Republic of Senegal Report on the Observance of Standards and Codes : Accounting and Auditing

This 2015 Accounting and Auditing Report on the Observance of Standards and Codes (ROSC A&A) is the second assessment for Senegal. Its main objectives are to: (i) assess the degree of implementation of the 2005 recommendations and action plan a...

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Main Author:	World Bank Group
Format:	Report
Language:	English en_US
Published:	World Bank, Washington, DC 2016
Subjects:	ACCOUNTING SYSTEM PAYMENT DEBIT CREDIT FINANCE ROSC auditing accountability
Online Access:	http://documents.worldbank.org/curated/en/773271479710093223/Senegal-Report-on-the-Observance-of-Standards-and-Codes-ROSC-accounting-and-auditing http://hdl.handle.net/10986/25713

id	okr-10986-25713
recordtype	oai_dc
spelling	okr-10986-257132021-05-25T09:53:25Z Republic of Senegal Report on the Observance of Standards and Codes : Accounting and Auditing World Bank Group ACCOUNTING SYSTEM PAYMENT DEBIT CREDIT FINANCE ROSC auditing accountability This 2015 Accounting and Auditing Report on the Observance of Standards and Codes (ROSC A&A) is the second assessment for Senegal. Its main objectives are to: (i) assess the degree of implementation of the 2005 recommendations and action plan and evaluate their impact on the accounting and auditing profession; and (ii) identify reforms that could be undertaken to further strengthen the accountancy profession and improve the quality of the country’s financial information. Senegal is experiencing weak economic growth, attributable on one hand to the economy’s vulnerability to domestic and external shocks and, on the other, to structural weaknesses linked in particular to the high costs of transport and energy, as well as an insufficiently attractive business climate. The implementation of the recommendations contained in this report will facilitate improvement in the quality and credibility of financial information in the country. These aspects could be key factors for improving the business climate and boosting investor confidence. This assessment focuses on the strengths and weaknesses of the accounting and auditing environment that affect the quality of the financial information produced by private-lawentities for the use of their various external users. It includes a review of legal obligations, as well as the practices observed in the country. The reference framework serving as the basis of comparison for the analysis consisted of the International Financial Reporting Standards (IFRS2), the International Standards on Auditing (ISA3) and the international good practices currently observed in the field of accounting and auditing regulation. 2016-12-12T22:39:14Z 2016-12-12T22:39:14Z 2016-05 Report http://documents.worldbank.org/curated/en/773271479710093223/Senegal-Report-on-the-Observance-of-Standards-and-Codes-ROSC-accounting-and-auditing http://hdl.handle.net/10986/25713 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 Economic & Sector Work :: Accounting and Auditing Assessment Africa Senegal
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	ACCOUNTING SYSTEM PAYMENT DEBIT CREDIT FINANCE ROSC auditing accountability
spellingShingle	ACCOUNTING SYSTEM PAYMENT DEBIT CREDIT FINANCE ROSC auditing accountability World Bank Group Republic of Senegal Report on the Observance of Standards and Codes : Accounting and Auditing
geographic_facet	Africa Senegal
description	This 2015 Accounting and Auditing Report on the Observance of Standards and Codes (ROSC A&A) is the second assessment for Senegal. Its main objectives are to: (i) assess the degree of implementation of the 2005 recommendations and action plan and evaluate their impact on the accounting and auditing profession; and (ii) identify reforms that could be undertaken to further strengthen the accountancy profession and improve the quality of the country’s financial information. Senegal is experiencing weak economic growth, attributable on one hand to the economy’s vulnerability to domestic and external shocks and, on the other, to structural weaknesses linked in particular to the high costs of transport and energy, as well as an insufficiently attractive business climate. The implementation of the recommendations contained in this report will facilitate improvement in the quality and credibility of financial information in the country. These aspects could be key factors for improving the business climate and boosting investor confidence. This assessment focuses on the strengths and weaknesses of the accounting and auditing environment that affect the quality of the financial information produced by private-lawentities for the use of their various external users. It includes a review of legal obligations, as well as the practices observed in the country. The reference framework serving as the basis of comparison for the analysis consisted of the International Financial Reporting Standards (IFRS2), the International Standards on Auditing (ISA3) and the international good practices currently observed in the field of accounting and auditing regulation.
format	Report
author	World Bank Group
author_facet	World Bank Group
author_sort	World Bank Group
title	Republic of Senegal Report on the Observance of Standards and Codes : Accounting and Auditing
title_short	Republic of Senegal Report on the Observance of Standards and Codes : Accounting and Auditing
title_full	Republic of Senegal Report on the Observance of Standards and Codes : Accounting and Auditing
title_fullStr	Republic of Senegal Report on the Observance of Standards and Codes : Accounting and Auditing
title_full_unstemmed	Republic of Senegal Report on the Observance of Standards and Codes : Accounting and Auditing
title_sort	republic of senegal report on the observance of standards and codes : accounting and auditing
publisher	World Bank, Washington, DC
publishDate	2016
url	http://documents.worldbank.org/curated/en/773271479710093223/Senegal-Report-on-the-Observance-of-Standards-and-Codes-ROSC-accounting-and-auditing http://hdl.handle.net/10986/25713
_version_	1764459964147957760

Republic of Senegal Report on the Observance of Standards and Codes : Accounting and Auditing

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