Petro Rabigh to adopt IFRS by December

31/08/2016 Argaam

Rabigh Refining and Petrochemical Co. (Petro Rabigh) said its target date to approve the new accounting policies in line with International Financial Reporting Standards (IFRS) is Dec. 13.

 

Ernst & Young has been hired as an external advisor for the transition and an internal team has been set up to manage the transition, the company added in a statement to Tadawul on Wednesday.

 

The petrochemical producer also said the transition was proceeding smoothly, adding that the first IFRS-based financial statements will be issued for FY-15 by Dec. 15.

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.