Seminar on financial reportings

Seminar on financial reporting standards

Charles at the IFRS seminar
Ernst & Young has held its annual day international financial reporting standards (IFRS) update seminar.
The seminar was presented by Ian Charles, an external training consultant with Ernst & Young and a senior IFRS instructor at Emile Woolf International, which specialises in developing and delivering IFRS training programmes based in the UK, an official said.
The seminar focused on the amendments and proposed changes to IAS 30 including the recently issued IFRS 9; financial instruments, classification and measurement.
The seminar discussed various facets of the new standards and proposed changes to the existing standards which will impact the financial reporting of business in Qatar.
Firas Qoussous, assurance technical partner at Ernst & Young Qatar, outlined the impact these changes could have on the financial statements of companies in the country especially in the financial services industry.
“The seminar was attended by key finance executives from major corporations in Qatar in the financial and non-financial service sectors and presented a platform for the participants to discuss the challenges in implementing ever changing standards and issues involving financial statements presentation and disclosure,” the official said.