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

Siew Kar Wai

Alternate Chairperson of FSRC, Council Member of MICPA, Capital Markets and Accounting Advisory Services Leader, PwC Malaysia

Thong Foo Vung

Partner – Head of Markets & Department of Professional Practice, KPMG in Malaysia

Rajith Perera

Partner – Financial Accounting Advisory Services Division, Ernst & Young Colombo

Pyumi Sumanasekara

Partner – Climate Change & Sustainability Services, Global Assurance, Family Business & Board Governance, KPMG

Malinda Boyagoda

Partner - Audit and Assurance, Assurance Leader, Industry Leader for Financial Services, Ethics leader and IFRS leader, Deloitte Sri Lanka and Maldives

Adam Naseer

General Manager, Leadership & Organizational Development, Maldives Airports Company Limited

Agenda

Date: 14 December 2024 | Saturday
Venue: Umar Zahir Office Building, 6th Floor

07:45 – 08:45

Registration and Arrival of Participants & Guests

08:45 – 08:50

Recitation of Holy Qur’an
Mr. Sahhaaf Abdul Haseeb, Employee, CA Maldives

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: Umar Zahir Office Building, 6th Floor

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

Sponsors

Organised By

CA Maldives

In Collaboration With

MICPA

Main Sponsor

Pension Office

Co-Sponsors

MIB
STELCO
EY
KPMG
Deloitte
MHPA
AIX
FCLLP
Prudent