«Daykhanbank» will introduce the modern international standard of financial reporting
The State Commercial Bank of Turkmenistan "Daykhanbank" searches for advisers for introduction of IFRS 9- the international standard of financial reporting. The credit institution has published the corresponding international tender in the local press. Conformity to IFRS 9 means that the financial documentation of the organisation is gathered and processed under the uniform international standard. It raises trust in the reporting of establishment from foreign partners and increases possibility of attraction of investments, including foreign. Transition into IFRS 9 also allows making work of banks of more transparent and will raise at the expense of it their general efficiency. IFRS 9 has come into force from January 1, 2018 and at the moment is the conventional international standard which establishes an order of preparation and presentation of financial reporting.
