Report on the Observance of Standards and Codes, Accounting and Auditing : Module B - Institutional Framework for Corporate Financial Reporting, B.3 Financial Sector - Banking
The purpose of this report is to gain an understanding of the financial reporting requirements for the banks in a jurisdiction in addition to or instead of the requirements for commercial enterprises in general. The term bank in this assessment is...
| Main Author: | |
|---|---|
| Format: | Report |
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2017
|
| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/548701487926533747/Report-on-the-Observance-of-Standards-and-Codes-ROSC-Accounting-and-Auditing-A-A-module-B-institutional-framework-for-corporate-financial-reporting-B-3-financial-sector-banking http://hdl.handle.net/10986/26229 |
| Summary: | The purpose of this report is to gain an
understanding of the financial reporting requirements for
the banks in a jurisdiction in addition to or instead of the
requirements for commercial enterprises in general. The term
bank in this assessment is used to refer to institutions
authorized to receive deposits and to lend money as defined
by the legal framework in the jurisdiction. There are also
questions in relation to the monitoring and enforcement
capacity of the local banking supervisor in respect of
financial reporting of banks specifically. Questions are
based on the internationally-recognized core principles for
effective banking supervision issued by the Basel Committee
on banking supervision, in particular Principle 27 Financial
reporting and external audit. The questionnaire is
structured as follows: overview of the banking sector;
financial reporting requirements for Banks; statutory audit
and other forms of independent assurance; audit committees;
filing and publication of financial statements; monitoring
and enforcement: financial reporting; and corporate governance. |
|---|