Catalog

Financial Management and Governance Issues in Pakistan

E-mail or fax the Publications Unit at + 632 636 2648 to order the printed version of this publication. Applicable shipping cost will be charged. View Document  Books, Periodicals, Studies, and Reports On-line edition: Free of Charge Hardcopy price: $10.00 ISBN: 971-561-330-6 Paperback (Pub. Date: 2000) In stock

This report describes accounting and auditing arrangements and practices in Pakistan, identifies deficiencies in those arrangements, and presents recommendations to address those deficiencies.

SEE ALSO

Financial Management and Governance Issues Series Diagnostic Study of Accounting and Auditing Practices Series

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Contents

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Foreword, Contents, and Executive Summary [ PDF:148kb | 13 pages ]

1. INTRODUCTION [ PDF:21kb | 4 pages ]
   1. Study Background
   2. Objectives
   3. Scope
   4. Country Case Studies and Workshops
   5. ADB Focus on Financial Governance in Pakistan
   6. Pakistan
   7. Project for Improving Financial Reporting and Auditing

2. ACCOUNTING AND AUDITING IN PAKISTAN [ PDF:49kb | 15 pages ]

   Part One. Accounting

   1. Introduction
   2. Public Sector Accounting
   3. Private Sector Accounting
   4. Financial Reporting Requirements
   5. Private Sector Reporting

   Part Two. Auditing

   6. Introduction
   7. Auditor-General
   8. Public Accounts Committee
   9. Private Sector Auditing
   10. International Accounting and Auditing Firms

3. PROFESSIONAL INFRASTRUCTURE [ PDF:39kb | 12 pages ]
   1. Introduction
   2. The Institute of Chartered Accountants of Pakistan
   3. Institute of Cost and Management Accountants
   4. The Pakistan Institute of Public Finance Accountants

4. ACCOUNTING AND AUDITING STANDARDS [ PDF:26kb | 6 pages ]
   1. Introduction
   2. Deviations from International Accounting Standards (IAS)
   3. Public Sector Accounting Standards Board Establishment
   4. Pakistan Standards on Auditing

5. ACCOUNTING AND AUDITING TRAINING [ PDF:39kb | 10 pages ]
   1. Introduction
   2. Public Sector Training
   3. Institutional Training
   4. Continuing Professional Education (CPE)

6. GOVERNMENT BUDGETING AND ACCOUNTING [ PDF:34kb | 9 pages ]
   1. Introduction
   2. Project for Improving Financial Reporting and Auditing
   3. Budget Procedures
   4. Corruption Issues in the Public Service

7. DONOR ASSISTANCE [ PDF:25kb | 4 pages ]
   1. Overview
   2. Donor Activities and Aid Coordination
   3. Project for Improving Financial Reporting and Auditing

8. ISSUES AND RECOMMENDATIONS [ PDF:49kb | 14 pages ]

   Part One. Where Donor Assistance Might be Appropriate

   1. Islamabad Accounts and Audit Academy
   2. Accounting Training
   3. Training for Accounting Lecturers and Professors
   4. Security and Control of Non-current Assets
   5. Review of Commercial Laws

   Part Two. Where External Assistance Is Not Required

   1. Separation of the Accounts and Audit Functions
   2. Amalgamation of Accounting Bodies
   3. Public Relations – National Accounting Bodies
   4. Independent Pakistan Accounting Standards Board
   5. Public Sector Accounting Standards Board
   6. Pakistan Public Sector Accounting Standards
   7. Application of IAS for Unlisted Companies
   8. Public Accounts Committees (PACs)
   9. Additional Recommendation by a senior staff member of Auditor-General’s Department
   10. Establishment of Internal Audit Function
   11. Joining the Institute of Internal Auditors
   12. ADB Anti-corruption Policy

9. MAIN DEFICIENCIES AND ACTION PLAN [ PDF:24kb | 2 pages ]

REFERENCES AND APPENDIXES [ PDF:88kb | 36 pages ]