The Central Bank is discussing with the Financial Control Bureau to raise the level of supervisory work
2018/11/08 8:52 am
Central Bank Governor Ali al-Alaq on Wednesday discussed with the Financial Control Bureau to raise the level of supervisory work to improve the performance of banks and non-banking financial institutions.
A statement by the Central Bank that «the governor of the bank on the relations held a meeting with the President of the Office of Federal Financial Supervision and the President of the Iraqi Association of Certified Public Accountants to discuss the performance of auditors regarding the disclosure of accounting banks and financial institutions non-bank financial statements and ways to improve it».
The statement added that "priorities have been set for professional work and cooperation to raise the level of supervisory work to a high level in order to ensure the improvement of the performance of banks and non-bank financial institutions."
He stressed the need to anticipate any problems that may occur before detection and take the necessary measures to address them.