Union of Arab Banks concludes the cycle of preparing financial statements for banks in Baghdad

Economy News _ Baghdad

The Union of Arab Banks, in cooperation with the Association of Iraqi Private Banks, concluded a session on "Preparing and Presenting the Financial Statements of Banks in accordance with International Accounting and Reporting Standards" with the participation of 58 trainees working in the Central Bank and government and private banks.

The director of management and training in the Association of Iraqi Private Banks, Ahmed Hashemi, during the closing ceremony of the session held on the hall of the Association of Iraqi private banks and attended by "Economy News", "The session included the participants to the requirements of the rules of preparing and photographing the financial statements of banks and the basis of evaluation and measurement of assets and obligations Financial and non-financial financial statements of banks ".

"There is a workshop to be held in cooperation with the Central Bank and will complement the training course on the criterion (9-16), which is an international standard and will be applied according to the working environment inside Iraq," he added.

Hashemi pointed out that "the course was aimed at training employees in the banking sector of Iraq on how to apply the changes that have been introduced to the accounting standards and standards of international financial disclosure."

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