Regional Study on the Management, Control, and Recording of Fixed Assets : Latin America and the Caribbean
This report represents a series of studies on the status of the implementation of the International Public Sector Accounting Standards in the Latin America region. The first report of this series, Public Sector Accounting and Financial Information...
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World Bank, Washington, DC
2017
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| Online Access: | http://documents.worldbank.org/curated/en/854201513610556953/Governance-global-practice-Latin-America-and-the-Caribbean-Regional-study-on-the-management-control-and-recording-of-fixed-assets http://hdl.handle.net/10986/29109 |
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okr-10986-291092021-05-25T09:09:12Z Regional Study on the Management, Control, and Recording of Fixed Assets : Latin America and the Caribbean Gourfinkel, Dmitri REGULATION ACCOUNTING EDUCATION ACCOUNTABILITY FIXED ASSETS TRANSPARENCY ACCOUNTING ASSET MANAGEMENT This report represents a series of studies on the status of the implementation of the International Public Sector Accounting Standards in the Latin America region. The first report of this series, Public Sector Accounting and Financial Information in Latin America, was developed by the World Bank team and issued in April 2015. The general purpose of this second report is to document the status of the management, control, and recording of fixed assets in the countries surveyed, and to propose a comprehensive asset management model to strengthen the region’s public financial management systems in terms of public sector accounting, public investment, transparency, and accountability. The report aims to address the following asset management challenges: (a) accounting methodologies that have been adopted or implemented in the surveyed countries do not necessarily capture all government fixed assets; (b) incomplete or unreliable information on infrastructure assets and projects and other fixed assets, as well as on the provisions related to their upkeep and replacement, creates obstacles to improving public investment policies and enhancing the region’s ability to promote productivity and competitiveness; (c) greater control of fixed assets is directly related to the improvement of transparency and accountability indexes; and (d) governments’ inability to obtain an objective picture of their financial position and performance limits the quality of analysis on the efficient use of public resources related to electoral commitments, fiscal stability, and economic growth in the medium and long term. 2017-12-28T22:21:45Z 2017-12-28T22:21:45Z 2017-10 Report http://documents.worldbank.org/curated/en/854201513610556953/Governance-global-practice-Latin-America-and-the-Caribbean-Regional-study-on-the-management-control-and-recording-of-fixed-assets http://hdl.handle.net/10986/29109 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Economic & Sector Work :: Other Financial Accountability Study Economic & Sector Work Latin America & Caribbean Caribbean Central America Latin America South America |
| repository_type |
Digital Repository |
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Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
REGULATION ACCOUNTING EDUCATION ACCOUNTABILITY FIXED ASSETS TRANSPARENCY ACCOUNTING ASSET MANAGEMENT |
| spellingShingle |
REGULATION ACCOUNTING EDUCATION ACCOUNTABILITY FIXED ASSETS TRANSPARENCY ACCOUNTING ASSET MANAGEMENT Gourfinkel, Dmitri Regional Study on the Management, Control, and Recording of Fixed Assets : Latin America and the Caribbean |
| geographic_facet |
Latin America & Caribbean Caribbean Central America Latin America South America |
| description |
This report represents a series of
studies on the status of the implementation of the
International Public Sector Accounting Standards in the
Latin America region. The first report of this series,
Public Sector Accounting and Financial Information in Latin
America, was developed by the World Bank team and issued in
April 2015. The general purpose of this second report is to
document the status of the management, control, and
recording of fixed assets in the countries surveyed, and to
propose a comprehensive asset management model to strengthen
the region’s public financial management systems in terms of
public sector accounting, public investment, transparency,
and accountability. The report aims to address the following
asset management challenges: (a) accounting methodologies
that have been adopted or implemented in the surveyed
countries do not necessarily capture all government fixed
assets; (b) incomplete or unreliable information on
infrastructure assets and projects and other fixed assets,
as well as on the provisions related to their upkeep and
replacement, creates obstacles to improving public
investment policies and enhancing the region’s ability to
promote productivity and competitiveness; (c) greater
control of fixed assets is directly related to the
improvement of transparency and accountability indexes; and
(d) governments’ inability to obtain an objective picture of
their financial position and performance limits the quality
of analysis on the efficient use of public resources related
to electoral commitments, fiscal stability, and economic
growth in the medium and long term. |
| format |
Report |
| author |
Gourfinkel, Dmitri |
| author_facet |
Gourfinkel, Dmitri |
| author_sort |
Gourfinkel, Dmitri |
| title |
Regional Study on the Management, Control, and Recording of Fixed Assets : Latin America and the Caribbean |
| title_short |
Regional Study on the Management, Control, and Recording of Fixed Assets : Latin America and the Caribbean |
| title_full |
Regional Study on the Management, Control, and Recording of Fixed Assets : Latin America and the Caribbean |
| title_fullStr |
Regional Study on the Management, Control, and Recording of Fixed Assets : Latin America and the Caribbean |
| title_full_unstemmed |
Regional Study on the Management, Control, and Recording of Fixed Assets : Latin America and the Caribbean |
| title_sort |
regional study on the management, control, and recording of fixed assets : latin america and the caribbean |
| publisher |
World Bank, Washington, DC |
| publishDate |
2017 |
| url |
http://documents.worldbank.org/curated/en/854201513610556953/Governance-global-practice-Latin-America-and-the-Caribbean-Regional-study-on-the-management-control-and-recording-of-fixed-assets http://hdl.handle.net/10986/29109 |
| _version_ |
1764468518087032832 |