South Africa - IOSCO Principles--Securities Markets : Detailed Assessment of Implementation

International Monetary Fund ; World Bank

Washington, DC

关键词: ACCOUNTING;    ACCOUNTING STANDARD;    ACCOUNTING STANDARDS;    ACTIVE MARKET;    AGRICULTURAL COMMODITIES;   

RP-ID  :  69155

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 is an update of the InternationalOrganization of Securities Commissions (IOSCO) assessmentthat was performed in 2000 as part of the Financial SectorAssessment Program (FSAP) of South Africa. South Africa hasmade substantial progress in addressing the recommendationsof the 2000 FSAP and is continuing to build upon theseaccomplishments. South Africa was one of the first countriesto adopt the International Financial Reporting Standardspromulgated by the International Accounting Standards Board.The Department of Trade and Industry (DTI) has the legalauthority to register all companies in South Africa,including public companies and to set and enforce disclosurerequirements and accounting standards. Significantamendments to the Companies Act dealing with thisresponsibility were enacted in 2007 and recently in 2009.DTI has not implemented the 2007 or 2009 amendments. Goingforward, careful examination should be given to whether theauthority and responsibility for these functions shouldcontinue in the DTI or be reassigned by Parliament to theFinancial Services Board (FSB).