CENTRAL ASIA STRUGGLES TO DEVELOP FINANCIAL REPORTING AND BUSINESS STANDARDS
June 1st, 2012
BY MARK ROWE
THE ARAB world maybe liberalizing, amidst sometime violent struggle, but the world still awaits a Central Asia spring. Five former Soviet states straddle this region - Kazakhstan, Uzbekistan, Tajikistan, Turkmenistan and Kyrgyzstan - and all, to varying degrees, are struggling to develop internationally-recognised financial reporting standards, business ethics and commercial regulation.
And it would be a mistake to characterise the five so-called 'stans' as flyblown, distant countries of little strategic interest. All are either important sources ...
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