Latvia : Report on the Observance of Standards and Codes on Accounting and Auditing
This assessment of accounting and auditing practices in Latvia is part of a joint initiative of the World Bank and International Monetary Fund (IMF) to prepare Reports on the Observance of Standards and Codes (ROSC). One of the twelve ROSC modules focuses on Accounting and Auditing (A&A), thi...
| Main Author: | |
|---|---|
| Format: | Report |
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2016
|
| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2014/09/25390477/report-observance-standards-codes-accounting-auditing http://hdl.handle.net/10986/24095 |
| id |
okr-10986-24095 |
|---|---|
| recordtype |
oai_dc |
| spelling |
okr-10986-240952021-04-23T14:04:19Z Latvia : Report on the Observance of Standards and Codes on Accounting and Auditing World Bank Group INTERNATIONAL ACCOUNTING STANDARDS ACCOUNTING PRINCIPLES EXTERNAL AUDITORS EMPLOYMENT CAPITAL MARKETS FINANCIAL SERVICES REGULATORY FRAMEWORK CASH FLOW STATEMENTS INTANGIBLE ASSETS ACCOUNTING FINANCIAL MANAGEMENT PRINCIPAL GOOD PRACTICES PUBLIC DISCLOSURE SALES INTEREST DEPRECIATION LAWS FACTORING GUARANTEES INDUSTRY BUSINESS ADMINISTRATION STRATEGIES RESOURCE ALLOCATION SERVICES REVALUATION SURPLUS TAX COLLECTION FINANCIAL PERFORMANCE INDICATORS HOUSING BOOK VALUE FINANCIAL STATEMENTS DISTRIBUTION PRICING PROJECTS ACCRUALS OWNERSHIP PLANNING BUSINESS ASSOCIATIONS QUALITY BUDGETING MANAGEMENT REPORTS REPORTING ACQUISITIONS MUNICIPALITIES AUDITS ACCOUNTING SERVICES EQUITY CAPITAL LONG TERM ASSETS ACCUMULATED DEPRECIATION TECHNICAL ASSISTANCE PENALTIES LEGAL PROVISIONS CREDIT UNIONS ACQUISITION TRANSPORT FINANCIAL DATA ACCOUNTING POLICIES TRANSFERS ACCOUNTING RULES CURRENT ASSETS CABINET OF MINISTERS CRITERIA FINANCIAL INSTITUTIONS MARKETS DEBT FINANCIAL REPORTING LOCAL GOVERNMENT LEGISLATION STATUTORY AUDITORS BUSINESS COMBINATIONS ACCOUNTING FIRMS FIXED ASSET LOANS ENTERPRISES GROSS PROFIT ENFORCEMENT POWERS INVENTORY FINANCIAL SYSTEM LEGAL FRAMEWORK ACCOUNT FINANCE INFRASTRUCTURE TAXES BANKING SECTOR BANKS EXPENDITURE RESOURCES AUDITED FINANCIAL INFORMATION OPERATING LEASES EQUITY GOODWILL GAAP AUDITED FINANCIAL STATEMENTS ACCOUNTABILITY INTERNAL AUDITORS ACCOUNTANTS CAPITAL AUDITORS EXPENSES FINANCIAL STABILITY SUBSIDIARIES INTERNATIONAL AUDITING STANDARDS VALUE BANK QUALITY AUDITS CREDIT QUALITY STANDARDS BUDGETS ACCOUNTANCY COST OF SALES DEFERRED INCOME PEER REVIEW BANK OF LATVIA CAPITALIZATION FINANCIAL PERFORMANCE PROPERTY FOREIGN BANKS COST ACCUMULATED INCOME AFFILIATES BALANCE SHEET AUDIT REPORTS FINANCIAL REPORTING STANDARDS QUALITY CONTROL CONSOLIDATED FINANCIAL STATEMENTS SUBSIDIARY RISK FACTORS ADMINISTRATION GOVERNANCE INTEGRATED SUPERVISION INSURANCE INSURANCE PREMIUMS BOOKKEEPING TAXATION PAYROLL PARENT COMPANIES PRUDENTIAL REQUIREMENTS RETAINED EARNINGS ACCOUNTING STANDARDS AUDIT COMMITTEES BUSINESS RISK COMMERCIAL BANKS ACCOUNTING INTERPRETATIONS ASSOCIATED COMPANIES AUDIT EVIDENCE ACCOUNTING TREATMENT TAX ADMINISTRATION REVENUE AUDITOR ROTATION ACCOUNTS ACQUISITION COSTS QUALITY ASSURANCE EXTRAORDINARY INCOME AUDITING STANDARDS AUDIT FINANCIAL ACCOUNTING BANK BRANCHES AUDITING PROFESSION GOVERNMENTS IMPLEMENTATION AUDITING FINANCIAL REPORTS CONSOLIDATION This assessment of accounting and auditing practices in Latvia is part of a joint initiative of the World Bank and International Monetary Fund (IMF) to prepare Reports on the Observance of Standards and Codes (ROSC). One of the twelve ROSC modules focuses on Accounting and Auditing (A&A), this assessment addresses the strengths and weaknesses of the accounting and auditing environment that influence the quality of corporate financial reporting and includes a review of both mandatory requirements and actual practice. This is the second A&A ROSC for Latvia. The first one was published in 2005. 2016-04-19T21:57:29Z 2016-04-19T21:57:29Z 2014-09 Report http://documents.worldbank.org/curated/en/2014/09/25390477/report-observance-standards-codes-accounting-auditing http://hdl.handle.net/10986/24095 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Economic & Sector Work :: Accounting and Auditing Assessment (ROSC) Economic & Sector Work Europe and Central Asia Latvia |
| 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 |
INTERNATIONAL ACCOUNTING STANDARDS ACCOUNTING PRINCIPLES EXTERNAL AUDITORS EMPLOYMENT CAPITAL MARKETS FINANCIAL SERVICES REGULATORY FRAMEWORK CASH FLOW STATEMENTS INTANGIBLE ASSETS ACCOUNTING FINANCIAL MANAGEMENT PRINCIPAL GOOD PRACTICES PUBLIC DISCLOSURE SALES INTEREST DEPRECIATION LAWS FACTORING GUARANTEES INDUSTRY BUSINESS ADMINISTRATION STRATEGIES RESOURCE ALLOCATION SERVICES REVALUATION SURPLUS TAX COLLECTION FINANCIAL PERFORMANCE INDICATORS HOUSING BOOK VALUE FINANCIAL STATEMENTS DISTRIBUTION PRICING PROJECTS ACCRUALS OWNERSHIP PLANNING BUSINESS ASSOCIATIONS QUALITY BUDGETING MANAGEMENT REPORTS REPORTING ACQUISITIONS MUNICIPALITIES AUDITS ACCOUNTING SERVICES EQUITY CAPITAL LONG TERM ASSETS ACCUMULATED DEPRECIATION TECHNICAL ASSISTANCE PENALTIES LEGAL PROVISIONS CREDIT UNIONS ACQUISITION TRANSPORT FINANCIAL DATA ACCOUNTING POLICIES TRANSFERS ACCOUNTING RULES CURRENT ASSETS CABINET OF MINISTERS CRITERIA FINANCIAL INSTITUTIONS MARKETS DEBT FINANCIAL REPORTING LOCAL GOVERNMENT LEGISLATION STATUTORY AUDITORS BUSINESS COMBINATIONS ACCOUNTING FIRMS FIXED ASSET LOANS ENTERPRISES GROSS PROFIT ENFORCEMENT POWERS INVENTORY FINANCIAL SYSTEM LEGAL FRAMEWORK ACCOUNT FINANCE INFRASTRUCTURE TAXES BANKING SECTOR BANKS EXPENDITURE RESOURCES AUDITED FINANCIAL INFORMATION OPERATING LEASES EQUITY GOODWILL GAAP AUDITED FINANCIAL STATEMENTS ACCOUNTABILITY INTERNAL AUDITORS ACCOUNTANTS CAPITAL AUDITORS EXPENSES FINANCIAL STABILITY SUBSIDIARIES INTERNATIONAL AUDITING STANDARDS VALUE BANK QUALITY AUDITS CREDIT QUALITY STANDARDS BUDGETS ACCOUNTANCY COST OF SALES DEFERRED INCOME PEER REVIEW BANK OF LATVIA CAPITALIZATION FINANCIAL PERFORMANCE PROPERTY FOREIGN BANKS COST ACCUMULATED INCOME AFFILIATES BALANCE SHEET AUDIT REPORTS FINANCIAL REPORTING STANDARDS QUALITY CONTROL CONSOLIDATED FINANCIAL STATEMENTS SUBSIDIARY RISK FACTORS ADMINISTRATION GOVERNANCE INTEGRATED SUPERVISION INSURANCE INSURANCE PREMIUMS BOOKKEEPING TAXATION PAYROLL PARENT COMPANIES PRUDENTIAL REQUIREMENTS RETAINED EARNINGS ACCOUNTING STANDARDS AUDIT COMMITTEES BUSINESS RISK COMMERCIAL BANKS ACCOUNTING INTERPRETATIONS ASSOCIATED COMPANIES AUDIT EVIDENCE ACCOUNTING TREATMENT TAX ADMINISTRATION REVENUE AUDITOR ROTATION ACCOUNTS ACQUISITION COSTS QUALITY ASSURANCE EXTRAORDINARY INCOME AUDITING STANDARDS AUDIT FINANCIAL ACCOUNTING BANK BRANCHES AUDITING PROFESSION GOVERNMENTS IMPLEMENTATION AUDITING FINANCIAL REPORTS CONSOLIDATION |
| spellingShingle |
INTERNATIONAL ACCOUNTING STANDARDS ACCOUNTING PRINCIPLES EXTERNAL AUDITORS EMPLOYMENT CAPITAL MARKETS FINANCIAL SERVICES REGULATORY FRAMEWORK CASH FLOW STATEMENTS INTANGIBLE ASSETS ACCOUNTING FINANCIAL MANAGEMENT PRINCIPAL GOOD PRACTICES PUBLIC DISCLOSURE SALES INTEREST DEPRECIATION LAWS FACTORING GUARANTEES INDUSTRY BUSINESS ADMINISTRATION STRATEGIES RESOURCE ALLOCATION SERVICES REVALUATION SURPLUS TAX COLLECTION FINANCIAL PERFORMANCE INDICATORS HOUSING BOOK VALUE FINANCIAL STATEMENTS DISTRIBUTION PRICING PROJECTS ACCRUALS OWNERSHIP PLANNING BUSINESS ASSOCIATIONS QUALITY BUDGETING MANAGEMENT REPORTS REPORTING ACQUISITIONS MUNICIPALITIES AUDITS ACCOUNTING SERVICES EQUITY CAPITAL LONG TERM ASSETS ACCUMULATED DEPRECIATION TECHNICAL ASSISTANCE PENALTIES LEGAL PROVISIONS CREDIT UNIONS ACQUISITION TRANSPORT FINANCIAL DATA ACCOUNTING POLICIES TRANSFERS ACCOUNTING RULES CURRENT ASSETS CABINET OF MINISTERS CRITERIA FINANCIAL INSTITUTIONS MARKETS DEBT FINANCIAL REPORTING LOCAL GOVERNMENT LEGISLATION STATUTORY AUDITORS BUSINESS COMBINATIONS ACCOUNTING FIRMS FIXED ASSET LOANS ENTERPRISES GROSS PROFIT ENFORCEMENT POWERS INVENTORY FINANCIAL SYSTEM LEGAL FRAMEWORK ACCOUNT FINANCE INFRASTRUCTURE TAXES BANKING SECTOR BANKS EXPENDITURE RESOURCES AUDITED FINANCIAL INFORMATION OPERATING LEASES EQUITY GOODWILL GAAP AUDITED FINANCIAL STATEMENTS ACCOUNTABILITY INTERNAL AUDITORS ACCOUNTANTS CAPITAL AUDITORS EXPENSES FINANCIAL STABILITY SUBSIDIARIES INTERNATIONAL AUDITING STANDARDS VALUE BANK QUALITY AUDITS CREDIT QUALITY STANDARDS BUDGETS ACCOUNTANCY COST OF SALES DEFERRED INCOME PEER REVIEW BANK OF LATVIA CAPITALIZATION FINANCIAL PERFORMANCE PROPERTY FOREIGN BANKS COST ACCUMULATED INCOME AFFILIATES BALANCE SHEET AUDIT REPORTS FINANCIAL REPORTING STANDARDS QUALITY CONTROL CONSOLIDATED FINANCIAL STATEMENTS SUBSIDIARY RISK FACTORS ADMINISTRATION GOVERNANCE INTEGRATED SUPERVISION INSURANCE INSURANCE PREMIUMS BOOKKEEPING TAXATION PAYROLL PARENT COMPANIES PRUDENTIAL REQUIREMENTS RETAINED EARNINGS ACCOUNTING STANDARDS AUDIT COMMITTEES BUSINESS RISK COMMERCIAL BANKS ACCOUNTING INTERPRETATIONS ASSOCIATED COMPANIES AUDIT EVIDENCE ACCOUNTING TREATMENT TAX ADMINISTRATION REVENUE AUDITOR ROTATION ACCOUNTS ACQUISITION COSTS QUALITY ASSURANCE EXTRAORDINARY INCOME AUDITING STANDARDS AUDIT FINANCIAL ACCOUNTING BANK BRANCHES AUDITING PROFESSION GOVERNMENTS IMPLEMENTATION AUDITING FINANCIAL REPORTS CONSOLIDATION World Bank Group Latvia : Report on the Observance of Standards and Codes on Accounting and Auditing |
| geographic_facet |
Europe and Central Asia Latvia |
| description |
This assessment of accounting and auditing practices in Latvia is part of a joint initiative of the
World Bank and International Monetary Fund (IMF) to prepare Reports on the Observance of
Standards and Codes (ROSC). One of the twelve ROSC modules focuses on Accounting and
Auditing (A&A), this assessment addresses the strengths and weaknesses of the accounting
and auditing environment that influence the quality of corporate financial reporting and
includes a review of both mandatory requirements and actual practice. This is the second A&A
ROSC for Latvia. The first one was published in 2005. |
| format |
Report |
| author |
World Bank Group |
| author_facet |
World Bank Group |
| author_sort |
World Bank Group |
| title |
Latvia : Report on the Observance of Standards and Codes on Accounting and Auditing |
| title_short |
Latvia : Report on the Observance of Standards and Codes on Accounting and Auditing |
| title_full |
Latvia : Report on the Observance of Standards and Codes on Accounting and Auditing |
| title_fullStr |
Latvia : Report on the Observance of Standards and Codes on Accounting and Auditing |
| title_full_unstemmed |
Latvia : Report on the Observance of Standards and Codes on Accounting and Auditing |
| title_sort |
latvia : report on the observance of standards and codes on accounting and auditing |
| publisher |
World Bank, Washington, DC |
| publishDate |
2016 |
| url |
http://documents.worldbank.org/curated/en/2014/09/25390477/report-observance-standards-codes-accounting-auditing http://hdl.handle.net/10986/24095 |
| _version_ |
1764455469083000832 |