KPMG in Azerbaijan jointly with FIMSA held a seminar on IFRS 9 implementation for banks and financial institutions of the Republic of Azerbaijanl.
28 June 2018, 5:29PM - 5:29PM, AST
On 29 June, KPMG in Azerbaijan jointly with the Financial Market Supervisory Authority (FIMSA) held a seminar on IFRS 9 implementation for banks and financial institutions of the Republic of Azerbaijan in JW Marriott Absheron Hotel.
During the seminar, KPMG professionals Michael Kunisch, Head of Financial Risk Management at KPMG in Russia and the CIS, and Nasiba Muradkhanova, Audit Senior Manager at KPMG in Azerbaijan, reviewed the main concepts of IFRS 9, basic differences between IFRS 9 and IAS 39, implementation effects in European and CIS banks, and selected approach in different banks across CIS.
More than 50 representatives from 25 banks in Azerbaijan attended the event.
During an interactive Q&A session, which followed the presentation, KPMG speakers together with the guests reviewed the key elements of IFRS 9 providing specific examples and practical situations relevant to the financial market.