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Insurers ready for new IFRS standards: KPMG reportLarge insurers have stepped up their preparations for IFRS 17 and IFRS 9, but smaller insurers have fallen further behind in preparing, according to a new report from professional services firm KPMG International. Sixty-seven per More… |
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Lufthansa carries record 67m passengers in H1Lufthansa Group airlines carried some 67 million passengers during the first six months of the year, marking a new record for the period, a corporate statement said, adding that capacity, volumes sold and seat load factor were also all at new re More… |
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KPMG forums to discuss IFRS impact on Saudi firmsKPMG Al Fozan & Partners, a top provider of audit, tax and advisory services in Saudi Arabia, will conduct six workshops next month to discuss the impact of International Financial Reporting Standards (IFRS) adoption on Saudi companies. More… |
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Planning ‘key to IFRS implementation Saudi’Lack of proper planning of International Financial Reporting Standards (IFRS) implementation by Saudi companies can derail their compliance with the regulatory requirements, an industry expert said. “As Saudi Arabia moves to More… |
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New lease accounting standards ‘will bring transparency’The new lease accounting standard published recently by the International Accounting Standards Board (IASB) brings added transparency to financial reporting, according to KPMG International. The new standard requires companies to bring most le More… |
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Ithmaar Bank seeking IFRS alternativesBahrain-based Ithmaar Bank, an Islamic retail bank, has announced it is open to exploring alternatives in consultation with Kuwait Stock Exchange, with regard to compliance with International Financial Reporting Standards (IFRS). More… |
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Mena banks back impairment accounting plansMajority of the banks in the Middle East and North Africa region expect impairment accounting proposals to improve financial statements, according to a survey by leading audit firm Deloitte. The Mena-headquartered banks believe that Intern More… |
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New standards to boost financial transparencyNew international accounting standards that have been formulated in the wake of the financial crisis will have a major effect on reporting procedures for companies in Bahrain and the Gulf region, said an expert. The new International Finan More… |
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Key accounting changes likely: KPMGA suite of new standards published by the International Accounting Standards Board (IASB) could significantly change the consolidation evaluation and joint venture accounting for many companies, according to KPMG, a leading consultancy. More… |
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Morgan offers IFRS & GAAP coursesMorgan and IASeminars are offering more than 60 IFRS (International Financial Reporting Standards) and US GAAP (Generally Accepted Accounting Principles) public courses. Explaining the importance of the courses and the high demand for trai More… |
