The central bank decided to move banks and insurance companies with International Standards on disclosure system
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The central bank decided to move banks and insurance companies with International Standards on disclosure system
Admin Sat Jan 09, 2016 9:28 am
History of edits:: 2016/1/7 16:58
[Baghdad - where]
Bank Alrmerkza Iraq decided to move from standardized accounting system for banks and insurance companies to the international disclosure standards.
The bank said in a statement received by all of Iraq [where] a copy of it, he was "for banks and insurance companies that can shift it must shift from 2015, and in view of the end of fiscal year 2015 and could not move immediately to international standards, so the banks and insurance companies to prepare the final accounts for the year 2015 two sets, one of them in accordance with the uniform accounting system, and the second in accordance with International Standards on disclosure. "
He pointed out that "these steps in order to be able to clear all the transition style disclosure requirements and inventory variables for the next step of preparing the final accounts for 2016 according to international standards to disclose fully and binding".
He said the bank, he was "fully prepared with BSA and the Council of the profession of monitoring and auditing of the Iraqi Society of Certified Public Accountants to support this shift and provide Maittalb advice and experience through the provision of courses and lectures.
The World Bank stipulated that when given Iraq a loan B120qamh billion and $ 200 million to improve the Iraqi banking system .anthy
http://www.alliraqnews.com/modules/news/article.php?storyid=26402
[Baghdad - where]
Bank Alrmerkza Iraq decided to move from standardized accounting system for banks and insurance companies to the international disclosure standards.
The bank said in a statement received by all of Iraq [where] a copy of it, he was "for banks and insurance companies that can shift it must shift from 2015, and in view of the end of fiscal year 2015 and could not move immediately to international standards, so the banks and insurance companies to prepare the final accounts for the year 2015 two sets, one of them in accordance with the uniform accounting system, and the second in accordance with International Standards on disclosure. "
He pointed out that "these steps in order to be able to clear all the transition style disclosure requirements and inventory variables for the next step of preparing the final accounts for 2016 according to international standards to disclose fully and binding".
He said the bank, he was "fully prepared with BSA and the Council of the profession of monitoring and auditing of the Iraqi Society of Certified Public Accountants to support this shift and provide Maittalb advice and experience through the provision of courses and lectures.
The World Bank stipulated that when given Iraq a loan B120qamh billion and $ 200 million to improve the Iraqi banking system .anthy
http://www.alliraqnews.com/modules/news/article.php?storyid=26402
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