KPMG in Azerbaijan held IFRS 9 trainings for Pasha Holding group

On 26 January, KPMG Azerbaijan hosted a workshop for Pasha Holding Group

26 January 2017, 10:00AM - 12:00PM, AZT Baku, Azerbaijan

On 26 January, KPMG Azerbaijan hosted a workshop for Pasha Group of Companies on new accounting standard for financial instruments - International Financial Reporting Standard 9 (IFRS 9). The workshop was led by KPMG Head of Financial Risk Management group, Dr. Michael Kunisch and Senior Managers - Dr. Xaver Schlagberger and Farhad Aliyev.

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Agenda

Participants discussed main concepts of IFRS 9 covering classification & measurement and new impairment model. During this interactive program, KPMG and representatives of PASHA Group of Companies discussed key challenges arising from implementation of IFRS 9 with particular focus on new impairment model. In addition, detailed discussion held around target picture on main IFRS 9 elements with specific examples and cases relevant to Group. At the end of the workshop, KPMG and Group developed roadmap for implementation of the new standard, which will be applied by PASHA Group effective from 1 January 2018.

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About KPMG in Azerbaijan

KPMG in Azerbaijan is part of a global network of professional firms providing Audit, Tax and Advisory services, operating in 155 countries with over 174,000 people working in member firms around the world.

KPMG has been working in CIS for more than twenty years and now has 18 offices, employing together over 4,000 people.

For more information, please contact:

Kamilla Sharifova, Marketing Senior Specialist

T: +994 (12) 4048910

E: ksharifova@kpmg.az

Follow us on twitter: @KPMGAzerbaijan

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