Financial Accounting System

Financial Integrity Team affiliated with Controlling Support Division takes responsibility for financial accounting activities of Arig bank and the team is consisted of 6 accountants. Senior supporter/Chief Accountant/ organizes and oversees regular work of team and Lead supporter of CSD controls the activity of the Senior supporter.

The team performs accounting operations continually, ordinarily and safely, in addition team activity is focused to provide management team, local and overseas customers with accurate financial information.

Arig bank complies with International Financial Reporting Standards (IFRS), Mongolian Law on Accounting and the Guideline of banking accounting approved jointly by decree А35/20 on February 6, 2015 by the President of Bank of Mongolia and Minister of Finance as well as internal accounting procedures and guidelines approved by decree -04 on December 09, 2015 by The Board of Directors.

Arig bank uses Grapemaster, Gramis, MIS and Tableau programs which are the most efficient and easy to use, specified, automated, multifunctional research and monitoring program for Preparing daily financial statement and financial statement for the management body. We use those programs to find necessary quantitative data any time.