Argentina - Report on the Observance of Standards and Codes (ROSC) : Accounting and Auditing

Strengthening corporate financial reporting is important for Argentina, as the country seeks to foster confidence in the local business community in order to stimulate investments, both local and foreign. In addition, strong corporate accounting pr...

Full description

Bibliographic Details
Main Author:	World Bank
Format:	Insolvency Assessment (ROSC)
Language:	English
Published:	Washington, DC 2012
Subjects:	ACCESS TO CREDIT ACCOUNT ACCOUNTANCY ACCOUNTANT ACCOUNTANTS ACCOUNTING ACCOUNTING DOCUMENTS ACCOUNTING PRACTICES ACCOUNTING RECORDS ACCOUNTING RULES ACCOUNTING STANDARD ACCOUNTING STANDARDS ACCOUNTING SYSTEMS ACCOUNTING TREATMENT ACCOUNTS ACQUISITION ACTUARIES ASSET VALUE AUDIT COMMITTEE AUDIT COMMITTEES AUDITED FINANCIAL STATEMENTS AUDITING AUDITING STANDARDS AUDITOR ROTATION AUDITORS AUDITS BALANCE SHEET BANK FINANCING BANKING SECTOR BOOKKEEPING BROCHURE BUDGET DEFICITS BUDGET SURPLUSES BUSINESS ADMINISTRATION BUSINESS CLIMATE BUSINESS COMBINATIONS BUSINESS COMMUNITY CAPITAL FLIGHT CAPITAL INVESTMENTS CAPITAL MARKETS CAPITALIZATION CASH FLOW CASH FLOWS CD CENTRAL BANK CHECKS COMMERCIAL CODE COMPANY LAW CONTINGENT LIABILITIES CONTRIBUTION COOPERATIVES COPYRIGHT CLEARANCE COPYRIGHT CLEARANCE CENTER CORPORATE BONDS CORPORATE GOVERNANCE CREDIBILITY CREDIT DECISIONS CREDIT RISK CREDIT RISK MANAGEMENT CREDITS CURRICULA CURRICULUM DATED CHECKS DEBT INSTRUMENTS DEBT MARKETS DEBT SECURITIES DEPOSIT DEPOSITORIES DEPOSITORS DERIVATIVE DERIVATIVE MARKETS DEVELOPMENT BANK EARNINGS ECONOMIC CRISES ECONOMIC DEVELOPMENT ECONOMIC DOWNTURNS ECONOMIC PERFORMANCE EDUCATION STANDARDS ENFORCEMENT PROCEDURES ENTRY REQUIREMENTS EXCHANGE COMMISSION EXTERNAL DEBT FAIR VALUE FINANCIAL COMPANIES FINANCIAL INFORMATION FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL MANAGEMENT FINANCIAL MARKET FINANCIAL POSITION FINANCIAL REPORTING FINANCIAL REPORTING STANDARDS FINANCIAL REPORTS FINANCIAL RESOURCES FINANCIAL SECTOR FINANCIAL STATEMENT FINANCIAL STATEMENTS FINANCIAL SYSTEM FIXED ASSETS FOREIGN CURRENCY FOREIGN DEBT FOREIGN EXCHANGE FOREIGN EXCHANGE MARKET FOREIGN TRADE FRAUD GAAP GENERAL PUBLIC GOOD PRACTICE GOOD PRACTICES GOODWILL GOVERNANCE PRACTICES GOVERNMENT BONDS GOVERNMENT DEBT GROSS DOMESTIC PRODUCT INCOME INCOME TAX INCOME TAXES INDIVIDUAL INVESTORS INFLATION INFORMED DECISIONS INSTITUTIONAL CAPACITY INSTITUTIONAL ENVIRONMENT INSTRUMENT INSURANCE INSURANCE COMPANIES INTANGIBLE INTANGIBLE ASSETS INTERNAL AUDIT INTERNAL AUDITORS INTERNAL CONTROLS INTERNATIONAL ACCOUNTING STANDARDS INTERNATIONAL ACCOUNTING STANDARDS COMMITTEE INTERNATIONAL BANK INTERNATIONAL HARMONIZATION INTERNATIONAL INVESTORS INTERNATIONAL STANDARD INTERNATIONAL STANDARDS INTERNATIONAL TRANSACTIONS INVENTORIES INVENTORY INVESTING INVESTMENT CLIMATE INVESTMENT FUNDS INVESTOR CONFIDENCE ISSUANCE JURISDICTION JURISDICTIONS LARGE COMPANIES LARGE COMPANY LEGAL FRAMEWORK LEGAL SYSTEM LENDERS LIMITED LIABILITY LIMITED LIABILITY COMPANIES LIQUIDITY LOAN LOAN PORTFOLIOS LOCAL BANKS LOCAL BUSINESS LONG TERM SAVINGS LONG-TERM ASSETS LONG-TERM CAPITAL MARKET REGULATOR MATURITY MEDIUM ENTERPRISES MINIMUM CAPITAL REQUIREMENT NATURAL RESOURCES NET ASSET NON PERFORMING LOANS NONPROFIT ORGANIZATION PARENT COMPANY PENSION PENSION FUND PENSION FUNDS PENSION SECTOR POLITICAL CONSIDERATIONS POVERTY LEVELS PRIVATE PENSION PRIVATE PENSION FUNDS PRIVATE SECTOR DEVELOPMENT PROFESSIONAL EDUCATION PUBLIC ACCOUNTANTS PUBLIC OFFERING PUBLIC OFFERINGS QUALITY ASSURANCE QUALITY CONTROL RECESSION REGIONAL INTEGRATION REGULATORS REGULATORY AGENCIES REINSURANCE REPORTING RESERVES RESPONSIBILITIES RETURN RETURNS RISK MANAGEMENT SALES SECURITIES SECURITIES EXCHANGE SECURITIES LAWS SECURITIES MARKET SELF-REGULATION SHARE CAPITAL SHAREHOLDERS SOLVENCY STAKEHOLDERS STATUTORY AUDITORS STATUTORY REQUIREMENTS STOCK EXCHANGE STOCK EXCHANGES STOCK MARKET STOCK MARKETS SUSTAINABLE GROWTH TAX TRADING TRAINING PROGRAM TRANSACTION TRANSPARENCY TRUST FUNDS UNEMPLOYMENT VALUATION WORTH
Online Access:	http://documents.worldbank.org/curated/en/2007/07/10745241/argentina-report-observance-standards-codes-rosc-accounting-auditing http://hdl.handle.net/10986/7907

Description
Summary:	Strengthening corporate financial reporting is important for Argentina, as the country seeks to foster confidence in the local business community in order to stimulate investments, both local and foreign. In addition, strong corporate accounting practices enable local banks and financial institutions to monitor adequately their businesses risks, credit and otherwise, which is essential at a time when the Argentine banking sector emerges from the crisis triggered by the events of December 2001. Sound accounting and auditing is therefore essential to the stability of Argentina's banking sector. This report analyzes Argentina's corporate financial reporting and auditing practices with a view to supporting the Government's strategy to: (a) improve the investment climate for Argentine companies; (b) foster trade competitiveness by aligning the standards of reporting and governance with practices that are prevalent among the country's main trading partners; and (c) ensure greater transparency in both the private and public sectors. International Financial Reporting Standards (IFRS), International Standards on Auditing (ISA) and good international practice, particularly among the other large countries in Latin America, have been used as benchmarks for this exercise. A study of corporate governance practices was conducted in parallel, which findings complement those of the Report on the Observance of Standards and Codes (ROSC) accounting and auditing.

Argentina - Report on the Observance of Standards and Codes (ROSC) : Accounting and Auditing

Similar Items