SE Market Operator adopted the international financial reporting standards

State Enterprise Market Operator from January 1, 2021, began the implementation of a new accounting policy and switched to international financial reporting standards. The Cabinet of Ministers of Ukraine has approved Market Operator’s accounting policy, the press service reports.

In cooperation with USAID, new software has been integrated into the operation of the enterprise, which supports accounting following international standards.

“We are grateful to our international partners for their help in adapting international financial reporting standards in the work of Market Operator. These are positive changes for the company, which make our work even more transparent and of high quality,” comments acting Director of SE Market Operator Roman Sutchenko.

As reported, Market Operator received a positive opinion from an independent auditor.

Tags: The Cabinet of Ministers, legislation, USA, electricity market, Market operator, price, infrastructure, Shmyhal, supplier

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