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.

EghtesadOnline: The Central Bank of Iran hosted a meeting to analyze obstacles to the implementation of the International Financial Reporting Standards.

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.

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.

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.