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.
Summary: | 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. |
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