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Uruguay - Report on the observance of standards and codes (ROSC) : accounting and auditing : Uruguay - Informe sobre el cumplimiento de normas y codigos (ROSC) : contabilidad y auditoria (Spanish)

This report provides an assessment of accounting, financial reporting and auditing practices within Uruguay's corporate sector, using International Financial Reporting Standards (IFRS) and International Standards on Auditing (ISA) as benchmarks, and drawing on international experience and good practices in those fields. The main objective of this ROSC is to assist the authorities in strengthening accounting and auditing practices and in enhancing financial transparency in the corporate sector. These efforts support the following development objectives: (a) making Uruguay's business climate more attractive for foreign direct investment and foster capital market development; (b) enhancing opportunities for greater economic integration with Mercosur, the US and the EU; and (c) improving state-owned enterprise (SOE) governance and accountability.

Details

  • Document Date

    2006/01/30

  • Document Type

    Accounting and Auditing Assessment (ROSC)

  • Report Number

    38589

  • Volume No

    1

  • Total Volume(s)

    1

  • Country

    Peru,

    Uruguay,

  • Region

    Latin America & Caribbean,

  • Disclosure Date

    2010/07/01

  • Disclosure Status

    Disclosed

  • Doc Name

    Uruguay - Informe sobre el cumplimiento de normas y codigos (ROSC) : contabilidad y auditoria

  • Keywords

    account, accountability, accountants, ACCOUNTING, accounting firms, accounting framework, accounting practices, accounting principles, accounting procedures, accounting rules, Accounting Standards, Accounts, administrative costs, affiliates, audit reports, audited accounts, audited financial statements, AUDITING, Auditing Standards, auditor independence, auditors, audits, autonomy, bad debt, banking sector, banking system, banks, budget appropriations, business enterprises, business entities, business entity, capitalization, commercial banks, Commercial enterprises, commercial entities, commercial transactions, Companies Law, company, Company Law, consolidated financial statements, consolidation, Cooperatives, corporate accounting, Corporate Governance, corporation, corporations, credit risk, credit unions, deposits, estate, expenditures, external auditors, financial disclosure, financial information, Financial Institutions, financial management, Financial Reporting, Financial Reporting Standards, Financial Statement, financial transparency, foreign assets, GAAP, good practices, image, income statements, independent audit, independent oversight, inflation, institutional investors, insurance, International Accounting Standards, International Accounting Standards Committee, Latin American, laws, legal entity, legal framework, legislation, limited, managers, mandates, minority shareholders, monetary policies, monopoly, Municipality, parent company, portfolio monitoring, private banks, private companies, private company, professional body, prudential regulations, quality assurance, regulatory agencies, regulatory authority, securities regulator, shareholder, shareholders, Smaller companies, sociedad de responsabilidad limitada, sole practitioners, sole proprietorships, stakeholders, state-owned companies, statutory auditors, stock companies, stock company, stock exchange, stock exchanges, stock market, stock markets, subsidiary, Tax Administration, taxable income, technical assistance, universities

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Citation

Uruguay - Report on the observance of standards and codes (ROSC) : accounting and auditing : Uruguay - Informe sobre el cumplimiento de normas y codigos (ROSC) : contabilidad y auditoria (Spanish). Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/819301468173071652/Uruguay-Informe-sobre-el-cumplimiento-de-normas-y-codigos-ROSC-contabilidad-y-auditoria