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KPMG in Azerbaijan holds the annual IFRS Update for clients

KPMG in Azerbaijan holds the annual IFRS Update

On 8 November, KPMG in Azerbaijan hosted the annual IFRS Update for clients at the JW Marriott Absheron Hotel.


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The workshop commenced with a welcoming speech from Leonid Tverdokhlebov, Audit Director at KPMG in Azerbaijan, after which Mikhail Stepanov, DPP Partner at KPMG in Russia and the CIS, delivered the presentation “Revenue from contracts with customers, Leases, Financial instruments: Overview of expected credit loss models and Overview of recent changes to IFRS”.


Before that, on 3 November, the IFRS Update 2017 for financial sector clients was held at the KPMG office in Baku and hosted by Ravshan Irmatov, Audit Partner at KPMG in Kazakhstan. Ravshan delivered the presentation on Classification & Measurement, Impairment, and Financial guarantee contracts and made an overview of the changes in IFRS and the amendments taking effect in the near future.


The events was attended by experts from the companies engaged in preparing IFRS financial statements as well as accounting, financial and internal audit staff. The audience took an active part in Q&A session, which took place at the end of each event.


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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