China

Details

  • Service: Audit, IFRS Reporting
  • Industry: Financial Services
  • Type: Event
  • Date: 9/11/2014

KPMG Executive Breakfast Briefing: Update on IFRS 9  

Date: Thursday, 11 September 2014
 
Time: 08:30 – 09:00 hrs (Registration)
09:00 – 10:30 hrs (Presentation and Q&A)
 
Venue: Ballroom, Lower Lobby
Conrad Hong Kong
Pacific Place, 88 Queensway,
Hong Kong
 
Speakers: Caron Hughes
Partner
Department of Professional Practice
KPMG China
Paul McSheaffrey
Partner
Financial Services
KPMG China
 
Language: English
 
Dress code:

Business Attire

 

Fee: Complimentary

“The new standard is going to have a massive impact on the way banks book credit losses on their loan portfolios.  Provisions for bad debts will be bigger and are likely to be more volatile” Chris Spall, KPMG’s global IFRS financial instruments leader.

 

After many years of development and consultation IFRS 9 is finally here.  Now Banks and other financial institutions need to mobilize to meet the challenge of implementing a standard which fundamentally changes the accounting for financial instruments and loan impairments in particular.  With the new standard hot off the presses now is the time for banks to refresh their understanding of the standard and start thinking about how they will implement it over the next few years. 

 

This timely session provides an overview of the new standard, the potential impacts and considerations to be made in its implementation, and the tools that KPMG has already prepared and tested to help clients through this process.