This Country Financial AccountabilityAssessment (CFAA) for Jordan is a diagnosis of thecountry's public and private financial accountabilityframework, financial management systems and practices. Themain objective is to: a) assess whether the existingaccountability, as designed and practiced, is sufficient toensure effective and efficient use of public funds; and b)support the country in the design and implementation offinancial management capacity building programs in order topromote transparency and strengthen investor confidence inthe management of public and private funds. This CFAA isbeing undertaken as part of the government program forpublic sector reform. It is based on discussions withJordanians government officials, private sectorrepresentatives and the desk review of related studies andpapers undertaken by the government and the Bank regarding:public sector management; private sector accounting andauditing; and education and training in financialmanagement, and accounting. A key element of the CFAA'srecommendation targets the auditing profession, which iscalled upon to ensure that the profession contributeeffectively to enhancing private and foreign investmentenvironment through the promotion of sound, internationallyaccepted disclosure practices.