“Ernst & Young” is one of the top 4 global audit firms, which established its branch in Mongolia in 2001.
This internationally recognized audit firm provides independent audits review in compliance with International Accounting Standards and works with companies with foreign investment as well as major commercial banks in Mongolia. “Gyals Tugrug” SCC concluded a 3-year cooperation agreement with Ernst and Young Mongolia Audit LLC on January 02, 2017.
According to this agreement, “Gyals Tugrug” SCC provided reliable and robust financial statements to our members. Our year-end financial statements for 2017 and 2018 audited by the “Ernst & Young” international audit firm and those statements met all the prudential ratio requirements set by the Financial Regulatory Commission.
As a result of this audit review, our status of prudential ratio maintenance will be reported to the members in a timely and accurate manner.
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