10 August 2016
Last Friday, Baker Tilly Moldova organized a Workshop on Current IFRS and Regulatory Requirements Impacting the Banking Industry. The event brought together CFO’s, Head of Accounting and Internal Audit Departments, representing 10 commercial banks from the Republic of Moldova as well as the Moldovan Banks Association.
The Workshop mainly focused on the new requirements of IFRS 9 and its differences to IAS 39 as well as on the implementation (methodology and approach) of the transition from IAS 39 to IFRS 9. The second discussion topic was the Asset Quality Review methodology according to the Manual issued by the European Central Bank.
Three experts were invited to cover the above topics and address participants’ questions: George Eliades, Consulting and Business Advisory Manager at Baker Tilly Cyprus, Triantafyllos Spyropoulos, Client Services Manager at Clayton Euro Risk Management and Evangelos Fragkogiannis, Senior Consultant at Euroconsultants.
This workshop represents a good starting point for further discussions on the IFRS 9 implementation. Also, the Asset Quality Review topic was very constructive for the participants.