AFRITAC South is hosting a seminar this week on International Financial Reporting Standards (IFRS) with specific focus on enhancing the skills and competencies of the officials in the bank supervision departments of Sub Saharan African Countries. Nine Southern Africa countries are represented by 25 middle to senior level bank supervisors in this seminar. The overarching goal of the seminar is to enhance the ability of prudential regulators and bank supervisors/examiners to understand the implementation challenges of IFRS and equip them with the tools and techniques for conducting supervision of banks/financial institutions in the most effective way. Resource persons include Mr. V. Venkataramanan, Partner, KPMG, India an internationally recognized expert in IFRS implementation, Mr. Amarjit Chopra, Chairman, National Advisory Committee on Accounting Standards, India which is the Apex body in endorsing the Accounting Standards, and Mr. P.R.Ramesh, Chairman, Deloitte India and a Member of the various Committees constituted by Government of India/ Reserve Bank of India on IFRS implementation.
The discussions will address regional and national challenges in complying with IFRS through sharing of experience by participants on the strategies adopted by them in their jurisdictions.