Regulatory Alerts2007-12-20 | 118735Regulation on Requirements for the Chart of Accounts in Commercial Banks and Other Financial and Credit Organizations of the Kyrgyz Republic
The National Bank of the Kyrgyz Republic issued this regulation to establish mandatory requirements for the formation and structure of the chart of accounts in commercial banks and other financial-credit organizations. The document mandates that banks develop their accounting plans in accordance with International Financial Reporting Standards (IFRS) to ensure the preparation of financial, regulatory, and macroeconomic statistical reports. It defines specific classification criteria for asset, liability, equity, income, and expense accounts, including detailed rules for foreign currency translation and amortization.
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