Republic of Slovenia : Accounting and Auditing

World Bank

Washington, DC

关键词: ACCOUNTING;    ACCOUNTING PERIODS;    ACCOUNTING POLICIES;    ACCOUNTING PRINCIPLES;    ACCOUNTING RECORDS;   

RP-ID  :  35183

学科分类：社会科学、人文和艺术（综合）

来源: World Bank Open Knowledge Repository

【 摘 要 】

This assessment of accounting andauditing practices in Slovenia focuses on the strengths andweaknesses of the accounting and auditing environment thatinfluence the quality of corporate financial reporting, andinvolves a review of both mandatory requirements, and actualpractice. It uses International Financial ReportingStandards (IFRSs), and International Standards on Auditing(ISAs), and the relevant portions of European Union (EU) law(also known as the acquis communautaire) as benchmarks, anddraws on international experience and good practices in thefield of accounting and audit regulation. Slovenia adopted agradualist approach to economic reform: the first stage ofprivatization of socially owned enterprises began in 1992,using different measures, including management and employeebuyouts, voucher privatization via investment funds, anddirect sales. However, the process resulted in a dispersionof ownership among various state institutions, investmentfunds (which have remained passive owners), and, mostnotably, managers and employees. The banking system isrelatively well developed by central European standards, andthe system is sound and well capitalized, with a lowproportion of nonperforming loans. Although the LjubljanaStock Exchange was established in December 1989, it hasfailed to challenge the banks as a source of funding for thecorporate sector, or a destination for the population'ssavings. However, a broad range of Slovenian enterprisesbecame listed toward the end of the 1990s. The insuranceindustry is developing: the state retains an 85 percentstake in the market leader, and, insurance penetration,expressed in terms of premium as a percentage of GDP (5.3percent including health), is the highest among thetransitional Central European countries. As new regulationscome into force, priorities are now turning to build themonitoring, supervisory and disciplinary regimes necessaryto ensure effective compliance. This assessment demonstratesthat the effective enforcement of accounting, auditing andethical standards is the next challenge that Slovenia has totackle. This report draws upon recent internationalexperience in developed economies and accession countries,as well as expected amendments to the acquis communautaire,and recommends that Slovenia strengthen the enforcement ofaccounting and auditing standards.