Republic of Kazakhstan : Accounting and Auditing
This report on the report on the observance of standards and codes (ROSC) in Kazakhstan provides an assessment of accounting, financial reporting, and auditing requirements and practices within the enterprise and financial sectors in Kazakhstan. Th...
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| Format: | Accounting and Auditing Assessment (ROSC) |
| Language: | English |
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Washington, DC
2012
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2007/05/8358001/kazakhstan-report-observance-standards-codes-rosc http://hdl.handle.net/10986/7841 |
| id |
okr-10986-7841 |
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| 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 ACCOUNTANT ACCOUNTANTS ACCOUNTING ACCOUNTING POLICIES ACCOUNTING PRACTICES ACCOUNTING RECORDS ACCOUNTING RULES ACCOUNTING STANDARD ACCOUNTING STANDARDS ACCOUNTING TREATMENT ACCOUNTS ACCRUAL ACCOUNTING ACQUISITION ACQUISITION DATE ACTIVE MARKET ADVISORY GROUP AMOUNT OF LOANS ASSESSMENT PROCESS AUDIT REPORTS AUDIT STANDARDS AUDITED FINANCIAL STATEMENTS AUDITING AUDITING PROFESSION AUDITING STANDARDS AUDITOR ROTATION AUDITORS AUDITS BAD INVESTMENT BALANCE SHEET BALANCE SHEETS BANK OFFICERS BANKING INSTITUTIONS BANKING LAW BANKING SECTOR BENEFICIARIES BENEFIT PLANS BOND ISSUES BOOKKEEPING BORROWER BUSINESS COMBINATIONS BUSINESS COMMUNITY BUSINESS MANAGEMENT BUSINESS OPERATIONS BUSINESS PARTNERSHIPS CAPITAL MARKET CASH FLOW CASH TRANSACTIONS CENTRAL ASIAN CIVIL CODE COLLATERAL COMMERCIAL BANKS COMPANY LAW COMPLIANCE GAP COMPLIANCE GAPS CONSUMER CONSUMERS CONTINGENT LIABILITIES CONTRIBUTION CONTRIBUTION PLAN COOPERATIVES CORPORATE BOND CORPORATE BOND MARKET CORPORATE GOVERNANCE COST ACCOUNTING COST ALLOCATION COST INCREASES CREDIBILITY CREDIT RISK CREDITORS CURRICULUM DEBT DEFINED-BENEFIT PENSION DEPOSITORS DOMESTIC FINANCIAL MARKET DUE DILIGENCE ECONOMIC DEVELOPMENT ECONOMICS EDUCATION EDUCATION PROGRAMS EDUCATION STANDARD EDUCATION STANDARDS EMPLOYEE BENEFITS ENTRY REQUIREMENTS EQUIPMENT EQUITY FINANCING EQUITY MARKET FAIR VALUE FAIR VALUES FINANCE EDUCATION FINANCIAL ACCOUNTING FINANCIAL ASSET FINANCIAL ASSETS FINANCIAL INFORMATION FINANCIAL INSTITUTIONS FINANCIAL INSTRUMENT FINANCIAL INSTRUMENTS FINANCIAL INVESTMENTS FINANCIAL MARKETS FINANCIAL REPORTING FINANCIAL REPORTING STANDARDS FINANCIAL REPORTS FINANCIAL RESOURCES FINANCIAL SECTOR FINANCIAL SECTORS FINANCIAL SERVICES FINANCIAL STATEMENT FINANCIAL STATEMENTS FINANCIAL SYSTEM FIXED ASSETS FOREIGN DIRECT INVESTMENT FOREIGN INVESTMENT FUTURE CASH FLOWS GLOBAL ECONOMY GOOD PRACTICE GOOD PRACTICES GOODWILL GOVERNMENT GRANTS GROSS DOMESTIC PRODUCT HOLDING INCOME INCOME TAX INCOME TAXES INDIVIDUAL ACCOUNTS INFLATION INFORMATION SYSTEMS INFORMED DECISION INFORMED DECISIONS INITIAL PUBLIC OFFERING INSURANCE INSURANCE COMPANIES INSURANCE COMPANY INSURANCE PREMIUMS INTANGIBLE INTANGIBLE ASSETS INTEREST RATE INTERNATIONAL ACCOUNTING STANDARDS INTERNATIONAL ACCOUNTING STANDARDS COMMITTEE INTERNATIONAL DEVELOPMENT INTERNATIONAL STANDARDS INVENTORIES INVESTMENT CAPITAL INVESTMENT FLOWS INVESTMENT OPPORTUNITIES INVESTOR PROTECTION IPO JOB TRAINING JOINT STOCK COMPANIES JOINT-STOCK COMPANIES JOINT-STOCK COMPANY LACK OF INFORMATION LACK OF KNOWLEDGE LACK OF TRANSPARENCY LARGE BUSINESSES LARGE COMPANIES LEGAL ADVICE LEGAL AUTHORITY LENDER LENDERS LIABILITY LIQUIDITY LOAN LOAN PORTFOLIOS LOCAL ECONOMY LONG-TERM LOANS MARKET CAPITALIZATION MARKET ECONOMY MARKET EFFICIENCY MASS MEDIA MICRO-ENTERPRISES MONETARY ASSETS MONETARY FUND NATIONAL BANK NET ASSETS OIL PRICES PENSION PENSION FUND PENSION FUNDS PENSION PLANS PENSION REGIME PENSION SCHEMES PENSIONS PORTFOLIO PORTFOLIO INVESTMENT PORTFOLIOS PRESENT VALUE PRIVATE PENSION PROFESSIONAL ASSOCIATION PROFESSIONAL ASSOCIATIONS PRUDENTIAL REGULATION PUBLIC CONFIDENCE PURCHASING QUALITY ASSURANCE QUALITY CONTROL REAL ESTATE REGULATORY AUTHORITY RESPONSIBILITIES RETIREMENT SALE SALES SECURITIES SECURITIES MARKET SHARE CAPITAL SHAREHOLDER SHAREHOLDERS SKILL DEVELOPMENT STAKEHOLDERS STATUTORY AUDITORS STOCK EXCHANGE SUPERVISORY AGENCIES SUPERVISORY AUTHORITIES TAX TAX CODE TAX SYSTEM TIME DEPOSITS TRADING TRANSACTION UNAUDITED FINANCIAL STATEMENTS VALUATION VALUATIONS WITHDRAWAL WORK EXPERIENCE WORTH |
| spellingShingle |
ACCOUNT ACCOUNTANCY ACCOUNTANT ACCOUNTANTS ACCOUNTING ACCOUNTING POLICIES ACCOUNTING PRACTICES ACCOUNTING RECORDS ACCOUNTING RULES ACCOUNTING STANDARD ACCOUNTING STANDARDS ACCOUNTING TREATMENT ACCOUNTS ACCRUAL ACCOUNTING ACQUISITION ACQUISITION DATE ACTIVE MARKET ADVISORY GROUP AMOUNT OF LOANS ASSESSMENT PROCESS AUDIT REPORTS AUDIT STANDARDS AUDITED FINANCIAL STATEMENTS AUDITING AUDITING PROFESSION AUDITING STANDARDS AUDITOR ROTATION AUDITORS AUDITS BAD INVESTMENT BALANCE SHEET BALANCE SHEETS BANK OFFICERS BANKING INSTITUTIONS BANKING LAW BANKING SECTOR BENEFICIARIES BENEFIT PLANS BOND ISSUES BOOKKEEPING BORROWER BUSINESS COMBINATIONS BUSINESS COMMUNITY BUSINESS MANAGEMENT BUSINESS OPERATIONS BUSINESS PARTNERSHIPS CAPITAL MARKET CASH FLOW CASH TRANSACTIONS CENTRAL ASIAN CIVIL CODE COLLATERAL COMMERCIAL BANKS COMPANY LAW COMPLIANCE GAP COMPLIANCE GAPS CONSUMER CONSUMERS CONTINGENT LIABILITIES CONTRIBUTION CONTRIBUTION PLAN COOPERATIVES CORPORATE BOND CORPORATE BOND MARKET CORPORATE GOVERNANCE COST ACCOUNTING COST ALLOCATION COST INCREASES CREDIBILITY CREDIT RISK CREDITORS CURRICULUM DEBT DEFINED-BENEFIT PENSION DEPOSITORS DOMESTIC FINANCIAL MARKET DUE DILIGENCE ECONOMIC DEVELOPMENT ECONOMICS EDUCATION EDUCATION PROGRAMS EDUCATION STANDARD EDUCATION STANDARDS EMPLOYEE BENEFITS ENTRY REQUIREMENTS EQUIPMENT EQUITY FINANCING EQUITY MARKET FAIR VALUE FAIR VALUES FINANCE EDUCATION FINANCIAL ACCOUNTING FINANCIAL ASSET FINANCIAL ASSETS FINANCIAL INFORMATION FINANCIAL INSTITUTIONS FINANCIAL INSTRUMENT FINANCIAL INSTRUMENTS FINANCIAL INVESTMENTS FINANCIAL MARKETS FINANCIAL REPORTING FINANCIAL REPORTING STANDARDS FINANCIAL REPORTS FINANCIAL RESOURCES FINANCIAL SECTOR FINANCIAL SECTORS FINANCIAL SERVICES FINANCIAL STATEMENT FINANCIAL STATEMENTS FINANCIAL SYSTEM FIXED ASSETS FOREIGN DIRECT INVESTMENT FOREIGN INVESTMENT FUTURE CASH FLOWS GLOBAL ECONOMY GOOD PRACTICE GOOD PRACTICES GOODWILL GOVERNMENT GRANTS GROSS DOMESTIC PRODUCT HOLDING INCOME INCOME TAX INCOME TAXES INDIVIDUAL ACCOUNTS INFLATION INFORMATION SYSTEMS INFORMED DECISION INFORMED DECISIONS INITIAL PUBLIC OFFERING INSURANCE INSURANCE COMPANIES INSURANCE COMPANY INSURANCE PREMIUMS INTANGIBLE INTANGIBLE ASSETS INTEREST RATE INTERNATIONAL ACCOUNTING STANDARDS INTERNATIONAL ACCOUNTING STANDARDS COMMITTEE INTERNATIONAL DEVELOPMENT INTERNATIONAL STANDARDS INVENTORIES INVESTMENT CAPITAL INVESTMENT FLOWS INVESTMENT OPPORTUNITIES INVESTOR PROTECTION IPO JOB TRAINING JOINT STOCK COMPANIES JOINT-STOCK COMPANIES JOINT-STOCK COMPANY LACK OF INFORMATION LACK OF KNOWLEDGE LACK OF TRANSPARENCY LARGE BUSINESSES LARGE COMPANIES LEGAL ADVICE LEGAL AUTHORITY LENDER LENDERS LIABILITY LIQUIDITY LOAN LOAN PORTFOLIOS LOCAL ECONOMY LONG-TERM LOANS MARKET CAPITALIZATION MARKET ECONOMY MARKET EFFICIENCY MASS MEDIA MICRO-ENTERPRISES MONETARY ASSETS MONETARY FUND NATIONAL BANK NET ASSETS OIL PRICES PENSION PENSION FUND PENSION FUNDS PENSION PLANS PENSION REGIME PENSION SCHEMES PENSIONS PORTFOLIO PORTFOLIO INVESTMENT PORTFOLIOS PRESENT VALUE PRIVATE PENSION PROFESSIONAL ASSOCIATION PROFESSIONAL ASSOCIATIONS PRUDENTIAL REGULATION PUBLIC CONFIDENCE PURCHASING QUALITY ASSURANCE QUALITY CONTROL REAL ESTATE REGULATORY AUTHORITY RESPONSIBILITIES RETIREMENT SALE SALES SECURITIES SECURITIES MARKET SHARE CAPITAL SHAREHOLDER SHAREHOLDERS SKILL DEVELOPMENT STAKEHOLDERS STATUTORY AUDITORS STOCK EXCHANGE SUPERVISORY AGENCIES SUPERVISORY AUTHORITIES TAX TAX CODE TAX SYSTEM TIME DEPOSITS TRADING TRANSACTION UNAUDITED FINANCIAL STATEMENTS VALUATION VALUATIONS WITHDRAWAL WORK EXPERIENCE WORTH World Bank Republic of Kazakhstan : Accounting and Auditing |
| geographic_facet |
Europe and Central Asia Kazakhstan |
| description |
This report on the report on the
observance of standards and codes (ROSC) in Kazakhstan
provides an assessment of accounting, financial reporting,
and auditing requirements and practices within the
enterprise and financial sectors in Kazakhstan. The report
uses International Financial Reporting Standards (IFRS) and
International Standards on Auditing (ISA), and draws on
international experience and good practices in the field of
accounting and audit regulation, including in European Union
(EU) Member States, to assess the framework for financial
reporting and to make policy recommendations. The policy
recommendations aim to help the Kazakhstan Government to
support the country's integration into the global
economy, in particular through strengthening the corporate
sector's accounting, financial reporting and auditing
practices. The financial sector, which is dominated by
private commercial banks, has been one of the fastest
growing sectors in Kazakhstan. However, while lending to the
private sector has increased, credit risk analysis remains
underdeveloped and there are problems with assessing the
underlying portfolios owing to a significant lack of
transparency regarding related parties and ultimate economic
beneficiaries. The role of the non-banking financial sector
is still limited but growing. This report shows much remains
to be done if Kazakhstan wishes to raise the quality of
accounting and auditing practices to a level in line with
more-developed economies. |
| format |
Economic & Sector Work :: Accounting and Auditing Assessment (ROSC) |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
Republic of Kazakhstan : Accounting and Auditing |
| title_short |
Republic of Kazakhstan : Accounting and Auditing |
| title_full |
Republic of Kazakhstan : Accounting and Auditing |
| title_fullStr |
Republic of Kazakhstan : Accounting and Auditing |
| title_full_unstemmed |
Republic of Kazakhstan : Accounting and Auditing |
| title_sort |
republic of kazakhstan : accounting and auditing |
| publisher |
Washington, DC |
| publishDate |
2012 |
| url |
http://documents.worldbank.org/curated/en/2007/05/8358001/kazakhstan-report-observance-standards-codes-rosc http://hdl.handle.net/10986/7841 |
| _version_ |
1764404080333029376 |
| spelling |
okr-10986-78412021-04-23T14:02:37Z Republic of Kazakhstan : Accounting and Auditing World Bank ACCOUNT ACCOUNTANCY ACCOUNTANT ACCOUNTANTS ACCOUNTING ACCOUNTING POLICIES ACCOUNTING PRACTICES ACCOUNTING RECORDS ACCOUNTING RULES ACCOUNTING STANDARD ACCOUNTING STANDARDS ACCOUNTING TREATMENT ACCOUNTS ACCRUAL ACCOUNTING ACQUISITION ACQUISITION DATE ACTIVE MARKET ADVISORY GROUP AMOUNT OF LOANS ASSESSMENT PROCESS AUDIT REPORTS AUDIT STANDARDS AUDITED FINANCIAL STATEMENTS AUDITING AUDITING PROFESSION AUDITING STANDARDS AUDITOR ROTATION AUDITORS AUDITS BAD INVESTMENT BALANCE SHEET BALANCE SHEETS BANK OFFICERS BANKING INSTITUTIONS BANKING LAW BANKING SECTOR BENEFICIARIES BENEFIT PLANS BOND ISSUES BOOKKEEPING BORROWER BUSINESS COMBINATIONS BUSINESS COMMUNITY BUSINESS MANAGEMENT BUSINESS OPERATIONS BUSINESS PARTNERSHIPS CAPITAL MARKET CASH FLOW CASH TRANSACTIONS CENTRAL ASIAN CIVIL CODE COLLATERAL COMMERCIAL BANKS COMPANY LAW COMPLIANCE GAP COMPLIANCE GAPS CONSUMER CONSUMERS CONTINGENT LIABILITIES CONTRIBUTION CONTRIBUTION PLAN COOPERATIVES CORPORATE BOND CORPORATE BOND MARKET CORPORATE GOVERNANCE COST ACCOUNTING COST ALLOCATION COST INCREASES CREDIBILITY CREDIT RISK CREDITORS CURRICULUM DEBT DEFINED-BENEFIT PENSION DEPOSITORS DOMESTIC FINANCIAL MARKET DUE DILIGENCE ECONOMIC DEVELOPMENT ECONOMICS EDUCATION EDUCATION PROGRAMS EDUCATION STANDARD EDUCATION STANDARDS EMPLOYEE BENEFITS ENTRY REQUIREMENTS EQUIPMENT EQUITY FINANCING EQUITY MARKET FAIR VALUE FAIR VALUES FINANCE EDUCATION FINANCIAL ACCOUNTING FINANCIAL ASSET FINANCIAL ASSETS FINANCIAL INFORMATION FINANCIAL INSTITUTIONS FINANCIAL INSTRUMENT FINANCIAL INSTRUMENTS FINANCIAL INVESTMENTS FINANCIAL MARKETS FINANCIAL REPORTING FINANCIAL REPORTING STANDARDS FINANCIAL REPORTS FINANCIAL RESOURCES FINANCIAL SECTOR FINANCIAL SECTORS FINANCIAL SERVICES FINANCIAL STATEMENT FINANCIAL STATEMENTS FINANCIAL SYSTEM FIXED ASSETS FOREIGN DIRECT INVESTMENT FOREIGN INVESTMENT FUTURE CASH FLOWS GLOBAL ECONOMY GOOD PRACTICE GOOD PRACTICES GOODWILL GOVERNMENT GRANTS GROSS DOMESTIC PRODUCT HOLDING INCOME INCOME TAX INCOME TAXES INDIVIDUAL ACCOUNTS INFLATION INFORMATION SYSTEMS INFORMED DECISION INFORMED DECISIONS INITIAL PUBLIC OFFERING INSURANCE INSURANCE COMPANIES INSURANCE COMPANY INSURANCE PREMIUMS INTANGIBLE INTANGIBLE ASSETS INTEREST RATE INTERNATIONAL ACCOUNTING STANDARDS INTERNATIONAL ACCOUNTING STANDARDS COMMITTEE INTERNATIONAL DEVELOPMENT INTERNATIONAL STANDARDS INVENTORIES INVESTMENT CAPITAL INVESTMENT FLOWS INVESTMENT OPPORTUNITIES INVESTOR PROTECTION IPO JOB TRAINING JOINT STOCK COMPANIES JOINT-STOCK COMPANIES JOINT-STOCK COMPANY LACK OF INFORMATION LACK OF KNOWLEDGE LACK OF TRANSPARENCY LARGE BUSINESSES LARGE COMPANIES LEGAL ADVICE LEGAL AUTHORITY LENDER LENDERS LIABILITY LIQUIDITY LOAN LOAN PORTFOLIOS LOCAL ECONOMY LONG-TERM LOANS MARKET CAPITALIZATION MARKET ECONOMY MARKET EFFICIENCY MASS MEDIA MICRO-ENTERPRISES MONETARY ASSETS MONETARY FUND NATIONAL BANK NET ASSETS OIL PRICES PENSION PENSION FUND PENSION FUNDS PENSION PLANS PENSION REGIME PENSION SCHEMES PENSIONS PORTFOLIO PORTFOLIO INVESTMENT PORTFOLIOS PRESENT VALUE PRIVATE PENSION PROFESSIONAL ASSOCIATION PROFESSIONAL ASSOCIATIONS PRUDENTIAL REGULATION PUBLIC CONFIDENCE PURCHASING QUALITY ASSURANCE QUALITY CONTROL REAL ESTATE REGULATORY AUTHORITY RESPONSIBILITIES RETIREMENT SALE SALES SECURITIES SECURITIES MARKET SHARE CAPITAL SHAREHOLDER SHAREHOLDERS SKILL DEVELOPMENT STAKEHOLDERS STATUTORY AUDITORS STOCK EXCHANGE SUPERVISORY AGENCIES SUPERVISORY AUTHORITIES TAX TAX CODE TAX SYSTEM TIME DEPOSITS TRADING TRANSACTION UNAUDITED FINANCIAL STATEMENTS VALUATION VALUATIONS WITHDRAWAL WORK EXPERIENCE WORTH This report on the report on the observance of standards and codes (ROSC) in Kazakhstan provides an assessment of accounting, financial reporting, and auditing requirements and practices within the enterprise and financial sectors in Kazakhstan. The report uses International Financial Reporting Standards (IFRS) and International Standards on Auditing (ISA), and draws on international experience and good practices in the field of accounting and audit regulation, including in European Union (EU) Member States, to assess the framework for financial reporting and to make policy recommendations. The policy recommendations aim to help the Kazakhstan Government to support the country's integration into the global economy, in particular through strengthening the corporate sector's accounting, financial reporting and auditing practices. The financial sector, which is dominated by private commercial banks, has been one of the fastest growing sectors in Kazakhstan. However, while lending to the private sector has increased, credit risk analysis remains underdeveloped and there are problems with assessing the underlying portfolios owing to a significant lack of transparency regarding related parties and ultimate economic beneficiaries. The role of the non-banking financial sector is still limited but growing. This report shows much remains to be done if Kazakhstan wishes to raise the quality of accounting and auditing practices to a level in line with more-developed economies. 2012-06-12T18:20:08Z 2012-06-12T18:20:08Z 2007-05 http://documents.worldbank.org/curated/en/2007/05/8358001/kazakhstan-report-observance-standards-codes-rosc http://hdl.handle.net/10986/7841 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 Kazakhstan |