Regulatory Alerts2026-04-17
Accounting Charter
The Bank of the Republic of Haiti (BRH) mandates that credit and savings cooperatives (CECs) adhere to a standardized accounting charter for recording all transactions. The charter defines core financial categories—including assets, liabilities, equity, and the income statement—along with specific rules for classifying accounts and reporting net results. Non-compliance triggers administrative sanctions under the June 26, 2002 Cooperative Act, which must be formally reviewed during the CEC's annual general meeting.
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