Description: Swaziland Report on the Observance of Standards and Codes : Accounting and Auditing

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

The Report on Observance of Standards and Codes, Accounting and Auditing (ROSC A&A), requested by the Government of the Kingdom of Swaziland, contributes to development of a comprehensive plan that will strengthen the institutional framework th...

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Bibliographic Details
Main Author:	World Bank
Language:	English en_US
Published:	World Bank, Washington, DC 2016
Subjects:	ACCOUNT ACCOUNTABILITY ACCOUNTANCY ACCOUNTANTS ACCOUNTING ACCOUNTING POLICIES ACCOUNTING SERVICES ACCOUNTING STANDARDS ACCOUNTS ACCRUALS ADMINISTRATIVE DUTIES AUDIT COMMITTEE AUDIT COMMITTEES AUDIT REPORTS AUDITED FINANCIAL STATEMENTS AUDITING AUDITING STANDARDS AUDITOR INDEPENDENCE AUDITORS AUDITS BANKS CATEGORIES OF COMPANIES CERTIFIED ACCOUNTANTS CHIEF EXECUTIVE COMPANIES ACT COMPANY COMPANY LAW CORPORATION CORPORATIONS DISCLOSURE REQUIREMENTS EMPLOYMENT ESTATES EXEMPT PRIVATE COMPANIES EXTERNAL AUDITORS FINANCIAL INFORMATION FINANCIAL INSTITUTIONS FINANCIAL MANAGEMENT FINANCIAL RECORDS FINANCIAL REPORTING FINANCIAL REPORTING STANDARDS FINANCIAL REPORTS FINANCIAL SERVICES FINANCIAL STATEMENT FINANCIAL STATEMENTS FINANCIAL SYSTEM FOREIGN EXCHANGE GOOD PRACTICE INCORPORATED INDIVIDUALS INSURANCE INTERNATIONAL ACCOUNTING STANDARDS INTERNATIONAL ACCOUNTING STANDARDS COMMITTEE INVESTIGATION LAWS LEGISLATION LIMITED MANAGERS MANDATES METROPOLITAN AREAS MINORITY INTEREST NATURAL RESOURCES PARTNERSHIP PRIVATE COMPANIES PRIVATE COMPANY PRIVATE LIMITED COMPANIES PRIVATE PARTNERSHIP PRODUCTIVITY PROFESSIONAL BODY PROFESSIONAL ORGANIZATION PUBLIC COMPANIES PUBLIC ENTERPRISES QUALITY ASSURANCE QUALITY CONTROL QUALITY OF EDUCATION REGISTRAR OF COMPANIES REGULATORY AUTHORITY REGULATORY FRAMEWORK REGULATORY INSTITUTIONS REPORTING RETIREMENT SHARE CAPITAL SHAREHOLDER SHAREHOLDERS SOCIETY SOLE PRACTITIONERS STAKEHOLDER STAKEHOLDERS STOCK EXCHANGE SUBSIDIARIES SUBSIDIARY SYSTEMIC RISK TAXATION TECHNICAL ASSISTANCE UNION UNIVERSITIES
Online Access:	http://documents.worldbank.org/curated/en/564711479710463024/Swaziland-Report-on-the-observance-of-standards-and-codes-ROSC-accounting-and-auditing http://hdl.handle.net/10986/25728

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Summary:	The Report on Observance of Standards and Codes, Accounting and Auditing (ROSC A&A), requested by the Government of the Kingdom of Swaziland, contributes to development of a comprehensive plan that will strengthen the institutional framework that underpins accounting and auditing practices in the country. ROSC A&A program is a part of the joint World Bank-International Monetary Fund (IMF) initiative on assisting member countries to strengthen their financial system by improving capacity to comply with important internationally recognized standards and codes. The initiative covers twelve areas that relate to: (a) policy transparency; (b) financial sector regulation and supervision, Financial Sector Assessment Program (FSAP); and (c) market integrity. ROSC A&A relate to market integrity and specifically reviews and makes recommendations for strengthening the framework for education and training for accountants, the capacity and services of a professional accountancy organization, regulatory framework governing accounting and auditing practices, the applicable accounting auditing and ethics standards and the extent of their implementation, and the regulatory institutions and mechanism for monitoring and enforcing compliance with the standards.