Evaluation consolidated under Financial Group Banca Transilvania

Evaluation consolidated under Financial Group Banca Transilvania

Blog Article

One of the components of prudence measures adopted by the competentauthorities with the regulation and supervision of financial markets at national andEuropean level is mandatory consolidation of accounts.Romania as member of theEuropean Union it harmonized national regulations with the European consolidation ofaccounts of companies.For the banks Star Wars have been issued by the appropriate rules by theregulators authority, concerned by copyright of Romania.

In accordance withnational regulations, companies are required to prepare annual consolidated financialstatements may make such situations according to the regulations or accounting inaccordance with Directive VII of the European Economic baton Community, underInternational Financial Reporting Standards.