Bangladesh: Report on Observance of Standards and Codes-Fiscal Transparency
Volume/Issue:
Volume 2003
Issue 185
Publication date: June 2003
ISBN: 9781451804102
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Topics covered in this book
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Business and Economics , Public Finance , ISCR , CR , government policy , executive government , General government consist , government regulation , government holding , NBR authority , internal audit , General government , annual budget , accounting system , balance sheet , Budget planning and preparation , Auditing , Fiscal accounting and reporting , Internal audit
Summary
This report assesses the Observance of Standards and Codes on Fiscal Transparency for Bangladesh. Bangladesh has made significant progress in recent years toward addressing longstanding problems of fiscal reporting and meeting basic requirements of fiscal transparency. Measures are in hand to present audited accounts from 2002/3 onward within 12 months of year-end, and monthly reports are being produced about 5–8 weeks after month-end. Much remains to be done to improve data reliability, particularly with respect to reporting of foreign-financed projects, but processes are in place to establish sustainable improvements in accounts reconciliation.
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