Cover Image

Afghanistan public sector accounting and auditing : a... -- 2007

Call Number
PDF (5.0 MB)
Title Afghanistan public sector accounting and auditing : a comparison to international standards.
Imprint Washington, D.C. : World Bank, 2007.
Physical Description vi, 71 p. ; 30 cm.
Notes “October 2007.”
“Report No. 41041-AF.”
“Public disclosure authorized.”
"Document of the World Bank."
Summary: “This assessment of public sector accounting and auditing is generally meant to help implement more effective Public Financial Management (PFM) through better quality accounting, reporting and public audit processes in Afghanistan, and to provide greater stimulus for more cost-effective outcomes of government spending. Annex A explains the methodology used for the assessment. Reporting is a major outcome of the public accounting process that provides an important basis for PFM accountability. More specific objectives are (a) to provide the country’s accounting and audit authorities and other interested stakeholders with a common strongly founded knowledge as to where local practices stand against the internationally developed norms of accounting, financial reporting and auditing; (b) to assess the prevailing variances; (c) to chart paths for improving the accordance with international standards; and (d) to provide a continuing basis for measuring improvements. The adoption of a firmly based accounting, reporting, and auditing framework is a solid value proposition; the alternative is a gross wastage of public and donor funds. One of the foremost challenges facing the adoption of a clear-cut accounting, reporting, and auditing framework, is the lack of a program for ensuring sustainable national capacity development in Afghanistan. Unless this happens, Afghanistan will remain excessively dependent on foreign expertise indefinitely, and be highly vulnerable to reductions in aid flows and external technical assistance. Capacity development will also require wider public administration reforms (recruitment, pay, human resources); organizational restructuring and improvements; and training; these are not the specific topics of this assessment. Better management of the massive amounts of external technical assistance currently being injected into Afghanistan, is also needed to ensure that the technical assistance supports longer-term national capacity development. Adequate implementation of accounting and auditing, based on international standards is crucial to underpin these PFM systems. Response by the Treasury on the draft country report found that the accounting aspects of the Gap Analysis Report are accurate and useful, the options expressed are for the most part practical and can be implemented, and that in some cases the timing of implementation depends on further development of the environment in the country. The Auditor General responded that the audit aspects provided a valuable guide for setting the way forward and providing guidance on upgrading the operations of the CAO to comply appropriately with international practice.”--(Executive summary, p. 1).
Subject Headings Accounting – Standards – Afghanistan.
Auditing – Standards – Afghanistan.
Public finance – Afghanistan.
Corporate Body World Bank.
Web Address (accessed 17 February 2011)
Accession Number 14993
Language English
Language Code E
Copies 1
Record Number 13342