Introduction
Welcome to the IFRS & ISAs Forum 2024, the third technical forum proudly organized by CA Maldives. This annual event serves as a cornerstone for professionals and aspiring practitioners in the accounting and auditing fields, offering unparalleled opportunities to engage with the latest updates and practical applications of International Financial Reporting Standards (IFRS) and International Standards on Auditing (ISAs).
This year’s forum is dedicated to fostering excellence and innovation within the profession, emphasizing the significance of staying ahead in a dynamic global landscape. With a focus on interactive sessions, expert-led discussions, and knowledge sharing, participants will gain invaluable tools to navigate the complexities of international standards and elevate their professional competencies.
Prepare for an enriching experience as we delve into transformative insights, explore emerging trends, and strengthen our commitment to advancing the Maldivian accounting and auditing landscape. Together, let us continue to build a future defined by excellence and growth.
Speakers
Alternate Chairperson of FSRC, Council Member of MICPA, Capital Markets and Accounting Advisory Services Leader, PwC Malaysia
Partner – Climate Change & Sustainability Services, Global Assurance, Family Business & Board Governance, KPMG
Partner - Audit and Assurance, Assurance Leader, Industry Leader for Financial Services, Ethics leader and IFRS leader, Deloitte Sri Lanka and Maldives
General Manager, Leadership & Organizational Development, Maldives Airports Company Limited
Agenda
Date: 14 December 2024 | Saturday
Venue: MNU Central Auditorium
07:45 – 08:45
Registration and Arrival of Participants & Guests
08:45 – 08:50
Recitation of Holy Qur’an
Mr. Mohamed Yooan Ali, Student, Thaajuddeen School
08:50 – 09:10
Welcoming Remarks by the President of CA Maldives
Mr. Mohamed Haleem Abdulla, President, CA Maldives
09:10 – 09:20
Speech by the Chief Guest
Mr. Noel Gregor Paterson-Jones, CEO, Development Bank of Maldives
09:20 – 09:30
Closing Remarks
Mr. Ali Faris Mohamed, Vice President, CA Maldives
09:30 – 10:00
MORNING TEA BREAK & NETWROKING
10:00 – 10:30
IFRS 16: Sublease Considerations
Ms. Siew Kar Wai, Alternate Chairperson of FSRC, Council Member of MICPA, Capital Markets and Accounting Advisory Services Leader, PwC Malaysia
10:30 – 12:00
IFRS Updates (IFRS 18, 19 & New Agenda Decisions)
Ms. Siew Kar Wai, Alternate Chairperson of FSRC, Council Member of MICPA, Capital Markets and Accounting Advisory Services Leader, PwC Malaysia
12:00 – 13:15
LUNCH & PRAYER BREAK
13:15 – 14:45
IFRS 3: Assets Acquisition vs Business Combination
Mr. Thong Foo Vung, Partner, Head of Markets & Department of Professional Practice, KPMG in Malaysia
14:45 – 15:00
COFFEE BREAK & NETWORKING
15:00 – 16:30
IAS 32 & IFRS 9: Classification and Measurement of Debt and Equity
Mr. Thong Foo Vung, Partner, Head of Markets & Department of Professional Practice, KPMG in Malaysia
Date: 15 December 2024 | Sunday
Venue: MNU Central Auditorium
07:45 – 08:45
Registration and Arrival of Participants
08:45 – 10:00
IFRS S1 & S2: Implementation of S1 & S2
Ms. Pyumi Sumanasekara, Partner, Climate Change & Sustainability Services, Global Assurance, Family Business & Board Governance, KPMG
10:00 – 10:30
ISA 600: Special Considerations – Audit of Group Financial Statements
Mr. Malinda Boyagoda, Partner, Audit and Assurance, Assurance Leader, Industry Leader for Financial Services, Ethics leader and IFRS leader, Deloitte Sri Lanka and Maldives
10:30 – 10:45
COFFEE BREAK & NETWORKING
10:45 – 11:15
ISSA 5000: International Standard on Sustainability Assurance
Ms. Pyumi Sumanasekara, Partner, Climate Change & Sustainability Services, Global Assurance, Family Business & Board Governance, KPMG
11:15 – 11:45
IFRS 13: Fair Value Measurement
Mr. Rajith Perera, Partner, Financial Accounting Advisory Services Division, Ernst & Young Colombo
11:45 – 13:15
LUNCH & PRAYER BREAK
13:15 – 14:15
IFRS 9: Application of General ECL Model vs Simplified ECL Model
Mr. Rajith Perera, Partner, Financial Accounting Advisory Services Division, Ernst & Young Colombo
14:15 – 14:30
COFFEE BREAK & NETWORKING
14:30 – 15:30
IFRS 15: Navigating Revenue Recognition in Specific Situations
Mr. Malinda Boyagoda, Partner, Audit and Assurance, Assurance Leader, Industry Leader for Financial Services, Ethics leader and IFRS leader, Deloitte Sri Lanka and Maldives
15:30 – 15:40
Reflections from the Forum
Mr. Ibrahim Fazeel, Council Member & Chairperson of Technical and Standards Committee, CA Maldives
15:40 – 16:40
Leading the Maldivian Way
Mr. Adam Naseer, General Manager, Leadership & Organizational Development, MACL
16:40 – 16:45
Vote of Thanks
Dr. Mohamed Mahid Shareef, CEO, CA Maldives
16:45 – 17:00
Photo Session & Networking
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