Uzbekneftegaz (UNG) is the largest oil and gas corporation in Uzbekistan, making up as much as 10% of GDP. Finspect Advisory is assisting UNG to transition to international financial reporting standards (IFRS) by setting up business processes for and providing trainings to IFRS implementation department.
IFRS Conversion experts and consultants at Finspect Advisory have a track record of working with companies to achieve consistency in their financial reporting policies and practices. We proposed five steps to IFRS conversion and assisted in smooth transition from national standards (NSBU) to IFRS. This is:
1) Diagnostics and business process review
2) IFRS and Excel modelling trainings
3) Business process re-engineering
4) Role definition
5) Embedding IFRS to organizational culture
To learn more about us, please contact your consultant at advisory@finspect.uz