South Africa Report on the Observance of Standards and Codes

The main purpose of the South Africa Report on the Observance of Standards and Codes, Accounting and Auditing (ROSC A&A) is to determine reforms that will continue to improve the quality of financial reporting in South Africa. The review, requested by the Minister of Finance, was conducted to assess the status of implementation of policy recommendations in the prior 2003 ROSC A&A report, assess the institutional framework underpinning accounting and auditing practices in comparison with international standards and good practices in order to identify any emerging issues that require strengthening, share good practices adopted in the country, and propose policy recommendations addressing areas that require improvements. Implementation of the policy recommendations will further enhance the quality of financial reporting in the country, a key pillar that contributes to enhancing the business environment and advancement of governance and financial accountability in both the private and public sector entities. The review focuses on private sector. Financial reporting in public sector is assessed under public expenditure and financial accountability framework.

Bibliographic Details

Main Author:	World Bank
Format:	Report biblioteca
Language:	English en_US
Published:	World Bank, Washington, DC 2013-06
Subjects:	ACCOUNT, ACCOUNTABILITY, ACCOUNTANCY, ACCOUNTANTS, ACCOUNTING, ACCOUNTING FIRM, ACCOUNTING FIRMS, ACCOUNTING PERIOD, ACCOUNTING PRACTICES, ACCOUNTING SERVICES, ACCOUNTING STANDARDS, ACCOUNTS, AUDIT COMMITTEE, AUDIT COMMITTEES, AUDIT REPORTS, AUDITED FINANCIAL STATEMENTS, AUDITING, AUDITING PROFESSION, AUDITING STANDARDS, AUDITORS, AUDITS, BANKS, BOOKKEEPING, BUSINESS ETHICS, BUSINESS MANAGEMENT, CAPITAL MARKETS, CAPITALIZATION, CATEGORIES OF COMPANIES, CERTIFIED ACCOUNTANTS, CERTIFIED PUBLIC ACCOUNTANTS, CHARTER, CHIEF EXECUTIVE, CHIEF EXECUTIVES, CHIEF FINANCIAL OFFICERS, CLOSE CORPORATION, CLOSE CORPORATIONS, COLLECTIVE, COMPANIES ACT, COMPANY, CORPORATE GOVERNANCE, CORPORATIONS ACT, EXPENDITURE, FINANCIAL AUDITS, FINANCIAL INFORMATION, FINANCIAL MANAGEMENT, FINANCIAL MARKETS, FINANCIAL REPORT, FINANCIAL REPORTING, FINANCIAL REPORTING STANDARDS, FINANCIAL SERVICES, FINANCIAL STATEMENT, FINANCIAL STATEMENTS, FINANCIAL YEARS, GAAP, GOOD PRACTICE, GOOD PRACTICES, GOVERNANCE PRINCIPLES, GROSS REVENUE, HOLDING COMPANY, INCOME DISTRIBUTION, INCORPORATED, INCORPORATION, INCORPORATIONS, INDEPENDENT AUDIT, INDIVIDUALS, INSURANCE, INTERNAL AUDIT, INTERNAL AUDITORS, INTERNATIONAL ACCOUNTING STANDARDS, INVESTIGATION, LEGISLATION, LIMITED, LIMITED LIABILITY, LIMITED LIABILITY PARTNERSHIP, LIMITED LIABILITY PARTNERSHIPS, LOCAL GOVERNMENT, MANAGERS, MANDATES, MERGER, MERGERS, MUNICIPALITIES, MUTUAL RECOGNITION, PERSONS, PRIVATE COMPANIES, PUBLIC ACCOUNTANTS, PUBLIC COMPANIES, PUBLIC COMPANY, PUBLIC FINANCE, QUALITY CONTROL, REGISTRAR OF COMPANIES, REGULATORY FRAMEWORK, REGULATORY INSTITUTIONS, REGULATORY REFORMS, REPORTING, REPORTING SYSTEMS, RISK MANAGEMENT, SHAREHOLDERS, SOCIETY, SOLE PROPRIETORSHIP, SPONSORS, STAKEHOLDER, STAKEHOLDERS, STATE-OWNED COMPANIES, STOCK EXCHANGE, SUBSIDIARIES, SYSTEMIC RISK, UNIVERSITIES,
Online Access:	http://documents.worldbank.org/curated/en/271661479710323290/South-Africa-Report-on-the-observance-of-standards-and-codes-ROSC-accounting-and-auditing https://hdl.handle.net/10986/25729
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