20 April 2011: IFRS implemented with all Romanian banks as of next year

Posted by on 20 April, 2011
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This item was filled under Accounting

Romanian banks (listed and unlisted) are already required to prepare IFRS financial statements
in parallel with Romanian GAAP. From 2012 onward, IFRSs will substitute local GAAP for banks completely and
will become the sole base for accounting.

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