Regulatory Alerts2016-11-15
BCEAO Instruction No. 033-11-2016 on Consolidated Financial Statements
The Governor of the Central Bank of West African States (BCEAO) issued Instruction No. 033-11-2016 to mandate consolidated financial statements for banks, financial institutions, and financial companies controlling or influencing other entities. The regulation defines consolidation scope, including exclusive and joint control, and establishes accounting rules for goodwill, deferred taxes, and currency translation. It further details specific consolidation methods such as full integration, proportional integration, and equity method application based on the level of control and activity nature.
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