Baker Tilly team has been auditing the financial statements in accordance with International Financial Reporting Standards of most of aircraft industry entities in the Republic of Tajikistan for the past years, including:
- Dushanbe International Airport
- Khujand International Airport
- Kulob International Airport
- National Air Carrier “Tajik Air”
- State Unitary Enterprise “Tajikairnavigation”, air navigation service provider of the Republic of Tajikistan.
These financial statements are submitted to the European Bank for Reconstruction and Development as part of the contractual obligations between the companies and the bank.
The Baker Tilly team has been assisting the international airline in the last years in delivering audited condensed financial statements on a quarterly basis and annual financial statements in compliance with the International Financial Reporting Standards for the purpose of consolidation into the parent company’s accounts located in the Republic of Turkey. The project is unique because the airline is located in the Kyrgyz Republic and is registered in compliance with the Kyrgyz legislation, however, the functional currency is US Dollar following IAS 21 “The effect of changes in foreign exchange rates”.