Fourth Meeting of the Accounting Council Held

Under the second agenda item, in accordance with Article 44, paragraph 1, point 8 of the Accounting Law, the Council adopted an opinion on the Annual Plan for Initial and Continuing Education for 2026. Within the scope of its responsibilities, and with a view to developing and improving accounting practice, the Council will submit proposals and recommendations on how to regulate the matter concerning the classification of the “additional contributions” instrument and forward them to the Ministry of Finance. Under the fourth agenda item, issues related to the forms and chart of accounts of the Insurance Supervision Agency were considered. In accordance with its responsibilities and the activities defined in the Council’s 2026 Work Programme, and with the aim of improving accounting practice, the Council will issue recommendations regarding the authority responsible for prescribing the forms of annual financial statements for insurance companies. The Council considered cooperation with related bodies under the fifth agenda item and agreed that contact and cooperation should be established with the World Bank, particularly for consultations and the exchange of information aimed at establishing cooperation with related bodies in the region and EU member states. Under the final agenda item, further guidelines and activities were agreed upon to implement the Council’s Work Programme, and issues related to the translation of standards and international activities on the same subject were also considered.