The 8th IFRS Regional Policy Forum is being hosted by Institute of Chartered Accountants of India (ICAI) on 8th-9th March, 2014, at The Taj Mahal Hotel, Mansingh Road, New Delhi with the Theme Financial Reporting: New Frontiers.
A stellar international event, full of thought-provoking and insightful sessions, has impressive speakers from India and abroad, invited to share their thoughts and experiences with the participants attending the conference. The speakers include Mr. Hans Hoogervorst, Chairman, International Accounting Standards Board (IASB); Mr. Clement Chan, President, Hong Kong Institute of Certified Public Accountants and Chairman, Asian-Oceanian Standard-Setters Group (AOSSG); Mr. Kevin Stevenson, Chairman & CEO Australian Accounting Standards Board (AASB); Ms. Tricia O’ Malley, Chairperson, International Forum of Accounting Standard Setters (IFASS) and Ex-Chairperson Accounting Standards Board of Canada; Mr. Amarjeet Chopra, Past President, ICAI; Mr. Tomokazu Sekiguchi, Board Member, Accounting Standards Board of Japan; Mr. P. R. Ravi Mohan, Chief General Manager, Reserve Bank of India; Mr. Alan Teixeira, Senior Director, Technical Activities, IASB; Mr. Filippo Poli, Deputy Research Director, European Financial Reporting Advisory Group (EFRAG); Mr. Deahyun Kim, Sr. Technical Manager, Korea Accounting Standards Board (KASB) and Dr. Huaxin Xu, Project Manager, Ministry of Finance, P. R. China.
The Forum is the one of the most important international events for policy makers, regulators, national standards setters, preparers and users to share their experiences and discuss IFRS related policy issues. It also provides a platform to the policy makers in the region to keep abreast of the developments in IFRS with a view to facilitate smooth implementation and convergence with the IFRS in the region.
The Forum aims to discuss the concerns of regulators, prepares and users of financial statements on some of the key topics of IFRS:
- Fair Valuation under IFRS-Concerns and Safeguards
- Goodwill : Impairment only or with Amortisation
- New approach to Lease Accounting
- Do IFRS ignore ‘Prudence’?
- Challenges of Evolving Nations in Convergence/adoption of IFRS
- Post-issuance review of new IFRS
Senior representatives of the national accounting standards setting bodies and their oversight bodies, securities exchanges, central banks, financial market regulators, tax authorities, users of financial statements, audit practitioners etc. from Australia, Brazil, Canada, China, Hong Kong, India, Indonesia, Japan, Korea, Malaysia, Nepal, New Zealand, Singapore, Thailand etc. are participating in the Forum, which has previously been held in Sydney, Tokyo, Beijing, Singapore, Bali, Kula Lumpur and Hong Kong.
Participation in the Forum is by invitation only.