World Bank2012-05-312012-05-312007978-955-890-825-9https://hdl.handle.net/10986/6797This assessment of public sector accounting and auditing is generally meant to assist with the implementation of more effective Public Financial Management (PFM) through better quality accounting and public audit processes in Sri Lanka. It is intended to provide greater stimulus for more cost-effective outcomes of government spending. The specific objectives are (a) to provide the country's accounting and audit authorities and other interested stakeholders with a common strongly founded knowledge as to where local practices stand in accordance with the internationally developed standards of financial reporting and audit; (b) to assess the prevailing variances; (c) to chart paths to reduce those variances; and (d) to provide a continuing basis for measuring improvements.en-USCC BY 3.0 IGOACCOUNTACCOUNTABILITY FRAMEWORKACCOUNTANCYACCOUNTANTSACCOUNTINGACCOUNTING FIRMSACCOUNTING POLICIESACCOUNTING PRACTICESACCOUNTING SERVICESACCOUNTING STANDARDSACCOUNTSACCRUAL ACCOUNTINGACCRUAL BASISACCRUAL BUDGETINGACCRUALSADMINISTRATIVE FRAMEWORKAPPROPRIATIONARTICLEATTESTATIONAUDIT COMMITTEESAUDIT DEPARTMENTSAUDIT ENGAGEMENTSAUDIT EVIDENCEAUDIT FINDINGSAUDIT OBJECTIVESAUDIT OFFICEAUDIT OFFICESAUDIT REPORTSAUDITED ACCOUNTSAUDITED FINANCIAL STATEMENTSAUDITINGAUDITING PROFESSIONAUDITING STANDARDSAUDITOR GENERALAUDITOR-GENERALAUDITORSAUDITSBUDGET FORMULATIONBUDGET MANAGEMENTBUDGETINGBUSINESS COMBINATIONSCAPITAL EXPENDITURECASH ACCOUNTINGCASH BASISCASH FLOWCASH FLOWSCENTRAL GOVERNMENTCIVIL SERVICECOMMERCIAL ACCOUNTINGCONFIRMATIONSCONTINGENT LIABILITIESCORPORATE GOVERNANCEDECISION- MAKINGDIAGNOSTIC TOOLDUE DILIGENCEEDUCATION PROGRAMSEXCHANGE RATESEXPENDITUREEXPENDITURE CONTROLEXPENDITURE POLICIESEXTERNAL AUDITFINANCE MINISTRYFINANCIAL ACCOUNTABILITYFINANCIAL COMPLIANCEFINANCIAL CONDITIONFINANCIAL INFORMATIONFINANCIAL INSTITUTIONSFINANCIAL MANAGEMENTFINANCIAL MANAGEMENT SYSTEMSFINANCIAL OPERATIONSFINANCIAL PERFORMANCEFINANCIAL POSITIONFINANCIAL REGULATIONSFINANCIAL REPORTINGFINANCIAL REPORTING STANDARDSFINANCIAL REPORTSFINANCIAL STATEMENTFINANCIAL STATEMENTSFINANCIAL SYSTEMSFINANCIAL YEARSFISCAL AFFAIRSFISCAL REFORMFOREIGN EXCHANGEGOOD PRACTICEGOVERNMENT ACCOUNTINGGOVERNMENT ACCOUNTSGOVERNMENT AUDITINGGOVERNMENT BUDGETGOVERNMENT EXPENDITUREGOVERNMENT GRANTSGOVERNMENT SPENDINGINCOME TAXESINDEPENDENT AUDITORINSURANCEINTANGIBLE ASSETSINTERNAL AUDITINTERNAL AUDITINGINTERNAL CONTROLINTERNAL CONTROL SYSTEMSINTERNAL CONTROLSINTERNATIONAL ACCOUNTING STANDARDSLEGISLATIVE SCRUTINYMEMBER COUNTRIESMINISTRY OF FINANCENATIONAL ACCOUNTINGNATIONAL AUDITNATIONAL AUTHORITIESNATIONAL GOVERNMENTNET SURPLUSPERFORMANCE AUDITPERFORMANCE MANAGEMENTPERFORMANCE MEASUREMENTPERFORMANCE MEASURESPERFORMANCE TARGETSPROCUREMENTPROGRAMSPROVISIONSPUBLICPUBLIC ACCOUNTABILITYPUBLIC ACCOUNTSPUBLIC ADMINISTRATIONPUBLIC CORPORATIONPUBLIC CORPORATIONSPUBLIC DISCLOSUREPUBLIC ENTERPRISEPUBLIC ENTERPRISESPUBLIC EXPENDITUREPUBLIC EXPENDITURE MANAGEMENTPUBLIC EXPENDITURE MANAGEMENT REFORMPUBLIC FINANCEPUBLIC FINANCIAL ACCOUNTABILITYPUBLIC FINANCIAL MANAGEMENTPUBLIC INTERESTPUBLIC RESOURCESPUBLIC SECTORPUBLIC SECTOR ACCOUNTINGPUBLIC SECTOR ENTITIESPUBLIC SERVANTSPUBLIC SERVICEQUALITY ASSURANCEQUALITY CONTROLRECURRENT EXPENDITUREREFORM PROGRAMREPORTING SYSTEMSREVENUE MANAGEMENTSERVICE ORGANIZATIONSSOUTH ASIANSUPREME AUDIT INSTITUTIONSUPREME AUDIT INSTITUTIONSTAXTAXATIONTOTAL EXPENDITURETRANSPARENCYTREASURYWorld Bank10.1596/978-955-890-825-9