARENCYWorld Bank10.1596/2890