Screenshot: 

According to the 2004 Financial System Stability Assessment conducted by the International Monetary Fund, Algerian accounting principles are overly vague and financial statements are generally unreliable for information on company performance. Furthermore, companies are not required to prepare consolidated financial statements and there are no accounting guidelines for the treatment of a number of important transactions. Also, compliance with local standards is not enforced effectively and there is no framework for sanctions and penalties. As stated in a 2005 World Bank report, in the spring of 2003 the World Bank completed a Report on the Observance of Standards and Codes on accounting and auditing in Algeria that evaluated the weaknesses and strengths of the country's accounting and auditing requirements and compared its reporting requirements against actual practices, using the International Financial Reporting Standards and International Standards on Auditing as the benchmarks. However, this report on Algeria has not been made publicly available.

In a Financial System Stability Assessment conducted by the International Monetary Fund (IMF) in 2004, the IMF observed that, in general, auditing practices in Algeria are not at par with the international standards. Furthermore, local standards are not enforced effectively. The IMF pointed out that audit partnerships are "highly fragmented" and training is limited. As stated in a 2005 World Bank report, in the spring of 2003 the Bank completed a Report on the Observance of Standards and Codes (ROSC) on accounting and auditing in Algeria, using the International Financial Reporting Standards and International Standards on Auditing as the benchmarks for assessing national standards. However, this report has not yet been made publicly available.