Accounting and Auditing : Ukraine

This assessment of accounting and auditing practices in Ukraine 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 both a review of both mandatory requirements and actual practice. The report uses International Financial Reporting Standards (IFRS) and International Standards on Auditing (ISA) as benchmarks and draws on international experience and good practice in the field of accounting and auditing regulation. All the key economic sectors in Ukraine rely on high quality financial information, which requires high quality private sector accounting and auditing. As Ukraine moves towards further reforms, liberalization and deregulation in efforts to foster an investment-friendly business environment enhanced financial transparency and improved accounting and auditing practices must support this. In this context, this report sets out policy recommendations to enhance the quality of corporate financial reporting and foster a financial reporting platform conducive to sustainable private and financial sector growth, thus increasing access to global financial markets and other tools of the market economy.

Bibliographic Details

Main Author:	World Bank
Format:	Report biblioteca
Language:	English en_US
Published:	Washington, DC 2008-12
Subjects:	ACCOUNTABILITY, ACCOUNTANCY, ACCOUNTANCY FIRMS, ACCOUNTANT, ACCOUNTANTS, ACCOUNTING, ACCOUNTING FRAMEWORK, ACCOUNTING POLICIES, ACCOUNTING STANDARD, ACCOUNTING STANDARDS, ACCOUNTING SYSTEMS, ACCOUNTS, ACQUISITIONS, ASSET VALUE, AUDIT COMMITTEE, AUDIT REPORTS, AUDIT STANDARDS, AUDITED FINANCIAL STATEMENTS, AUDITING, AUDITING STANDARDS, AUDITORS, AUDITS, BALANCE SHEET, BALANCE SHEETS, BANK DEPOSITS, BANK OF LATVIA, BANKING INSTITUTIONS, BANKING LAW, BANKING LEGISLATION, BANKING REGULATIONS, BANKING SECTOR, BANKING SUPERVISION, BANKING SYSTEM, BEARER BONDS, BOOKKEEPING, BROKERAGES, BROKERS, BUSINESS ADMINISTRATION, BUSINESS SCHOOLS, CAPACITY BUILDING, CAPITAL MARKETS, CASH FLOW, CIVIL LAW, COMMERCIAL BANKS, COMMERCIAL CODES, COMPANY LAW, COMPLIANCE GAP, CONSOLIDATED FINANCIAL STATEMENTS, CORPORATE BONDS, CORPORATE GOVERNANCE, CREDIBILITY, CREDIT UNIONS, CREDITORS, DEBENTURES, DEPOSIT, DEPOSIT LIABILITIES, EARNINGS GROWTH, ECONOMIC REFORM, EQUIPMENT, EXTERNAL FUNDING, FINANCIAL ACCOUNTING, FINANCIAL INFORMATION, FINANCIAL INSTITUTION, FINANCIAL INSTITUTIONS, FINANCIAL LEASING, FINANCIAL MARKETS, FINANCIAL REPORTING, FINANCIAL REPORTING STANDARDS, FINANCIAL REPORTS, FINANCIAL SECTOR DEVELOPMENT, FINANCIAL SERVICES, FINANCIAL STATEMENT, FINANCIAL STATEMENTS, FINANCIAL SYSTEM, FOREIGN BANKS, FOREIGN CAPITAL, FOREIGN CURRENCY, FOREIGN DIRECT INVESTMENT, FOREIGN INSURERS, FOREIGN INVESTMENTS, FOREIGN INVESTORS, FREE MARKET ECONOMY, GOOD PRACTICE, GOOD PRACTICES, HOLDING, HOLDING COMPANIES, INCOME TAX, INSTITUTIONAL CAPACITY, INSURANCE, INSURANCE COMPANIES, INSURANCE PREMIUMS, INTERNATIONAL ACCOUNTING STANDARDS, INTERNATIONAL ACCOUNTING STANDARDS COMMITTEE, INTERNATIONAL DEVELOPMENT, INTERNATIONAL FINANCE, INTERNATIONAL FINANCIAL MARKETS, INTERNATIONAL MARKETS, INTERNATIONAL STANDARDS, INVESTMENT FINANCE, INVESTMENT FUNDS, INVESTMENT INSTITUTIONS, INVESTOR CONFIDENCE, ISSUERS OF SECURITIES, JOINT STOCK COMPANIES, JOINT STOCK COMPANY, JOINT-STOCK COMPANIES, LAWS, LEGAL FRAMEWORK, LEGAL PROVISIONS, LEGAL SYSTEM, LEGISLATION, LEGISLATIVE FRAMEWORK, LIABILITY, LIMITED LIABILITY, LIQUIDITY, LLC, MANAGEMENT ACCOUNTING, MARKET CONDITIONS, MARKET ECONOMY, MARKET INDICES, MARKET PARTICIPANTS, MARKET REQUIREMENTS, MINIMUM CAPITAL REQUIREMENTS, MONETARY FUND, MORTGAGE, MORTGAGE FINANCE, MUTUAL FUNDS, NATIONAL BANK, NEW ENTRANTS, OPEN JOINT STOCK COMPANIES, OPEN JOINT-STOCK COMPANIES, PARENT COMPANIES, PEER REVIEW, PENSION, PENSION FUND, PENSION FUNDS, PENSIONS, POCKET BANKS, POLITICAL UNCERTAINTIES, PORTFOLIO, POTENTIAL INVESTORS, PRIVATE PLACEMENT, PRIVATE PLACEMENTS, PRIVATIZATION, PUBLIC DISCLOSURE, PUBLIC REGISTRY, QUALITY ASSURANCE, QUALITY AUDITS, QUALITY CONTROL, REGULATORY FRAMEWORK, REGULATORY INFRASTRUCTURE, REGULATORY REPORTS, RESERVES, RETURN, RETURNS, SECURITIES, SECURITIES LAW, SECURITIES MARKET, SHAREHOLDERS, SMALL BANKS, SOLVENCY, STATUTORY AUDITORS, STOCK EXCHANGE, STOCK EXCHANGES, STOCK MARKET, STOCK MARKETS, SUBSIDIARIES, SUPERVISORY AUTHORITIES, SUPERVISORY BOARD, TAX, TAX ADMINISTRATION, TAX RULES, TAXATION, TELECOMMUNICATIONS, TRADING, TRANSPARENCY, TURNOVER,
Online Access:	http://documents.worldbank.org/curated/en/170561468313768947/Ukraine-Report-on-the-Observance-of-Standards-and-Codes-ROSC-accounting-and-auditing http://hdl.handle.net/10986/28236
Tags:	Add Tag No Tags, Be the first to tag this record!