tag IFRS

80% IFRS Conformity in BMI Balance Sheets

EghtesadOnline: Bank Melli Iran, the nation’s biggest bank, has made significant headways in conforming to International Financial Reporting Standards, its chief executive said.
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Publish Date:31/July/2017 | 24:17

No Obstacle to AGMs of IFRS -Compatible Banks

EghtesadOnline: The latest directive issued by the Central Bank of Iran obligating the conformity of banks to the International Financial Reporting Standards will not hinder lenders from holding annual general meetings and does not comprise meddling in the work of auditors, CBI's deputy for supervision said.
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Publish Date:23/July/2017 | 09:37

Statements of Banks Conform to IFRS

EghtesadOnline: Iranian banks managed to present their balance sheets for the last Iranian year (ended March 20, 2017) in line with the International Financial Reporting Standards, said the secretary-general of the Private Banks and Credit Institutions Association.
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Publish Date:16/May/2017 | 08:36

CBI, KPMG Review IFRS Adoption

EghtesadOnline: The Central Bank of Iran hosted a meeting to analyze obstacles to the implementation of the International Financial Reporting Standards.
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Publish Date:09/March/2017 | 17:12

Iran: Dispute Over IFRS Compliance Resolved

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.
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Publish Date:26/September/2017 | 07:13

Central Bank of Iran Directive Makes IFRS Mandatory

EghtesadOnline: In order to protect the interests of banks and credit institutions' depositors and shareholders, and maintain the stability and health of banking system, the Central Bank of Iran has set a number of conditions vis-à-vis banks' financial statements whose fulfillment is necessary for shareholders' annual meetings to become viable.
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Publish Date:22/July/2017 | 05:05

Confab Reviews IFRS Adoption, Risk Management of Banks

EghtesadOnline: Due to the importance of conforming banks' balance sheets to International Financial Reporting Standards and establishing risk management departments, the second and final day of the 27th annual Conference on Monetary and Foreign Exchange Policies in Tehran focused on these two issues.
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Publish Date:03/July/2017 | 08:34

Iran: 30% Progress in Banks IFRS Adoption

EghtesadOnline: Iranian banks’ progress in adapting to their financial statements with the new model set by the Central Bank of Iran was around 20-30% during the previous Iranian year (ended March 20), said a private bank’s board member.
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Publish Date:17/June/2017 | 07:09

Iran Holds Key Conference on IFRS Adoption

EghtesadOnline: For International Financial Reporting Standards to truly take hold in Iran, they must be accorded significance on the national scale, the governor of the Central Bank of Iran said.
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Publish Date:26/February/2017 | 24:12

Insurance Sector Starts Adopting IFRS

EghtesadOnline: After the banking system, insurance companies are next in line to conform their financial statements to International Financial Reporting Standards, with Iran Insurance Company leading the way.
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Publish Date:12/February/2017 | 10:28

IFRS Publishes Standards Profile for Iran

EghtesadOnline: The International Financial Reporting Standards Foundation has published a new profile on the use of IFRS standards in Iran.
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Publish Date:22/December/2016 | 11:33

IFRS Accounting Standards Mandated

EghtesadOnline; Te Securities and Exchange Organization has mandated companies to prepare their financial statements based on International Financial Reporting Standards for the current fiscal year (ends March 20), in an official letter to all Iranian securities issuers and auditors.
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Publish Date:22/November/2016 | 19:55