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Seminar on National Accounting Standards for accountants and financial professionals starts in Ashgabat

June 17, 2014

A five-day seminar on the National Accounting Standards for accountants and financial professionals of the Turkmenistan'sMinistry of Finance and local insurance organizations has started in Ashgabat.

The event is organized by the U.S. Agency for International Development (USAID) under the support of the Chevron Corporation, the U.S. Embassy said on June 16.

The seminar will discuss implementation of national accounting standards in the insurance sector, criteria for assessing the financial reports, requirements for disclosure of information and best practices in the use of professional accounting judgments in financial reporting.

These seminars aim to assist in the reform of the accounting sector, and are conducted for the Government of Turkmenistan since 2008. New standards will improve transparency of information, which will allow foreign investors and financiers to better understand financial reporting of state and private sectors in Turkmenistan.

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Source: AKIpress News Agency (Kyrgyz Republic)

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