Financial Reporting Standards

EghtesadOnline: Minister of Economic Affairs and Finance Masoud Karbasian and Governor of the Central Bank of Iran Valiollah Seif have jointly signed a directive regarding bank balance sheets that could finally end a two-year dispute between the CBI and Audit Organization of Iran over who gets to set financial reporting standards for lenders.

EghtesadOnline: The International Financial Reporting Standards Foundation has published a new profile on the use of IFRS standards in Iran.