Haiti : A Review of Accounting and Audit Practices

Haiti : A Review of Accounting and Audit Practices

This report analyzes corporate financial reporting and auditing practices in Haiti. It supports the Government's efforts to: (a) improve financial sector stability and development; (b) encourage a business climate conducive to private investme...

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Bibliographic Details
Main Author:	World Bank
Format:	Accounting and Auditing Assessment (ROSC)
Language:	English
Published:	Washington, DC 2012
Subjects:	ACCESS TO CREDIT ACCOUNT ACCOUNTABILITY ACCOUNTANCY ACCOUNTANTS ACCOUNTING ACCOUNTING CURRICULA ACCOUNTING DOCUMENTS ACCOUNTING FRAMEWORK ACCOUNTING PRACTICES ACCOUNTING PRINCIPLES ACCOUNTING RECORDS ACCOUNTING RULES ACCOUNTING SERVICES ACCOUNTS ACCRUAL ACCOUNTING AUDIT REPORTS AUDITED ACCOUNTS AUDITED FINANCIAL STATEMENTS AUDITING AUDITING PROFESSION AUDITORS AUDITS AUTONOMY BALANCE SHEET BANKING LAW BANKING SECTOR BANKING SUPERVISION BANKING SYSTEM BANKS BEST PRACTICE BOOKKEEPING BORROWING BORROWING COSTS BUSINESS CLIMATE BUSINESS COMMUNITY BUSINESS LAW CALCULATION CAPITAL REQUIREMENTS CAPITALIZATION CASH FLOW CHAMBER OF COMMERCE COMMERCIAL BANKS COMMERCIAL ENTERPRISES COMMON TRANSACTIONS CONSOLIDATED FINANCIAL STATEMENTS CONSOLIDATION CONTRIBUTION CREDIT BUREAU CREDIT RATING CREDIT RISK CURRENCY CURRENT ASSETS CURRICULUM DEFERRED INCOME DEPRECIATION DEVELOPMENT BANK DIRECT INVESTMENT EARNINGS EARNINGS PER SHARE ECONOMIES IN TRANSITION EDUCATION STANDARDS EMPLOYEE BENEFITS EQUITY CAPITAL EXCHANGE RATES EXPENDITURE EXTERNAL AUDITORS EXTRAORDINARY ITEMS FINANCES FINANCIAL ANALYSIS FINANCIAL DATA FINANCIAL INFORMATION FINANCIAL INSTRUMENTS FINANCIAL MANAGEMENT FINANCIAL POSITION FINANCIAL REPORTING FINANCIAL REPORTING STANDARDS FINANCIAL SECTOR FINANCIAL SERVICES FINANCIAL SITUATION FOREIGN EXCHANGE FUTURE CASH FLOWS GAAP GOOD PRACTICE GOVERNMENT ACCOUNTING GOVERNMENT ACCOUNTING STANDARDS IMAGE INCOME STATEMENTS INCOME TAX INDEBTEDNESS INFORMATION TECHNOLOGY INFORMED DECISIONS INFRASTRUCTURE INVESTMENTS INSURANCE INSURANCE COMPANIES INTERNAL CONTROLS INTERNATIONAL ACCOUNTING STANDARDS INTERNATIONAL ACCOUNTING STANDARDS COMMITTEE INTERNATIONAL AUDITING STANDARDS INVENTORY INVESTMENT ACTIVITIES INVESTMENT CLIMATE LARGE COMPANIES LARGE PUBLIC ENTERPRISES LEGAL FRAMEWORK LEGAL PROVISIONS LEGISLATION LENDERS LIABILITY LIFE INSURANCE LIFE INSURANCE POLICIES LOAN LOAN LOSS PROVISIONS LOCAL BANKS LOCAL BUSINESS LOCAL BUSINESSES LOCAL ENTERPRISES LOW INCOME MANAGEMENT INFORMATION SYSTEMS MARKET DISCIPLINE MARKET SHARE MEDIUM ENTERPRISE MEDIUM ENTERPRISES MODERN BANKING NONBANK FINANCIAL INSTITUTIONS OUTREACH ACTIVITIES PENSION FUND PENSION FUND ADMINISTRATORS PENSION SECTOR PRIVATE INVESTMENT PRIVATE PENSION PRIVATE SAVINGS PRIVATIZATION PROFESSIONAL ASSOCIATIONS PROFITABILITY PUBLIC ACCOUNTANTS PUBLIC ENTERPRISES PUBLIC EXPENDITURE PUBLIC INVESTMENT PUBLIC SERVICES QUALITY ASSURANCE QUALITY CONTROL RATING AGENCIES REGULATORY FRAMEWORK RISK MANAGEMENT SALES SAVINGS SECURITIES SENIOR SEWAGE SMALL BUSINESS SOURCES OF INCOME STAKEHOLDERS START-UP COSTS STATUTORY AUDITORS STOCK EXCHANGE TAX ADMINISTRATION TAX LAWS TAX RATES TAXATION TRAINING PROGRAM TRANSACTION VALUATION WITHDRAWAL
Online Access:	http://documents.worldbank.org/curated/en/2007/11/10131257/haiti-report-observance-standards-codes-rosc-review-accounting-audit-practices http://hdl.handle.net/10986/7912

Description
Summary:	This report analyzes corporate financial reporting and auditing practices in Haiti. It supports the Government's efforts to: (a) improve financial sector stability and development; (b) encourage a business climate conducive to private investment and local companies' access to credit and long-term finance; and (c) enhance the governance and accountability of public enterprises. For the purpose of this study, the benchmarks that have been used include the International Financial Reporting Standards (IFRS) and the International Standards on Auditing (ISA). The report also draws on international experience and good practice in accounting and auditing, particularly in Latin America and the Caribbean. The main focus of the review is the institutional framework and professional environment that underpin private sector accounting and audit practices.

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