Ecuador : Accounting and Auditing
This report provides an assessment of accounting, financial reporting and auditing practices within the corporate sector in Ecuador, using International Financial Reporting Standards (IFRS) and International Standards on Auditing (ISA) as benchmark...
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| Format: | Accounting and Auditing Assessment (ROSC) |
| Language: | English en_US |
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Washington, DC
2013
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| Online Access: | http://documents.worldbank.org/curated/en/2004/03/6573719/ecuador-report-observance-standards-codes-rosc-accounting-auditing http://hdl.handle.net/10986/14550 |
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okr-10986-145502021-04-23T14:03:18Z Ecuador : Accounting and Auditing World Bank ACCOUNTABILITY ACCOUNTING ACCOUNTING POLICIES ACCOUNTING PRINCIPLES ACCOUNTING STANDARDS AFFILIATES AIC AUDITED FINANCIAL STATEMENTS AUDITING AUDITORS AUDITS AUTONOMY BALANCE SHEET BANKING SECTOR BANKING SUPERVISION BANKS BONDS CAPITAL MARKETS CAPITALIZATION COMMON STOCK CONSOLIDATED FINANCIAL STATEMENTS CONSOLIDATION CORPORATE INCOME TAX CREDIT UNIONS DEBT ECONOMIC GROWTH ECONOMIC INTEGRATION ECONOMIC PERFORMANCE ECONOMIC REFORM ECONOMICS ELECTRICITY EMPLOYMENT EXTERNAL AUDITORS FINANCIAL INFORMATION FINANCIAL INSTITUTIONS FINANCIAL REPORTING FINANCIAL REPORTING STANDARDS FINANCIAL SERVICES FISCAL REFORMS GAAP GENERALLY ACCEPTED ACCOUNTING PRINCIPLES INSURANCE INTERNAL CONTROLS INTERNATIONAL ACCOUNTING STANDARDS LATIN AMERICAN LEGAL FRAMEWORK LEGISLATION LEGISLATIVE FRAMEWORK LIQUIDITY MANDATES METROPOLITAN AREAS PRIVATE BANKS PRIVATE SECTOR PRIVATIZATION PROVISIONS PUBLIC PUBLIC SECTOR RISK MANAGEMENT SAVINGS SECURITIES STOCK EXCHANGES SUBSIDIARIES TAX TAX COMPLIANCE TAX LAW TAX REVENUE TECHNICAL ASSISTANCE TELECOMMUNICATIONS TRANSPARENCY This report provides an assessment of accounting, financial reporting and auditing practices within the corporate sector in Ecuador, using International Financial Reporting Standards (IFRS) and International Standards on Auditing (ISA) as benchmarks and drawing on international experience and best practices in that field. The adoption of Ecuadorian Accounting Standards (Normas Ecuatorianas de Contabilidad, or NEC) and Ecuadorian Auditing Standards (Normas Ecuatorianas de AuditorÃa, or NEA) in 1999-2000 represented a significant step forward for the country in improving the quality of its standards. Nonetheless, further efforts are needed to improve those standards which leave out a number of critical areas. In that regard, full adoption of IFRS and ISA by public-interest entities is widely viewed among country stakeholders as the best solution for Ecuador, and this report endorses the accounting profession's recent initiative for such adoption. 2013-07-25T14:49:31Z 2013-07-25T14:49:31Z 2004-03-18 http://documents.worldbank.org/curated/en/2004/03/6573719/ecuador-report-observance-standards-codes-rosc-accounting-auditing http://hdl.handle.net/10986/14550 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Washington, DC Economic & Sector Work :: Accounting and Auditing Assessment (ROSC) Economic & Sector Work Latin America & Caribbean Ecuador |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
ACCOUNTABILITY ACCOUNTING ACCOUNTING POLICIES ACCOUNTING PRINCIPLES ACCOUNTING STANDARDS AFFILIATES AIC AUDITED FINANCIAL STATEMENTS AUDITING AUDITORS AUDITS AUTONOMY BALANCE SHEET BANKING SECTOR BANKING SUPERVISION BANKS BONDS CAPITAL MARKETS CAPITALIZATION COMMON STOCK CONSOLIDATED FINANCIAL STATEMENTS CONSOLIDATION CORPORATE INCOME TAX CREDIT UNIONS DEBT ECONOMIC GROWTH ECONOMIC INTEGRATION ECONOMIC PERFORMANCE ECONOMIC REFORM ECONOMICS ELECTRICITY EMPLOYMENT EXTERNAL AUDITORS FINANCIAL INFORMATION FINANCIAL INSTITUTIONS FINANCIAL REPORTING FINANCIAL REPORTING STANDARDS FINANCIAL SERVICES FISCAL REFORMS GAAP GENERALLY ACCEPTED ACCOUNTING PRINCIPLES INSURANCE INTERNAL CONTROLS INTERNATIONAL ACCOUNTING STANDARDS LATIN AMERICAN LEGAL FRAMEWORK LEGISLATION LEGISLATIVE FRAMEWORK LIQUIDITY MANDATES METROPOLITAN AREAS PRIVATE BANKS PRIVATE SECTOR PRIVATIZATION PROVISIONS PUBLIC PUBLIC SECTOR RISK MANAGEMENT SAVINGS SECURITIES STOCK EXCHANGES SUBSIDIARIES TAX TAX COMPLIANCE TAX LAW TAX REVENUE TECHNICAL ASSISTANCE TELECOMMUNICATIONS TRANSPARENCY |
| spellingShingle |
ACCOUNTABILITY ACCOUNTING ACCOUNTING POLICIES ACCOUNTING PRINCIPLES ACCOUNTING STANDARDS AFFILIATES AIC AUDITED FINANCIAL STATEMENTS AUDITING AUDITORS AUDITS AUTONOMY BALANCE SHEET BANKING SECTOR BANKING SUPERVISION BANKS BONDS CAPITAL MARKETS CAPITALIZATION COMMON STOCK CONSOLIDATED FINANCIAL STATEMENTS CONSOLIDATION CORPORATE INCOME TAX CREDIT UNIONS DEBT ECONOMIC GROWTH ECONOMIC INTEGRATION ECONOMIC PERFORMANCE ECONOMIC REFORM ECONOMICS ELECTRICITY EMPLOYMENT EXTERNAL AUDITORS FINANCIAL INFORMATION FINANCIAL INSTITUTIONS FINANCIAL REPORTING FINANCIAL REPORTING STANDARDS FINANCIAL SERVICES FISCAL REFORMS GAAP GENERALLY ACCEPTED ACCOUNTING PRINCIPLES INSURANCE INTERNAL CONTROLS INTERNATIONAL ACCOUNTING STANDARDS LATIN AMERICAN LEGAL FRAMEWORK LEGISLATION LEGISLATIVE FRAMEWORK LIQUIDITY MANDATES METROPOLITAN AREAS PRIVATE BANKS PRIVATE SECTOR PRIVATIZATION PROVISIONS PUBLIC PUBLIC SECTOR RISK MANAGEMENT SAVINGS SECURITIES STOCK EXCHANGES SUBSIDIARIES TAX TAX COMPLIANCE TAX LAW TAX REVENUE TECHNICAL ASSISTANCE TELECOMMUNICATIONS TRANSPARENCY World Bank Ecuador : Accounting and Auditing |
| geographic_facet |
Latin America & Caribbean Ecuador |
| description |
This report provides an assessment of
accounting, financial reporting and auditing practices
within the corporate sector in Ecuador, using International
Financial Reporting Standards (IFRS) and International
Standards on Auditing (ISA) as benchmarks and drawing on
international experience and best practices in that field.
The adoption of Ecuadorian Accounting Standards (Normas
Ecuatorianas de Contabilidad, or NEC) and Ecuadorian
Auditing Standards (Normas Ecuatorianas de AuditorÃa, or
NEA) in 1999-2000 represented a significant step forward for
the country in improving the quality of its standards.
Nonetheless, further efforts are needed to improve those
standards which leave out a number of critical areas. In
that regard, full adoption of IFRS and ISA by
public-interest entities is widely viewed among country
stakeholders as the best solution for Ecuador, and this
report endorses the accounting profession's recent
initiative for such adoption. |
| format |
Economic & Sector Work :: Accounting and Auditing Assessment (ROSC) |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
Ecuador : Accounting and Auditing |
| title_short |
Ecuador : Accounting and Auditing |
| title_full |
Ecuador : Accounting and Auditing |
| title_fullStr |
Ecuador : Accounting and Auditing |
| title_full_unstemmed |
Ecuador : Accounting and Auditing |
| title_sort |
ecuador : accounting and auditing |
| publisher |
Washington, DC |
| publishDate |
2013 |
| url |
http://documents.worldbank.org/curated/en/2004/03/6573719/ecuador-report-observance-standards-codes-rosc-accounting-auditing http://hdl.handle.net/10986/14550 |
| _version_ |
1764429169555406848 |