Suriname : Report on the Observance of Standards and Codes - Accounting and Auditing

Suriname : Report on the Observance of Standards and Codes - Accounting and Auditing

This report provides an assessment of the corporate sector accounting, financial reporting, and auditing practices in Suriname, with the aim of assisting the Government of Suriname's efforts to strengthen private sector accounting and auditing...

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Bibliographic Details
Main Author:	World Bank
Format:	Accounting and Auditing Assessment (ROSC)
Language:	English en_US
Published:	Washington, DC 2012
Subjects:	ACCESS TO FINANCING ACCOUNT ACCOUNTABILITY ACCOUNTANCY ACCOUNTANCY FIRMS ACCOUNTANT ACCOUNTANTS ACCOUNTING ACCOUNTING FIRM ACCOUNTING FIRMS ACCOUNTING PRACTICES ACCOUNTING PRINCIPLES ACCOUNTING RECORDS ACCOUNTING STANDARD ACCOUNTS ACCOUNTS PAYABLE ACCOUNTS RECEIVABLE ACQUISITION AFFILIATES AUDIT COMMITTEE AUDIT ENGAGEMENTS AUDIT EVIDENCE AUDIT REPORTS AUDIT RISK AUDIT STANDARDS AUDITED FINANCIAL STATEMENTS AUDITING AUDITING PRINCIPLES AUDITING PROFESSION AUDITING STANDARDS AUDITORS AUDITS BALANCE SHEET BANK ACCOUNT BANK OF CANADA BANK SUPERVISION BANKING REGULATIONS BANKING SUPERVISION BIG ENTERPRISES BOND BUDGET SURPLUS BUSINESS COMMUNITY CAPITAL ADEQUACY CAPITAL MARKET CASH FLOW CASH FLOW STATEMENTS CASH FLOWS CENTRAL BANK CERTIFIED PUBLIC ACCOUNTANTS CIVIL LAW COLLATERAL COMMERCIAL BANKS COMMODITY PRICES CONFIRMATIONS CONFLICT OF INTEREST CONSOLIDATED FINANCIAL STATEMENTS CONSOLIDATION CONTINGENT LIABILITIES COOPERATIVES CORPORATE GOVERNANCE CREDIT RISK CREDIT UNIONS CURRENCY DEBTS DEED DEPOSIT DEPOSIT INSURANCE DEPOSITS DEVELOPING COUNTRIES DEVELOPMENT BANK DEVELOPMENT BANKS DISCLOSURE REQUIREMENTS DUE DILIGENCE ENFORCEMENT MECHANISM ENFORCEMENT MECHANISMS ENFORCEMENT PROCESSES EQUIPMENT EQUIPMENTS EXCHANGE COMMISSION EXPENDITURE FAIR VALUE FIDUCIARY RESPONSIBILITY FINANCES FINANCIAL ASSETS FINANCIAL CRISES FINANCIAL INFORMATION FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL INSTRUMENTS FINANCIAL MANAGEMENT FINANCIAL PLAN FINANCIAL REPORTING FINANCIAL REPORTING STANDARDS FINANCIAL REPORTS FINANCIAL SECTOR DEVELOPMENT FINANCIAL STATEMENTS FISCAL POLICY FIXED ASSET FIXED ASSETS FOREIGN BANK FOREIGN DIRECT INVESTMENT FOREIGN INVESTMENT FOREIGN INVESTORS GAAP GOOD PRACTICE GOOD PRACTICES GOVERNMENT AUDITING GOVERNMENT GRANTS GOVERNMENT REVENUES GOVERNMENT SUPPORT GROSS DOMESTIC PRODUCT HOLDING HUMAN RESOURCES INCOME STATEMENTS INCOME TAX INDIVIDUAL ACCOUNTS INFORMATION DISSEMINATION INSIDER LENDING INSTITUTIONAL CAPACITY INSURANCE INSURANCE COMPANIES INTERNAL AUDIT INTERNAL AUDITING INTERNATIONAL ACCOUNTING STANDARDS INTERNATIONAL AUDITING STANDARDS INTERNATIONAL BANK INTERNATIONAL BANKING INTERNATIONAL DEVELOPMENTS INTERNATIONAL STANDARD INTERNATIONAL STANDARDS INVESTING INVESTMENT CLIMATE INVESTMENT DECISION INVESTMENT DECISIONS INVESTMENT REGULATIONS LACK OF TRANSPARENCY LAWS LEGAL FRAMEWORK LEGAL FRAMEWORKS LEGAL PROVISIONS LEGISLATION LENDERS LIMITED LIABILITY LOAN LOAN APPLICATIONS LOCAL BUSINESS MARKET CAPITALIZATION MARKET RISK MICRO ENTERPRISES MINIMUM CAPITAL REQUIREMENTS MONETARY FUND OWNERSHIP STRUCTURE PENSION PENSION FUND PENSION FUNDS PORTFOLIO PRIVATE INVESTMENT PRUDENTIAL REGULATIONS PRUDENTIAL SUPERVISION PUBLIC DEBT PUBLIC ENTERPRISES PURCHASING PURCHASING POWER QUALITY ASSESSMENT QUALITY ASSURANCE QUALITY CONTROL REGULATORY FRAMEWORK REPAYMENT REPAYMENT CAPACITY SALES SAVINGS SECURITIES SECURITIES MARKET SECURITIES REGULATION SELLING SETTLEMENT SETTLEMENT OF TRANSACTIONS SHAREHOLDERS STATE ENTERPRISES STATUTORY AUDITORS STOCK EXCHANGE STOCK MARKET SUBSIDIARIES SUBSIDIARY SUPERVISORY BOARD TAX TAXATION TRADE LAW TRADING TRANSPARENCY TREATY TURNOVER VALUATIONS
Online Access:	http://documents.worldbank.org/curated/en/2012/05/16524395/suriname-report-observance-standards-codes-rosc-accounting-auditing-aa http://hdl.handle.net/10986/11962

Description
Summary:	This report provides an assessment of the corporate sector accounting, financial reporting, and auditing practices in Suriname, with the aim of assisting the Government of Suriname's efforts to strengthen private sector accounting and auditing practices and enhance financial transparency in the corporate sector, so as to support the Government's objective of private sector-led growth and deepened integration with the international economy. This ROSC A&A aims to support the government's objectives of improving the investment climate and fostering private sector growth, in particular through: (a) designing a solid legal and regulatory framework governing the accounting and audit profession in Suriname, (b) improving the technical skills of accounting and audit practitioners, and (c) enhancing the institutional capacity of the country's accounting professional body and educational institutions. The ROSC A&A focuses on the institutional framework regulating accounting and auditing practices, and the comparability of national accounting and auditing practices with international standards and best practice, using International Financial Reporting Standards (IFRS) and International Standards on Auditing (ISA) as benchmarks. It evaluates the effectiveness of enforcement mechanisms for ensuring compliance with applicable standards and codes.