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...
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| Format: | Insolvency Assessment (ROSC) |
| Language: | English |
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Washington, DC
2012
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2007/07/10745241/argentina-report-observance-standards-codes-rosc-accounting-auditing http://hdl.handle.net/10986/7907 |
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okr-10986-7907 |
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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 |
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 |
| spellingShingle |
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 World Bank Argentina - Report on the Observance of Standards and Codes (ROSC) : Accounting and Auditing |
| geographic_facet |
Latin America & Caribbean Argentina |
| description |
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. |
| format |
Economic & Sector Work :: Insolvency Assessment (ROSC) |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
Argentina - Report on the Observance of Standards and Codes (ROSC) : Accounting and Auditing |
| title_short |
Argentina - Report on the Observance of Standards and Codes (ROSC) : Accounting and Auditing |
| title_full |
Argentina - Report on the Observance of Standards and Codes (ROSC) : Accounting and Auditing |
| title_fullStr |
Argentina - Report on the Observance of Standards and Codes (ROSC) : Accounting and Auditing |
| title_full_unstemmed |
Argentina - Report on the Observance of Standards and Codes (ROSC) : Accounting and Auditing |
| title_sort |
argentina - report on the observance of standards and codes (rosc) : accounting and auditing |
| publisher |
Washington, DC |
| publishDate |
2012 |
| url |
http://documents.worldbank.org/curated/en/2007/07/10745241/argentina-report-observance-standards-codes-rosc-accounting-auditing http://hdl.handle.net/10986/7907 |
| _version_ |
1764403471671361536 |
| spelling |
okr-10986-79072021-04-23T14:02:36Z Argentina - Report on the Observance of Standards and Codes (ROSC) : Accounting and Auditing World Bank 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 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. 2012-06-13T15:01:58Z 2012-06-13T15:01:58Z 2007-07 http://documents.worldbank.org/curated/en/2007/07/10745241/argentina-report-observance-standards-codes-rosc-accounting-auditing http://hdl.handle.net/10986/7907 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Washington, DC Economic & Sector Work :: Insolvency Assessment (ROSC) Economic & Sector Work Latin America & Caribbean Argentina |