Key Accounting and Auditing Reforms
The purpose of this knowledge paper focusing on key accounting and auditing reforms is to assist the government to make informed decisions for future reform actions following the publication of the Macedonian Report on the Observance of Standards a...
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| Language: | English |
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World Bank, Vienna
2018
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| Online Access: | http://documents.worldbank.org/curated/en/365351534759365175/Key-Accounting-and-Auditing-Reforms http://hdl.handle.net/10986/30310 |
| Summary: | The purpose of this knowledge paper
focusing on key accounting and auditing reforms is to assist
the government to make informed decisions for future reform
actions following the publication of the Macedonian Report
on the Observance of Standards and Codes (ROSC) on
Accounting and Auditing (A and A). The paper should be used
as a tool to assist the Ministry of Finance when discussing
and further analyzing some possible implications of various
reform actions that the government and key stakeholders may
choose to conduct, as well as provide possible application
examples when possible. The government has remained
committed to continue its reform efforts in corporate
financial reporting frameworks and actual practices and
implement the recommendations of the ROSC A and A update.
This paper is divided into four thematic areas including:
(i) Definition and special Considerations for Public
Interest Entities (PIEs); (ii) Reducing regulatory burdens
related to compliance with accounting, financial reporting
and auditing requirements for Micro and Small and Medium
Sized Enterprises (SMEs); (iii) public oversight of
statutory auditors and quality assurance over external audit
function; and (iv) professional accountancy education and training. |
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