Report on the Observance of Standards and Codes, Accounting and Auditing : Module B - Institutional Framework for Corporate Financial Reporting, B.7 Audit Regulation, Quality Assurance, and Public Oversight
The purpose of this report is to gain an understanding of the regulatory environment for auditors in a jurisdiction and the extent of quality assurance and oversight that takes place. In the Report on the Observance of Standards and Codes (ROSC) Ac...
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| Format: | Report |
| Language: | English en_US |
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World Bank, Washington, DC
2017
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| Online Access: | http://documents.worldbank.org/curated/en/479801487930126721/Report-on-the-Observance-of-Standards-and-Codes-Accounting-and-Auditing-module-B-institutional-framework-for-corporate-financial-reporting-B-7-audit-regulation-quality-assurance-and-public-oversight http://hdl.handle.net/10986/26228 |
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okr-10986-262282021-05-25T08:58:07Z Report on the Observance of Standards and Codes, Accounting and Auditing : Module B - Institutional Framework for Corporate Financial Reporting, B.7 Audit Regulation, Quality Assurance, and Public Oversight World Bank international accounting standards accounting auditing international financial reporting standards quality assurance financial regulation public oversight sanctions The purpose of this report is to gain an understanding of the regulatory environment for auditors in a jurisdiction and the extent of quality assurance and oversight that takes place. In the Report on the Observance of Standards and Codes (ROSC) Accounting and Auditing (A&A) diagnostic assessment, quality assurance (QA) refers to the system in place in a jurisdiction to monitor compliance of the work performed by independent auditors with applicable auditing, ethical, and other professional standards via on-site inspections and other activities. QA inspections and other activities may be carried out by a separate audit firm (a peer review system), a professional accountancy organization (which in some circumstances has been delegated this responsibility by a government body or regulator), or by an audit regulator independent of the accountancy profession. Questions are based on the core principles for independent audit regulators issued by the International Forum of International Audit Regulators (IFIAR) and statement of membership obligations, QA as issued by the International Federation of Accountants (IFAC). The report is structured as follows: regulatory environment for auditors; QA and audit oversight system; QA review procedures, approach, and communication of findings; QA inspectors; and investigations and sanctions. 2017-03-07T23:12:35Z 2017-03-07T23:12:35Z 2017 Report http://documents.worldbank.org/curated/en/479801487930126721/Report-on-the-Observance-of-Standards-and-Codes-Accounting-and-Auditing-module-B-institutional-framework-for-corporate-financial-reporting-B-7-audit-regulation-quality-assurance-and-public-oversight http://hdl.handle.net/10986/26228 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 |
| 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 auditing international financial reporting standards quality assurance financial regulation public oversight sanctions |
| spellingShingle |
international accounting standards accounting auditing international financial reporting standards quality assurance financial regulation public oversight sanctions World Bank Report on the Observance of Standards and Codes, Accounting and Auditing : Module B - Institutional Framework for Corporate Financial Reporting, B.7 Audit Regulation, Quality Assurance, and Public Oversight |
| description |
The purpose of this report is to gain an
understanding of the regulatory environment for auditors in
a jurisdiction and the extent of quality assurance and
oversight that takes place. In the Report on the Observance
of Standards and Codes (ROSC) Accounting and Auditing
(A&A) diagnostic assessment, quality assurance (QA)
refers to the system in place in a jurisdiction to monitor
compliance of the work performed by independent auditors
with applicable auditing, ethical, and other professional
standards via on-site inspections and other activities. QA
inspections and other activities may be carried out by a
separate audit firm (a peer review system), a professional
accountancy organization (which in some circumstances has
been delegated this responsibility by a government body or
regulator), or by an audit regulator independent of the
accountancy profession. Questions are based on the core
principles for independent audit regulators issued by the
International Forum of International Audit Regulators
(IFIAR) and statement of membership obligations, QA as
issued by the International Federation of Accountants
(IFAC). The report is structured as follows: regulatory
environment for auditors; QA and audit oversight system; QA
review procedures, approach, and communication of findings;
QA inspectors; and investigations and sanctions. |
| format |
Report |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
Report on the Observance of Standards and Codes, Accounting and Auditing : Module B - Institutional Framework for Corporate Financial Reporting, B.7 Audit Regulation, Quality Assurance, and Public Oversight |
| title_short |
Report on the Observance of Standards and Codes, Accounting and Auditing : Module B - Institutional Framework for Corporate Financial Reporting, B.7 Audit Regulation, Quality Assurance, and Public Oversight |
| title_full |
Report on the Observance of Standards and Codes, Accounting and Auditing : Module B - Institutional Framework for Corporate Financial Reporting, B.7 Audit Regulation, Quality Assurance, and Public Oversight |
| title_fullStr |
Report on the Observance of Standards and Codes, Accounting and Auditing : Module B - Institutional Framework for Corporate Financial Reporting, B.7 Audit Regulation, Quality Assurance, and Public Oversight |
| title_full_unstemmed |
Report on the Observance of Standards and Codes, Accounting and Auditing : Module B - Institutional Framework for Corporate Financial Reporting, B.7 Audit Regulation, Quality Assurance, and Public Oversight |
| title_sort |
report on the observance of standards and codes, accounting and auditing : module b - institutional framework for corporate financial reporting, b.7 audit regulation, quality assurance, and public oversight |
| publisher |
World Bank, Washington, DC |
| publishDate |
2017 |
| url |
http://documents.worldbank.org/curated/en/479801487930126721/Report-on-the-Observance-of-Standards-and-Codes-Accounting-and-Auditing-module-B-institutional-framework-for-corporate-financial-reporting-B-7-audit-regulation-quality-assurance-and-public-oversight http://hdl.handle.net/10986/26228 |
| _version_ |
1764461217553842176 |