Honduras: Law Requires Financial Institutions to Publish Financial Statements
The amendment passed by Congress requires banks and financial institutions to publish in newspapers their financial information.
Monday, December 6, 2010
"With the amendment, article 32 says that "the supervised institutions are required to publish, in accordance with standards established by the Commission, their balance sheets and profit and loss statements at the end of each year with their accompanying notes and auditor's opinion,” states the article in Proceso Digital´s website.
New guidelines from the Costa Rican Treasury Office will allow greater access to the most relevant data of companies who paid more than $500,000 in taxes in the past three years.
In Costa Rica companies classified as Large National Taxpayers or Regional Companies must provide audited financial statements.
Nine of the eleven private banks operating in the market generated fewer profits in 2010 than in 2009.
The Congress of Honduras passed a bill prohibiting smoking in indoor public and private areas.
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