The Republic of Montenegro : Accounting and Auditing

This report provides an assessment of accounting, financial reporting, and auditing requirements and practices within the enterprise and financial sectors in Montenegro. It uses International Financial Reporting Standards (IFRS), International Stan...

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Bibliographic Details
Main Author:	World Bank
Format:	Accounting and Auditing Assessment (ROSC)
Language:	English en_US
Published:	Washington, DC 2012
Subjects:	ACCESS TO CREDIT ACCOUNT ACCOUNTANCY ACCOUNTANT ACCOUNTANTS ACCOUNTING ACCOUNTING CURRICULUM ACCOUNTING POLICIES ACCOUNTING STANDARD ACCOUNTING STANDARDS ACCOUNTS ACCRUALS ACQUISITION ACTIVE MARKET ARBITRAGE ASSET CLASSIFICATION AUDIT COMMITTEE AUDIT COMMITTEES AUDIT ENGAGEMENTS AUDIT EVIDENCE AUDIT REPORTS AUDITED FINANCIAL STATEMENTS AUDITING AUDITING PROFESSION AUDITING STANDARDS AUDITOR ROTATION AUDITORS AUDITS BALANCE SHEET BANK ASSET BANK ASSETS BANKING LAW BANKING SECTOR BANKING SYSTEM BANKRUPTCY BEST PRACTICE BEST PRACTICES BOOKKEEPING BORROWING BROKERS BUSINESS CLIMATE BUSINESS COMBINATIONS BUSINESS ETHICS BUSINESS EXPENSES BUSINESS OPERATIONS BUSINESS ORGANIZATION CALCULATION CAPACITY BUILDING CAPITAL MARKET CAPITAL MARKET REGULATION CAPITAL MARKETS CASH FLOW CENTRAL BANK CHECKS COMPANY LAW COMPLIANCE GAP CONCESSION ARRANGEMENTS CORPORATE GOVERNANCE CREDIBILITY CREDIT INSTITUTIONS CREDIT LOSSES CREDIT RISK CREDITOR CURRENCY DEBT DEPRECIATION DISCLOSURE REQUIREMENTS DUE DILIGENCE EARNINGS EAST EUROPE EDUCATION PROGRAMS EDUCATION STANDARD EDUCATION STANDARDS EMPLOYEE BENEFITS ENFORCEMENT MECHANISM EQUIPMENT EXCHANGE COMMISSION FAIR VALUE FAIR VALUES FINANCIAL ASSET FINANCIAL INFORMATION FINANCIAL INSTITUTIONS FINANCIAL INSTRUMENTS FINANCIAL INTERMEDIATION FINANCIAL MARKETS FINANCIAL PERFORMANCE FINANCIAL POSITION FINANCIAL RELATIONSHIPS FINANCIAL REPORTING FINANCIAL REPORTING STANDARDS FINANCIAL REPORTS FINANCIAL RISK FINANCIAL SECTOR FINANCIAL SECTORS FINANCIAL STATEMENT FINANCIAL STATEMENTS FINANCIAL SYSTEM FISCAL POLICY FIXED ASSET FIXED ASSETS FOREIGN BANKS FOREIGN DIRECT INVESTMENT FORGIVENESS FRAUD FUTURE CASH FLOWS FUTURE CREDIT GAAP GENERAL PUBLIC GOOD PRACTICE GROSS DOMESTIC PRODUCT HUMAN RESOURCES INCOME TAXES INFLATION INSTITUTIONAL CAPACITY INSTRUMENT INSURANCE INSURANCE COMPANIES INTANGIBLE INTANGIBLE ASSETS INTEREST INCOME INTEREST RATE INTERNATIONAL ACCOUNTING STANDARDS INTERNATIONAL ACCOUNTING STANDARDS COMMITTEE INTERNATIONAL STANDARD INTERNATIONAL STANDARDS INVENTORIES INVENTORY INVESTMENT ADVISERS INVESTMENT FUND INVESTMENT FUNDS ISSUANCE JOINT STOCK COMPANIES JOINT STOCK COMPANY LABOR MARKET LARGE COMPANIES LARGE ENTERPRISES LEGAL ADVICE LEGAL TRADITIONS LEVY LIMITED LIABILITY LIMITED PARTNERSHIP LIQUID MARKETS LOAN LOAN APPLICATION LOAN PORTFOLIO LOCAL BANKS MACROECONOMIC STABILITY MACROECONOMIC STABILIZATION MARKET DISCIPLINE MARKET ECONOMIES MARKET ECONOMY MARKET REGULATOR MATURE MARKET MATURITY MINIMUM CAPITAL REQUIREMENT MINIMUM CAPITAL REQUIREMENTS MONETARY FUND OPEN MARKET PAYMENT SYSTEMS PENSION PENSION FUNDS PENSION SYSTEMS PORTFOLIO PORTFOLIO INVESTMENT PRESENT VALUE PROTECTION OF INVESTORS PUBLIC CONFIDENCE PUBLIC OFFERING PURCHASING PURCHASING POWER QUALITY ASSURANCE QUALITY CONTROL REAL INTEREST REAL INTEREST RATES REGULATORY AUTHORITY REGULATORY FRAMEWORK REGULATORY INFRASTRUCTURE RESERVES RESPONSIBILITIES RETIREMENT RISK MANAGEMENT SALE SAVINGS SECURITIES SECURITIES EXCHANGES SECURITIES MARKET SECURITIES MARKETS SHARE PRICES SHAREHOLDER SHAREHOLDERS SMALLER ENTERPRISES STAKEHOLDERS STATUTORY AUDITORS STOCK EXCHANGE STOCK MARKET TAX TAX LAW TOTAL DEBT TRADE LIBERALIZATION TRADING TRAINING PROGRAMS TRANSACTION TRANSPARENCY TURNOVER UNDERWRITERS UNEMPLOYMENT VALUATION VALUATIONS
Online Access:	http://documents.worldbank.org/curated/en/2007/05/9025239/montenegro-report-observance-standards-codes-rosc-accounting-auditing http://hdl.handle.net/10986/7698

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Summary:	This report provides an assessment of accounting, financial reporting, and auditing requirements and practices within the enterprise and financial sectors in Montenegro. It uses International Financial Reporting Standards (IFRS), International Standards on Auditing (ISA), and the relevant portions of the European Union (EU) body of law (also known as the acquis communautaire), as benchmarks.

The Republic of Montenegro : Accounting and Auditing

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