Abu Dhabi, UAE. November 02, 2011:  PwC UAE, the leading professional services organisation, hosted an exclusive IFRS Seminar for its key clients at Fairmont Bab Al Bahr, Abu Dhabi. The event provided high thought leadership on accounting topics that are of interest to almost all of the businesses.

The seminar was attended by more than 100 senior accounting professionals from various companies across different industries. It addressed some of the many Financial Reporting topics that are relevant to the current business scenario e.g.:

  • Changes to IFRS that affect the financial statements going forward;

  • IFRS 10, 11 and 12- Consolidation & Joint arrangements and Disclosures;

  • IAS 36 - Impairment;

  • Certain other key standards including IFRS 9 - Financial Instruments, IFRS 13 - Fair Value Measurement.

International Financial Reporting Standards (IFRS) are globally the most accepted and adopted accounting framework today. The seminar aimed at enhancing the existing IFRS knowledge and provided an overview of the practical application of the standards.

PwC provides industry-focused assurance, tax and advisory services to enhance value for their clients. PwC is the market leader in technical accounting advisory services. PwC people are a step ahead of being accountants; they are recognized by the companies as trusted advisors.

Commenting on the seminar Jacques Fakhoury Abu Dhabi Senior Partner and Chairman ME region Board at PwC said "There is a necessity to keep ourselves abreast with the changes to the existing standards and to familiarise ourselves with the new developments. Requests from our clients and our commitment to Abu Dhabi clients have encouraged us to conduct this seminar"

Seminar presenters included K Srinivasan, Ashruff Jamal and Hugh McNaughtan, partners in PwC Assurance Services, UAE. The technical experts present at the seminar were Adriana Marinaro and Muhammad Hassan from PwC Capital Markets and Accounting Advisory Services, Middle East.

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Established in the Middle East for 40 years, PwC has firms in Bahrain, Egypt, Iraq, Jordan, Kuwait, Lebanon, Libya, Oman, the Palestinian territories, Qatar, Saudi Arabia and the United Arab Emirates, with around 2,500 people. (www.pwc.com/middle-east)

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© Press Release 2011