World Bank2016-12-132016-12-132014-12https://hdl.handle.net/10986/25726This 2014 Report on the Observance of Standards and Codes in Accounting and Auditing (ROSC A&A) is the second review for Ghana. Its main objectives are to: assess the degree to which the policy recommendations of the 2004 review have been implemented, identify any emerging issues since the last review and develop policy recommendations that, once implemented, would further enhance the quality of financial reporting in the country. While growth has been spurred by favorable commodity prices for gold and cocoa, the start of commercial production of oil and a booming services sector, there is still room for improvement in the business environment, business confidence and financing of the economy. The implementation of the policy recommendations contained in this report will contribute to improved business environment and investor confidence, an essential factor for economic growth.en-USCC BY 3.0 IGOACCESS TO CAPITALACCOUNTACCOUNTABILITYACCOUNTANCYACCOUNTANCY FIRMSACCOUNTANTACCOUNTANTSACCOUNTINGACCOUNTING POLICIESACCOUNTING PRACTICESACCOUNTING PRINCIPLESACCOUNTING STANDARDSACCOUNTSACCRUALSACTUARIESAUDIT REPORTSAUDITED FINANCIAL STATEMENTSAUDITINGAUDITING PROFESSIONAUDITING STANDARDSAUDITORSAUDITSBANKING LAWSBANKING SECTORBANKING SECTOR ASSETSBANKING SUPERVISIONBANKSBROKERSBUSINESS SCHOOLSCAPACITY BUILDINGCAPACITY CONSTRAINTSCAPITAL MARKETSCHECKINGCHECKSCOMMODITY PRICESCOMPANY LAWCOMPLIANCE GAPCONFLICT OF INTERESTCONSOLIDATIONCORPORATE GOVERNANCECOST RECOVERYCREDIT ASSESSMENTCREDITORCREDITOR RIGHTSCURRENCYDISCLOSURE REQUIREMENTSECONOMIC DEVELOPMENTENFORCEMENT MECHANISMSENTRY REQUIREMENTSEXCHANGE COMMISSIONEXTERNAL AUDITORSFAIR VALUEFINANCIAL INFORMATIONFINANCIAL INSTITUTIONSFINANCIAL MANAGEMENTFINANCIAL REGULATIONFINANCIAL REPORTINGFINANCIAL REPORTING STANDARDSFINANCIAL STATEMENTFINANCIAL STATEMENTSFINANCIAL SUPPORTFINANCIAL SYSTEMSFOREIGN DIRECT INVESTMENTFUND MANAGERSGAAPGOOD PRACTICEGOOD PRACTICESGOVERNMENT FUNDINGGOVERNMENT SECURITIESGROSS DOMESTIC PRODUCTINFORMATION SYSTEMINFORMATION TECHNOLOGYINFRASTRUCTURE DEVELOPMENTINSTITUTIONAL DEVELOPMENTINSURANCEINSURANCE COMPANIESINSURANCE INDUSTRYINTEREST RATESINTERNATIONAL ACCOUNTING STANDARDSINTERNATIONAL ACCOUNTING STANDARDS COMMITTEEINTERNATIONAL BANKINTERNATIONAL STANDARDINTERNATIONAL STANDARDSINVESTMENT PROJECTSINVESTOR CONFIDENCELAWSLEGAL FRAMEWORKLEGAL REFORMLEGAL REFORMSLEGISLATIONLENDERSLEVIESLIFE INSURANCELOCAL GOVERNMENTLOCAL LAWSMACROECONOMIC POLICYMARKET INFRASTRUCTUREMARKET SHAREMERGERSMICRO-FINANCEMICRO-FINANCE INSTITUTIONSMIGRATIONMONETARY FUNDOPERATING EFFICIENCYPAYMENT SYSTEMPEER REVIEWPENALTIESPENSIONPENSION FUNDPENSIONSQUALITY ASSURANCEQUALITY AUDITSQUALITY CONTROLQUALITY OF EDUCATIONQUALITY OF WORKREGISTRATION FEESREGULATORY AUTHORITYREGULATORY FRAMEWORKRETURNSRURAL BANKSSECURITIESSECURITIES DEALERSSECURITIES INDUSTRYSECURITIES REGULATIONSELF-REGULATIONSTATE ENTERPRISESSTOCK EXCHANGESUBSIDIARYTAXTAX REGIMETELECOMMUNICATIONSTERRORISMTRANSPARENCYTRUSTEESTURNOVERWITHDRAWALReportWorld Bank10.1596/25726