Report on the Observance of Standards and Codes on Accounting and Auditing

• Ngôn ngữ: eng
• Ký hiệu phân loại: 070.11 Documentary media, educational media, news media; journalism; publishing
• Thông tin xuất bản: World Bank, Washington, DC, 2018
• Bộ sưu tập: Tài liệu truy cập mở
• ID: 300554
• Chủ đề: 1. ACCOUNTING; 2. AUDITING; 3. CORPORATE REPORTING; 4. FINANCIAL REPORTING; 5. INTERNATIONAL FINANCIAL REPORTING STANDARDS

Tóm tắt

Reports on the Observance of Standards and Codes Accounting and Auditing ('ROSC A&A') assess financial reporting and auditing standards, institutions and practices in participating countries. These reports form part of a joint initiative implemented by the World Bank and the International Monetary Fund to review the quality of implementation of internationally recognized standards and principles in 12 key areas ('the ROSC program') with a view to promoting financial and economic stability. This report provides an assessment of financial reporting and auditing requirements and practices within the corporate sector2 in the Philippines and sets forth areas for consideration for improving the institutional environment for A&A. The ROSC A&A used international benchmarks of good practice governing financial reporting and auditing in the assessment, including International Financial Reporting Standards (IFRS) and International Standards on Auditing (ISA). This report updates an earlier assessment which was published in 2006 and was undertaken following a formal request from the Government of the Philippines.