Bhutan : Public Sector Accounting and Auditing, A Comparison to International Standards
The objectives of this report are: (a) to provide the country's accounting and audit authorities and other interested stakeholders with a common well-founded knowledge as to where local practices stand in accordance with the internationally de...
| Main Author: | |
|---|---|
| Format: | Economic & Sector Work |
| Language: | English en_US |
| Published: |
Washington, DC
2012
|
| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2007/05/8668439/bhutan-public-sector-accounting-auditing-comparison-international-standards http://hdl.handle.net/10986/6830 |
| id |
okr-10986-6830 |
|---|---|
| recordtype |
oai_dc |
| 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 |
ACCESS TO INFORMATION ACCOUNTANT ACCOUNTING ACCOUNTING POLICIES ACCOUNTING PRACTICES ACCOUNTING RECORDS ACCOUNTING STANDARD ACCOUNTING STANDARDS ACCOUNTING SYSTEM ACCOUNTING SYSTEMS ACCRUAL ACCOUNTING ACCRUAL BASIS AFFILIATE ANNUAL BUDGET ANNUAL FINANCIAL STATEMENTS ANNUAL REPORT ANNUAL REPORTING ANNUAL REPORTS APPROPRIATIONS ARREARS ARTICLE ASSET MANAGEMENT AUDIT FINDINGS AUDIT OFFICE AUDIT RESOURCES AUDIT STANDARDS AUDITED FINANCIAL STATEMENTS AUDITING AUDITING TECHNIQUES AUDITOR GENERAL AUDITORS AUDITS BALANCE SHEET BANKS BENEFIT PLANS BORROWING BORROWING COSTS BORROWINGS BUDGET ESTIMATES BUDGET FORMULATION BUDGET MANAGEMENT BUDGET MONITORING BUDGET PERFORMANCE BUDGET PROPOSAL BUDGETARY EXPENDITURE BUDGETARY OPERATIONS BUDGETING CASH ACCOUNTING CASH BASIS CASH FLOW CASH FLOW STATEMENTS CASH POSITION CIVIL SERVICE CIVIL SERVICE RULES CONFLICT OF INTEREST CONFLICTS OF INTEREST CONSOLIDATED FINANCIAL STATEMENTS CONSOLIDATION CONTINGENT LIABILITIES CONTRIBUTION CURRENT ACCOUNT CURRENT ASSETS CURRICULA DECISION-MAKING DEPOSIT DEPOSIT ACCOUNT DEVELOPMENT BANK DIAGNOSTIC TOOL DISBURSEMENT DISBURSEMENTS DUE DILIGENCE EARNINGS EARNINGS PER SHARE ECONOMIC DEVELOPMENT EDUCATION PROGRAMS EDUCATION STANDARDS ELECTRONIC TRANSFER EMPLOYEE BENEFITS EMPLOYMENT ENABLING ENVIRONMENT ENTRY REQUIREMENTS EQUIPMENT EQUITY PORTFOLIO EXCHANGE RATES EXPENDITURE POLICIES EXPENDITURES EXTERNAL AUDIT EXTERNAL AUDITORS FAIR VALUE FINANCIAL ACCOUNTABILITY FINANCIAL INFORMATION FINANCIAL INSTITUTIONS FINANCIAL INSTRUMENTS FINANCIAL MANAGEMENT FINANCIAL POSITION FINANCIAL REGULATIONS FINANCIAL REPORTING FINANCIAL REPORTING STANDARDS FINANCIAL REPORTS FINANCIAL RESOURCES FINANCIAL STATEMENT FINANCIAL STATEMENTS FINANCIAL SYSTEMS FISCAL AFFAIRS FOREIGN EXCHANGE FRAUD GENERALLY ACCEPTED ACCOUNTING PRINCIPLES GOVERNMENT ACCOUNTING GOVERNMENT ACCOUNTING SYSTEM GOVERNMENT ACCOUNTS GOVERNMENT ASSISTANCE GOVERNMENT AUDITING GOVERNMENT BUDGET GOVERNMENT GRANTS GOVERNMENT SPENDING HOLDING HUMAN RESOURCE INCOME INCOME TAXES INDEPENDENT AUDITOR INFORMATION SYSTEMS INFORMATION TECHNOLOGY INSURANCE INTANGIBLE INTANGIBLE ASSETS INTERNAL AUDIT INTERNAL AUDIT FUNCTION INTERNAL AUDITS INTERNAL CONTROL INTERNAL CONTROL SYSTEMS INTERNAL CONTROLS INTERNATIONAL ACCOUNTING STANDARDS INTERNATIONAL AUDITING STANDARDS INTERNATIONAL DEVELOPMENT INTERNATIONAL STANDARD INTERNATIONAL STANDARDS INVENTORIES LAWS LEGAL FRAMEWORK LEGISLATION LEGISLATIVE SCRUTINY LOAN LOAN RECOVERIES MANAGEMENT ACCOUNTING MEDIUM-TERM DEVELOPMENT MEDIUM-TERM DEVELOPMENT PLANS MEMBER COUNTRIES MINISTRY OF FINANCE MODEL LAW MONETARY FUND NATIONAL ACCOUNTING NATIONAL ACCOUNTS NATIONAL AUDIT NATIONAL BUDGET NATIONAL FINANCE NATIONAL GOVERNMENT NET SURPLUS ORGANIZATIONAL STRUCTURE OUTREACH PROGRAMS OUTSTANDING LOANS PEER REVIEW PENALTIES PENSIONS PERFORMANCE AUDIT PERFORMANCE MEASUREMENT PERFORMANCE MEASURES PERFORMANCE TARGETS PRIVATE ENTERPRISES PROVISIONS PUBLIC PUBLIC ACCOUNTABILITY PUBLIC ACCOUNTS PUBLIC COMPANIES PUBLIC ENTERPRISES PUBLIC EXPENDITURE PUBLIC FINANCE PUBLIC FINANCIAL MANAGEMENT PUBLIC INTEREST PUBLIC RESOURCES PUBLIC SECTOR PUBLIC SECTOR ACCOUNTING PUBLIC SECTOR ENTITIES PUBLIC SECTORS PUBLIC SERVICE QUALITY ASSURANCE QUALITY CONTROL QUESTIONNAIRES REMITTANCES RESPONSIBILITIES RETIREMENT RETIREMENT BENEFIT RISK ASSESSMENT SALARY SALE SENIOR SERVICE ORGANIZATIONS SETTLEMENT STAKEHOLDERS SUBSIDIARY SUPERVISION ARRANGEMENTS SUPPORT PROGRAM SUPREME AUDIT INSTITUTION SUPREME AUDIT INSTITUTIONS TRAINING COURSE TRAINING COURSES TRAINING PROGRAM TRANSACTION TRANSPARENCY TRUE COSTS TRUST FUNDS |
| spellingShingle |
ACCESS TO INFORMATION ACCOUNTANT ACCOUNTING ACCOUNTING POLICIES ACCOUNTING PRACTICES ACCOUNTING RECORDS ACCOUNTING STANDARD ACCOUNTING STANDARDS ACCOUNTING SYSTEM ACCOUNTING SYSTEMS ACCRUAL ACCOUNTING ACCRUAL BASIS AFFILIATE ANNUAL BUDGET ANNUAL FINANCIAL STATEMENTS ANNUAL REPORT ANNUAL REPORTING ANNUAL REPORTS APPROPRIATIONS ARREARS ARTICLE ASSET MANAGEMENT AUDIT FINDINGS AUDIT OFFICE AUDIT RESOURCES AUDIT STANDARDS AUDITED FINANCIAL STATEMENTS AUDITING AUDITING TECHNIQUES AUDITOR GENERAL AUDITORS AUDITS BALANCE SHEET BANKS BENEFIT PLANS BORROWING BORROWING COSTS BORROWINGS BUDGET ESTIMATES BUDGET FORMULATION BUDGET MANAGEMENT BUDGET MONITORING BUDGET PERFORMANCE BUDGET PROPOSAL BUDGETARY EXPENDITURE BUDGETARY OPERATIONS BUDGETING CASH ACCOUNTING CASH BASIS CASH FLOW CASH FLOW STATEMENTS CASH POSITION CIVIL SERVICE CIVIL SERVICE RULES CONFLICT OF INTEREST CONFLICTS OF INTEREST CONSOLIDATED FINANCIAL STATEMENTS CONSOLIDATION CONTINGENT LIABILITIES CONTRIBUTION CURRENT ACCOUNT CURRENT ASSETS CURRICULA DECISION-MAKING DEPOSIT DEPOSIT ACCOUNT DEVELOPMENT BANK DIAGNOSTIC TOOL DISBURSEMENT DISBURSEMENTS DUE DILIGENCE EARNINGS EARNINGS PER SHARE ECONOMIC DEVELOPMENT EDUCATION PROGRAMS EDUCATION STANDARDS ELECTRONIC TRANSFER EMPLOYEE BENEFITS EMPLOYMENT ENABLING ENVIRONMENT ENTRY REQUIREMENTS EQUIPMENT EQUITY PORTFOLIO EXCHANGE RATES EXPENDITURE POLICIES EXPENDITURES EXTERNAL AUDIT EXTERNAL AUDITORS FAIR VALUE FINANCIAL ACCOUNTABILITY FINANCIAL INFORMATION FINANCIAL INSTITUTIONS FINANCIAL INSTRUMENTS FINANCIAL MANAGEMENT FINANCIAL POSITION FINANCIAL REGULATIONS FINANCIAL REPORTING FINANCIAL REPORTING STANDARDS FINANCIAL REPORTS FINANCIAL RESOURCES FINANCIAL STATEMENT FINANCIAL STATEMENTS FINANCIAL SYSTEMS FISCAL AFFAIRS FOREIGN EXCHANGE FRAUD GENERALLY ACCEPTED ACCOUNTING PRINCIPLES GOVERNMENT ACCOUNTING GOVERNMENT ACCOUNTING SYSTEM GOVERNMENT ACCOUNTS GOVERNMENT ASSISTANCE GOVERNMENT AUDITING GOVERNMENT BUDGET GOVERNMENT GRANTS GOVERNMENT SPENDING HOLDING HUMAN RESOURCE INCOME INCOME TAXES INDEPENDENT AUDITOR INFORMATION SYSTEMS INFORMATION TECHNOLOGY INSURANCE INTANGIBLE INTANGIBLE ASSETS INTERNAL AUDIT INTERNAL AUDIT FUNCTION INTERNAL AUDITS INTERNAL CONTROL INTERNAL CONTROL SYSTEMS INTERNAL CONTROLS INTERNATIONAL ACCOUNTING STANDARDS INTERNATIONAL AUDITING STANDARDS INTERNATIONAL DEVELOPMENT INTERNATIONAL STANDARD INTERNATIONAL STANDARDS INVENTORIES LAWS LEGAL FRAMEWORK LEGISLATION LEGISLATIVE SCRUTINY LOAN LOAN RECOVERIES MANAGEMENT ACCOUNTING MEDIUM-TERM DEVELOPMENT MEDIUM-TERM DEVELOPMENT PLANS MEMBER COUNTRIES MINISTRY OF FINANCE MODEL LAW MONETARY FUND NATIONAL ACCOUNTING NATIONAL ACCOUNTS NATIONAL AUDIT NATIONAL BUDGET NATIONAL FINANCE NATIONAL GOVERNMENT NET SURPLUS ORGANIZATIONAL STRUCTURE OUTREACH PROGRAMS OUTSTANDING LOANS PEER REVIEW PENALTIES PENSIONS PERFORMANCE AUDIT PERFORMANCE MEASUREMENT PERFORMANCE MEASURES PERFORMANCE TARGETS PRIVATE ENTERPRISES PROVISIONS PUBLIC PUBLIC ACCOUNTABILITY PUBLIC ACCOUNTS PUBLIC COMPANIES PUBLIC ENTERPRISES PUBLIC EXPENDITURE PUBLIC FINANCE PUBLIC FINANCIAL MANAGEMENT PUBLIC INTEREST PUBLIC RESOURCES PUBLIC SECTOR PUBLIC SECTOR ACCOUNTING PUBLIC SECTOR ENTITIES PUBLIC SECTORS PUBLIC SERVICE QUALITY ASSURANCE QUALITY CONTROL QUESTIONNAIRES REMITTANCES RESPONSIBILITIES RETIREMENT RETIREMENT BENEFIT RISK ASSESSMENT SALARY SALE SENIOR SERVICE ORGANIZATIONS SETTLEMENT STAKEHOLDERS SUBSIDIARY SUPERVISION ARRANGEMENTS SUPPORT PROGRAM SUPREME AUDIT INSTITUTION SUPREME AUDIT INSTITUTIONS TRAINING COURSE TRAINING COURSES TRAINING PROGRAM TRANSACTION TRANSPARENCY TRUE COSTS TRUST FUNDS World Bank Bhutan : Public Sector Accounting and Auditing, A Comparison to International Standards |
| geographic_facet |
South Asia Asia South Asia Bhutan |
| description |
The objectives of this report are: (a)
to provide the country's accounting and audit
authorities and other interested stakeholders with a common
well-founded knowledge as to where local practices stand in
accordance with the internationally developed standards of
financial reporting and audit; (b) to assess the prevailing
variances; (c) to chart paths to reduce the variances; and
(d) to provide a continuing basis for measuring
improvements. The analysis in this report has been conducted
in light of the strong measures being taken in the Kingdom
of Bhutan to reform the accounting and auditing processes.
The report addresses several issues such as: adopting
international accounting standards in major public
enterprises; implementing professional leadership in
accounting and financial management; implementing a fully
integrated, computerized government accounting system;
drafting new acts on public financial management and
combating corruption; strengthening the Royal Institute of
Management (RIM); and providing training for finance,
accounting, and internal audit staff in line ministries and
other government agencies, heads of administration and
finance divisions, and other managers. |
| format |
Economic & Sector Work |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
Bhutan : Public Sector Accounting and Auditing, A Comparison to International Standards |
| title_short |
Bhutan : Public Sector Accounting and Auditing, A Comparison to International Standards |
| title_full |
Bhutan : Public Sector Accounting and Auditing, A Comparison to International Standards |
| title_fullStr |
Bhutan : Public Sector Accounting and Auditing, A Comparison to International Standards |
| title_full_unstemmed |
Bhutan : Public Sector Accounting and Auditing, A Comparison to International Standards |
| title_sort |
bhutan : public sector accounting and auditing, a comparison to international standards |
| publisher |
Washington, DC |
| publishDate |
2012 |
| url |
http://documents.worldbank.org/curated/en/2007/05/8668439/bhutan-public-sector-accounting-auditing-comparison-international-standards http://hdl.handle.net/10986/6830 |
| _version_ |
1764398580761624576 |
| spelling |
okr-10986-68302021-04-23T14:02:26Z Bhutan : Public Sector Accounting and Auditing, A Comparison to International Standards World Bank ACCESS TO INFORMATION ACCOUNTANT ACCOUNTING ACCOUNTING POLICIES ACCOUNTING PRACTICES ACCOUNTING RECORDS ACCOUNTING STANDARD ACCOUNTING STANDARDS ACCOUNTING SYSTEM ACCOUNTING SYSTEMS ACCRUAL ACCOUNTING ACCRUAL BASIS AFFILIATE ANNUAL BUDGET ANNUAL FINANCIAL STATEMENTS ANNUAL REPORT ANNUAL REPORTING ANNUAL REPORTS APPROPRIATIONS ARREARS ARTICLE ASSET MANAGEMENT AUDIT FINDINGS AUDIT OFFICE AUDIT RESOURCES AUDIT STANDARDS AUDITED FINANCIAL STATEMENTS AUDITING AUDITING TECHNIQUES AUDITOR GENERAL AUDITORS AUDITS BALANCE SHEET BANKS BENEFIT PLANS BORROWING BORROWING COSTS BORROWINGS BUDGET ESTIMATES BUDGET FORMULATION BUDGET MANAGEMENT BUDGET MONITORING BUDGET PERFORMANCE BUDGET PROPOSAL BUDGETARY EXPENDITURE BUDGETARY OPERATIONS BUDGETING CASH ACCOUNTING CASH BASIS CASH FLOW CASH FLOW STATEMENTS CASH POSITION CIVIL SERVICE CIVIL SERVICE RULES CONFLICT OF INTEREST CONFLICTS OF INTEREST CONSOLIDATED FINANCIAL STATEMENTS CONSOLIDATION CONTINGENT LIABILITIES CONTRIBUTION CURRENT ACCOUNT CURRENT ASSETS CURRICULA DECISION-MAKING DEPOSIT DEPOSIT ACCOUNT DEVELOPMENT BANK DIAGNOSTIC TOOL DISBURSEMENT DISBURSEMENTS DUE DILIGENCE EARNINGS EARNINGS PER SHARE ECONOMIC DEVELOPMENT EDUCATION PROGRAMS EDUCATION STANDARDS ELECTRONIC TRANSFER EMPLOYEE BENEFITS EMPLOYMENT ENABLING ENVIRONMENT ENTRY REQUIREMENTS EQUIPMENT EQUITY PORTFOLIO EXCHANGE RATES EXPENDITURE POLICIES EXPENDITURES EXTERNAL AUDIT EXTERNAL AUDITORS FAIR VALUE FINANCIAL ACCOUNTABILITY FINANCIAL INFORMATION FINANCIAL INSTITUTIONS FINANCIAL INSTRUMENTS FINANCIAL MANAGEMENT FINANCIAL POSITION FINANCIAL REGULATIONS FINANCIAL REPORTING FINANCIAL REPORTING STANDARDS FINANCIAL REPORTS FINANCIAL RESOURCES FINANCIAL STATEMENT FINANCIAL STATEMENTS FINANCIAL SYSTEMS FISCAL AFFAIRS FOREIGN EXCHANGE FRAUD GENERALLY ACCEPTED ACCOUNTING PRINCIPLES GOVERNMENT ACCOUNTING GOVERNMENT ACCOUNTING SYSTEM GOVERNMENT ACCOUNTS GOVERNMENT ASSISTANCE GOVERNMENT AUDITING GOVERNMENT BUDGET GOVERNMENT GRANTS GOVERNMENT SPENDING HOLDING HUMAN RESOURCE INCOME INCOME TAXES INDEPENDENT AUDITOR INFORMATION SYSTEMS INFORMATION TECHNOLOGY INSURANCE INTANGIBLE INTANGIBLE ASSETS INTERNAL AUDIT INTERNAL AUDIT FUNCTION INTERNAL AUDITS INTERNAL CONTROL INTERNAL CONTROL SYSTEMS INTERNAL CONTROLS INTERNATIONAL ACCOUNTING STANDARDS INTERNATIONAL AUDITING STANDARDS INTERNATIONAL DEVELOPMENT INTERNATIONAL STANDARD INTERNATIONAL STANDARDS INVENTORIES LAWS LEGAL FRAMEWORK LEGISLATION LEGISLATIVE SCRUTINY LOAN LOAN RECOVERIES MANAGEMENT ACCOUNTING MEDIUM-TERM DEVELOPMENT MEDIUM-TERM DEVELOPMENT PLANS MEMBER COUNTRIES MINISTRY OF FINANCE MODEL LAW MONETARY FUND NATIONAL ACCOUNTING NATIONAL ACCOUNTS NATIONAL AUDIT NATIONAL BUDGET NATIONAL FINANCE NATIONAL GOVERNMENT NET SURPLUS ORGANIZATIONAL STRUCTURE OUTREACH PROGRAMS OUTSTANDING LOANS PEER REVIEW PENALTIES PENSIONS PERFORMANCE AUDIT PERFORMANCE MEASUREMENT PERFORMANCE MEASURES PERFORMANCE TARGETS PRIVATE ENTERPRISES PROVISIONS PUBLIC PUBLIC ACCOUNTABILITY PUBLIC ACCOUNTS PUBLIC COMPANIES PUBLIC ENTERPRISES PUBLIC EXPENDITURE PUBLIC FINANCE PUBLIC FINANCIAL MANAGEMENT PUBLIC INTEREST PUBLIC RESOURCES PUBLIC SECTOR PUBLIC SECTOR ACCOUNTING PUBLIC SECTOR ENTITIES PUBLIC SECTORS PUBLIC SERVICE QUALITY ASSURANCE QUALITY CONTROL QUESTIONNAIRES REMITTANCES RESPONSIBILITIES RETIREMENT RETIREMENT BENEFIT RISK ASSESSMENT SALARY SALE SENIOR SERVICE ORGANIZATIONS SETTLEMENT STAKEHOLDERS SUBSIDIARY SUPERVISION ARRANGEMENTS SUPPORT PROGRAM SUPREME AUDIT INSTITUTION SUPREME AUDIT INSTITUTIONS TRAINING COURSE TRAINING COURSES TRAINING PROGRAM TRANSACTION TRANSPARENCY TRUE COSTS TRUST FUNDS The objectives of this report are: (a) to provide the country's accounting and audit authorities and other interested stakeholders with a common well-founded knowledge as to where local practices stand in accordance with the internationally developed standards of financial reporting and audit; (b) to assess the prevailing variances; (c) to chart paths to reduce the variances; and (d) to provide a continuing basis for measuring improvements. The analysis in this report has been conducted in light of the strong measures being taken in the Kingdom of Bhutan to reform the accounting and auditing processes. The report addresses several issues such as: adopting international accounting standards in major public enterprises; implementing professional leadership in accounting and financial management; implementing a fully integrated, computerized government accounting system; drafting new acts on public financial management and combating corruption; strengthening the Royal Institute of Management (RIM); and providing training for finance, accounting, and internal audit staff in line ministries and other government agencies, heads of administration and finance divisions, and other managers. 2012-06-01T13:43:46Z 2012-06-01T13:43:46Z 2007 http://documents.worldbank.org/curated/en/2007/05/8668439/bhutan-public-sector-accounting-auditing-comparison-international-standards 999367010-3 http://hdl.handle.net/10986/6830 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank Washington, DC Economic & Sector Work Economic & Sector Work :: Accounting and Auditing Assessment (ROSC) South Asia Asia South Asia Bhutan |