Thursday, April 15, 2010

Assessing Indonesia’s Readiness in Adopting IFRS by 2012

Indonesia is in the process of IFRS Convergence with gradual approach. By 2012 Indonesian Accounting Standard Board determines to eliminate material differences among Indonesian Accounting Standard and IFRS as per 1 January 2009 by. During 2009-2010, The Board has issued many new standards and interpretations to be effective in 2011 and 2012 and also has revoked many standards that are not in compliance with IFRS. Indonesia as one of G20 country members is required to achieve a global accounting standard; therefore the support from Indonesia’s regulators is imperative in achieving that goal.

Indonesian Institute of Accountants invites Indonesian regulators and authorities to explain their preparation in embracing IFRS Convergence.  The IASB Director for International  Activities, Wayne Upton, would also share information on IFRS Convergence progress around the world, in particular how regulatory bodies in other country have been preparing for IFRS Convergence.

This special event is very important for all key decision makers in the regulatory bodies, accountants, business practitioners and academics in Indonesia. The panel discussion among regulators in Indonesia would become the main agenda of the first day seminar.  On the second day, the seminar would discuss what are the challenges faced by Indonesian business entities in applying IFRS to date and beyond. In detail the agenda of two-day seminar will be held on 11 and 12 May 2010. Further detail in here

No comments:

Post a Comment