We enforce our resources in the field of Information audit and consulting. We are glad to announce that we have concluded a Memorandum of Cooperation with Kaspersky Lab – recognised international company working in the field of cybersecurity. We agreed to cooperate in the field of information security, ensuring the protection of information resources, as well as learning, conducting trainings on information security and investigating incidents.
Ranking of Top Kazakhstani Retail E-commerce in 2017
Forbes Kazakhstan, in partnership with Baker Tilly Kazakhstan, announces launch of a ranking of Top Kazakhstani Retail E-commerce in 2017. An official expertise for the ranking is provided by Homebank, a processing unit of Qazkom bank.
For the purpose of the ranking, we do not combine data of holding companies or legal entities, but consider separate online trading platforms, internet retailers, internet stores, or other e-сommerce sites that have common or affiliated owners and use common or unified technical platform with unified order management.
The major goals of the ranking are enhancing market transparency and creating culture of healthy competition.
The ranking is to be published in the September 2017 issue of Forbes Kazakhstan.
It is a great honor for us to invite Kazakhstani online stores and e-trading platforms including international players with solid presence in Kazakhstan (i.e. those having local legal entity) to participate in the ranking. Please take into account that we will have a chance to only consider companies who have actual executed orders in 2016.
Please fill in the following questionnaire to be considered for the ranking:
E-trading platforms: https://forbes.kz/emarketplace
Link to forbes.kz
Appointment of the new Managing Partner of Baker Tilly in Kazakhstan
January 7, 2017 – The international audit and consulting company Baker Tilly is happy to announce the appointment of Aisulu Narbayeva as a managing partner of the company in Kazakhstan.
Aisulu Narbayeva has more than 20 years of experience in audit and consulting, including 10 years as a Partner of the “Big Four” international audit company.
Aisulu Narbayeva owns a qualification certificate of an auditor of the Republic of Kazakhstan and the United States qualification of Certified Public Accountant (CPA) of the American Institute of Certified Public Accountants (AICPA).
Aisulu Narbayeva is known in Kazakhstan for her professionalism, deep knowledge of the best international business practices. Appointment of Aisulu Narbayeva demonstrates commitment of Baker Tilly global network to further expansion and provision of the customers of Baker Tilly with the services of the highest international quality standards.
On 14th of December 2016 in collaboration with our colleagues from Baker Tilly Russia and Baker Tilly Moldova we held the round table on “IFRS 9 “Financial Instruments”. All interested specialists from banking industry were invited. During the round table the following issues were discussed: the main purpose of IFRS 9 and its differences from IAS 39; impairment models employed in IFRS 9; as well as necessary activities for successful transition to new standard.
As known, in July 2014 the International Accounting Standards Board issued the final version of IFRS 9 “Financial Instruments” were the changes in requirements of classification and valuation of financial instruments and accounting treatment of reserves were introduced.
IFRS 9 introduces model based on expected loan losses for the impairment of financial activities instead of model of incurred loan losses envisaged earlier by IAS 39 “Financial Instruments: recognition and valuation”. In accordance with IAS 39 the entities recognize expected loan losses and its adjustments on each reporting date, so recognizing the changes of credit risk from the date of initial recognition.
For the smooth transition to the new standard the period is required that will allow to adjust the methodology, policies and procedures of classification, accounting of financial instruments and valuation of reserves, to prepare the IT infrastructure and train the employees, to measure the influence of the results and to collect the missing data. Thus, the methodology and procedures of valuation of impairments in accordance with IFRS 9 should be prepared in advance.