Croatia - Report on the Observance of Standards and Codes : Accounting and Auditing
This report provides an updated assessment of accounting, financial reporting, and auditing requirements and practices within the enterprise and financial sectors in Croatia. It uses International Financial Reporting Standards (IFRS), International...
| Main Author: | |
|---|---|
| Format: | Accounting and Auditing Assessment (ROSC) |
| Language: | English |
| Published: |
Washington, DC
2012
|
| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2007/10/9353800/croatia-report-observance-standards-codes-rosc-accounting-auditing http://hdl.handle.net/10986/7688 |
| id |
okr-10986-7688 |
|---|---|
| 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 |
| topic |
ACCOUNT ACCOUNTANCY ACCOUNTANTS ACCOUNTING ACCOUNTING POLICIES ACCOUNTING PRINCIPLES ACCOUNTING STANDARD ACCOUNTING STANDARDS ACCOUNTING TREATMENT ACCOUNTS ACQUISITION ANNUAL RETURNS AUDIT COMMITTEE AUDIT COMMITTEES AUDIT REPORTS AUDITED FINANCIAL STATEMENTS AUDITING AUDITING PROFESSION AUDITING STANDARDS AUDITORS AUDITS AVERAGE GROWTH BALANCE SHEET BANK ACCOUNTS BANK BRANCHES BANK LOANS BANK SUPERVISION BANKING ASSETS BANKING CRISIS BANKING LAW BANKING SECTOR BEST PRACTICE BEST PRACTICES BONDS BOOKKEEPING BORROWING BROKERAGE BUSINESS ASSOCIATIONS BUSINESS COMBINATIONS BUSINESS OPERATIONS BUSINESS PLAN BUSINESS SCHOOLS CAPACITY BUILDING CAPITAL MARKET CAPITAL MARKETS CASH FLOW CENTRAL DEPOSITORY COMPANY LAW COMPLIANCE GAP CORPORATE GOVERNANCE CREDIBILITY CREDIT LOSSES CREDITOR CREDITOR RIGHTS CREDITORS CURRICULA CURRICULUM DEPOSIT DEPOSIT HOLDERS DEPOSIT INSURANCE DEPOSITS DISCLOSURE REQUIREMENTS EARNINGS EAST EUROPE EDUCATION STANDARDS ENFORCEMENT MECHANISM ENFORCEMENT MECHANISMS EQUIPMENT EXCHANGE RATES EXTERNAL DEBT FAIR VALUE FINANCIAL ASSET FINANCIAL ASSETS FINANCIAL INFORMATION FINANCIAL INSTITUTIONS FINANCIAL INSTRUMENTS FINANCIAL INTERMEDIARIES FINANCIAL MANAGEMENT FINANCIAL MARKETS FINANCIAL POSITION FINANCIAL REPORTING FINANCIAL REPORTING STANDARDS FINANCIAL REPORTS FINANCIAL SECTOR FINANCIAL SECTORS FINANCIAL SERVICES FINANCIAL STATEMENT FINANCIAL STATEMENTS FINANCIAL SYSTEM FINANCIAL SYSTEMS FOREIGN BANKS FOREIGN CURRENCY FOREIGN DIRECT INVESTMENT FOREIGN EXCHANGE FOREIGN INDEBTEDNESS FOREIGN INVESTORS FUND MANAGEMENT FUTURE CASH FLOWS FUTURE CREDIT GOODWILL GROSS DOMESTIC PRODUCT INCOME INFORMED DECISION INSTITUTIONAL CAPACITY INSTITUTIONAL DEVELOPMENT INSTITUTIONAL INVESTORS INSTRUMENT INSURANCE INSURANCE COMPANIES INSURANCE MARKET INTEREST RATE INTEREST RATE SPREAD INTERNAL AUDIT INTERNATIONAL ACCOUNTING STANDARDS INTERNATIONAL ACCOUNTING STANDARDS COMMITTEE INTERNATIONAL BANKS INTERNATIONAL FINANCIAL INSTITUTIONS INTERNATIONAL STANDARDS INVESTMENT FUND INVESTMENT FUNDS ISSUANCE JOINT STOCK COMPANIES JOINT STOCK COMPANY LACK OF TRANSPARENCY LARGE COMPANIES LEGAL ADVICE LEGAL FRAMEWORK LEVEL OF KNOWLEDGE LIFE INSURANCE LIMITED LIABILITY LIMITED PARTNERSHIPS LIVING STANDARDS LOAN MARKET CAPITALIZATION MARKET DISCIPLINE MARKET ECONOMY MARKET SHARE MATURITY MONETARY FUND MONEY MARKET NATIONAL BANK NON-PERFORMING LOAN PENSION PENSION BENEFITS PENSION FUND PENSION FUNDS PENSION SYSTEM POTENTIAL INVESTORS PRESENT VALUE PRIVATE BANKS PRIVATIZATION INVESTMENT PROVISION OF INFORMATION PRUDENTIAL REGULATION PUBLIC CONFIDENCE PUBLIC INVESTMENTS PURCHASING PURCHASING POWER QUALITY ASSURANCE QUALITY CONTROL QUALITY STANDARDS REGULATORY FRAMEWORK RESERVE RESPONSIBILITIES RETIREMENT RETURNS SALE SAVINGS SAVINGS BANKS SECURITIES SENIOR SHARE CAPITAL SHAREHOLDER SHAREHOLDERS SMALLER FIRM SMALLER FIRMS STAKEHOLDERS STATUTORY AUDITORS STATUTORY REQUIREMENTS STOCK EXCHANGE STOCK MARKETS SUPERVISION OF PENSION FUNDS SUPERVISORY AGENCY SUPERVISORY AUTHORITY SUPERVISORY BOARD SUPERVISORY BOARDS TAX TRADE LIBERALIZATION TRADING TRAINING COURSES TRAINING MATERIALS TRAINING PROGRAM TRANSPARENCY TURNOVER UNDERWRITERS VOUCHER PRIVATIZATION WITHDRAWAL WORLD TRADE |
| spellingShingle |
ACCOUNT ACCOUNTANCY ACCOUNTANTS ACCOUNTING ACCOUNTING POLICIES ACCOUNTING PRINCIPLES ACCOUNTING STANDARD ACCOUNTING STANDARDS ACCOUNTING TREATMENT ACCOUNTS ACQUISITION ANNUAL RETURNS AUDIT COMMITTEE AUDIT COMMITTEES AUDIT REPORTS AUDITED FINANCIAL STATEMENTS AUDITING AUDITING PROFESSION AUDITING STANDARDS AUDITORS AUDITS AVERAGE GROWTH BALANCE SHEET BANK ACCOUNTS BANK BRANCHES BANK LOANS BANK SUPERVISION BANKING ASSETS BANKING CRISIS BANKING LAW BANKING SECTOR BEST PRACTICE BEST PRACTICES BONDS BOOKKEEPING BORROWING BROKERAGE BUSINESS ASSOCIATIONS BUSINESS COMBINATIONS BUSINESS OPERATIONS BUSINESS PLAN BUSINESS SCHOOLS CAPACITY BUILDING CAPITAL MARKET CAPITAL MARKETS CASH FLOW CENTRAL DEPOSITORY COMPANY LAW COMPLIANCE GAP CORPORATE GOVERNANCE CREDIBILITY CREDIT LOSSES CREDITOR CREDITOR RIGHTS CREDITORS CURRICULA CURRICULUM DEPOSIT DEPOSIT HOLDERS DEPOSIT INSURANCE DEPOSITS DISCLOSURE REQUIREMENTS EARNINGS EAST EUROPE EDUCATION STANDARDS ENFORCEMENT MECHANISM ENFORCEMENT MECHANISMS EQUIPMENT EXCHANGE RATES EXTERNAL DEBT FAIR VALUE FINANCIAL ASSET FINANCIAL ASSETS FINANCIAL INFORMATION FINANCIAL INSTITUTIONS FINANCIAL INSTRUMENTS FINANCIAL INTERMEDIARIES FINANCIAL MANAGEMENT FINANCIAL MARKETS FINANCIAL POSITION FINANCIAL REPORTING FINANCIAL REPORTING STANDARDS FINANCIAL REPORTS FINANCIAL SECTOR FINANCIAL SECTORS FINANCIAL SERVICES FINANCIAL STATEMENT FINANCIAL STATEMENTS FINANCIAL SYSTEM FINANCIAL SYSTEMS FOREIGN BANKS FOREIGN CURRENCY FOREIGN DIRECT INVESTMENT FOREIGN EXCHANGE FOREIGN INDEBTEDNESS FOREIGN INVESTORS FUND MANAGEMENT FUTURE CASH FLOWS FUTURE CREDIT GOODWILL GROSS DOMESTIC PRODUCT INCOME INFORMED DECISION INSTITUTIONAL CAPACITY INSTITUTIONAL DEVELOPMENT INSTITUTIONAL INVESTORS INSTRUMENT INSURANCE INSURANCE COMPANIES INSURANCE MARKET INTEREST RATE INTEREST RATE SPREAD INTERNAL AUDIT INTERNATIONAL ACCOUNTING STANDARDS INTERNATIONAL ACCOUNTING STANDARDS COMMITTEE INTERNATIONAL BANKS INTERNATIONAL FINANCIAL INSTITUTIONS INTERNATIONAL STANDARDS INVESTMENT FUND INVESTMENT FUNDS ISSUANCE JOINT STOCK COMPANIES JOINT STOCK COMPANY LACK OF TRANSPARENCY LARGE COMPANIES LEGAL ADVICE LEGAL FRAMEWORK LEVEL OF KNOWLEDGE LIFE INSURANCE LIMITED LIABILITY LIMITED PARTNERSHIPS LIVING STANDARDS LOAN MARKET CAPITALIZATION MARKET DISCIPLINE MARKET ECONOMY MARKET SHARE MATURITY MONETARY FUND MONEY MARKET NATIONAL BANK NON-PERFORMING LOAN PENSION PENSION BENEFITS PENSION FUND PENSION FUNDS PENSION SYSTEM POTENTIAL INVESTORS PRESENT VALUE PRIVATE BANKS PRIVATIZATION INVESTMENT PROVISION OF INFORMATION PRUDENTIAL REGULATION PUBLIC CONFIDENCE PUBLIC INVESTMENTS PURCHASING PURCHASING POWER QUALITY ASSURANCE QUALITY CONTROL QUALITY STANDARDS REGULATORY FRAMEWORK RESERVE RESPONSIBILITIES RETIREMENT RETURNS SALE SAVINGS SAVINGS BANKS SECURITIES SENIOR SHARE CAPITAL SHAREHOLDER SHAREHOLDERS SMALLER FIRM SMALLER FIRMS STAKEHOLDERS STATUTORY AUDITORS STATUTORY REQUIREMENTS STOCK EXCHANGE STOCK MARKETS SUPERVISION OF PENSION FUNDS SUPERVISORY AGENCY SUPERVISORY AUTHORITY SUPERVISORY BOARD SUPERVISORY BOARDS TAX TRADE LIBERALIZATION TRADING TRAINING COURSES TRAINING MATERIALS TRAINING PROGRAM TRANSPARENCY TURNOVER UNDERWRITERS VOUCHER PRIVATIZATION WITHDRAWAL WORLD TRADE World Bank Croatia - Report on the Observance of Standards and Codes : Accounting and Auditing |
| geographic_facet |
Europe and Central Asia Croatia |
| description |
This report provides an updated
assessment of accounting, financial reporting, and auditing
requirements and practices within the enterprise and
financial sectors in Croatia. It uses International
Financial Reporting Standards (IFRS), International
Standards on Auditing (ISA), and the relevant portions of
European Union (EU) law (also known as the acquis
communautaire). Croatia has made considerable progress in
developing its regulatory framework for corporate sector
financial reporting and auditing since the publication of
the first Accounting and Auditing (A&A) report on the
observance of standards and codes (ROSC) in 2002. The
alignment of the revised regulatory framework with the
acquis communautaire has been significantly improved and
lays the basis for reinforcing the institutional capacity
for financial reporting and auditing. However, not all
requirements of the relevant acquis have been introduced and
further work is needed to achieve full compliance. The
Croatian institutional framework has undergone several
important changes. However, further capacity building
relating to monitoring, enforcing, and strengthening
supervision (except for banks) is needed to ensure proper
application of IFRS and national accounting standards. This
report concludes that Croatia should take further steps in
order to achieve its goal of developing a robust financial
reporting framework tailored to the needs of the Croatian
market economy, and aligned with the acquis communautaire,
international standards and best practices. |
| format |
Economic & Sector Work :: Accounting and Auditing Assessment (ROSC) |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
Croatia - Report on the Observance of Standards and Codes : Accounting and Auditing |
| title_short |
Croatia - Report on the Observance of Standards and Codes : Accounting and Auditing |
| title_full |
Croatia - Report on the Observance of Standards and Codes : Accounting and Auditing |
| title_fullStr |
Croatia - Report on the Observance of Standards and Codes : Accounting and Auditing |
| title_full_unstemmed |
Croatia - Report on the Observance of Standards and Codes : Accounting and Auditing |
| title_sort |
croatia - report on the observance of standards and codes : accounting and auditing |
| publisher |
Washington, DC |
| publishDate |
2012 |
| url |
http://documents.worldbank.org/curated/en/2007/10/9353800/croatia-report-observance-standards-codes-rosc-accounting-auditing http://hdl.handle.net/10986/7688 |
| _version_ |
1764404476655960064 |
| spelling |
okr-10986-76882021-04-23T14:02:38Z Croatia - Report on the Observance of Standards and Codes : Accounting and Auditing World Bank ACCOUNT ACCOUNTANCY ACCOUNTANTS ACCOUNTING ACCOUNTING POLICIES ACCOUNTING PRINCIPLES ACCOUNTING STANDARD ACCOUNTING STANDARDS ACCOUNTING TREATMENT ACCOUNTS ACQUISITION ANNUAL RETURNS AUDIT COMMITTEE AUDIT COMMITTEES AUDIT REPORTS AUDITED FINANCIAL STATEMENTS AUDITING AUDITING PROFESSION AUDITING STANDARDS AUDITORS AUDITS AVERAGE GROWTH BALANCE SHEET BANK ACCOUNTS BANK BRANCHES BANK LOANS BANK SUPERVISION BANKING ASSETS BANKING CRISIS BANKING LAW BANKING SECTOR BEST PRACTICE BEST PRACTICES BONDS BOOKKEEPING BORROWING BROKERAGE BUSINESS ASSOCIATIONS BUSINESS COMBINATIONS BUSINESS OPERATIONS BUSINESS PLAN BUSINESS SCHOOLS CAPACITY BUILDING CAPITAL MARKET CAPITAL MARKETS CASH FLOW CENTRAL DEPOSITORY COMPANY LAW COMPLIANCE GAP CORPORATE GOVERNANCE CREDIBILITY CREDIT LOSSES CREDITOR CREDITOR RIGHTS CREDITORS CURRICULA CURRICULUM DEPOSIT DEPOSIT HOLDERS DEPOSIT INSURANCE DEPOSITS DISCLOSURE REQUIREMENTS EARNINGS EAST EUROPE EDUCATION STANDARDS ENFORCEMENT MECHANISM ENFORCEMENT MECHANISMS EQUIPMENT EXCHANGE RATES EXTERNAL DEBT FAIR VALUE FINANCIAL ASSET FINANCIAL ASSETS FINANCIAL INFORMATION FINANCIAL INSTITUTIONS FINANCIAL INSTRUMENTS FINANCIAL INTERMEDIARIES FINANCIAL MANAGEMENT FINANCIAL MARKETS FINANCIAL POSITION FINANCIAL REPORTING FINANCIAL REPORTING STANDARDS FINANCIAL REPORTS FINANCIAL SECTOR FINANCIAL SECTORS FINANCIAL SERVICES FINANCIAL STATEMENT FINANCIAL STATEMENTS FINANCIAL SYSTEM FINANCIAL SYSTEMS FOREIGN BANKS FOREIGN CURRENCY FOREIGN DIRECT INVESTMENT FOREIGN EXCHANGE FOREIGN INDEBTEDNESS FOREIGN INVESTORS FUND MANAGEMENT FUTURE CASH FLOWS FUTURE CREDIT GOODWILL GROSS DOMESTIC PRODUCT INCOME INFORMED DECISION INSTITUTIONAL CAPACITY INSTITUTIONAL DEVELOPMENT INSTITUTIONAL INVESTORS INSTRUMENT INSURANCE INSURANCE COMPANIES INSURANCE MARKET INTEREST RATE INTEREST RATE SPREAD INTERNAL AUDIT INTERNATIONAL ACCOUNTING STANDARDS INTERNATIONAL ACCOUNTING STANDARDS COMMITTEE INTERNATIONAL BANKS INTERNATIONAL FINANCIAL INSTITUTIONS INTERNATIONAL STANDARDS INVESTMENT FUND INVESTMENT FUNDS ISSUANCE JOINT STOCK COMPANIES JOINT STOCK COMPANY LACK OF TRANSPARENCY LARGE COMPANIES LEGAL ADVICE LEGAL FRAMEWORK LEVEL OF KNOWLEDGE LIFE INSURANCE LIMITED LIABILITY LIMITED PARTNERSHIPS LIVING STANDARDS LOAN MARKET CAPITALIZATION MARKET DISCIPLINE MARKET ECONOMY MARKET SHARE MATURITY MONETARY FUND MONEY MARKET NATIONAL BANK NON-PERFORMING LOAN PENSION PENSION BENEFITS PENSION FUND PENSION FUNDS PENSION SYSTEM POTENTIAL INVESTORS PRESENT VALUE PRIVATE BANKS PRIVATIZATION INVESTMENT PROVISION OF INFORMATION PRUDENTIAL REGULATION PUBLIC CONFIDENCE PUBLIC INVESTMENTS PURCHASING PURCHASING POWER QUALITY ASSURANCE QUALITY CONTROL QUALITY STANDARDS REGULATORY FRAMEWORK RESERVE RESPONSIBILITIES RETIREMENT RETURNS SALE SAVINGS SAVINGS BANKS SECURITIES SENIOR SHARE CAPITAL SHAREHOLDER SHAREHOLDERS SMALLER FIRM SMALLER FIRMS STAKEHOLDERS STATUTORY AUDITORS STATUTORY REQUIREMENTS STOCK EXCHANGE STOCK MARKETS SUPERVISION OF PENSION FUNDS SUPERVISORY AGENCY SUPERVISORY AUTHORITY SUPERVISORY BOARD SUPERVISORY BOARDS TAX TRADE LIBERALIZATION TRADING TRAINING COURSES TRAINING MATERIALS TRAINING PROGRAM TRANSPARENCY TURNOVER UNDERWRITERS VOUCHER PRIVATIZATION WITHDRAWAL WORLD TRADE This report provides an updated assessment of accounting, financial reporting, and auditing requirements and practices within the enterprise and financial sectors in Croatia. It uses International Financial Reporting Standards (IFRS), International Standards on Auditing (ISA), and the relevant portions of European Union (EU) law (also known as the acquis communautaire). Croatia has made considerable progress in developing its regulatory framework for corporate sector financial reporting and auditing since the publication of the first Accounting and Auditing (A&A) report on the observance of standards and codes (ROSC) in 2002. The alignment of the revised regulatory framework with the acquis communautaire has been significantly improved and lays the basis for reinforcing the institutional capacity for financial reporting and auditing. However, not all requirements of the relevant acquis have been introduced and further work is needed to achieve full compliance. The Croatian institutional framework has undergone several important changes. However, further capacity building relating to monitoring, enforcing, and strengthening supervision (except for banks) is needed to ensure proper application of IFRS and national accounting standards. This report concludes that Croatia should take further steps in order to achieve its goal of developing a robust financial reporting framework tailored to the needs of the Croatian market economy, and aligned with the acquis communautaire, international standards and best practices. 2012-06-11T18:35:51Z 2012-06-11T18:35:51Z 2007-10-01 http://documents.worldbank.org/curated/en/2007/10/9353800/croatia-report-observance-standards-codes-rosc-accounting-auditing http://hdl.handle.net/10986/7688 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Washington, DC Economic & Sector Work :: Accounting and Auditing Assessment (ROSC) Economic & Sector Work Europe and Central Asia Croatia |