Sudan Report on the Observance of Standards and Codes : Accounting and Auditing

World Bank

World Bank, Washington, DC

关键词: ACCESS TO FINANCING;    ACCESS TO INFORMATION;    ACCOUNT;    ACCOUNTABILITY;    ACCOUNTANCY;   

RP-ID  :  AAA55

学科分类：社会科学、人文和艺术（综合）

来源: World Bank Open Knowledge Repository

【 摘 要 】

The assessment of accounting andauditing (A&A) practices in Sudan is part of the jointinitiative of the World Bank and the International MonetaryFund (IMF) to prepare Reports on the Observance of Standardsand Codes (ROSC). The ROSC A&A assessment focuses onstrengths and weaknesses of the corporate accounting andauditing environment that influence the quality of corporatefinancial reporting and involves a review of both mandatoryrequirements and actual practices. It uses InternationalFinancial Reporting Standards (IFRS) and InternationalStandards on Auditing (ISA) as benchmarks and draws onrecent global experiences and good practice in the field ofcorporate financial reporting and auditing. This assessmentused a diagnostic template developed by the World Bank tofacilitate collection of information, which was complementedby findings of a due diligence exercise based on meetingswith key stakeholders conducted by World Bank staff. Theassessment was carried out ensuring participation from thein-country major stakeholders such as regulators ofcorporate entities, banks and similar financialinstitutions, professional accountants, bankers andinvestment analysts, preparers of financial statements,auditors, academics, and representatives from the leadingtrade bodies. The main purpose of this ROSC A&Aassessment is to assist the Government of Sudan instrengthening the private sector's accounting andauditing practices, along with enhancing financialtransparency in the corporate sector.