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SOUTH CAUCASUS RAILWAY SHIFTS TO INTERNATIONAL FINANCIAL REPORTING STANDARDS
ARKA
November 1, 2010
YEREVAN
YEREVAN, November 1, /ARKA/. The South Caucasus Railway (SCR),
operating Armenia's railroads, said today it has shifted to
international financial reporting standards. In a press release,
the Russia-managed company, said its employees have been having an
extensive course conducted by experts from international auditing
and advisory company BDO Unicon. It said the goal of the course is
to upgrade the professional skills of the personnel and make them
comply with international standards.
The press release said also that in view of shifting to international
financial reporting standards the company will introduce also
international accounting standards and will be conducting its financial
policy guided by internationally accepted norms and standards.
The South Caucasus Railways is run by Russian Railways. The
concessional agreement was concluded in 2008 for 30 years, with a
right of extension for another 20 years after the first 20 years
of operation.
From: A. Papazian
ARKA
November 1, 2010
YEREVAN
YEREVAN, November 1, /ARKA/. The South Caucasus Railway (SCR),
operating Armenia's railroads, said today it has shifted to
international financial reporting standards. In a press release,
the Russia-managed company, said its employees have been having an
extensive course conducted by experts from international auditing
and advisory company BDO Unicon. It said the goal of the course is
to upgrade the professional skills of the personnel and make them
comply with international standards.
The press release said also that in view of shifting to international
financial reporting standards the company will introduce also
international accounting standards and will be conducting its financial
policy guided by internationally accepted norms and standards.
The South Caucasus Railways is run by Russian Railways. The
concessional agreement was concluded in 2008 for 30 years, with a
right of extension for another 20 years after the first 20 years
of operation.
From: A. Papazian