KPMG in Azerbaijan held IFRS Updates

On 8 and 10 November Baku hosted annual KPMG IFRS Updates for 2016.

8 November 2016 - 10 November 2016, 00:00AM - 00:00AM, AZT Baku, Azerbaijan

On 8 and 10 November Baku hosted annual KPMG IFRS Updates for 2016.

The events were attended by top managers and experts from companies engaged in preparing IFRS financial statements as well as accounting, financial and internal audit staff. There were two workshops for KPMG in Azerbaijan clients and targets: for financial services companies and for non-financial institutions. The workshops were led off by Leonid Tverdokhlebov, Audit Director at KPMG in Azerbaijan. The guests from banks and financial services companies were addressed by Ravshan Irmatov, Audit Partner at KPMG in Kazakhstan, and the workshop for non-financial institutions was hosted by Mikhail Stepanov, DPP Partner at KPMG in Russia and the CIS. KPMG professionals presented an overview of IFRS changes in 2016 and spoke on the amendments taking effect in the near future. They also presented a detailed examination of practical implementation of several new standards, including IFRS 15 Revenue from Contracts with Customers, IFRS 16 Lease and IFRS 9 Financial Instruments.

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