The topic of the seminar was the financial criterion in the licensing process for BHT Premier League clubs for the 2020/21 competitive season.
In addition to representatives of the BH Premier League clubs (directors, secretaries and financial officers), the seminar was attended by certified auditors from certified audit firms, who would audit the financial statements of the clubs in the upcoming licensing season.
Experts from the Club Licensing Administration explained to participants in today’s seminar in detail, and based on a practical presentation of one club, the requirements of the financial criteria in the club licensing process.
Authorized auditors briefed club representatives on the technical details of auditing the financial statements of the clubs to be conducted within the specified timeframe. Also, club representatives presented their problems that they dealt with, when meeting the obligations of the given financial criterion for club licensing.
The second seminar on the topic of the process of clubs licensing will be organized in mid of this month, and it will cover topics from administrative, legal, sports and infrastructural criteria.