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

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

This 2014 Report on the Observance of Standards and Codes in Accounting and Auditing (ROSC A&A) is the second review for Ghana. Its main objectives are to: assess the degree to which the policy recommendations of the 2004 review have been imple...

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Bibliographic Details
Main Author:	World Bank
Format:	Report
Language:	English en_US
Published:	World Bank, Washington, DC 2016
Subjects:	ACCESS TO CAPITAL ACCOUNT ACCOUNTABILITY ACCOUNTANCY ACCOUNTANCY FIRMS ACCOUNTANT ACCOUNTANTS ACCOUNTING ACCOUNTING POLICIES ACCOUNTING PRACTICES ACCOUNTING PRINCIPLES ACCOUNTING STANDARDS ACCOUNTS ACCRUALS ACTUARIES AUDIT REPORTS AUDITED FINANCIAL STATEMENTS AUDITING AUDITING PROFESSION AUDITING STANDARDS AUDITORS AUDITS BANKING LAWS BANKING SECTOR BANKING SECTOR ASSETS BANKING SUPERVISION BANKS BROKERS BUSINESS SCHOOLS CAPACITY BUILDING CAPACITY CONSTRAINTS CAPITAL MARKETS CHECKING CHECKS COMMODITY PRICES COMPANY LAW COMPLIANCE GAP CONFLICT OF INTEREST CONSOLIDATION CORPORATE GOVERNANCE COST RECOVERY CREDIT ASSESSMENT CREDITOR CREDITOR RIGHTS CURRENCY DISCLOSURE REQUIREMENTS ECONOMIC DEVELOPMENT ENFORCEMENT MECHANISMS ENTRY REQUIREMENTS EXCHANGE COMMISSION EXTERNAL AUDITORS FAIR VALUE FINANCIAL INFORMATION FINANCIAL INSTITUTIONS FINANCIAL MANAGEMENT FINANCIAL REGULATION FINANCIAL REPORTING FINANCIAL REPORTING STANDARDS FINANCIAL STATEMENT FINANCIAL STATEMENTS FINANCIAL SUPPORT FINANCIAL SYSTEMS FOREIGN DIRECT INVESTMENT FUND MANAGERS GAAP GOOD PRACTICE GOOD PRACTICES GOVERNMENT FUNDING GOVERNMENT SECURITIES GROSS DOMESTIC PRODUCT INFORMATION SYSTEM INFORMATION TECHNOLOGY INFRASTRUCTURE DEVELOPMENT INSTITUTIONAL DEVELOPMENT INSURANCE INSURANCE COMPANIES INSURANCE INDUSTRY INTEREST RATES INTERNATIONAL ACCOUNTING STANDARDS INTERNATIONAL ACCOUNTING STANDARDS COMMITTEE INTERNATIONAL BANK INTERNATIONAL STANDARD INTERNATIONAL STANDARDS INVESTMENT PROJECTS INVESTOR CONFIDENCE LAWS LEGAL FRAMEWORK LEGAL REFORM LEGAL REFORMS LEGISLATION LENDERS LEVIES LIFE INSURANCE LOCAL GOVERNMENT LOCAL LAWS MACROECONOMIC POLICY MARKET INFRASTRUCTURE MARKET SHARE MERGERS MICRO-FINANCE MICRO-FINANCE INSTITUTIONS MIGRATION MONETARY FUND OPERATING EFFICIENCY PAYMENT SYSTEM PEER REVIEW PENALTIES PENSION PENSION FUND PENSIONS QUALITY ASSURANCE QUALITY AUDITS QUALITY CONTROL QUALITY OF EDUCATION QUALITY OF WORK REGISTRATION FEES REGULATORY AUTHORITY REGULATORY FRAMEWORK RETURNS RURAL BANKS SECURITIES SECURITIES DEALERS SECURITIES INDUSTRY SECURITIES REGULATION SELF-REGULATION STATE ENTERPRISES STOCK EXCHANGE SUBSIDIARY TAX TAX REGIME TELECOMMUNICATIONS TERRORISM TRANSPARENCY TRUSTEES TURNOVER WITHDRAWAL
Online Access:	http://documents.worldbank.org/curated/en/434281479709115757/Ghana-Report-on-the-Observance-of-Standards-and-Codes-Accounting-and-Auditing-ROSC-A-A http://hdl.handle.net/10986/25726

Description
Summary:	This 2014 Report on the Observance of Standards and Codes in Accounting and Auditing (ROSC A&A) is the second review for Ghana. Its main objectives are to: assess the degree to which the policy recommendations of the 2004 review have been implemented, identify any emerging issues since the last review and develop policy recommendations that, once implemented, would further enhance the quality of financial reporting in the country. While growth has been spurred by favorable commodity prices for gold and cocoa, the start of commercial production of oil and a booming services sector, there is still room for improvement in the business environment, business confidence and financing of the economy. The implementation of the policy recommendations contained in this report will contribute to improved business environment and investor confidence, an essential factor for economic growth.