Regulatory Alerts2010-04-21
Presentation of Audited Accounts
The Central Bank of Seychelles has superseded Circular BS 18 by relaxing the mandatory balance sheet and income statement formats to align with IAS/IFRS flexibility. For audited accounts ending 31 December 2009, the Bank will liaise with commercial banks to secure any additional data it may require. Going forward, all banks must submit an annexed report detailing key financial performance indicators alongside their audited statements, as mandated by Section 40 of the Financial Institutions Act 2004.
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