Enhancing Financial Disclosure Standards in Transitional Economies

Abstract

Public and private investors want timely, accurate financial information about institutions before investing. This requires adherence to internationally accepted financial disclosure standards. However, implementing these standards is a particular challenge for economies in transition from the Soviet-era central planning approach toward a market economy. In response to requests from Kazakhstan, the Kyrgyz Republic, Mongolia, and Uzbekistan, ADB provided a technical assistance grant to build capacity to enhance financial disclosure standards. This book is a compendium of the project's findings, activities, results, and recommendations. It can be a valuable guide to accountants, auditors, financial institutions, regulators, investors, governments, researchers, and others interested in the financial practices and progress of these developing nations.