First Marque IFRS Event to be Held in India

KPMG in India is organising a first of its kind IFRS conclave in India titled – KPMG IFRS Conference 2015: Navigating the convergence journey, in association with the IFRS Foundation, on 5 and 6 February 2015 in Mumbai.

The honorable finance minister, Mr. Arun Jaitley in his maiden budget speech on July 2014 said that Indian corporates will mandatory adopt the Indian accounting standards (Ind AS) converged with IFRS by financial year 2016-2017 with an option to voluntarily adopt these standards for financial year 2015-2016.

This convergence of Indian Accounting Standards with International Financial Reporting Standards (IFRS) and adoption of Income Computation and Disclosure Standards (ICDS or Tax Accounting Standards) for computation of taxable income, both are expected to become a reality for corporates in India in the coming year. 

Against this context, the conference will provide an opportunity for participants to hear from international standard setters, regulators, policy makers, professionals and leading corporates on a variety of topics around IFRS and Ind-AS. 

The speakers include amongst others, the following eminent guest speakers:

IASB speakers:

• Hans Hoogervorst, Chairman, IASB

• Ian Mackintosh, Vice-Chairman, IASB

KPMG speakers:

• Richard Rekhy, CEO - KPMG in India

• Jamil Khatri, Deputy Head of Audit - KPMG in India

• Sai Venkateshwaran, Partner and Head - Accounting Advisory Services, KPMG in India

Guest speakers:

• Mohandas Pai, Chairman, Manipal Global Education

• Rajesh Gopinathan, Chief Financial Officer, Tata Consultancy Services

• Saumen Chakraborty President, Chief Financial Officer and Global Head of IT&BPE

• C. B. Bhave, Trustee, IFRS Foundation and former Chairman former Chairman of the Securities and Exchange Board of India

• Suresh Senapathy, CFO, Wipro

• Saurabh Mukherjea, CEO - Institutional Equities, Ambit Capital

For more details on the KPMG IFRS Conference 2015 log-in to http://www.kpmg.com/IN/en/Topics/ifrs-conf-2015/Pages/default.aspx. You may also connect with KPMG India IFRS team on social media, including Twitter, Facebook, SlideShare, and LinkedIn, for the latest news and updates.  We also invite you to join the conversation using #IFRSConference.

This conference is being organised  in association with the IFRS Foundation is an independent, not-for-profit organisation working in the public interest, whose primary mission is to develop a single set of high quality, understandable, enforceable and globally accepted IFRS based upon clearly articulated principles.  IFRS are developed by the International Accounting Standards Board (IASB), the independent standard-setting body of the IFRS Foundation.

About KPMG

KPMG in India, a professional services firm, is the Indian member firm of KPMG International and was established in September 1993. It strives to provide rapid, performance-based, industry-focussed and technology-enabled services, which reflect a shared knowledge of global and local industries and its experience of the Indian business environment. KPMG in India provides services to over 4,500 international and national clients in India and has offices in Ahmedabad, Bengaluru, Chandigarh, Chennai, Delhi, Hyderabad, Kochi, Kolkata, Mumbai and Pune.

KPMG International is a global network of firms providing professional services. We have 155,000 outstanding professionals working together to deliver value in 155 countries, worldwide. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity.  Each KPMG member firm is a legally distinct and separate entity and describes itself as such.

www.kpmg.com/in