Regulatory Alerts2008-07-21 | 11/5Added · Updated
Guidelines on the Procedure for Maintaining Accounting and Organizing Accounting Work in Banks of the Republic of Uzbekistan
The Central Bank of Uzbekistan approves mandatory guidelines for commercial banks, including microfinance banks, regarding the organization of accounting operations, the structure of the accounting apparatus, and the handling of documents. The regulation defines key operational concepts such as Front-office, Back-office, and various control stages, while establishing specific requirements for the custody of seals, the management of accounts, and the delegation of duties within the accounting department. It also mandates that banks develop internal accounting policies to ensure accurate reporting and effective internal control across all branches and service offices.
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