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 Project ID - 37 BACK | TOP
A-Financial & Capital Market Reform  B-Public Sector Reform & Governance  C-Private Sector Dev.  D-Regional & Community Development  E-Program & Project Support Services
Reference ID:
A C Description:
Project Subject:
Introduction of International Accounting Standards in Commercial Banks Carried out a project to assist the 40 commercial banks to prepare for and introduce IAS to replace the gosbank system of accounting. A local team of bank accountants was formed and trained to provide assistance in the interface with the banks. Seminars were conducted for the banks, an implementation kit was prepared and distributed and technical assistance was provided through a series of meetings and consultations. As the banking community was shrinking from increased minimum capital requirements, twenty six remaining banks were converted successfully to IAS.
Country:
Georgia, Republic of
Client Organization:
National Bank of Georgia and the Association of Banks of Georgia
Year:
1999-01
Funding Agency:
EC Tacis Program
Key Staffing:
H. Knight, R. Westmacott, M. Vande Velde, N. Armstrong-Flemming
Value:
US$950,000
Associated Firm/
Organization:
GCG Consulting of Georgia
  

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