What is the basis for the preparation of Zenith Banks financial reports?
Zenith Bank’s financial reports are prepared in accordance with, and comply with the relevant Statements of Accounting Standards issued by the Nigerian Accounting Standards Board and the ongoing concern principle under the historical cost convention. Zenith Bank also plans to adopt the International Financial Reporting Standards (IFRS ) in an effort to strengthen its corporate governance, improve transparency and reduce information asymmetry for international investors.
