Georgia : Country Financial Accountability Assessment
A number of in-depth studies were conducted between the time of the preparation of the first draft CFAA report in May 2002 and the final mission in February 2003. These included a PER, CPAR and an IMF Report on the Observance of Standards and Codes...
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| Format: | Country Financial Accountability Assessment |
| Language: | English en_US |
| Published: |
Washington, DC
2013
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2003/09/4295852/georgia-country-financial-accountability-assessment http://hdl.handle.net/10986/14587 |
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okr-10986-14587 |
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| recordtype |
oai_dc |
| 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 |
ACCOUNT ACCOUNTABILITY ACCOUNTANTS ACCOUNTING ACCOUNTING PROCEDURES ACCOUNTING STANDARDS ACCOUNTING& REPORTING ACCOUNTS ADJUSTMENT LENDING ANTI-CORRUPTION AUDITING AUDITORS AUTHORITY AUTONOMOUS REGIONS BORROWING BUDGET CONTROL BUDGET EXECUTION BUDGET FORMULATION BUDGET PROCESS BUDGET SYSTEM BUDGET SYSTEMS BUDGETARY EXPENDITURES BUDGETARY FUNDS BUDGETARY SUPPORT BUDGETING CENTRAL GOVERNMENT CENTRAL TRANSFERS CITIZENS CIVIL SERVICE CONSENSUS CONSTITUTION CORPORATE INCOME TAXES DEBT DECENTRALIZATION DECISION-MAKING DEMOCRACY DEPRECIATION DIVIDEND PAYOUT EBF ECONOMIC GROWTH ECONOMIC RECOVERY ECONOMIC REFORM EXCISE TAXES EXECUTION EXPENDITURE FINANCIAL ACCOUNTABILITY FINANCIAL ACCOUNTING FINANCIAL CAPACITY FINANCIAL CONTROL FINANCIAL INFORMATION FINANCIAL MANAGEMENT FINANCIAL MANAGEMENT SYSTEMS FINANCIAL REPORTING FINANCIAL RESOURCES FINANCIAL SECTOR FINANCIAL STATEMENTS FISCAL FISCAL DEFICITS FISCAL REVENUE FISCAL SUSTAINABILITY FOREIGN EXCHANGE GOVERNMENT ACTION GOVERNMENT ENTITIES GOVERNMENT EXPENDITURES GOVERNMENT REVENUES GOVERNMENT SPENDING HUMAN RESOURCE INFLATION INSTITUTION BUILDING INTERNAL AUDIT INTERNAL AUDIT FUNCTION INTERNAL AUDITORS INTERNAL AUDITS INTERNAL CONTROLS INTERNATIONAL AUDITING STANDARDS JUDICIAL REFORM JUDICIARY LAWS LEGISLATION LOCAL AUTHORITIES LOCAL GOVERNMENT LOCAL GOVERNMENTS MINISTERS MUNICIPAL DEVELOPMENT MUNICIPAL INFRASTRUCTURE PAYROLL PENSIONS PRIVATE SECTOR PRIVATIZATION PROCUREMENT PUBLIC ENTERPRISES PUBLIC EXPENDITURE PUBLIC EXPENDITURE MANAGEMENT PUBLIC EXPENDITURE REVIEW PUBLIC EXPENDITURES PUBLIC INSTITUTIONS PUBLIC RESOURCES PUBLIC SECTOR PUBLIC SECTOR ACCOUNTING PUBLIC SECTOR MANAGEMENT REHABILITATION REPUBLICS RESOURCE ALLOCATION REVENUE GROWTH REVENUE TRANSFERS ROADS SOCIAL PROTECTION SOCIAL SECTOR SOCIAL SECTORS SOCIAL SERVICES SOLID WASTE COLLECTION STATE AGENCIES STATE BUDGET STATE FUNDS STATE REVENUES STRUCTURAL ADJUSTMENT TAX TAX POLICY TAX REVENUES TECHNICAL ASSISTANCE TRANSPORT TREASURY WATER SUPPLY INTERNAL CONTROLS EXTERNAL AUDITS HUMAN CAPITAL INVESTMENTS FIDUCIARY RISK LEGAL FRAMEWORK LEGAL REFORM INTERNAL AUDITING EXTERNAL AUDITS CAPACITY BUILDING FINANCIAL MANAGEMENT BUDGET IMPLEMENTATION GOVERNMENT SPENDING POLICY BUDGET FORMULATION BUDGET PREPARATION PUBLIC SECTOR ACCOUNTING ACCOUNTING STANDARDS CASH ACCOUNTING CASH BASIS ACCOUNTING SYSTEMS CORRUPT PRACTICES TAX ADMINISTRATION STAFF RECRUITMENT |
| spellingShingle |
ACCOUNT ACCOUNTABILITY ACCOUNTANTS ACCOUNTING ACCOUNTING PROCEDURES ACCOUNTING STANDARDS ACCOUNTING& REPORTING ACCOUNTS ADJUSTMENT LENDING ANTI-CORRUPTION AUDITING AUDITORS AUTHORITY AUTONOMOUS REGIONS BORROWING BUDGET CONTROL BUDGET EXECUTION BUDGET FORMULATION BUDGET PROCESS BUDGET SYSTEM BUDGET SYSTEMS BUDGETARY EXPENDITURES BUDGETARY FUNDS BUDGETARY SUPPORT BUDGETING CENTRAL GOVERNMENT CENTRAL TRANSFERS CITIZENS CIVIL SERVICE CONSENSUS CONSTITUTION CORPORATE INCOME TAXES DEBT DECENTRALIZATION DECISION-MAKING DEMOCRACY DEPRECIATION DIVIDEND PAYOUT EBF ECONOMIC GROWTH ECONOMIC RECOVERY ECONOMIC REFORM EXCISE TAXES EXECUTION EXPENDITURE FINANCIAL ACCOUNTABILITY FINANCIAL ACCOUNTING FINANCIAL CAPACITY FINANCIAL CONTROL FINANCIAL INFORMATION FINANCIAL MANAGEMENT FINANCIAL MANAGEMENT SYSTEMS FINANCIAL REPORTING FINANCIAL RESOURCES FINANCIAL SECTOR FINANCIAL STATEMENTS FISCAL FISCAL DEFICITS FISCAL REVENUE FISCAL SUSTAINABILITY FOREIGN EXCHANGE GOVERNMENT ACTION GOVERNMENT ENTITIES GOVERNMENT EXPENDITURES GOVERNMENT REVENUES GOVERNMENT SPENDING HUMAN RESOURCE INFLATION INSTITUTION BUILDING INTERNAL AUDIT INTERNAL AUDIT FUNCTION INTERNAL AUDITORS INTERNAL AUDITS INTERNAL CONTROLS INTERNATIONAL AUDITING STANDARDS JUDICIAL REFORM JUDICIARY LAWS LEGISLATION LOCAL AUTHORITIES LOCAL GOVERNMENT LOCAL GOVERNMENTS MINISTERS MUNICIPAL DEVELOPMENT MUNICIPAL INFRASTRUCTURE PAYROLL PENSIONS PRIVATE SECTOR PRIVATIZATION PROCUREMENT PUBLIC ENTERPRISES PUBLIC EXPENDITURE PUBLIC EXPENDITURE MANAGEMENT PUBLIC EXPENDITURE REVIEW PUBLIC EXPENDITURES PUBLIC INSTITUTIONS PUBLIC RESOURCES PUBLIC SECTOR PUBLIC SECTOR ACCOUNTING PUBLIC SECTOR MANAGEMENT REHABILITATION REPUBLICS RESOURCE ALLOCATION REVENUE GROWTH REVENUE TRANSFERS ROADS SOCIAL PROTECTION SOCIAL SECTOR SOCIAL SECTORS SOCIAL SERVICES SOLID WASTE COLLECTION STATE AGENCIES STATE BUDGET STATE FUNDS STATE REVENUES STRUCTURAL ADJUSTMENT TAX TAX POLICY TAX REVENUES TECHNICAL ASSISTANCE TRANSPORT TREASURY WATER SUPPLY INTERNAL CONTROLS EXTERNAL AUDITS HUMAN CAPITAL INVESTMENTS FIDUCIARY RISK LEGAL FRAMEWORK LEGAL REFORM INTERNAL AUDITING EXTERNAL AUDITS CAPACITY BUILDING FINANCIAL MANAGEMENT BUDGET IMPLEMENTATION GOVERNMENT SPENDING POLICY BUDGET FORMULATION BUDGET PREPARATION PUBLIC SECTOR ACCOUNTING ACCOUNTING STANDARDS CASH ACCOUNTING CASH BASIS ACCOUNTING SYSTEMS CORRUPT PRACTICES TAX ADMINISTRATION STAFF RECRUITMENT World Bank Georgia : Country Financial Accountability Assessment |
| geographic_facet |
Europe and Central Asia Georgia |
| description |
A number of in-depth studies were
conducted between the time of the preparation of the first
draft CFAA report in May 2002 and the final mission in
February 2003. These included a PER, CPAR and an IMF Report
on the Observance of Standards and Codes (ROSC) mission.
Each of these missions identified a number of serious
weaknesses and made recommendations to address them. Some of
these weaknesses had been identified in the CFAA report and
others represented new findings. These new findings and
their associated recommendations have been reflected in the
final CFAA report, sometimes by explicit inclusion, other
times by reference. As a result, this final report has a
strong emphasis on the internal control framework and
fiduciary risks and presents specific short- and medium-term
recommendations to mitigate them. In conducting its mission,
the team noted that the availability and reliability of
financial information beyond routine budget utilization data
is severely limited, precluding analysis in a number of
areas. Improving the quality of reliable, complete and
accurate financial information is essential for sound
management decision-making. This report makes four priority
and an additional twenty-one recommendations. They are
designed to strengthen the legal foundation for internal
financial control, construct a modem internal control
framework, and develop the human capacity to administer them
successfully. Internal controls must be the priority of the
Government if it is to reduce its fiduciary risk. The four
priority most areas of risk for the Government of Georgia
include: implement a sound legal foundation for effective
financial controls, build the internal audit function,
strengthen the external audit function, and build staff
capacities in financial management and auditing. |
| format |
Economic & Sector Work :: Country Financial Accountability Assessment |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
Georgia : Country Financial Accountability Assessment |
| title_short |
Georgia : Country Financial Accountability Assessment |
| title_full |
Georgia : Country Financial Accountability Assessment |
| title_fullStr |
Georgia : Country Financial Accountability Assessment |
| title_full_unstemmed |
Georgia : Country Financial Accountability Assessment |
| title_sort |
georgia : country financial accountability assessment |
| publisher |
Washington, DC |
| publishDate |
2013 |
| url |
http://documents.worldbank.org/curated/en/2003/09/4295852/georgia-country-financial-accountability-assessment http://hdl.handle.net/10986/14587 |
| _version_ |
1764428538785562624 |
| spelling |
okr-10986-145872021-04-23T14:03:17Z Georgia : Country Financial Accountability Assessment World Bank ACCOUNT ACCOUNTABILITY ACCOUNTANTS ACCOUNTING ACCOUNTING PROCEDURES ACCOUNTING STANDARDS ACCOUNTING& REPORTING ACCOUNTS ADJUSTMENT LENDING ANTI-CORRUPTION AUDITING AUDITORS AUTHORITY AUTONOMOUS REGIONS BORROWING BUDGET CONTROL BUDGET EXECUTION BUDGET FORMULATION BUDGET PROCESS BUDGET SYSTEM BUDGET SYSTEMS BUDGETARY EXPENDITURES BUDGETARY FUNDS BUDGETARY SUPPORT BUDGETING CENTRAL GOVERNMENT CENTRAL TRANSFERS CITIZENS CIVIL SERVICE CONSENSUS CONSTITUTION CORPORATE INCOME TAXES DEBT DECENTRALIZATION DECISION-MAKING DEMOCRACY DEPRECIATION DIVIDEND PAYOUT EBF ECONOMIC GROWTH ECONOMIC RECOVERY ECONOMIC REFORM EXCISE TAXES EXECUTION EXPENDITURE FINANCIAL ACCOUNTABILITY FINANCIAL ACCOUNTING FINANCIAL CAPACITY FINANCIAL CONTROL FINANCIAL INFORMATION FINANCIAL MANAGEMENT FINANCIAL MANAGEMENT SYSTEMS FINANCIAL REPORTING FINANCIAL RESOURCES FINANCIAL SECTOR FINANCIAL STATEMENTS FISCAL FISCAL DEFICITS FISCAL REVENUE FISCAL SUSTAINABILITY FOREIGN EXCHANGE GOVERNMENT ACTION GOVERNMENT ENTITIES GOVERNMENT EXPENDITURES GOVERNMENT REVENUES GOVERNMENT SPENDING HUMAN RESOURCE INFLATION INSTITUTION BUILDING INTERNAL AUDIT INTERNAL AUDIT FUNCTION INTERNAL AUDITORS INTERNAL AUDITS INTERNAL CONTROLS INTERNATIONAL AUDITING STANDARDS JUDICIAL REFORM JUDICIARY LAWS LEGISLATION LOCAL AUTHORITIES LOCAL GOVERNMENT LOCAL GOVERNMENTS MINISTERS MUNICIPAL DEVELOPMENT MUNICIPAL INFRASTRUCTURE PAYROLL PENSIONS PRIVATE SECTOR PRIVATIZATION PROCUREMENT PUBLIC ENTERPRISES PUBLIC EXPENDITURE PUBLIC EXPENDITURE MANAGEMENT PUBLIC EXPENDITURE REVIEW PUBLIC EXPENDITURES PUBLIC INSTITUTIONS PUBLIC RESOURCES PUBLIC SECTOR PUBLIC SECTOR ACCOUNTING PUBLIC SECTOR MANAGEMENT REHABILITATION REPUBLICS RESOURCE ALLOCATION REVENUE GROWTH REVENUE TRANSFERS ROADS SOCIAL PROTECTION SOCIAL SECTOR SOCIAL SECTORS SOCIAL SERVICES SOLID WASTE COLLECTION STATE AGENCIES STATE BUDGET STATE FUNDS STATE REVENUES STRUCTURAL ADJUSTMENT TAX TAX POLICY TAX REVENUES TECHNICAL ASSISTANCE TRANSPORT TREASURY WATER SUPPLY INTERNAL CONTROLS EXTERNAL AUDITS HUMAN CAPITAL INVESTMENTS FIDUCIARY RISK LEGAL FRAMEWORK LEGAL REFORM INTERNAL AUDITING EXTERNAL AUDITS CAPACITY BUILDING FINANCIAL MANAGEMENT BUDGET IMPLEMENTATION GOVERNMENT SPENDING POLICY BUDGET FORMULATION BUDGET PREPARATION PUBLIC SECTOR ACCOUNTING ACCOUNTING STANDARDS CASH ACCOUNTING CASH BASIS ACCOUNTING SYSTEMS CORRUPT PRACTICES TAX ADMINISTRATION STAFF RECRUITMENT A number of in-depth studies were conducted between the time of the preparation of the first draft CFAA report in May 2002 and the final mission in February 2003. These included a PER, CPAR and an IMF Report on the Observance of Standards and Codes (ROSC) mission. Each of these missions identified a number of serious weaknesses and made recommendations to address them. Some of these weaknesses had been identified in the CFAA report and others represented new findings. These new findings and their associated recommendations have been reflected in the final CFAA report, sometimes by explicit inclusion, other times by reference. As a result, this final report has a strong emphasis on the internal control framework and fiduciary risks and presents specific short- and medium-term recommendations to mitigate them. In conducting its mission, the team noted that the availability and reliability of financial information beyond routine budget utilization data is severely limited, precluding analysis in a number of areas. Improving the quality of reliable, complete and accurate financial information is essential for sound management decision-making. This report makes four priority and an additional twenty-one recommendations. They are designed to strengthen the legal foundation for internal financial control, construct a modem internal control framework, and develop the human capacity to administer them successfully. Internal controls must be the priority of the Government if it is to reduce its fiduciary risk. The four priority most areas of risk for the Government of Georgia include: implement a sound legal foundation for effective financial controls, build the internal audit function, strengthen the external audit function, and build staff capacities in financial management and auditing. 2013-07-25T15:38:22Z 2013-07-25T15:38:22Z 2003-09-26 http://documents.worldbank.org/curated/en/2003/09/4295852/georgia-country-financial-accountability-assessment http://hdl.handle.net/10986/14587 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Washington, DC Economic & Sector Work :: Country Financial Accountability Assessment Economic & Sector Work Europe and Central Asia Georgia |