IFRS Workshop Agenda.pdf

8/14/2019 IFRS Workshop Agenda.pdf

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Regional IFRS Workshop for Regulators, 3-7 June, 2013, Vienna

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Executive IFRS Workshop for Regulators

37 J une 2013, Diplomatic Academy of Vienna

The World Bank Centre for Financial Reporting Reform (CFRR) and theIFRS Foundation are jointly organizing a five-day workshop on the use of InternationalFinancial Reporting Standards (IFRS) by financial regulators. This workshop is designed forsenior staff of regulatory agencies responsible for supervising banks, insurance companiesand securities exchanges and those in charge of accounting and prudential regulations inCentral and Eastern Europe.

Its primary objective is to enhance participants understanding of current andupcoming IFRS and related prudential requirements by providing them with tools to enhancethe effectiveness of regulation. During this workshop, participants will: (i) gain a betterunderstanding of the judgments and estimates in applying IFRS with a particular focus on

the current IFRS for financial instruments and insurance contracts, (ii) be updated on thechanges stemming from the International Accounting Standards Boards (IASB) project toreplace IAS 39 Financial Instruments Recognition and Measurementwith IFRS 9 FinancialInstruments and its project to replace IFRS 4 Insurance Contracts with a comprehensiveStandard for accounting and reporting insurance contracts; and (iii) explore how the reviewof financial statements prepared using IFRS can help them to carry out supervisory duties.

The program features technical sessions led by three IASB Board Members, PhilippeDanjou, Amaro Gomes and Darrel Scott, and a number of the IASBs technical staffincluding the Director for its Education Initiative, Michael Wells, the European Commission(EC) and selected regulators and market participants. It also covers enforcement of IFRS bythe EC and other aspects related to the application of IFRS by national regulators andfinancial institutions.

The Basel Committee for Banking Supervision published in December 2010 a set ofmeasures to improve the prudential regulation of banks commonly referred to as Basel III.These measures will be phased in from 2013 and will become fully binding in 2019. Inparallel, the EU adopted the Solvency II Directive in November 2009. Solvency II wasdeveloped in close collaboration with the European Insurance and Occupational PensionsAuthority (EIOPA) and its date of entry into force will be set by the Omnibus II Directive. Allbanks and insurance companies in the EU will have to comply with these directives orregulations in addition to applicable financial reporting requirements. Thus, banking andinsurance supervisors need to develop their capacity to use IFRS-based financial

information for enhanced monitoring and supervision.


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Introduction to the Workshop, Reporting Requirements Used by Participants, and theConcepts Underpinning IFRS

08:00 Registration and Welcome Coffee

09:00 Welcome Remarks

Samia Msadek, Director, Europe and Central Asia Operational Services and Quality unit, World Bank

Henri Fortin, Head, Centre for Financial Reporting Reform, World Bank

09:30 Reporting Requirements in Participants Countri es

Pascal Frrejacque, Senior Operations Officer, Centre for Financial Reporting Reform, World Bank

Johanna Lincoln, Consultant, Centre for Financial Reporting Reform, World Bank

Objective: Understand: 1) other participants reporting requirements; and 2) extent to which IFRS are used(or are planned to be used) by other participants.

10:00 Importance of Financial Reporting for Regulatory Matters

Martn Vzquez Surez, Senior Financial Sector Specialist, World Bank

Objective: Explain why financial reporting matters and why financial statements should be reviewed todischarge supervisory duties.

11:00 Coffee Break

11:30 The IASBs Conceptual Framework

Michael Wells, Director, IFRS Education Initiative, IASB

Objective: Understand: 1) the objective of IFRS financial reporting; 2) how the IASB thinks; and 3) howentities account for a transaction when there is no specific IFRS requirement for a particular transaction.

13:00 Lunch

Understanding IFRS Judgments and Estimates

14:00 Case Study: Judgments When There Is No Specific IFRS Requirement


Objective: Understand the judgments made when accounting for a transaction for which there is no specificIFRS requirement.

14:45 Case Study: Non-financial Assets (NFAs)


Objective: Understand the judgments to: 1) identify NFAs, 2) classify NFAs, and 3) calculate estimates toaccount for NFAs.

15:30 Coffee Break

16:00 Case Study : NFAs - Continued


17:00 Grand Danube River Cruise (incl. Dinner)

19:30 End of Day 1

Monday 3 June 2013 - Day 1


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Understanding IFRS Judgments and Estimates

9:00 IFRS Enforcement Issues

David Grnberger, Head, Accounting & Regulatory Monitoring, Austrian Financial Market Authority (FMA)

Objective: Learn the FMAs challenges in monitoring financial statements and its role in enforcing IFRSstarting from 1 July 2013.

9:45 Regulating Entities Filing IFRS Financial Statements: A Former Bank Regulators Experience

Amaro Gomes, Board Member, IASB

Objective: Learn from the experience of former bank regulator at the Central Bank of Brazil.

10:30 Coffee Break

11:00 Case Study: Liabili ties

Amaro Gomes, Board Member, IASBMichael Wells, Director, IFRS Education Initiative, IASB

Objective: Understand the judgments to: 1) Identify liabilities, 2) classify liabilities, and 3) make estimatesto account for liabilities.

12:30 Lunch

Update on New IFRS Requirements

14:00 IFRS Update: IFRS 13 Fair Value Measurement

Mariela Isern, Senior Technical Manager, IASB

Chris Spall, Partner, KPMGObjective: Understand: 1) the fair value measurement objective, 2) brief summary of IFRS 13, and 3) fairvalue in IFRS.

14:45 Case Study: Fair Value Measurement


Chris Spall, Partner, KPMG

Objective: Understand the judgments and estimates to measure the fair value of financial instruments inaccordance with IFRS 13.

15:30 Coffee Break

16:00 IFRS Update: IFRS 10 Consolidated Financial Statements (Including Investment Entities),IFRS 11 Joint Arrangementsand IFRS 12 Disclosure of Interests in Other Entities


Amaro Gomes, Board Member, IASB

Objective: Understand: 1) the main changes from previous IFRS, 2) the main principles in new IFRS, and3) the main judgments in applying the new IFRS principles.

17:30 End of Day 2

Tuesday 4 June 2013 - Day 2


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Accounting for Financial Instruments in Accordance wi th IFRS Appl icable on1/1/2013 without Early Adoption

9:00 Study of Non-performing Loans across EuropeStephan Barisitz, Senior Economist, Oesterreichische Nationalbank

Objective: Review the definitions of non-performing loans from a regulatory perspective across Europe.

9:45Regulating Entities Filing IFRS Financial Statements: A former Securities RegulatorsExperience

Philippe Danjou, Board Member, IASB

Objective: Learn from the experience of former securities regulator of entities filing IFRS financialstatements.

10:30 Coffee Break

11:00 Accounting for Financial Inst ruments in Accordance wi th IAS 39(Including Quiz and Discussion)

Darrel Scott, Board Member, IASB

Objective: Understand: 1) the main requirements of IAS 39, and 2) the main judgments in applying IAS 39.

12:30 Lunch

Presenting and Disclosing Financial Instruments in Accordance with IFRS

14:00Presenting and Disclosing Financial Instruments in Accordance with IAS 32 and IFRS 7(Including Quiz and Discussion)


Objective: Understand: 1) the main principles and judgments in presenting financial instruments inaccordance with IAS 32, and 2) disclosing financial instruments in accordance with IFRS 7.

15:30 Coffee Break

Case Studies: Accounting for Financial Instruments in Accordance with IFRSAppl icable on 1/1/2013 without Early Adoption

16:00 Case Study: Classify ing Financial Instruments in Accordance wit h IAS 32


Objective: Understand the judgments and estimates to present financial instruments in accordance withIAS 32.

16:45 Case Study: Hedge Accounting in Accordance with IAS 39


Objective: Understand the judgments and estimates when hedge accounting applies in accordance withIAS 39.

17:30 End of Day 3

Wednesday 5 June 2013 - Day 3


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IASBs Project to Improve Accoun ting for Financial Instruments: IFRS 9, ActiveProjects and CRD IV

9:00 New Reporting Requirements: CRD IV and the RegulationErik van der Plaats, Senior Policy Officer, Financial Institutions Unit, DG Markt, European Commission

Objective: Enhance understanding of CRD IV and new reporting requirements.

9:45 Reconciling IFRS Financial Reporting with Regulatory Filings - A former CFOs Experience


Objective: Learn from a former CFOs experience in reconciling financial reporting with regulatory filings.

10:30 Coffee Break

11:00Accounting for Financial Inst ruments in Accordance wi th IFRS 9 (Inc luding Quiz and

Discussion)Darrel Scott, Board Member, IASB

Objective: Understand the main: 1) changes from IAS 39, 2) principles underpinning IFRS 9, and 3)judgments in applying IFRS 9.

12:30 Lunch

IASBs Project to Improve Accounting for Financial Instruments

14:00IASBs Project to Replace IAS 39 Impairment of Financial Assets (Including Quiz andDiscussion)


Objective: Understand: 1) the main changes from IAS 39 being developed/proposed, 2) the main principlesin the new requirements being developed/proposed, and 3) the main judgments that would be necessary toapply these requirements being developed/proposed.

15:30 Coffee Break

16:00 New General Hedge Accounting Requirements (Including Mini Case Study)


Objective: Understand: 1) the main changes from the 'old' requirements, 2) the main new 'principles', and3) the main judgments in applying the new requirements.

16:45 IASBs Project to Replace IAS 39 Macro Hedging


Objective: Update the participants with the IASBs progress on macro-hedging.

17:30 Closing on Financial Instruments and Banking

Pascal Frrejacque, Senior Operations Officer, World Bank

Objective: Understand further needs on banking issues in terms of IFRS training and get feedback.

18:00 End of Day 4

End on Financial Instruments and Banking

Thursday 6 June 2013 - Day 4


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Special Session for Insurance Regulators

Recent Developments in Accounting and Regulatory Reporting for the InsuranceSector

9:00 Experience Sharing on the Implementation of Solvency 2 and Linkages with IFRS

Christoph Krischanitz, Chairman, Investment and Financial Risk Committee of the Groupe ConsultatifActuariel Europen (GC); President, Actuarial Association of Austria (AV) and Member, AustrianFinancial Reporting and Auditing Committee (AFRAC); Managing Director, Arithmetica

Werner Matula, Chief Actuary, Vienna Insurance Group (VIG); Managing Director, Arithmetica

Objective: Learn challenges and opportunities of implementing IFRS and Solvency II framework in aninternational insurance group.

9:45 Accounting for Insurance Contracts in Accordance with IFRS 4


Andrea Pryde, Technical Principal, IASB

Objective: Enhance understanding of main principles, judgments and estimates in accounting for insurancecontracts under IFRS 4.

10:30 Coffee Break

11:00 IASBs Insurance Contracts Project


Andrea Pryde, Technical Principal, IASB

Objective: Enhance understanding of the main: 1) proposed changes from the old IFRS 4, 2) principlesunderpinning the proposal for the Insurance Contracts project, and 3) judgments and estimates that would

be necessary in applying the new principles.

12:00 Closing of Workshop

Pascal Frrejacque, Senior Operations Officer, World Bank

Objective: Understand further needs on insurance issues in terms of IFRS training and get feedback.

12:30 Lunch

End on Insurance Contracts and Insurance

Friday 7 June 2013 - Day 5


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Venue

DiplomaticAcademyofViennaFavoritenstrasse15a

1040Wien,Austria

UndergroundLine:U1,Station:Taubstummengasse

HotelJohannStrauFavoritenstrasse12

1040Wien,Austria

HotelDasTriestWiednerHauptstrasse12

1040Wien,Austria


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Bios of the Speakers

Stephan Barisitz

SeniorEconomist,OesterreichischeNationalbankStephan

Barisitz

is

Senior

Economist

in

the

Foreign

Research

Division

of

the

OesterreichischeNationalbank.HejoinedtheOeNBinDec1998andfocuseson

country researchandmonitoringofRussia,CIS,SouthEasternEurope,aswellason

bankingandfinancialsectoranalysis.In2008,Stephanpassedhishabilitationexam(Privatdozent)in

economichistoryattheViennaUniversityofEconomicsandBusiness(WUWien).Hishabilitation

thesisdealswithbankingtransformationinCentralandEasternEuropeinthelastthreedecades.He

hassincehasbeenlecturerattheInstituteforEconomicandSocialHistory.

BeforecomingbacktoViennain1998,StephanworkedforthreeyearsasaneconomistattheOECD

inParis,where,togetherwithacolleague,haswasinchargeoftheRussiaCISBulgariaDeskofthe

OECDEconomicsDepartment.Beforethathewasfrom1992to1995withtheAustrianInstitutefor

Eastand

South

East

European

Studies

(OSI),

Vienna,

responsible

for

economic

research

and

editing

ofInstitutepublications.StephanstartedouthiscareerasaneconomistattheViennaInstitutefor

ComparativeEconomicStudies(wiiw)in1986.StephanhadstudiedeconomicsattheUniversityof

Innsbruck,Austria,and,afteraresearchstayatCarletonUniversity,Ottawa,passedhisdoctorate

thesameyear.

Philippe Danjou

BoardMember,IASBUntilhisappointmenthewasthedirectoroftheaccountingdivisionoftheAutorit

desMarchsFinanciers(AMF),theFrenchsecuritiesregulator.Hegraduatedfrom

HEC,thenqualifiedasaCharteredAccountantandRegisteredStatutoryAuditor,and

joinedArthurAndersen&Co.(Paris)in1970.

AtArthurAndersen,Mr.Danjouultimatelybecameanauditpartner.HewasalsoExecutiveDirector

oftheFrenchOrdredesExpertsComptables(OEC)from1982until1986.

Mr.DanjouwasamemberoftheInternationalAuditingPracticesCommitteeandatechnicaladviser

totheFrenchdelegatetotheformerInternationalAccountingStandardsCommittee,the

predecessortotheIASB.

WhileattheAMFheservedontheIASB'sStandardsAdvisoryCouncil,asanobserveratthe

Committeeon

Auditing

of

the

European

Commission,

as

amember

of

IOSCO's

Standing

Committee

1

onMultinationalAccountingandDisclosure,andtheFinancialReportingCommitteeofthe

CommitteeofEuropeanSecuritiesRegulators(CESRFin).

In2006,hewasappointedchairmanoftheEuropeanEnforcersCoordinationSessionscreatedby

CESRFintohelpfosterconsistentenforcementbyregulatorsofIFRSbasedfinancialstatements.


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Henri Fortin

Head,CentreforFinancialReportingReform,WorldBankMrFortinistheHeadoftheWorldBankViennaCentreforFinancialReportingReform(CFRR) since January 2011. Between 2003 and 2010, he led the World BanksanalyticalandadvisoryactivitiesincorporatefinancialreportingfortheLatinAmerica

and Caribbean (LAC) Region. His responsibilities included in particular (i) the preparation of ROSCreportsonAccountingandAuditing,(ii)anumberoftechnicalassistanceprojectstoassistpartnercountries in implementing ROSC recommendations and (iii) the CReCER (Spanish acronym forAccounting and Accountability for Regional Economic Growth) initiative in cooperation withinternational standardsetters, the accounting profession and key development partners. He alsoparticipated inanumberofFinancialSectorAssessmentProgrammissionsandworkedonprojectsrelatedtopublicfinancialmanagementandgovernanceofstateownedenterprises.

MrFortinalsorepresentedtheWorldBankontheInternationalAccountingStandardsBoardsSMEworkinggroupwhichassistedthe IASB indevelopingglobal financialreportingstandards forsmallentities,the IFRSofSMEs. Hecurrentlyrepresents theBankonthe IFRSofSMEs ImplementationGroup.

Beforejoining the World Bank in 2003, Mr Fortinwas directeur associ in the auditandbusinessadvisorydivisionofBarbierFrinault,theFrenchpracticeofArthurAndersen,whichhehadjoinedinMarch 1991. Prior to that he was a deputy commercial attach at the French Embassy in Brazil(19891990). He has M.Sc. in management from HEC Paris (1989) and the Diplme dEtudesSuprieuresComptablesetFinanciresissuedbytheMinistryofEducationofFrance.

Pascal FrrejacqueSenior

Operations

Officer,

Centre

for

Financial

Reporting

Reform,

World

Bank

PascalhasledAccountingandAuditingReportontheObservanceofStandardsand

Codesassessmentsinanumberofcountriesandadvisesgovernmentsonthedesign

andimplementationofcorporatefinancialreportingreforms.

HebringstotheBankmorethan20yearsofinternationalexperienceinaccountingandauditingin

thebankingsector,havingworkedattheIMFandinternationalaccountingfirms.Asaformeraudit

leadmanagerforlargebankinggroupsandhavingmanagedcorporatefinanceassignmentsatArthur

AndersenandErnst&Young,Pascalhasanindepthunderstandingofthefinancialsector.He

startedhiscareerworkingforaprivateconsultancy,conductingvaluationandM&Aduediligences

forlargecorporations.


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Amaro Luiz de Oliveira GomesBoardMember,IASBAmaroLuizdeOliveiraGomes,formerHeadofFinancialSystemRegulation

DepartmentoftheCentralBankofBrazil,joinedtheIASBasafulltimememberon

1July2009forafiveyearterm.

AsaseniorofficialattheCentralBankofBrazil,Mr.Gomesplayedaleadingroleintheadoptionof

InternationalFinancialReportingStandards(IFRS)inBrazil.AttheCentralBankofBrazil,heoversaw

theintroductionofIFRSforregulatedfinancialinstitutions.Hehasalsoservedasamemberofthe

twobodiesplayingtheleadingroleinintroducingIFRSintoBraziltheBrazilianComitde

PronunciamentosContbeis(CPC)andtheSteeringCommitteeforAccountingConvergenceBrazil

(ComitGestordaConvergncianoBrasil)createdbytheBrazilianFederalAccountingCouncil

(ConselhoFederaldeContabilidade).

Mr.Gomeshasinthepastbeenanactiveparticipantineffortsaimedatinternationalregulatory

cooperation.HeservedontheAccountingTaskForceoftheBaselCommitteeonBanking

Supervision.HealsorepresentedtheCentralBankofBrazilintheMERCOSURSubGroupIV

FinancialServicesIntegration,ascoordinatoroftheCommissiononFinancialServicesandtheSub

CommissiononAccountingIssues;andfrom1999to2003wastherepresentativeinthe

IntergovernmentalWorkingGroupofExpertsonInternationalStandardsofAccountingand

Reporting(ISAR),undertheauspicesoftheUNO/UNCTAD.

Inhiscareerasafinancialsystemregulator,Mr.Gomeswasdirectlyinvolvedintheconvergenceof

Brazilianprudentialregulationwithinternationalstandardsandbestpractices,suchasthe

implementationofthe25CorePrinciplesforEffectiveBankingSupervisionandBaselII.Inthisrole

heparticipatedinseveralregulationandpolicyforums,includingthePolicyDevelopmentGroup

(PDG)oftheBaselCommitteeonBankingSupervision,representingtheAssociationofSupervisorsof

Banks

of

the

Americas

(ASBA).

David Grnberger

Head,Accounting&RegulatoryMonitoring,AustrianFinancialMarketAuthority(FMA)Dr.DavidGrnbergerleadstheteamforaccountingandIFRSenforcementinthe

AustrianFinancialMarketAuthorityinVienna.Hefocusesonthefinancialreportingof

listed

companies

and

banking

regulation.

HeholdsaUSCPAlicense,teachesattheViennaUniversityofEconomicsandpublishedmanybooks

andpapersoncurrentaccountingtopics.

HerepresentstheFMAintheEuropeanEnforcementCoordinationSessionsatESMAandthe

EuropeanAccountingRegulatoryCommitteeattheEuropeanCommission.


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Mariela Isern

SeniorTechnicalManager,IASBMarielajoinedtheIASBasaTechnicalManagerinDecember2007.Shehasworkedon

theJointVenturesprojectwhichledtothepublicationofthestandardIFRS11JointArrangementsinMay2011.SincethenshehasbeeninvolvedintheFairValue

Measurementproject.

Mariela

was

employed

previously

by

KPMG

Spain

where

she

worked

in

the

auditpracticeforsevenyears,includingtwoyearsintheUSwhereshebecameaCertifiedPublic

Accountant.Morerecently,sheworkedasaFinancialAccountantinthegroupreportingdepartment

ofVodafoneandasaFinancialAnalystattheRoyalBankofScotland.

MarielaholdsabachelorsdegreeinBusinessAdministrationfromtheUniversidadPompeuFabrain

BarcelonaandaMastersinFinancefromtheLondonBusinessSchool.

Christoph Krischanitz

Chairman,InvestmentandFinancialRiskCommitteeoftheGroupeConsultatifActuarielEuropen(GC);President,ActuarialAssociationofAustria(AV);Member,AustrianFinancialReportingandAuditingCommittee(AFRAC;andManagingDirector,Arithmetica

SinceJune2002,ChristophKrischanitzistheManagingDirectoroftheArithmeticaVersicherungs

undfinanzmathematischeBeratungsGmbHinVienna.Mr.Krischanitzgraduatedwithadegreein

mathematicsfromtheUniversityofViennaandsince2000heisafullMemberActuaryofthe

ActuarialAssociation

of

Austria

(AV).

SinceMay2008,heservesasthePresidentoftheAVandsinceOctober2011heistheChairmanof

theInvestmentandFinancialRiskCommitteeoftheGroupeConsultatifActuarielEuropen

(EuropeanAssociationoftheActuarialProfession),furthermoreheisadelegatetoseveral

committeesoftheInternationalActuarialAssociation(IAA).

InAustria,Mr.KrischanitzchairsthemathematischstatistischeKomiteeandtheStresstest

WorkingGroupoftheAustrianInsuranceAssociation(VVO).HeisalsoaLecturerfortheactuarial

scienceattheTechnicalUniversityofVienna,theUniversityofAppliedSciencesBFIVienna,theWU

ExecutiveAcademyandtheEuropeanActuarialAcademy(EAA).SinceJanuary2005,Mr.Krischanitz

isaMemberoftheAustrianFinancialReportingandAuditingCommittee(AFRAC)andfrom2005to

2008hewasaMemberoftheEuropeanFinancialReportingAdvisoryGroup(EFRAG)WorkingGroup

PensionsAccounting.


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Regional IFRS Workshop for Regulators, 3-7 J une, 2013, Vienna

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Johanna Lincoln

Consultant,CentreforFinancialReportingReform,WorldBankMs.JohannaLincolnjoinedtheWorldBankinViennaasaConsultant. Priortojoining

theWorldBank,JohannaworkedasanInvestmentBankeratHSBCGlobalBankingand

Marketsonvariousequityanddebtcapitalmarkettransactionsandstrategic

alternatives.Prior

to

that,

Johanna

worked

as

an

Actuarial

Associate

with

Towers

Perrin

in

London

wheresheperformedpensionvaluationsandadvisedFTSE100companiesontheirpensionand

benefitschemes.

JohannareceivedaMasterinFinancewithMeritfromtheLondonSchoolofEconomics.Inaddition,

sheholdsaMasterinEconomicsandManagementfromtheUniversitParisDauphine.Johannaisa

LicensedInvestmentProfessionalbytheFrenchFinancialMarketAuthorityandcurrentlya

CandidatefortheLevel3oftheCharteredFinancialAnalyst(CFA)program.

Werner Matula

ChiefActuaryofViennaInsuranceGroup;ManagingDirector,ArithmeticaAftergraduatingActuarialandFinancialMathematicsandathreeyearscientific

engagementattheViennaUniversityofTechnology,Mr.WernerMatulajoinedthe

ViennaInsuranceGroupin2005asanActuary.In2007,Mr.Matulawasdelegatedto

oneofthegroup'sRomaniansubsidiaries,takingcareofthelifeinsuranceactuarialwork.

Mr.MatulaisfullqualifiedmemberoftheAustrianActuarialAssociation(AV)andManaging

Directorof

Arithmetica

Versicherungs

und

finanzmathematische

Beratungs

GmbH

in

Vienna.

Since2010,WerneristheChiefActuaryoftheViennaInsuranceGroup,mainlyresponsibleforthe

EmbeddedValuereporting,actuarialcontrolling,performancemanagement,Solvency2,mergers&

acquisitionsandthegroup'sactuarialnetwork.


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Andrea Pryde

TechnicalPrincipal,IASBAndreaPrydeisaTechnicalPrincipalattheInternationalAccountingStandardsBoard

(IASB),theprivatesectorindependentbodyresponsiblefordevelopingasinglesetof

highquality

International

Financial

Reporting

Standards

(IFRS)

for

use

throughout

the

world.

AndrealeadstheIASB'sprojectoninsurancecontracts.Shehasabroadrangeofstandardsetting

experience,havingjoinedthestaffoftheIASBin2001.Inthattimeherresponsibilitieshaveincluded

finalisingImprovementstoIFRS(akeystepintheEUsdecisiontoadoptIFRSin2005),developing

andfinalisingIFRS7FinancialInstruments:Disclosures(theIASBsfirstprinciplesbaseddisclosurestandard),writingpartIofIFRS9FinancialInstrumentsandtheexposuredraftLeasesandleadingtheIASBsprojectonpostemploymentbenefits.

PriortojoiningtheIASB,AndreawasemployedbyAnderseninLondon,firstinaclientfacing

assuranceroleandtheninUKtechnicalpolicy.AndreaisaqualifiedmemberoftheInstituteof

Chartered

Accountants

in

England

and

Wales.

She

also

holds

an

honours

degree

in

chemical

physics

fromEdinburghUniversityandapostgraduatequalificationinchemistryfromCambridgeUniversity.

Darrel Scott

BoardMember,IASBDarrelScottwasformerlyCFOoftheFirstRandBankingGroup,oneofthelargest

financialinstitutionsinSouthAfrica.Hehadresponsibilityforbothstatutoryand

regulatoryfinancial

reporting

under

the

Basel

IIAccords

and

served

on

various

Governance,Risk,OperationandStrategicCommitteesoftheGroup.

Mr.ScottwasalsoamemberoftheIASB'sInternationalFinancialReportingInterpretations

Committee(IFRIC),apositionfromwhichheresignedtobecomeanIASBmember,andwasformerly

amemberoftheIFRSFoundation'sStandardsAdvisoryCouncil(SAC),nowcalledtheIFRSAdvisory

Council.

Chris SpallPartner,KPMGChrisworksintheKPMGnetworksInternationalStandardsGroupinLondonandisa

memberofKPMGsglobalIFRSfinancialinstrumentsandinsurancetopicteams. Heis

alsoapartnerinKPMGintheUKsUSAccountingandReportingGroup,providing

supportto engagementteamsonbankaudits. Hepreviouslyworkedintheprofessionalpractice

departmentofKPMGintheUSinNewYorkandhasover20yearsexperienceinaccountingand

auditing.


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Erik van der Plaats

SeniorPolicyOfficer,FinancialInstitutionsUnit,DGMarkt,EuropeanCommissionErikvanderPlaatshasbeenworkinginthebankingUnitsince2008.Hismainfocusis

onbankaccounting. ErikwassecondedfortwoyearsasaSeniorFinancial

ManagementSpecialistwiththeWorldBankfrom2006till2008whereheworkedon

privatesector

financial

reporting

in

Europe

and

the

Central

Asia

Region.

From

1995

to

2006

Erik

workedattheEuropeanCommissionmainlyonfinancialreportingandauditpolicymakingatDG

InternalMarket.PriortojoiningtheEuropeanCommission,Erikworkedforsixyearsasan

independentconsultantonfinancialmanagementand3yearsasanexternalauditor.Erikholdsa

mastersdegreeinbusinesseconomicsfromtheFreeUniversityofAmsterdamandqualifiedasa

registeredauditor(RA)withRoyalNIVRAoftheNetherlands.

Martn Vzquez Surez

SeniorFinancialSectorSpecialist,WorldBankMartnVzquezSurezjoinedtheWorldBankinFebruary2010asseniorfinancial

sectorspecialistintheFinancialandPrivateSectorDevelopmentVicePresidency.In

thispositionhewasresponsibleforthecoordinationwiththeFinancialStabilityBoard

andhecurrentlyrepresentstheBankattheFSBSupervisoryIntensityandEffectivenessgroup,which

preparedtheFSBrecommendationsonGlobalSystemicallyImportantFinancialInstitutions(GSIFIs).

MartnhasparticipatedinseveralWorldBank IMFFinancialSectorAssessmentProgram(FSAP)

jointmissionsassessingthequalityofbankingregulationandsupervisioninexaminedcountries.

PreviouslyheservedeightyearsasBankofSpainsinspectorandasadvisortotheDirectorGeneral

ofSupervision.In2008,hewassecondedtotheEuropeanCentralBankasfinancialsupervision

expertto

provide

the

Director

General

of

Financial

Stability

with

analysis

and

advice

on

accounting

andsupervisoryissues.

HeholdsaPh.D.inBankingEconomicsfromtheUniversidadAutnomadeMadridandisCertified

AccountantofSpainsince2006.

Michael Wells

Director,IFRSEducationInitiative,IASBMichaelleadstheEducationInitiativeoftheIFRSFoundation.HequalifiedasaSouth

AfricanChartered

Accountant

with

Ernst

&

Young

before

being

seconded

to

work

out

ofthefirm'sDetroitoffice.

Hesubsequentlyjoinedtheacademicworld,andbecametheAssociateProfessorresponsibleforthe

financialaccountingsectionofaSouthAfricanUniversity.Healsoservedasanindependent

evaluatorofprofessionalqualifyingexaminations.

Heisamemberofanumberofinternationalaccountancyeducationadvisorygroups.


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Documents

IFRS Workshop Agenda.pdf