وزارت اقتصاد

Second phase of publishing audited financial statements of 132 public sector companies in KODAL system, ministry of Economic Affairs and Finance announced.

IBENA – Ministry of Economic Affairs and Finance in this announcement, referring to publication and public access to financial information of subsidiaries of non-governmental organizations and institutions in terms of comparing their financial performance with financial performance of state-owned companies and separating share of each sector in advancing country's economic goals and making prosperity has stated: Undoubtedly, this will have a great impact on strengthening and improving macro-financial and economic policies of the system and providing opportunity for researchers and experts in economic fields.

Public access to audited financial statements of companies operating in public sector of the country, to enhance transparency and increase of accountability of managers of such companies, which is one of the high goals of corporate system and one of critical principles of corporate governance will be great, the announcement emphasized.

Ministry of Economic Affairs and Finance, in pursuing and implementing one of its priorities, named increasing financial transparency, after publication of audited financial statements of state-owned companies, in next phase, publication of audited financial statements of a number of companies belong to public sector in KODAL system for public access has been started, the announcement states.

It should be noted that some companies belonging to public institutions and banks and insurance companies are listed in exchange and are subject to rules and regulations of disclosure and transparency of Exchange and Securities Organization and take action duo to continuous publication of their audited financial statements in KODAL system.

In following of the statement: Companies belonging to public non-governmental organizations and institutions are operating as an important and effective part of the country's economy within framework of Islamic Republic of Iran and their owner institutions as represent of all people, have opportunity to exercise property rights in this such enterprises; Thus, public access, as a stakeholder, to information and results of their annual financial performance, while strengthening public questioning and promoting accountability of managers, is also particular importance in public trust.

Comment

You are replying to: .
4 + 0 =