EY Azerbaijan participated in the Annual Accountants Forum, organized by the Azerbaijan Accountants and Risk Professionals Association (ARPA) on Friday 27 October. The event was titled IFRS 9 – Implementation and Challenges.
Mr. Rufat Mahmud, Chairman of the ARPA Supervisory Board, opened the forum by welcoming the guests and speakers. He highlighted the importance of such events, which play an important role as a platform for discussing ways of addressing potential difficulties that may arise during the implementation of IFRS 9 Financial Instruments.
The forum speaker from EY was Andrey Eliseev, EY Moscow Financial Services Risk Management Senior. He gave a presentation on IFRS 9, providing insights into recent changes and its practical implementation.
“The transition from IAS 39 to IFRS 9 is a challenge for companies all over the world, and the Azerbaijani financial market is no exception. The ARPA forum and its large number of participants demonstrate market players’ special focus on this issue. As the market leader in the CIS, EY can deliver exceptional client service when implementing IFRS 9,” said Andrey.
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EY in Azerbaijan
EY made a major commitment to the development of Azerbaijan and the region by opening the office in Baku 23 years ago. Today, in addition to being the leading audit and consulting firm in Azerbaijan, we are the leading professional services firm in the region. As a result of our experience and competence, we have been able to assist both domestic and international companies as well as state-owned entities to develop and manage the challenges of the international economy.
There are currently more than 190 people working in our Baku office that serve our clients in Azerbaijan. EY’s strength in the Caspian Region and the firm’s commitment of resources are important to the entities operating in the region. It means that as we grow, EY will continue to demonstrate a tradition of hiring and training local professionals to be leaders in our practice.
