Tribune News Network
Doha
PwC’s Academy, the talent and skills development business of PwC Middle East, hosted its 10th regional Annual IFRS Update in Qatar this week, preparing finance professionals with the knowledge and application needed for the latest developments in International Financial Reporting Standards (IFRS), and its relevance to Qatar’s economy in 2022 and beyond.
PwC Qatar Assurance Leader Mark Menton said, "Hosting the 10th Annual IFRS Update in Qatar this year is something we take pride in. We have seen financial professionals join us from all across the country and we are proud to bring them together under one roof. IFRS is the language of the global capital markets and the interactive sessions delivered by our team of IFRS experts have helped others tap into the latest global updates and have allowed them to fully understand how to apply these updates in the Qatari market.”
Hosted by PwC’s world-leading experts in IFRS adoption, the one-day seminar held at St Regis, Doha, was attended by over 150 finance professionals from mid to senior management. Attendees joined from a variety of industries and sectors, including oil and gas, public sector, real estate and hospitality, education healthcare, banking and telecommunication
Waleed Tahtamouni, Qatar Assurance Partner at PwC Middle East, said: "We are delighted to bring together Qatar’s finance community to share insights, challenges and expertise,and to contribute to supporting the financial stability of organisations in the region.”
The interactive sessions covered the latest global updates and their application in Qatar, including preparation for December 2022 year ends, the amendments under IFRS needed for financial reporting in 2023 and beyond, as well as the impact of ESG reporting.
International Financial Reporting Standards are the world’s most widely applied accounting standards and are constantly evolving. PwC’s 10th Annual IFRS update is the first in a series of seven IFRS updates taking place across the region.
PwC’s Academy is the talent and skills development business of PwC. We are committed to supporting the sustainable growth of talent across the region. We operate across the Middle East and are part of a growing network of PwC Academies present in over 40 countries worldwide.Participants at the 10th Annual IFRS update held to support Qatar’s professionals with the core principles of IFRS, the global accounting standard.