FBK GT About Reporting Amid Pandemic

FBK Grant Thornton has been a partner of the two-day conference titled “Interim and Annual Financial Statements of Banks Amid the Pandemic. New Reality and New Risks”.

Associate Director of the Department of Assurance and Advisory to Financial Institutions Anastasia Terekhina moderated discussions on the first day of the conference.

Head of Practice Maksim Chikishev and Senior Expert Dmitriy Popov made a speech together about financial and non-financial risks in IFRS financial statements.

Senior Expert Nellya Gafurova explained how to apply IFRS 13 amid the COVID-19 pandemic, listed recommendations and exemptions provided by the Bank of Russia and shared relevant trends in fair value measurement.

On the second day of the conference, Manager Maya Savitskaya advised how banks can efficiently implement the regulator’s new requirements to operating risk management.

Representatives of big Russian banks, such as Promsvyazbank, Alfa Bank, Gazprombank and Bank Otkritie Financial Corporation, also spoke at the conference.