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

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作者：

World Bank

来源地址：

http://hdl.handle.net/10986/25730

关键词：

ACCOUNT;  ACCOUNTANCY;  ACCOUNTANT;  ACCOUNTANTS;  ACCOUNTING;  ACCOUNTING FRAMEWORK;  ACCOUNTING PRINCIPLES;  ACCOUNTING RECORDS;  ACCOUNTING REPORTS;  ACCOUNTING RULES;  ACCOUNTING STANDARDS;  ACCOUNTING SYSTEMS;  ACCOUNTS;  ARBITRAGE;  ATTESTATION;  AUDIT STANDARDS;  AUDITED ACCOUNTS;  AUDITED FINANCIAL STATEMENTS;  AUDITING;  AUDITING PROFESSION;  AUDITING STANDARDS;  BAD DEBTS;  BALANCE SHEET;  BALANCE SHEETS;  BANK LOANS;  BANKING LAW;  BANKING REGULATIONS;  BANKING SECTOR;  BANKING SECTORS;  BANKING SERVICES;  BANKING SUPERVISION;  BANKING SYSTEM;  BANKS;  BOARDS OF DIRECTORS;  BOND;  BONDS;  BOURSE;  BUSINESS PLANS;  CAPACITY BUILDING;  CASH FLOW;  CASH RESERVES;  CENTRAL BANK;  CREDIBILITY;  CREDIT INSTITUTION;  CREDIT INSTITUTIONS;  CURRENCY;  DEBTS;  DEPOSITS;  DEVELOPING COUNTRY;  DEVELOPMENT BANK;  EQUITY CAPITAL;  EXCHANGE RATE;  EXTERNAL AUDITORS;  FAIR VALUE;  FINANCIAL AUDITS;  FINANCIAL DATA;  FINANCIAL INFORMATION;  FINANCIAL INSTITUTIONS;  FINANCIAL INSTRUMENTS;  FINANCIAL MANAGEMENT;  FINANCIAL MARKET;  FINANCIAL MARKETS;  FINANCIAL PERFORMANCE;  FINANCIAL REPORTING;  FINANCIAL REPORTING STANDARDS;  FINANCIAL REPORTS;  FINANCIAL STATEMENT;  FINANCIAL STATEMENTS;  FINANCIAL TRANSACTIONS;  FINANCIAL YEARS;  GOVERNMENT ACCOUNTING;  GOVERNMENT BUDGET;  GROSS DOMESTIC PRODUCT;  HUMAN CAPITAL;  HUMAN CAPITAL DEVELOPMENT;  HUMAN DEVELOPMENT;  HUMAN RESOURCES;  INCOME STATEMENTS;  INFORMATION SYSTEMS;  INITIAL PUBLIC OFFERINGS;  INSTITUTIONAL CAPACITY;  INSURANCE;  INSURANCE COMPANIES;  INSURANCE COMPANY;  INSURANCE INDUSTRY;  INSURANCE MARKETS;  INSURANCE POLICY;  INTERNATIONAL ACCOUNTING STANDARDS;  INTERNATIONAL ACCOUNTING STANDARDS COMMITTEE;  INTERNATIONAL INVESTORS;  INTERNATIONAL STANDARD;  INTERNATIONAL STANDARDS;  INVESTMENT CLIMATE;  JUDICIAL SYSTEM;  LAWS;  LEGAL ENVIRONMENT;  LEGAL FRAMEWORK;  LEGAL MECHANISM;  LEGAL PROVISION;  LEGAL PROVISIONS;  LEGISLATION;  LENDING INSTITUTIONS;  LIFE INSURANCE;  LIFE INSURANCE COMPANIES;  LIQUIDITY;  LIVING STANDARDS;  LLC;  MANAGEMENT INFORMATION SYSTEMS;  MARKET OVERSIGHT;  MICRO-FINANCE;  MICRO-FINANCE INSTITUTIONS;  MICRO-FINANCE SECTOR;  MONETARY AUTHORITIES;  MONETARY FUND;  NET PROFIT;  OIL PRICES;  OIL RESOURCES;  PERSONAL PROPERTY;  PROFITABILITY;  PUBLIC ACCOUNTANTS;  PUBLIC ACCOUNTING;  PUBLIC ENTERPRISES;  PUBLIC FINANCE;  PUBLIC OFFERING;  QUALITY ASSURANCE;  QUALITY CONTROL;  QUALITY OF SERVICE;  QUALITY STANDARDS;  REGULATORY FRAMEWORK;  REGULATORY FRAMEWORKS;  RETIREMENT;  RETURN;  SALES;  SECURITIES;  STATE ENTERPRISES;  STATUTORY AUDITORS;  STOCK EXCHANGE;  STOCK MARKET;  STOCKS;  SUBSIDIARIES;  SURETIES;  TAX;  TAX ADMINISTRATION;  TAX CODE;  TAX SYSTEM;  TAXATION;  TELECOMMUNICATIONS;  TRADING;  TRANSPARENCY;  TREATY;  TURNOVER;  Report;  Rapport;  Informe; 

年份：

2014

出版地：

Washington,USA

语种：

English

摘要：

The auditing profession in Chad is characterized by the existence of numerous practitioners who provide accounting and auditing services illegally, in violation of community regulations, and whose qualifications often do not meet the international standards. To date, Chad has not yet set up a national association of chartered accountants. One of the most pressing areas in transposing community texts relates to the establishment of a national association of chartered accountants, whose existence is essential for the development and practice of the accountancy profession in Chad. It is also important for consolidating accounting and auditing processes, improving the quality of financial reporting, facilitating access to credit and supporting foreign direct investors, as well as improving the competitiveness of national businesses. With regard to the accounting standards, the Uniform Act (UA) organizing and harmonizing accounting systems for businesses, as well as the accounting chart of accounts and the provisions put in place by the Commission Bancaire d'Afrique Centrale (COBAC) and the Conference Interafricaine des Marches d'Assurances (CIMA) code, there has been very little change since their entry into force towards the end of the 1990s. This is due to shortcomings in the functioning of the regional bodies in charge of ensuring that these texts were updated in line with changes in the accounting, economic, and legal fields. Looking ahead, the major areas of focus in seeking to strengthen the legal and regulatory framework governing accountancy and auditing professions in Chad are the following: (i) the reclassification of CEMAC licensed accounting technicians in Chad in the category of public accountants, in accordance with community regulations, (ii) the establishment of a national association of chartered accountants, (iii) the proper functioning of the national accounting standards commission, (iv) the adoption of auditing professional standards and a code of ethics in line with those established by International Federation of Accountants, or IFAC independent standard-setting board, (v) the strengthening of initial training through the improvement of the quality of the national curriculum and by drafting a continuous professional training plan, and (iv) the capacity building of the Court of Accounts to enable it implement INTOSAI auditing standards in order to ensure proper supervision of public enterprises.