This report provides an assessment of accounting and auditing practices within the corporate sector in Lao PDR. This assessment is positioned within the broader context of the Lao PDR's institutional framework and capacity needed to ensure the quality of corporate financial reporting. Today, there is a lack of provision of required accountancy training and skilled local professionals. The audits of public interest entities are primarily carried out by representatives of the major international networks. The lack of senior local staff and lack of understanding of the local environment within those organizations is of concern particularly as regulators lack any capacity to monitor the quality of financial reporting. A significant strengthening exercise is required if Lao PDR is to create a strong corporate financial reporting infrastructure. The policy recommendations are aimed at Lao PDR authorities for consideration. Considering the limited capacity of Lao PDR institutions, the recommendations are premised to require the support of international partners, to help promote a gradual and continuing process of improvement.
详细
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文件日期
2009/01/07
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文件类型
会计与审计评估（ROSC）
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报告号
68688
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卷号
1
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Total Volume(s)
1
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国家
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地区
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发布日期
2012/05/18
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Disclosure Status
Disclosed
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文件名称
Lao PDR - Report on the observance of standards and codes : Accounting and Auditing (ROSC)
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关键词
financial statement;financial reporting;chart of account;Gross National Income Per Capita;accounting and auditing standard;insurance companies;higher level of education;Insolvency and Creditor Rights;millennium development goal;small and medium size enterprise;scheme will;public interest entity;accounting standards;professional accountancy body;asset and liability;
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