Dominican Republic : Accounting and Auditing

This report provides an assessment of accounting, financial reporting and auditing practices within the corporate sector in the Dominican Republic (DR), using International Financial Reporting Standards (IFRS) and International Standards on Auditing (ISA) as benchmarks, and drawing on international experience and good practices in those fields. The principal objective of this ROSC assessment is to assist the Government in strengthening private sector accounting and auditing practices, and in enhancing financial transparency in the DR's corporate sector. The development objectives these efforts address are improving the investment climate, fostering competitiveness and furthering regional and international economic integration. Moreover, the recommendations arising from the assessment support the Government's efforts to ensure the stability of the financial sector and mitigate the risk of crises.

Bibliographic Details

Main Author:	World Bank
Language:	English en_US
Published:	Washington, DC 2004-12-30
Subjects:	ACCOUNTABILITY, ACCOUNTING, ACCOUNTING PRINCIPLES, ACCOUNTING PROCEDURES, ACCOUNTING RECORDS, ACCOUNTING STANDARDS, AUDITED FINANCIAL STATEMENTS, AUDITING, AUDITORS, AUDITS, BANKING SECTOR, BANKRUPTCY, BANKS, BOARDS OF DIRECTORS, BONDS, CAPITAL MARKETS, CENTRAL AMERICA, CENTRAL AMERICAN, COMMERCIAL BANKS, CONSOLIDATED FINANCIAL STATEMENTS, CONSOLIDATION, CORPORATE GOVERNANCE, CORPORATE INCOME TAX, DEBT, DEFICITS, DEVELOPMENT BANKS, DISCLAIMER OF OPINION, ECONOMIC GROWTH, ECONOMIC GROWTH RATES, ECONOMIC INTEGRATION, ENTREPRENEURSHIP, EVASION, EXTERNAL AUDITORS, FINANCIAL CRISES, FINANCIAL INFORMATION, FINANCIAL INSTITUTIONS, FINANCIAL MANAGEMENT, FINANCIAL PERFORMANCE, FINANCIAL REPORTING, FINANCIAL REPORTING STANDARDS, FINANCIAL RISK, GROSS DOMESTIC PRODUCT, HOLDING COMPANIES, INITIAL PUBLIC OFFERINGS, INSURANCE, INSURANCE PREMIUMS, INTERNAL CONTROLS, INTERNATIONAL ACCOUNTING STANDARDS, INTERNATIONAL BANKS, LATIN AMERICAN, LAWS, LEGAL FRAMEWORK, LEGISLATION, LICENSES, LIQUIDITY, LOAN LOSS PROVISIONS, PENALTIES, PENSIONS, PRIVATE SECTOR, PRIVATIZATION, PRODUCTIVITY, PROVISIONING, PUBLIC, PUBLIC SECTOR, REGULATORY FRAMEWORK, SAVINGS, SECURITIES, SUBSIDIARIES, TAX, TAXATION, TRANSPARENCY, TRINIDAD AND TOBAGO,
Online Access:	http://documents.worldbank.org/curated/en/2004/12/6576462/dominican-republic-report-observance-standards-codes-rosc-accounting-auditing-accounting-auditing-dominican-republic-report-observance-standards-codes-rosc-accounting-auditing https://hdl.handle.net/10986/14546
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