Accounting and Auditing : Ukraine
This assessment of accounting and auditing practices in Ukraine is part of a joint initiative of the World Bank and International Monetary Fund (IMF) to prepare Reports on the Observance of Standards and Codes (ROSC). The assessment focuses on the...
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| Language: | English en_US |
| Published: |
Washington, DC
2017
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| Online Access: | http://documents.worldbank.org/curated/en/170561468313768947/Ukraine-Report-on-the-Observance-of-Standards-and-Codes-ROSC-accounting-and-auditing http://hdl.handle.net/10986/28236 |
| Summary: | This assessment of accounting and
auditing practices in Ukraine is part of a joint initiative
of the World Bank and International Monetary Fund (IMF) to
prepare Reports on the Observance of Standards and Codes
(ROSC). The assessment focuses on the strengths and
weaknesses of the accounting and auditing environment that
influence the quality of corporate financial reporting and
includes both a review of both mandatory requirements and
actual practice. The report uses International Financial
Reporting Standards (IFRS) and International Standards on
Auditing (ISA) as benchmarks and draws on international
experience and good practice in the field of accounting and
auditing regulation. All the key economic sectors in Ukraine
rely on high quality financial information, which requires
high quality private sector accounting and auditing. As
Ukraine moves towards further reforms, liberalization and
deregulation in efforts to foster an investment-friendly
business environment enhanced financial transparency and
improved accounting and auditing practices must support
this. In this context, this report sets out policy
recommendations to enhance the quality of corporate
financial reporting and foster a financial reporting
platform conducive to sustainable private and financial
sector growth, thus increasing access to global financial
markets and other tools of the market economy. |
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