KPMG in Qatar held a seminar recently to update CFOs, financial controllers, finance managers, internal audit staff and other managers on changes to international financial reporting standards (IFRS). The seminar was attended by more than 120 Qatar-based finance and accounting professionals from organisations across the financial services, real estate, telecom, oil and gas and building and construction sectors. Gopal Balasubramaniam, partner and head of audit at KPMG in Qatar said: “The impacts of new and updated standards and regulations on businesses and organisations can be complex and difficult to integrate into operations. By holding this seminar, we’ve given our clients an opportunity to find out more about what the changes mean for them and how KPMG can help.” The seminar covered a variety of topics including International Financial Reporting Standard (IFRS 9), which will redefine how organisations should account for credit losses on their loan portfolios. The speakers also discussed practical approaches to new revenue recognition standards (IFRS 15) and provided an implementation update on consolidation suite standards (IFRS 10.11. and 12).