Turkmenistan’s banks are preparing for audits of their annual financial statements in accordance with the Laws of Turkmenistan “On Credit Institutions and Banking” and “On Auditing Activity,” as well as the Presidential Resolution “On the Accounting and Auditing Reform Program.”
Deputy Chairman of the Cabinet of Ministers H.Geldimyradov reported this at a government meeting on Friday.
The audit will analyze the accuracy of the country’s credit institutions’ financial statements and assess their banking activities. The State Development Bank, the State Bank for Foreign Economic Affairs, the state-commercial banks Daýhanbank and Turkmenistan, the joint-stock commercial banks Türkmenbaşy, Halkbank, and Senagat, and the Turkmen-Turkish Joint-Stock Commercial Bank plan to announce an international tender to select a reputable international audit firm. A proposal was submitted to the head of state for consideration.
Turkmenistan President Serdar Berdimuhamedov, emphasizing the need to further improve the banking sector, approved the tender proposal and instructed the Deputy Prime Minister to carry out the relevant work.
