Bosnia and Herzegovina : Accounting and Auditing

World Bank

Washington, DC

关键词: ACCOUNTANCY;    ACCOUNTANTS;    ACCOUNTING;    ACCOUNTING FRAMEWORK;    ACCOUNTING POLICIES;   

RP-ID  :  38974

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 report provides an assessment ofaccounting, financial reporting, and auditing requirementsand practices within the enterprise and financial sectors inBosnia and Herzegovina. It uses International FinancialReporting Standards (IFRS), International Standards onAuditing (ISA), and the relevant portions of European Union(EU) law as benchmarks. This report shows that managers andauditors do not consistently comply with accounting andauditing requirements, which has an adverse impact on theeconomy. This report recommends significant changes to lawand regulations to align the statutory framework withevolving internationally accepted practices, these changesinclude: strengthening the country's financialarchitecture and reducing the risk of financial marketcrises; contributing to foreign direct and portfolioinvestment and helping to mobilize domestic savings;facilitating the access of smaller-scale corporateborrowers; improving the assessment and collection of taxeson corporate profits; allowing investors to evaluatecorporate prospects and make informed investment and votingdecisions; allowing shareholders and the public at large toassess management performance; and facilitating Bosnia andHerzegovina's eventual integration into the European Union.