ICATT's Annual International Accounting & Finance Conference 

 

 

The Institute of Chartered Accountants of Trinidad and Tobago (ICATT) hosted their annual Flagship event, the Annual International Accounting and Finance Conference on November 2n & 3rd 2011 at the HYATT Regency Hotel in Port of Spain.

    The conference featured dynamic international, regional and local facilitators presenting on a variety of topics and culminated with a networking cocktail at the close of the second day.

     

    For this highly anticipated event, approximately 200 accountants, finance professionals and regulators attended the conference which is an integral part of their continued professional development.

     

    The conference was aptly themed ‘Innovations in Business, Financial Reporting & Governance’ and addressed innovation in the context of a developing nation and the role of accounting and financial professionals in innovation, creativity and competitiveness. The conference sought to illustrate and highlight the role of the accounting and financial professionals as contributors to nation building.

     

    Some Keynote Presenters included:

     

    • Hon. Senator Dr. Bhoendradatt Tewarie, Minister of Planning Economic and Social Restructuring and Gender Affairs, Trinidad & Tobago
    • Hon. Dr. Timothy Harris, Senior Minister of Industry & Commerce, Government of St. Kitts/ Nevis
    • Ms. Jane Fuller, Directo, Fuller Analysis - United Kingdom
    • Mr. Jospeh Bryson, Technical Manager, Member Body Development, International Federation of Accountants
    • Mr. Andrew Brathwaite, Member, IASB Implementation Committee - IFRS for SMEs

     

    Topics Inlcuded:

     

    • "National Competitiveness  - Sustainable Growth in the Non-Energy Sectors of Trinidad and Tobago"
    • "Innovation, Creativity and Competitiveness Towards a New Caribbean Economic Order"
    • "Innovations in Financial Reporting"
    • "Talent Management for Innovation and Competitiveness"
    • "The Role of Innovation and Competitveness in Emerging Market Economies"
    • "Financial Reporting in the Public Sector in a Caribbean Context: Isues & Challenges"
    • Panel Discussions - "Financing Innovation" & "Innovation and Technology"

 

 

Here are some Thought Leadership  that were displayed at this event:

 

 

Accounting for oil and gas activities presents many difficulties. Significant upfront investment, uncertainty over prospects and long project lives have led to a variety of approaches being developed by companies, and a range of country-specific guidance for the sector. As countries around the world adopt IFRS, accounting approaches for affected companies may need to be reassessed.

 

 

 

 

 

 

 

 

The power and utilities industry has faced many changes in recent years. Conversion to IFRS is another change that will require planning and focus from affected companies.

 

 

 

 

 

 

 

 

 

 

 

 

  

The state of play in International Financial Reporting Standards continues to move at pace. While list if countries adopting IFRS continues to grow, the convergence agenda of the International Accounting Standards Board and the US Financial Accounting Standards Board contuse to move forward.

KPKG’s Telecommunications practice is dedicated to supporting telecommunications carriers in understanding industry trends and business issues.

 

 

 

 

 

 

 

The overview of the requirements of IFRS and the interpretative positions described in Insights into IFRS reflect the work of both current and former members of the KPMG International Standards Group and were made possible by the invaluable input of many people working in KPMG member firms worldwide. This overview should be read in conjunction with Insights into IFRS in order to understand more fully the requirements of IFRS.

 

 

 

 

 

 

 

 

The purpose of this publication is to assist you in preparing financial statements for a bank or similar financial institution in accordance with International Financial Reporting Standards (IFRSs). It illustrate one possible format for financial statements, based on fictitious banking group involved in a range of general banking activities, the bank is not first-time adopter of IFRSs.

 

 

 

 

 

 

 

 

 

 

 The purpose of this Disclosure Checklist is to assist you in preparing financial statements in accordance with International Financial Reporting Standards (IFRSs) by identifying the disclosure required.

 

 

 

 

 

 

 

 

 

 

For access to these extensive range of Accounting, Auditing and Financial Reporting guidance literature and more, please contact:

 

Robert Alleyne

Partner, Audit & Tax

E: ralleyne@kpmg.co.tt

P: (868) 623 1081 ext 4113