Bangladesh Report on the Observance of Standards and Codes

The Report on the Observance of Standards and Codes - Accounting and Auditing (ROSC A&A) program is part of a 12-module joint World Bank-IMF initiative to assist member countries to strengthen their financial systems by improving their capacity to comply with internationally recognized standards and codes. The ROSC A&A program focuses on the institutional framework underpinning national accounting and auditing practices, and degree of conformity with international standards and good practices. This 2014 update to the Report on the Observance of Standards and Codes – Accounting and Auditing (ROSC A&A) assesses the degree to which the policy recommendations of the 2003 ROSC A&A review have been implemented, identifies issues that have emerged since the last review, and proposes a number of policy recommendations aimed at further improving the quality of corporate financial reporting and auditing which contributes to improving country’s business climate, investors’ confidence and economic growth potential of Bangladesh. The policy recommendations should form the basis for a prioritized, stakeholder-driven Country Action Plan (CAP), aimed to assist in further enhancing financial reporting processes in accordance with international standards and good practices, taking into account Bangladesh’s country specific circumstances.

Bibliographic Details

Main Author:	World Bank
Format:	Report biblioteca
Language:	English en_US
Published:	World Bank, Dhaka, Bangladesh 2015
Subjects:	INTERNATIONAL ACCOUNTING STANDARDS, EXTERNAL AUDITORS, GOOD PRACTICE, EMPLOYMENT, CAPITAL MARKETS, REGULATORY FRAMEWORK, ACCOUNTING, INTANGIBLE ASSETS, PRIVATE COMMERCIAL BANKS, FINANCIAL MANAGEMENT, PRINCIPAL, COST ACCOUNTING STANDARDS, ACCOUNTANCY FIRMS, GOOD PRACTICES, INTEREST, DEPRECIATION, LAWS, INDUSTRY, INTERNAL AUDITS, SERVICES, FISCAL POLICY, FINANCIAL STATEMENTS, CAPITAL ADEQUACY, IMPACTS, MERCHANT BANKS, PRICING, PROJECTS, MERGERS, QUALITY, ACCOUNTING SOFTWARE, REPORTING, INFLATION, INTERNATIONAL BANK, CASH FLOWS, AUDITS, COST ACCOUNTING, TECHNICAL ASSISTANCE, PENALTIES, CURRENCY, COST RECOVERY, TRANSPORT, LOCAL LAWS, RESOURCE MOBILIZATION, ACCOUNTING POLICIES, AUDITORS’ REPORTS, PRIVATE BANKS, FORENSIC ACCOUNTING, INTEREST RATES, BUSINESS COMMUNITIES, CRITERIA, FINANCIAL INSTITUTIONS, FINANCIAL REPORTING, MARKETING, MARKETS, STATE OWNED BANKS, VALUATION OF STOCK, LEGISLATION, STATUTORY AUDITORS, PUBLIC FINANCE, DEPOSIT INSURANCE, LOANS, ENTERPRISES, ACCOUNT, FINANCE, ASSET CLASSIFICATION, GRANTS, INFRASTRUCTURE, TAXES, BANKING SECTOR, BANKS, EXPENDITURE, RESOURCES, INADEQUATE DISCLOSURE, AUDITED FINANCIAL STATEMENTS, ACCOUNTABILITY, PROCUREMENT, ACCOUNTANTS, AUDITORS, EXPENSES, VALUE, TAX LAWS, DEVELOPMENT BANKS, BANK, QUALITY AUDITS, CREDIT, QUALITY STANDARDS, ACCOUNTANCY, PEER REVIEW, MAINTENANCE, INTERNAL CONTROLS, MANDATES, COST, FISCAL YEAR, FACE VALUE, AUDIT REPORTS, FINANCIAL REPORTING STANDARDS, MARKET RISK, QUALITY CONTROL, SECURITIES, CREDIT RISK, GOVERNANCE, INSURANCE, TAXATION, LAND, ACCOUNTING STANDARDS, BUSINESS, RISK, COMMERCIAL BANKS, AUDIT EVIDENCE, BANKING, REVENUE, RISK MANAGEMENT, ACCOUNTS, LENDING, QUALITY ASSURANCE, BANKING SUPERVISION, AUDIT, AUDITING STANDARDS, AUDITING PROFESSION, BANK BRANCHES, FINANCIAL SYSTEMS, ADB, GOVERNMENTS, IMPLEMENTATION, GUARANTEE, BUSINESS RISK, AUDITING, FINANCIAL REPORTS,
Online Access:	http://documents.worldbank.org/curated/en/890461479708805505/Bangladesh-Report-on-the-Observance-of-Standards-and-Codes-ROSC-Accounting-and-Auditing-A-A https://hdl.handle.net/10986/25727
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