PHOTO
Doha – Qatar: KPMG In Qatar organized its 23rd edition of the annual IFRS workshop update, targeting Finance and Audit professionals from diverse sectors in Qatar. The event took place at the Hilton Hotel in Doha and spanned the entirety of a day, drawing a notable crowd of more than 200 attendees.
This year, KPMG in Qatar had the privilege of welcoming Charles Batchelor, a Partner from KPMG's Lower Gulf division, to lead the session. Charles brings with him extensive experience in financial reporting consulting, offering valuable insights into the IFRS implications of various transactions, alongside comprehensive training for both finance and non-finance professionals on the complete spectrum of IFRS.
The session's agenda encompassed a range of pertinent topics, including common issues encountered in the region concerning IFRS interpretation, updates on new standards, guidance on managing hyperinflation in accounting, the introduction of new sustainability standards, and strategies for addressing climate change within the accounting framework.
Gopal Balasubramaniam, Partner, and Head of Audit at KPMG in Qatar initiated the session with a warm welcome to all participants and the importance of this yearly workshop. Gopal emphasized the growing significance of sustainability disclosure, asserting that it would profoundly impact companies across all industries, marking a crucial step toward giving sustainability reporting equal prominence alongside financial reporting.
Subsequently, Charles Batchelor started the session by covering common issues encountered in the region concerning IFRS interpretation, updates on new standards and guidance on managing hyperinflation in accounting. Charles delivered an in-depth presentation that delved into emission schemes, net-zero commitments, climate-related issues, and other critical developments within the financial reporting landscape, offering insights relevant to companies of all sizes and sectors.
The session was met with resounding success, and all attendees were presented with a KPMG certificate of attendance.
-Ends-
For further information, please reach out to:
Huda Ibrahim
Manager, Marketing and Communications, KPMG in Qatar
E: hudai@kpmg.com
About KPMG:
KPMG is a global organization of independent professional services firms providing audit, tax and advisory services. It operates in 145 countries and territories, and has more than 226,882 people working in member firms around the world. Each KPMG firm is a legally distinct and separate entity and describes itself as such. KPMG International Limited is a private English company limited by guarantee.
KPMG in Qatar belongs to a network of independent member firms affiliated with KPMG International. With over 226,882 professionals, led by over 10,908 partners worldwide, KPMG’s network allows it to bring together subject matter experts from around the globe to form international teams, with deep insights to tackle the most complex challenges.
KPMG has had a presence in Qatar for over 40 years. It opened for business here in 1978 and is now one of the largest and most established professional services firms in the country. Its 350+ professionals are led by 10 Qatar-based partners. KPMG in Qatar recruits the best and brightest from around the world and currently employs over 30 different nationalities. It works with some of Qatar’s largest public and private sector organizations across most of the country’s core industries. This provides a deep insight into the challenges and opportunities that its clients experience and a comprehensive understanding of how they can be assisted to respond to these issues.