OREANDA-NEWS. April 01, 2014. In Almaty, under the support of CJSC "Kyrgyz Investment and Credit Bank” (KICB) a seminar on “Implementation of IFRS in financial institutions: Experience of the National Bank of Kazakhstan and the financial institutions of Kazakhstan” was held.

The speakers were representatives of the National Bank of Kazakhstan, as well as senior officials of the international audit companies PriceWaterhouseCoopers (PWC) and KPMG.

In the course of the activity the following topic were discussed: the introduction of IFRS in financial institutions, use of IFRS and opportunities for their further implementation in Kazakhstan; topical issues of accounting related to IFRS for the financial sector, experience of the National Bank of the Republic of Kazakhstan in implementation of IFRS and disclosure of accounting information; practical issues related to the audit of the financial institutions in the Republic of Kazakhstan.

The seminar was attended by over fifty participants from twenty organizations representatives of the financial sector, each of them received a free gift book “Application of IFRS in Kazakhstan. Financial instruments: from daily operations to the annual financial statements". This book was created as a joint project of the National Bank of Kazakhstan and USAID to improve competitiveness through economic reforms in the countries of Central Asia.

Being one of the co-organizers of the event, the Head of KICB Representative Office in Kazakhstan, Aigerim Zhaparova made a welcoming speech to the participants, telling about the bank, our products and the latest developments. After the seminar KICB was awarded with the certificate of recognition for contribution into organization of the National Bank of Kazakhstan seminar. The Certificate was presented by the professional management staff development program of KIMEP University, the initiator and the co-organizer of the seminar.