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The Minister of Finance is taking a package of measures and procedures to control the movement of accounts
June 4 21:46 1 shares
The Minister of Finance takes a package of measures and procedures to control the movement of accounts
Information / Baghdad...
Minister of Finance, Taif Sami, announced today, Sunday, that the
TSA system will contribute to improving the quality of financial statements for banks, while
she referred to a package of measures and procedures to control the movement of financial accounts.
The Ministry of Finance said, in a statement received by Al-Maaloumah, that
“Minister Taif Sami chaired today the consultative meeting regarding the requirements for designing and implementing the TSA unified account system, in the presence of the general managers of
During the meeting, the Minister of Finance stressed the importance of doubling the work efforts of the sub-committees by obliging all spending units within ministries and institutions to
The measures and procedures that the Ministry is working on to
moving towards updating the financing accounts towards the investment account and the current operational account. She stressed that
"the system will contribute to improving the quality of financial statements of banks within the framework of applying international standards in
ended 25 n
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June 4 21:46 1 shares
The Minister of Finance takes a package of measures and procedures to control the movement of accounts
Information / Baghdad...
Minister of Finance, Taif Sami, announced today, Sunday, that the
TSA system will contribute to improving the quality of financial statements for banks, while
she referred to a package of measures and procedures to control the movement of financial accounts.
The Ministry of Finance said, in a statement received by Al-Maaloumah, that
“Minister Taif Sami chaired today the consultative meeting regarding the requirements for designing and implementing the TSA unified account system, in the presence of the general managers of
- Al-Rafidian and
Al-Rasheed banks, the
real estate,
industrial,
agricultural,
Al-Nahrain Islamic Bank, the
Iraqi Trade Bank, and the
director general of the Accounting Department.” And
representatives of the above banks, the
representative of the Office of Financial Supervision and the
ministerial team concerned with the project.
During the meeting, the Minister of Finance stressed the importance of doubling the work efforts of the sub-committees by obliging all spending units within ministries and institutions to
- allocate allocations for them and
not to exceed their account ceilings, to
reduce cases of out-of-control spending, in addition to
doubling oversight and audit efforts around them.
The measures and procedures that the Ministry is working on to
- control the movement of financial accounts to include various sectors and to
determine the accuracy of the financial data, in addition to
moving towards updating the financing accounts towards the investment account and the current operational account. She stressed that
"the system will contribute to improving the quality of financial statements of banks within the framework of applying international standards in
- auditing,
control,
transparency and
risk management."
ended 25 n
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