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KPMG in Azerbaijan hosted IFRS Update

KPMG in Azerbaijan hosted IFRS Update

On 28 September, KPMG in Azerbaijan hosted annual “IFRS Update” seminar at the Four Seasons Hotel in Baku.

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On 28 September, KPMG in Azerbaijan hosted annual “IFRS Update” seminar at the Four Seasons Hotel in Baku. More than 70 experts, including representatives of finance and accounting functions, as well as members of internal audit functions of leading companies attended the event.

Ziya Mammadov, Audit Senior Manager at KPMG in Azerbaijan, opened the event with a welcoming speech. Grigory Uvarov, Senior Manager at Department of Professional Practice of KPMG in Russia and the CIS continued the seminar with the overview of the recent changes in IFRS.

Grigory spoke in detail about the new standards and amendments effective from 2018 as well as about the changes taking effect in the near future. His presentation included practical examples on implementation of new standards such as IFRS 15 Revenue from Contracts with Customers, IFRS 16 Lease and IFRS 9 Financial Instruments.

The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation.

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