Accounting and Auditing

This report provides an assessment of accounting, financial reporting and auditing requirements and practices within the enterprise and financial sectors in Armenia. The report uses International Financial Reporting Standards (IFRS) formerly International Accounting Standards (IAS) and International Standards on Auditing (ISA) as benchmarks and draws on international experience and good practices in the field of accounting and audit regulation, including in European Union (EU) member states, to assess the quality of financial information and make policy recommendations. This assessment of accounting and auditing practices in Armenia is part of a joint initiative of the World Bank and International Monetary Fund (IMF) to prepare Reports on the Observance of Standards and Codes (ROSC). The assessment focuses on the strengths and weaknesses of the accounting and auditing environment that influence the quality of corporate financial reporting and includes a review of both mandatory requirements and actual practice.

Bibliographic Details

Main Author:	World Bank
Format:	Report biblioteca
Language:	English en_US
Published:	Washington, DC 2008-06
Subjects:	ACCOUNT, ACCOUNTANCY, ACCOUNTANT, ACCOUNTANTS, ACCOUNTING, ACCOUNTING POLICIES, ACCOUNTING PRINCIPLES, ACCOUNTING PROCEDURES, ACCOUNTING RECORDS, ACCOUNTING REFORM, ACCOUNTING RULES, ACCOUNTING STANDARD, ACCOUNTING STANDARDS, ACCOUNTS, ACCRUALS, ADMINISTRATION, AMOUNT OF COLLATERAL, AUDIT, AUDIT COMMITTEE, AUDIT ENGAGEMENTS, AUDIT EVIDENCE, AUDIT REPORTS, AUDIT STANDARDS, AUDITED FINANCIAL STATEMENTS, AUDITING, AUDITING PROFESSION, AUDITING STANDARDS, AUDITORS, AUDITS, BALANCE SHEET, BANKING, BANKING INSTITUTIONS, BANKING LAW, BANKING SECTOR, BANKING SUPERVISION, BOOK VALUE, BOOKKEEPING, BORROWER, BORROWERS, BROKERS, BUDGET, BUSINESS, BUSINESS ADMINISTRATION, BUSINESS FORECASTS, BUSINESS LAW, BUSINESS SCHOOLS, CAPACITY BUILDING, CAPITAL BASE, CASH FLOW, CASH FLOW STATEMENTS, CBA, CENTRAL BANK, CENTRAL DEPOSITORY, CHECK, COLLATERAL, COMMERCIAL BANKS, COMPANY LAW, COMPLIANCE GAP, CONSOLIDATED FINANCIAL STATEMENTS, CONSOLIDATED SUPERVISION, CONTRACTS, CORPORATE GOVERNANCE, CORPORATE SECURITIES, COST, COST ACCOUNTING, CREDIT, CRITERIA, CURRENT ASSETS, DEBT, DEBT FINANCING, DERIVATIVES, DISCLOSURE REQUIREMENTS, ENFORCEMENT MECHANISMS, ENFORCEMENT POWERS, ENTERPRISES, EQUIPMENT, EQUITY, EXCHANGE, EXCHANGES, EXTERNAL AUDITORS, FAIR VALUE, FEE INCOME, FINANCE, FINANCIAL INFORMATION, FINANCIAL INSTITUTION, FINANCIAL INSTITUTIONS, FINANCIAL INSTRUMENTS, FINANCIAL MANAGEMENT, FINANCIAL MARKET, FINANCIAL MARKETS, FINANCIAL PERFORMANCE, FINANCIAL RATIOS, FINANCIAL REGULATION, FINANCIAL REPORTING, FINANCIAL REPORTING STANDARDS, FINANCIAL REPORTS, FINANCIAL STATEMENT, FINANCIAL STATEMENTS, FINANCIAL SYSTEM, FOREIGN BANKS, FOREIGN CAPITAL, FOREIGN DIRECT INVESTMENT, FOREIGN INVESTMENTS, FUTURE, GLOBAL ECONOMIES, GOOD, GOOD PRACTICE, GOOD PRACTICES, GOVERNANCE ISSUES, GUARANTEES, HOLDING, HOLDINGS, IMPLEMENTATION, INSTITUTIONAL INVESTORS, INSURANCE, INSURANCE COMPANIES, INTEREST, INTERNAL AUDIT, INTERNAL CONTROLS, INTERNATIONAL ACCOUNTING STANDARDS, INTERNATIONAL ACCOUNTING STANDARDS COMMITTEE, INTERNATIONAL STANDARDS, INVENTORIES, ISSUANCE, JOINT STOCK COMPANIES, LAND, LAWS, LEGAL FRAMEWORK, LEGISLATION, LEGISLATIVE FRAMEWORK, LENDING, LENDING DECISIONS, LIABILITIES, LIFO, LIMITED LIABILITY, LIQUIDITY, LLC, LOAN, LOAN APPLICATION, LOAN DECISIONS, LOANS, MANAGEMENT ACCOUNTING, MARKET, MARKET DISCIPLINE, MARKET ECONOMY, MARKET PARTICIPANTS, MARKETING, MONETARY FUND, OPEN JOINT STOCK COMPANIES, OPEN JOINT-STOCK COMPANIES, OPTION, OWNERSHIP, PENSION, PENSION FUND, PORTFOLIO, PORTFOLIO INVESTMENT, PRINCIPAL, PROFIT, PROPERTY, PRUDENTIAL REQUIREMENTS, PRUDENTIAL STANDARD, PRUDENTIAL STANDARDS, PUBLIC POLICY, PUBLIC REGISTRY, QUALITY, QUALITY ASSURANCE, QUALITY AUDITS, QUALITY CONTROL, QUALITY STANDARDS, REGULATORY AUTHORITIES, REGULATORY AUTHORITY, REGULATORY FRAMEWORK, REGULATORY REPORTS, REORGANIZATION, RESERVE, RESOURCES, REVENUE, RISK, RISK MANAGEMENT, RISK PROFILE, SECURITIES, SECURITIES INDUSTRY, SECURITIES MARKET, SECURITIES MARKET LAW, SERVICES, SETTLEMENT, SHARE, SHAREHOLDERS, SHAREHOLDERS EQUITY, SOLVENCY, STATUTORY FUND, STOCK, STOCK EXCHANGE, TAX, TAX COMPLIANCE, TAXATION, TRADING, TRANSACTIONS, TRANSPARENCY, VALUATION, VALUE OF ASSETS,
Online Access:	http://documents.worldbank.org/curated/en/125141468208470363/Armenia-Report-on-the-Observance-of-Standards-and-Codes-ROSC-accounting-and-auditing https://hdl.handle.net/10986/28230
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