Consolidated year-end government reporting

This chapter provides an overview of consolidated year-end government reporting in Brazil, benchmarking it against international standards and experiences in 12 countries. The overview presents i) the content, reporting boundaries and accounting basis of Brazil’s consolidated year-end government report – the Accounts of the President of the Republic (Contas do Presidente da República, or CPR) and ii) the general process for the preparation, external audit and legislative scrutiny of the CPR. The analysis contained in this chapter is framed by the OECD “Best Practices for Budget Transparency”, International Standards of Supreme Audit Institutions “Lima Declaration of Guidelines on Auditing Precepts” (ISSAI 1) and “Mexico Declaration on the Independence of Supreme Audit Institutions” (ISSAI 10), as well as the World Bank Institute’s framework on public accounts committees.