The objective of this program will be to strengthen the technical and professional skills of public accountants and private independent auditing firms in Nicaragua so that they may provide their clientele with transparent, reliable and timely accounting and financial information. In addition, assistance will be provided to help the Comptroller General of the Republic (CGR) review and update its internal procedures. To achieve this objective, the program will provide support for: review and modernization of the legal framework governing public accountancy, and study of amendments to be made to the Commercial Code requiring firms to keep account books according to generally accepted accounting principles, plus publication and promotion of the new standards; strengthening the administrative structure and operations of the CCPN, enabling it to oversee the profession and develop continuing education programs; raising the level of professional competence among public accountants by reviewing and upgrading the university curriculum in accountancy, developing a graduate program in auditing, and establishing a self-financing program of continuing education; and review and updating of the procedures and methods currently used by the CGR in the selection and hiring of independent auditing firms, and examination of the methods for overseeing and evaluating the internal auditing units of public agencies in Nicaragua.

Project Detail

Country

Nicaragua

Project Number

TC9901025

Approval Date

October 27, 1999

Project Status

Closed

Project Type

Technical Cooperation

Sector

REFORM / MODERNIZATION OF THE STATE

Subsector

REFORM / MODERNIZATION OF THE STATE

Lending Instrument

Multilateral Investment Fund Instrument

Lending Instrument Code

MIF

Modality

-

Facility Type

-

Environmental Classification

-

Total Cost

USD 1,398,000.00

Country Counterpart Financing

USD 475,000.00

Original Amount Approved

USD 923,000.00
Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
ATN/MH-6715-NI Non-Sovereign Guaranteed USD - United States Dollar Human Resource Facility Nonreimbursable
ATN/MT-6714-NI Non-Sovereign Guaranteed USD - United States Dollar Technical Cooperation Facility Nonreimbursable
Operation Number ATN/MH-6715-NI
  • Lending Type: Non-Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Human Resource Facility
  • Financial Instrument: Nonreimbursable
Operation Number ATN/MT-6714-NI
  • Lending Type: Non-Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Technical Cooperation Facility
  • Financial Instrument: Nonreimbursable

Can’t find a document? Request information

 Implementation Phase
https://www.iadb.org/document.cfm?id=EZSHARE-623630771-4108
Donors Memorandum
Donors memorandum for MIF project TC9901025 - ATN_MH-6715-NI [1803248].PDF
Dec. 31, 1999
English
https://www.iadb.org/document.cfm?id=EZSHARE-623630771-3883
Project Performance Monitoring Reports
PPMR for MIF project TC9901025 - ATN_MT-6714-NI June, 2000 [1784651].PDF
Dec. 31, 1999
Spanish
https://www.iadb.org/document.cfm?id=EZSHARE-623630771-3884
Project Performance Monitoring Reports
PPMR for MIF project TC9901025 - ATN_MT-6714-NI July, 2001 [1784652].PDF
Dec. 31, 1999
Spanish

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