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Bangladesh has set up an ambitious target of attaining middle-income status by 2021. To achieve this objective, the economy needs to grow at a sustained rate of 7.5-8 percent annually and this would in turn require an increase in private investment to at least 26.6 percent of GDP from 22 percent...
Persistent link: https://www.econbiz.de/10012645625
Supreme audit institutions (SAIs) recognize the benefits of using technology to improve the quality and impact of their audits. This benefit has further intensified during the COVID-19 pandemic; SAIs with existing technology capacity have continued to perform their role effectively and...
Persistent link: https://www.econbiz.de/10012700680
Cambodia has achieved remarkable economic development and political stabilization in recent years. Continuous high growth has heightened demand for high quality financial reporting and auditing in the corporate sector and in the government sector. This report on the observance of standards and...
Persistent link: https://www.econbiz.de/10013209205
Since 2003, the Philippines have been striving to implement reforms aimed at improving audit quality. Oversight of the audit profession is a key control over the financial reporting architecture of a country's private sector. A Quality Assurance Review system over audit practitioners is a subset...
Persistent link: https://www.econbiz.de/10012644442
the 2006 audit directive and a new audit regulation addressing oversight of the most significant audits were adopted in … reporting requirements introduced by the regulation are expected to increase the usefulness of statutory audits of public … audit directive and the regulation will bring more consistency in audit oversight and quality assurance systems across …
Persistent link: https://www.econbiz.de/10012644765
The 2008 financial crisis highlighted weaknesses in the risk management, control and governance processes of banks as well as in their statutory audit and financial supervision. This led to increased scrutiny of the respective roles and interactions of banking supervisors and external auditors...
Persistent link: https://www.econbiz.de/10012644792
The government of Zambia is implementing the seventh National Development Plan (NDP) focused on building a diversified and resilient economy for sustained growth and social economic development (2017 - 2021). This second Zambia report on the Observance of Standards and Codes - Accounting and...
Persistent link: https://www.econbiz.de/10012645240
The purpose of this knowledge paper focusing on key accounting and auditing reforms is to assist the government to make informed decisions for future reform actions following the publication of the Macedonian Report on the Observance of Standards and Codes (ROSC) on Accounting and Auditing (A...
Persistent link: https://www.econbiz.de/10012645946
.S., there has been a global movement away from self-regulation of the auditing profession and towards independent oversight …
Persistent link: https://www.econbiz.de/10012646045
Reports on the Observance of Standards and Codes Accounting and Auditing ('ROSC AandA') assessfinancial reporting and auditing standards, institutions and practices in participating countries.These reports form part of a joint initiative implemented by the World Bank and the...
Persistent link: https://www.econbiz.de/10012646741