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Financial Reporting Framework in Tajikstan

Companies other than financial institutions

In 2002, a presidential decree required that IFRSs should be adopted and assigned responsibility to the Ministry of Finance of the Republic of Tajikistan. A working group comprised of members of professional organizations, the National Bank, Ministry of State Revenues and Duties, and practicing accountants and auditors was formed in 2003 to establish the process. Implementation of IFRS started first in designated large enterprises. A government decree specified 29 enterprises designated by various state ministries for initial implementation of IFRSs. Those enterprises were originally required to adopt IFRS in 2004 but this deadline was extended until 2005, with full implementation scheduled by 2007.

Banks and other financial institutions

Accounting and reporting requirements for banks and financial institutions are determined by the National Bank of Tajikistan. IFRS implementation for banks began in 1999 with assistance of the World Bank.

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.