Pakistan Report on the Observance of Standards and Codes : Accounting and Auditing
Report on the Observance of Standards and Codes Accounting and Auditing (ROSC A&A) assess financial reporting and auditing practices in participating countries. These reports form part of a joint initiative implemented by the World Bank and the...
| Main Author: | |
|---|---|
| Format: | Report |
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2017
|
| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/700401505457744351/Pakistan-Report-on-the-observance-of-standards-and-codes-accounting-and-auditing http://hdl.handle.net/10986/28393 |
| Summary: | Report on the Observance of Standards
and Codes Accounting and Auditing (ROSC A&A) assess
financial reporting and auditing practices in participating
countries. These reports form part of a joint initiative
implemented by the World Bank and the International Monetary
Fund to review the quality of implementation of
internationally recognized standards and principles in 12
key areas (the ROSC program) with a view to promoting
financial and economic stability. This report provides an
assessment of financial reporting and auditing requirements
and practices within the corporate sector in Pakistan and
sets forth areas of consideration for improving the
institutional environment for accounting and auditing. The
ROSC A&A used international benchmarks of good practice
governing financial reporting and auditing in the
assessment, including International Financial Reporting
Standards and International Standards on Auditing. As an
update to an earlier assessment that was published in 2005,
this report was undertaken following a formal request from
the Government of Pakistan. |
|---|