Republic of Liberia : Accounting and Auditing

This report provides an assessment of the corporate sector accounting, financial reporting, and auditing practices in Liberia. The assessment undertaken is positioned within the broader context of the country s institutional framework and capacity needed to enhance the quality of corporate financial reporting that is a key contributor to improving investor confidence and ultimately economic growth. Efforts are necessary for strengthening the capacity of the regulators and developing accounting and auditing standards in Liberia.

Bibliographic Details

Main Author:	World Bank
Format:	Accounting and Auditing Assessment (ROSC) biblioteca
Language:	English en_US
Published:	Washington, DC 2011-02-14
Subjects:	ACCOUNT, ACCOUNTABILITY, ACCOUNTANCY, ACCOUNTANCY FIRMS, ACCOUNTING, ACCOUNTING CURRICULA, ACCOUNTING FIRM, ACCOUNTING FIRMS, ACCOUNTING PRINCIPLES, ACCOUNTING STANDARD, ACCOUNTING STANDARDS, ACCOUNTING TREATMENT, ACTUARIES, ADEQUATE DISCLOSURE, AFFILIATES, AUDIT ENGAGEMENTS, AUDIT EVIDENCE, AUDIT REPORTS, AUDITED FINANCIAL STATEMENTS, AUDITING, AUDITING PROCEDURES, AUDITING PROFESSION, AUDITING STANDARDS, AUDITORS, AUDITS, BALANCE SHEET, BANK LOAN, BANKING RISKS, BANKING SERVICES, BANKING SUPERVISION, BANKING SYSTEM, BANKS, BUSINESS COMMUNITY, BUSINESS ETHICS, BUSINESS MANAGEMENT, CAPACITY CONSTRAINTS, CAPITAL INVESTMENT, CAPITAL MARKET, CAPITAL MARKETS, CAPITAL REQUIREMENTS, CASH BALANCES, CENTRAL BANK, CERTIFIED PUBLIC ACCOUNTANTS, CIVIL SERVICE, COLLATERAL, COMMERCIAL BANK, COMMERCIAL BANKS, COMMERCIAL CREDITORS, COMPETITIVE BIDDING, COMPLIANCE GAPS, CONSOLIDATED FINANCIAL STATEMENTS, CONSOLIDATION, CONTINGENT LIABILITIES, CREDIT APPROVAL, CREDIT HISTORIES, CREDIT RATING, CURRENT ASSETS, DEBT, DEBT REDUCTION, DEBT RELIEF, DEBT SERVICE, DEPRECIATION, DEVELOPMENT BANK, DIRECT INVESTMENTS, DISCLOSURE REQUIREMENTS, DUE DILIGENCE, EMPLOYMENT, ENFORCEMENT MECHANISM, ENFORCEMENT MECHANISMS, ENFORCEMENT PROCESS, ENFORCEMENT SYSTEM, EQUIPMENT, EXPENDITURE, FAIR MARKET VALUE, FAIR VALUES, FIDUCIARY RESPONSIBILITY, FINANCIAL ASSETS, FINANCIAL CRISES, FINANCIAL INFORMATION, FINANCIAL INSTITUTION, FINANCIAL INSTITUTIONS, FINANCIAL MANAGEMENT, FINANCIAL MARKET, FINANCIAL REPORTING, FINANCIAL REPORTING STANDARDS, FINANCIAL REPORTS, FINANCIAL SERVICES, FINANCIAL STABILITY, FINANCIAL STATEMENT, FINANCIAL STATEMENTS, FINANCIAL STRENGTH, FINANCIAL TRANSACTIONS, FIXED ASSETS, FOREIGN CURRENCIES, FOREIGN CURRENCY, FOREIGN CURRENCY EXPOSURE, FOREIGN DIRECT INVESTMENT, FOREIGN EXCHANGE, FOREIGN INVESTMENT, FOREIGN INVESTMENTS, FOREIGN INVESTORS, GAAP, GOOD PRACTICE, GOVERNANCE ISSUE, GROSS DOMESTIC PRODUCT, HUMAN RESOURCE, IMAGE, INADEQUATE DISCLOSURE, INFLATION, INFORMATION SYSTEM, INFORMATION TECHNOLOGY, INFRASTRUCTURE INVESTMENT, INSTALLMENT SALES, INSTITUTIONAL CAPACITY, INSURANCE, INSURANCE COMPANIES, INSURANCE COMPANY, INSURANCE INDUSTRY, INTERNATIONAL ACCOUNTING STANDARDS, INTERNATIONAL ACCOUNTING STANDARDS COMMITTEE, INTERNATIONAL DEVELOPMENT, INTERNATIONAL DEVELOPMENTS, INTERNATIONAL MARKET, INTERNATIONAL STANDARD, INTERNATIONAL STANDARDS, INVENTORIES, INVENTORY, INVESTMENT CLIMATE, INVESTMENT DECISION, INVESTMENT DECISIONS, INVESTMENT INSTRUMENTS, INVESTOR CONFIDENCE, ISSUANCE, LAND TITLE, LAWS, LEGAL AUTHORITY, LEGAL FRAMEWORK, LEGAL OBLIGATIONS, LEGAL PROVISIONS, LEGISLATION, LOAN, LOAN APPLICATION, LOCAL BANKS, LONG-TERM INVESTMENT, MARKET PARTICIPANTS, MARKET VALUE, MARKETING, MICROFINANCE, MICROFINANCE INSTITUTIONS, MINIMUM CAPITAL REQUIREMENTS, MINORITY INVESTORS, MONETARY FUND, NON-PERFORMING LOANS, PENALTIES, POLITICAL STABILITY, PORTFOLIO, PORTFOLIO INVESTMENT, POTENTIAL INVESTORS, PRIVATE INVESTMENT, PROCUREMENT, PRUDENTIAL REGULATIONS, PRUDENTIAL REQUIREMENTS, PUBLIC ACCOUNTING, QUALITY ASSESSMENT, QUALITY ASSURANCE, QUALITY AUDITS, QUALITY CONTROL, REGULATORY CAPACITY, REGULATORY FRAMEWORK, RETURNS, SALES, SECURITIES, SHAREHOLDERS, STATE ENTERPRISES, STATUTORY AUDITORS, SUBSIDIARIES, SUPERVISION OF BANK, TAX, TAX RULES, TAXATION, TRANSPARENCY, TRANSPORT, UNAUDITED FINANCIAL STATEMENTS, VALUATION,
Online Access:	http://documents.worldbank.org/curated/en/2011/02/16344782/liberia-report-observance-standards-codes-rosc http://hdl.handle.net/10986/12666
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