PIDS EPM 2020-2021
Reset and Rebuild for a Better Philippines in the Post-pandemic World
DLSU-AKI Working Paper Series 2021-11-079
Examining and Evaluating the Multidimensional Energy Poverty Index (MEPI) in the Philippine Household Context
DLSU-AKI Working Paper Series 2021-11-078
A Game Theoretic Study on CSR and Government Intervention for Sustainable Production
DLSU-AKI Working Paper Series 2021-11-077
Obstacles to Economic Freedom Affecting Micro, Small, and Medium Enterprises (MSMEs) in Southeast Asian Countries

PIDS WB 2021-1104
Assessing the Philippines' Performance in Meeting the ASEAN Economic Community Vision 2025
PIDS WB 2021-1103
Examining The Health Impacts Of The COVID-19 Pandemic In The Philippines
ILS 30th Anniversary Video
PIDS WB 2021-1102
Evaluating the Pantawid Pamilyang Pilipino Program's Payment System
Publication Detail
ADB 2002-11: Diagnostic Study of Accounting and Auditing Practices in the Philippines

This report describes accounting and auditing arrangements in Indonesia, identifies deficiencies in those arrangements, and presents recommendations to address those deficiencies. The study revealed a range of issues that need attention if accountancy is to maintain its high status in the Philippines and if the Philippines is to successfully attract investment. In the case of accounting and auditing standards and practices, the study identifies deficiencies in the standards and in standard-setting arrangements. In addition, the quality of financial reporting is undermined by a lack of compliance monitoring. With regard to professional arrangements, the study identifies significant weaknesses in CPA licensure standards and quality assurance arrangements. Standards of accountancy education and training arrangements may also need to be raised. Some of these constraints can be addressed with minimum resources and effort, while others are more complex and will take time. SEE ALSO

Asian Development Bank
Authors Keywords
ADB; education; academe; auditing code; educational system;
Download PDF Number of Downloads
Published in 2002 and available in the ADB or Downloaded 295 times since November 25, 2011
Please let us know your reason for downloading this publication. May we also ask you to provide additional information that will help us serve you better? Rest assured that your answers will not be shared with any outside parties. It will take you only two minutes to complete the survey. Thank you.

To use as reference:
If others, (Please specify):
Name: (optional)
Email: (required, but will not display)
If Prefer to self-describe, please specify:
Level of Education:
If employed either part-time or full-time, name of office:
If others, (Please specify):
Would you like to receive the SERP-P UPDATES e-newsletter? Yes No
Use the space below if you have any comment about this publication or SERP-P knowledge resources in general.