DOHA: Global audit, tax and advisory firm, KPMG hosted a major seminar on International Financial Reporting Standards (IFRS) in Qatar this week at the Intercontinental Hotel.
More than 120 accounting and finance professionals from various industries attended the two day course on November 8 and 9. The first day of the programme concentrated on advanced topics for financial institutions and the second day of the program focused on general IFRS updates and on recent changes, forthcoming developments in IFRS as well as certain standards that have proved more difficult to implement in practice.
IFRS has become the accepted norm in most countries, with the US expected to decide on the replacement of US GAAP by IFRS in 2012. Keeping abreast of the massive number of changes - current and in progress -is challenge for both the preparers and users of financial statements. The seminar provided an opportunity to review the current status of international accounting across a number of industries, and enabled the participants to share their views on how to deal with emerging complex financial reporting issues. "Based on feedback from our clients and accounting and finance professionals in Qatar, we recognised a need for a tailored IFRS programme," said Gopal Balasubramaniam, Partner KPMG Qatar.
"KPMG is committed to assisting accounting and finance professionals by providing a timely insight on topics such as IFRS. We are pleased with the turnout and look forward to offering similar programs in the future," he added.
The seminar was presented by Yusuf Hassan, Head of KPMG's Regional IFRS team, who has been involved with numerous IFRS related training sessions in the region and was formerly with KPMG in South Africa. The training was moderated by Omar Mahmood, Director Audit at KPMG Qatar.
© The Peninsula 2010
