Brazil : Report on the Observance of Standards and Codes--Accounting and Auditing
This Report on the Observance of Standards and Codes: Accounting and Auditing (ROSC A&A) has been prepared under the Financial Sector Assessment Program in Brazil. The report assesses the status of implementation of 2005 ROSC A&A policy rec...
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| Format: | Accounting and Auditing Assessment (ROSC) |
| Language: | English en_US |
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Washington, DC
2014
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2013/06/17932508/brazil-report-observance-standards-codes-rosc-accounting-auditing http://hdl.handle.net/10986/16681 |
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okr-10986-16681 |
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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 ACCOUNTANCY ACCOUNTANT ACCOUNTANTS ACCOUNTING ACCOUNTING CURRICULUM ACCOUNTING METHODS ACCOUNTING POLICIES ACCOUNTING PRINCIPLES ACCOUNTING REPORTS ACCOUNTING RESEARCH ACCOUNTING RULES ACCOUNTING STANDARD ACCOUNTING STANDARDS ACCOUNTING THEORY ACCOUNTS ASSET PRICES ASSET VALUES AUDIT COMMITTEE AUDIT COMMITTEES AUDITED FINANCIAL STATEMENTS AUDITING AUDITING PROCEDURES AUDITING STANDARDS AUDITOR ROTATION AUDITORS AUDITS BALANCE SHEET BANK CREDIT BANK EXAMINATION BANK EXAMINERS BANKING ASSETS BANKING SECTOR BANKING SUPERVISION BOARDS OF DIRECTORS BROKERS BUSINESS CONDITIONS BUSINESS LAW CAPITAL ADEQUACY CAPITAL MARKET CAPITAL MARKETS CASH FLOWS CENTRAL BANK CIVIL CODE COMMERCIAL PAPER COMMERCIAL REGISTRY COMMODITY PRICES COMPANY LAW CONFLICTS OF INTEREST CONSOLIDATED FINANCIAL STATEMENTS CORPORATE GOVERNANCE COST ACCOUNTING CREDIT COOPERATIVES CREDIT GROWTH CREDIT RATINGS CURRENCY DEBENTURES DEBT CRISIS DEBT MARKETS DEPOSIT DEPOSIT INSURANCE DEPOSITS DERIVATIVES DEVELOPMENT BANKS DISCLOSURE REQUIREMENTS DOMESTIC CAPITAL DOMESTIC EQUITY DOMESTIC MARKETS DOMESTIC SECURITIES EMPLOYMENT EQUITIES EQUITY CAPITAL EQUITY MARKET EQUITY MARKET CAPITALIZATION EXCHANGE COMMISSION EXTERNAL AUDITORS EXTERNAL DEBT FAIR VALUE FINANCIAL ACCOUNTING FINANCIAL CRISIS FINANCIAL DEEPENING FINANCIAL INFORMATION FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL INSTRUMENTS FINANCIAL MANAGEMENT FINANCIAL REPORTING FINANCIAL REPORTING STANDARDS FINANCIAL REPORTS FINANCIAL STATEMENT FINANCIAL STATEMENTS FINANCIAL SUPPORT FINANCIAL SYSTEM FINANCIAL SYSTEMS FISCAL POLICY FLEXIBLE EXCHANGE RATES FOREIGN BANKS FOREIGN DIRECT INVESTMENTS FOREIGN EXCHANGE FOREIGN EXCHANGE RESERVES FOREIGN INSURERS FOREIGN MARKETS FORENSIC ACCOUNTING FRAUD FUTURES FUTURES EXCHANGE GAAP GOOD PRACTICES GROSS DOMESTIC PRODUCT GROSS REVENUE GROSS REVENUES HOLDING HOUSING HUMAN DEVELOPMENT INCOME INEQUALITY INCOME TAX INFLATION INFORMATION SYSTEM INFORMATION SYSTEMS INSTITUTIONAL CAPACITY INSURANCE INSURANCE COMPANIES INSURANCE MARKET INSURANCE POLICIES INTEREST RATES INTERNAL AUDIT INTERNAL CONTROLS INTERNATIONAL ACCOUNTING STANDARDS INTERNATIONAL ACCOUNTING STANDARDS COMMITTEE INTERNATIONAL BANK INTERNATIONAL DEVELOPMENTS INTERNATIONAL FINANCIAL CRISIS INTERNATIONAL FINANCIAL MARKETS INTERNATIONAL STANDARD INTERNATIONAL STANDARDS INVESTMENT FUNDS ISSUANCE ISSUANCES JOINT STOCK COMPANIES LAWS LEGAL AUTHORITY LEGAL IMPEDIMENT LEGAL OBLIGATION LEGAL PROVISIONS LEGISLATION LIMITED LIABILITY LIVING STANDARDS LOAN LONG-TERM FINANCE MACROECONOMIC POLICIES MACROECONOMIC POLICY MACROECONOMIC STABILITY MANAGEMENT ACCOUNTING MANAGEMENT INFORMATION SYSTEMS MANDATES MARKET PRACTICES MARKET SHARE MICRO CREDIT MINORITY SHAREHOLDERS MONETARY FUND MORTGAGE NET PROFIT OUTSTANDING CREDIT PEER REVIEW PENALTIES PENSION PENSION FUND PENSION FUNDS PENSIONS PRIVATE SECTOR BANKS PRODUCTIVITY PRUDENTIAL SUPERVISION PUBLIC ACCOUNTING PUBLIC DEBT PUBLIC FINANCES PUBLIC OFFERINGS PUBLIC SECTOR BANKS QUALITY ASSURANCE QUALITY CONTROL REAL ESTATE LOANS REGISTRY SYSTEM REGULATORY AUTHORITIES REGULATORY FRAMEWORK REGULATORY REPORTS RETAINED EARNINGS RISK MANAGEMENT RISK MANAGEMENT SYSTEMS RISK PROFILE SAVINGS SECURITIES SECURITIES REGULATION SELF-REGULATION SETTLEMENT SHAREHOLDER SHAREHOLDERS SOLVENCY SOVEREIGN DEBT STOCK EXCHANGE STOCK MARKET SUBSIDIARIES SUBSIDIARY SUPERVISION OF BANKS SUPERVISORY AGENCY SUPERVISORY AUTHORITY TAX TAX REGIME TAXATION TRANSPARENCY UNLIMITED LIABILITY VALUATIONS WAGES |
| spellingShingle |
ACCOUNT ACCOUNTANCY ACCOUNTANT ACCOUNTANTS ACCOUNTING ACCOUNTING CURRICULUM ACCOUNTING METHODS ACCOUNTING POLICIES ACCOUNTING PRINCIPLES ACCOUNTING REPORTS ACCOUNTING RESEARCH ACCOUNTING RULES ACCOUNTING STANDARD ACCOUNTING STANDARDS ACCOUNTING THEORY ACCOUNTS ASSET PRICES ASSET VALUES AUDIT COMMITTEE AUDIT COMMITTEES AUDITED FINANCIAL STATEMENTS AUDITING AUDITING PROCEDURES AUDITING STANDARDS AUDITOR ROTATION AUDITORS AUDITS BALANCE SHEET BANK CREDIT BANK EXAMINATION BANK EXAMINERS BANKING ASSETS BANKING SECTOR BANKING SUPERVISION BOARDS OF DIRECTORS BROKERS BUSINESS CONDITIONS BUSINESS LAW CAPITAL ADEQUACY CAPITAL MARKET CAPITAL MARKETS CASH FLOWS CENTRAL BANK CIVIL CODE COMMERCIAL PAPER COMMERCIAL REGISTRY COMMODITY PRICES COMPANY LAW CONFLICTS OF INTEREST CONSOLIDATED FINANCIAL STATEMENTS CORPORATE GOVERNANCE COST ACCOUNTING CREDIT COOPERATIVES CREDIT GROWTH CREDIT RATINGS CURRENCY DEBENTURES DEBT CRISIS DEBT MARKETS DEPOSIT DEPOSIT INSURANCE DEPOSITS DERIVATIVES DEVELOPMENT BANKS DISCLOSURE REQUIREMENTS DOMESTIC CAPITAL DOMESTIC EQUITY DOMESTIC MARKETS DOMESTIC SECURITIES EMPLOYMENT EQUITIES EQUITY CAPITAL EQUITY MARKET EQUITY MARKET CAPITALIZATION EXCHANGE COMMISSION EXTERNAL AUDITORS EXTERNAL DEBT FAIR VALUE FINANCIAL ACCOUNTING FINANCIAL CRISIS FINANCIAL DEEPENING FINANCIAL INFORMATION FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL INSTRUMENTS FINANCIAL MANAGEMENT FINANCIAL REPORTING FINANCIAL REPORTING STANDARDS FINANCIAL REPORTS FINANCIAL STATEMENT FINANCIAL STATEMENTS FINANCIAL SUPPORT FINANCIAL SYSTEM FINANCIAL SYSTEMS FISCAL POLICY FLEXIBLE EXCHANGE RATES FOREIGN BANKS FOREIGN DIRECT INVESTMENTS FOREIGN EXCHANGE FOREIGN EXCHANGE RESERVES FOREIGN INSURERS FOREIGN MARKETS FORENSIC ACCOUNTING FRAUD FUTURES FUTURES EXCHANGE GAAP GOOD PRACTICES GROSS DOMESTIC PRODUCT GROSS REVENUE GROSS REVENUES HOLDING HOUSING HUMAN DEVELOPMENT INCOME INEQUALITY INCOME TAX INFLATION INFORMATION SYSTEM INFORMATION SYSTEMS INSTITUTIONAL CAPACITY INSURANCE INSURANCE COMPANIES INSURANCE MARKET INSURANCE POLICIES INTEREST RATES INTERNAL AUDIT INTERNAL CONTROLS INTERNATIONAL ACCOUNTING STANDARDS INTERNATIONAL ACCOUNTING STANDARDS COMMITTEE INTERNATIONAL BANK INTERNATIONAL DEVELOPMENTS INTERNATIONAL FINANCIAL CRISIS INTERNATIONAL FINANCIAL MARKETS INTERNATIONAL STANDARD INTERNATIONAL STANDARDS INVESTMENT FUNDS ISSUANCE ISSUANCES JOINT STOCK COMPANIES LAWS LEGAL AUTHORITY LEGAL IMPEDIMENT LEGAL OBLIGATION LEGAL PROVISIONS LEGISLATION LIMITED LIABILITY LIVING STANDARDS LOAN LONG-TERM FINANCE MACROECONOMIC POLICIES MACROECONOMIC POLICY MACROECONOMIC STABILITY MANAGEMENT ACCOUNTING MANAGEMENT INFORMATION SYSTEMS MANDATES MARKET PRACTICES MARKET SHARE MICRO CREDIT MINORITY SHAREHOLDERS MONETARY FUND MORTGAGE NET PROFIT OUTSTANDING CREDIT PEER REVIEW PENALTIES PENSION PENSION FUND PENSION FUNDS PENSIONS PRIVATE SECTOR BANKS PRODUCTIVITY PRUDENTIAL SUPERVISION PUBLIC ACCOUNTING PUBLIC DEBT PUBLIC FINANCES PUBLIC OFFERINGS PUBLIC SECTOR BANKS QUALITY ASSURANCE QUALITY CONTROL REAL ESTATE LOANS REGISTRY SYSTEM REGULATORY AUTHORITIES REGULATORY FRAMEWORK REGULATORY REPORTS RETAINED EARNINGS RISK MANAGEMENT RISK MANAGEMENT SYSTEMS RISK PROFILE SAVINGS SECURITIES SECURITIES REGULATION SELF-REGULATION SETTLEMENT SHAREHOLDER SHAREHOLDERS SOLVENCY SOVEREIGN DEBT STOCK EXCHANGE STOCK MARKET SUBSIDIARIES SUBSIDIARY SUPERVISION OF BANKS SUPERVISORY AGENCY SUPERVISORY AUTHORITY TAX TAX REGIME TAXATION TRANSPARENCY UNLIMITED LIABILITY VALUATIONS WAGES World Bank Brazil : Report on the Observance of Standards and Codes--Accounting and Auditing |
| geographic_facet |
Latin America & Caribbean Brazil |
| description |
This Report on the Observance of
Standards and Codes: Accounting and Auditing (ROSC A&A)
has been prepared under the Financial Sector Assessment
Program in Brazil. The report assesses the status of
implementation of 2005 ROSC A&A policy recommendations,
highlights recent improvements in Brazil's corporate
financial reporting framework, and sheds light on emerging
issues regarding the institutional underpinnings of
accounting and auditing practices that require further
upgrading in line with international good practices. In
addition to maintaining appropriate macroeconomic policies,
there is an extensive agenda to implement wide ranging
structural reforms to promote growth, increase productivity,
and raise living standards. Brazil's low domestic
savings and limited domestic long-term financing markets
remain a major impediment to the investment in
infrastructure that is required to sustain high economic
growth. Given the increased role played by the financial
system, especially as more families and businesses have
access to banking credit and capital markets, it will also
be necessary to further develop and strengthen Brazil's
financial markets and institutions, to help to ensure
macroeconomic stability and sustainable growth. In this
context, one of the strategic objectives of the ROSC A&A
is to help consolidate the institutional framework for
accounting and auditing in Brazil in order to support
improvements in business conditions in general, and
facilitate access to more abundant and cheaper domestic and
foreign financial resources. |
| format |
Economic & Sector Work :: Accounting and Auditing Assessment (ROSC) |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
Brazil : Report on the Observance of Standards and Codes--Accounting and Auditing |
| title_short |
Brazil : Report on the Observance of Standards and Codes--Accounting and Auditing |
| title_full |
Brazil : Report on the Observance of Standards and Codes--Accounting and Auditing |
| title_fullStr |
Brazil : Report on the Observance of Standards and Codes--Accounting and Auditing |
| title_full_unstemmed |
Brazil : Report on the Observance of Standards and Codes--Accounting and Auditing |
| title_sort |
brazil : report on the observance of standards and codes--accounting and auditing |
| publisher |
Washington, DC |
| publishDate |
2014 |
| url |
http://documents.worldbank.org/curated/en/2013/06/17932508/brazil-report-observance-standards-codes-rosc-accounting-auditing http://hdl.handle.net/10986/16681 |
| _version_ |
1764434313137356800 |
| spelling |
okr-10986-166812021-04-23T14:03:31Z Brazil : Report on the Observance of Standards and Codes--Accounting and Auditing World Bank ACCOUNT ACCOUNTANCY ACCOUNTANT ACCOUNTANTS ACCOUNTING ACCOUNTING CURRICULUM ACCOUNTING METHODS ACCOUNTING POLICIES ACCOUNTING PRINCIPLES ACCOUNTING REPORTS ACCOUNTING RESEARCH ACCOUNTING RULES ACCOUNTING STANDARD ACCOUNTING STANDARDS ACCOUNTING THEORY ACCOUNTS ASSET PRICES ASSET VALUES AUDIT COMMITTEE AUDIT COMMITTEES AUDITED FINANCIAL STATEMENTS AUDITING AUDITING PROCEDURES AUDITING STANDARDS AUDITOR ROTATION AUDITORS AUDITS BALANCE SHEET BANK CREDIT BANK EXAMINATION BANK EXAMINERS BANKING ASSETS BANKING SECTOR BANKING SUPERVISION BOARDS OF DIRECTORS BROKERS BUSINESS CONDITIONS BUSINESS LAW CAPITAL ADEQUACY CAPITAL MARKET CAPITAL MARKETS CASH FLOWS CENTRAL BANK CIVIL CODE COMMERCIAL PAPER COMMERCIAL REGISTRY COMMODITY PRICES COMPANY LAW CONFLICTS OF INTEREST CONSOLIDATED FINANCIAL STATEMENTS CORPORATE GOVERNANCE COST ACCOUNTING CREDIT COOPERATIVES CREDIT GROWTH CREDIT RATINGS CURRENCY DEBENTURES DEBT CRISIS DEBT MARKETS DEPOSIT DEPOSIT INSURANCE DEPOSITS DERIVATIVES DEVELOPMENT BANKS DISCLOSURE REQUIREMENTS DOMESTIC CAPITAL DOMESTIC EQUITY DOMESTIC MARKETS DOMESTIC SECURITIES EMPLOYMENT EQUITIES EQUITY CAPITAL EQUITY MARKET EQUITY MARKET CAPITALIZATION EXCHANGE COMMISSION EXTERNAL AUDITORS EXTERNAL DEBT FAIR VALUE FINANCIAL ACCOUNTING FINANCIAL CRISIS FINANCIAL DEEPENING FINANCIAL INFORMATION FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL INSTRUMENTS FINANCIAL MANAGEMENT FINANCIAL REPORTING FINANCIAL REPORTING STANDARDS FINANCIAL REPORTS FINANCIAL STATEMENT FINANCIAL STATEMENTS FINANCIAL SUPPORT FINANCIAL SYSTEM FINANCIAL SYSTEMS FISCAL POLICY FLEXIBLE EXCHANGE RATES FOREIGN BANKS FOREIGN DIRECT INVESTMENTS FOREIGN EXCHANGE FOREIGN EXCHANGE RESERVES FOREIGN INSURERS FOREIGN MARKETS FORENSIC ACCOUNTING FRAUD FUTURES FUTURES EXCHANGE GAAP GOOD PRACTICES GROSS DOMESTIC PRODUCT GROSS REVENUE GROSS REVENUES HOLDING HOUSING HUMAN DEVELOPMENT INCOME INEQUALITY INCOME TAX INFLATION INFORMATION SYSTEM INFORMATION SYSTEMS INSTITUTIONAL CAPACITY INSURANCE INSURANCE COMPANIES INSURANCE MARKET INSURANCE POLICIES INTEREST RATES INTERNAL AUDIT INTERNAL CONTROLS INTERNATIONAL ACCOUNTING STANDARDS INTERNATIONAL ACCOUNTING STANDARDS COMMITTEE INTERNATIONAL BANK INTERNATIONAL DEVELOPMENTS INTERNATIONAL FINANCIAL CRISIS INTERNATIONAL FINANCIAL MARKETS INTERNATIONAL STANDARD INTERNATIONAL STANDARDS INVESTMENT FUNDS ISSUANCE ISSUANCES JOINT STOCK COMPANIES LAWS LEGAL AUTHORITY LEGAL IMPEDIMENT LEGAL OBLIGATION LEGAL PROVISIONS LEGISLATION LIMITED LIABILITY LIVING STANDARDS LOAN LONG-TERM FINANCE MACROECONOMIC POLICIES MACROECONOMIC POLICY MACROECONOMIC STABILITY MANAGEMENT ACCOUNTING MANAGEMENT INFORMATION SYSTEMS MANDATES MARKET PRACTICES MARKET SHARE MICRO CREDIT MINORITY SHAREHOLDERS MONETARY FUND MORTGAGE NET PROFIT OUTSTANDING CREDIT PEER REVIEW PENALTIES PENSION PENSION FUND PENSION FUNDS PENSIONS PRIVATE SECTOR BANKS PRODUCTIVITY PRUDENTIAL SUPERVISION PUBLIC ACCOUNTING PUBLIC DEBT PUBLIC FINANCES PUBLIC OFFERINGS PUBLIC SECTOR BANKS QUALITY ASSURANCE QUALITY CONTROL REAL ESTATE LOANS REGISTRY SYSTEM REGULATORY AUTHORITIES REGULATORY FRAMEWORK REGULATORY REPORTS RETAINED EARNINGS RISK MANAGEMENT RISK MANAGEMENT SYSTEMS RISK PROFILE SAVINGS SECURITIES SECURITIES REGULATION SELF-REGULATION SETTLEMENT SHAREHOLDER SHAREHOLDERS SOLVENCY SOVEREIGN DEBT STOCK EXCHANGE STOCK MARKET SUBSIDIARIES SUBSIDIARY SUPERVISION OF BANKS SUPERVISORY AGENCY SUPERVISORY AUTHORITY TAX TAX REGIME TAXATION TRANSPARENCY UNLIMITED LIABILITY VALUATIONS WAGES This Report on the Observance of Standards and Codes: Accounting and Auditing (ROSC A&A) has been prepared under the Financial Sector Assessment Program in Brazil. The report assesses the status of implementation of 2005 ROSC A&A policy recommendations, highlights recent improvements in Brazil's corporate financial reporting framework, and sheds light on emerging issues regarding the institutional underpinnings of accounting and auditing practices that require further upgrading in line with international good practices. In addition to maintaining appropriate macroeconomic policies, there is an extensive agenda to implement wide ranging structural reforms to promote growth, increase productivity, and raise living standards. Brazil's low domestic savings and limited domestic long-term financing markets remain a major impediment to the investment in infrastructure that is required to sustain high economic growth. Given the increased role played by the financial system, especially as more families and businesses have access to banking credit and capital markets, it will also be necessary to further develop and strengthen Brazil's financial markets and institutions, to help to ensure macroeconomic stability and sustainable growth. In this context, one of the strategic objectives of the ROSC A&A is to help consolidate the institutional framework for accounting and auditing in Brazil in order to support improvements in business conditions in general, and facilitate access to more abundant and cheaper domestic and foreign financial resources. 2014-01-29T20:31:09Z 2014-01-29T20:31:09Z 2013-06-11 http://documents.worldbank.org/curated/en/2013/06/17932508/brazil-report-observance-standards-codes-rosc-accounting-auditing http://hdl.handle.net/10986/16681 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 Brazil |