Rabu, 23 Maret 2011

5th IFRS Regional Policy Forum Bali, 23-26 May 2011

The Theme:
Toward One Global Standard in Asia-Oceania:
The Challenges and Opportunities of IFRS Adoption in Asia Oceania Countries

Many countries in the Asia-Oceania region will be converging to the International Financial Reporting Standards (IFRS). Some countries have already adopted the IFRS since 2000, while others such as Malaysia, Indonesia and Singapore have set the year 2012 as the target year for the full adoption/convergence of IFRS. Year 2011 is the crucial year for these countries moving to IFRS, as it is the year of final preparation. Many regulators and accounting standard setters in the region face challenges in adopting the international standards. This event seeks to bring together policy makers, regulators and national standards setters from countries in different stages of their IFRS adoption roadmap to share and learn from one another’s experiences in adopting the global standards, both the challenges faced and the opportunities gained.

Objective of the meeting

Discuss the benefits and opportunities of adopting a global reporting standard

· Benchmark platform to compare how Policy Makers, Standard Setters and Regulators work together towards the adoption of a global accounting standard.

· Share common implementation experiences and challenges faced by Policy Makers, Standards Setters and Regulators in the Asia-Oceania region and how they were resolved.

· Strengthen the commitment of Asia Oceania regions in adopting IFRS.
Provide opportunities for increased dialogue and collaboration between jurisdictions in the Asia Oceania region, which will serve to further strengthen the influence of the region in the international arena.

1. Time and Place:

23 - 26 May 2011 at Discovery Kartika Plaza Hotel, Kuta Beach, Bali Island.

Target participants

Around 150-250 delegates which are:
• Policy Makers
o Ministry of Finance/Government
o Central Bank
o Tax Authority
o Capital Market Oversight Body
o Financial Institution Oversight Body
• Others
o Accounting Standards Setters
o Association of Accountants
o Accounting Academics
o Public Accountants/Auditors


23 May 2011



08.00 – 08.30

Registration and Morning Refreshment

08.30 – 10.30

IASB Technical Session on Revenue and Financial Instruments

The session would be presented by the IASB member

10.30 – 11.00

Coffee Breaks

11.00 – 12.30

Opening Ceremony by Prof. Dr. Mardiasmo, the Chairman of the Indonesian Institute of Accountants

Opening Speech by Mr. Aki Fujinuma, the Vice-Chairman of International Accounting Standards Committee Foundation

Keynote Speech and Opening Remarks by Mr Budiono, Vice President of the Republic of Indonesia*

12.30 – 13.30


13.30 – 15.00

Panel Session 1

The panel will be discussing on the opportunities and challenges of IFRS adoption/convergence and the imperative role of Accounting Standards Setters

The speakers for this session would be:

Sir David Tweedie - The Chairman of International Accounting Standards Board

Ms. Rosita Uli Sinaga - The Chairperson of the Indonesian Accounting Standards Board

Mr. Ikuo Nishikawa - The Chairman of Accounting Standards Board of Japan

Mr. Liu Yuting* - The Director-General of Accounting Regulatory Department, Ministry of Finance of China

Mr. Amarjit Chopra* - The President of Institute of Chartered Accountants of India

Moderator: Ms. Euleen Goh – The Chairman of Singapore Accounting Standards Council

15.00 – 15.30

Afternoon Refreshment

15.30 – 17.00

Panel Session 2

The panel will be discussing on working with tax regulatory authorities on adopting the IFRS

The speakers for this session would be:

Ms. Judy Morris* - The Assistant Commissioner Large Business and International, Australian Taxation Office

Mr. Mansor B. Hassan* – The Director of International Tax Department, Inland Revenue Board Malaysia

Mr. Insun Yoo* - The Deputy Director of International Cooperation Division, Nation Tax Service, Republic of Korea

Mr. Fuad Rahmany – The Chair of Directorate General of Taxes of Republic of Indonesia



Moderator: Mr. Mohammad Faiz Azmi – The Chairman of Malaysian Accounting Standards Board

19.00 – 22.00

Gala Dinner

Welcome Speech from the Governor of Bali

Speech by Sir David Tweedie


24 May 2011



08.30 – 09.00

Registration and Morning Refreshment

09.00 – 10.00

Panel Session 3

The panel will be discussing on the role of market regulators regarding the opportunities and challenges of IFRS adoption/convergence

The speakers for this session would be:

Ms. Etty Retno Wulandari – The Head of Bureau of Accounting Standards and Disclosure

Mr. Jason George* - The Senior Financial Sector Specialist, Bank of International Settlements, Representative Office of Asia-Pacific

Mr. Greg Tanzer* - The Chairman of the Asia-Pacific Regional Committee, International Organization of Securities Commission

The representative from Hong Kong market regulatory body

Moderator: Ms.G.A.Indira – Executive Researcher, Directorate of Banking Research and Regulation.

10.00 – 10.30

Speech 1

This session will share the experience of the Australian Stock Exchange on the benefits of adopting the IFRS

The speaker would be the representative of the Australian Stock Exchange

10.30 – 11.00

Tea Breaks

11.00 – 12.00

Panel Session 4

The panel will be discussing on the opportunities and challenges of IFRS adoption/convergence and the impact to the companies



The speakers for this session would be:

Mr. Sudiro Asno – The Chief Financial Officer of PT. Telekomunikasi Indonesia Tbk.

Ms. Chng Sok Hui – The Chief Financial Officer of DBS Bank Ltd, Singapore

Representative from Korea/India companies

Moderator: Mr. Roy Iman Wirahardja – The Vice-Chairman of Indonesian Financial Accounting Standards Board

12.00 – 12.30

Speech 2

The session will be presenting the opportunities and challenges of IFRS adoption/convergence for a banking regulator

The speaker would be Mr. Edward Gerald* - The Financial Stability Board

12.30 – 13.30


13.30 – 14.30

Panel Session 5

This session will be discussing on the opportunities and challenges of IFRS adoption/convergence – regarding the issue on the mobility of auditors and also the preparation on the auditing standards to audit IFRS based companies

The speakers for this session would be:

Mr. Tham Sai Choy - the Managing Partner of KPMG LLP, Singapore

Representative from China auditing profession

Representative from International Federation of Accountants

Representative from Philippines Certified Public of Accountant

Moderator: The representative from New Zealand

14.30 – 15.30

IFRS Foundation Strategy Review

This review will deliver the current development from the meeting of IFRS Foundation and IASC Trustee regarding Strategy Review Consultation Document

The review will be presented by:

Mr. Aki Fujinuma – The Vice-Chairman of International Accounting Standards Committee Foundation

Mr. Tom Seidenstein – The Chief Operating Officer of IFRS foundation

15.30 – 16.00

Coffee Breaks



16.00 – 16.15

Concluding Remarks

The speech for concluding remarks will be delivered by Mr. David Tweedie – The Chairman of International Accounting Standards Board

16.15 – 17.00

Closing Ceremony

Closing Speech: Mr. Agus Martowardojo – The Ministry of Finance

Presentation of token of appreciation to speakers and moderators by Mr. Ito Warsito - The Chairman of the IFRS RPF steering committee.

Forum Communiqué and arrangements for the next Forum and Closing Remarks by Ms. Rosita Uli Sinaga - The Chairperson of Indonesian Accounting Standards Board

*In Confirmation

The Agenda for IAI International Seminar 25-26 May 2011

Day 1 : 25 May 2011


Other information



Refreshment and coffee will be available


Current Update on IFRS Progress and also on Indonesia’s convergence progress

IASB Member or DSAK Member


International Standards on Financial Instruments: Does it really going to be less complicated?

IFRS being discussed:

IAS 32: Financial Instruments: Presentation

IAS 39: Financial Instruments: Recognition and Measurement

IFRS 7: Financial Instruments: Disclosure

IFRS 9: Financial Instruments

IASB Member/Staff of DSAK Member




Implementation of Financial Instruments Standards: Case Study from Indonesia and Singaporean Bank

CFO from one of Indonesian Listed Bank.


The Impact of Financial Instruments Standards for Non-Bank Entity

IFRS being discussed

IFRS 4 : Insurance Contract

IAS 26 : Accounting and Reporting by Retirement Benefit Plan

Member of DSAK

CFO from Insurance Company

CFO from Pension Fund

Day Two:

26 May



Refreshment and coffee will be available


Transition to IFRS: Lesson Learned from Neighbour Countries

· IFRS Standards for Extractive Industry and Agriculture: Lesson Learned from Australia

IFRS Related:

IFRS 6 Exploration and Evaluation of Mineral Resources

IAS 41 Agriculture


Kevin Stevenson: Chairman of the Australian Accounting Standard Board

· Challenges in adopting IFRS for Real Estate Industry: Lesson Learned from Malaysia and Singapore

IFRS related:

IFRIC 15 : Agreements for the Construction of Real Estate

IAS 23 Revenue

IAS 11 Construction Contract


Chairman of MASB and ASC

Moderator: A.N.S. Kosasih – Chief Financial Officer of Perum PERHUTANI




Tax Planning for Companies in Transition to IFRS

Companies from Neighbour Countries

Companies from Australia, Malaysia and Singapore

CFO from one of neighbour country (Malaysia, Singapore or Australia)

Tax Authority or International tax Consultant


The Impact of IFRS Convergence to Taxation for Indonesian Company

Directorate General of Taxes of Indonesia.


Meeting* & Seminar:

Rp 5.800.000,- (IAI Member)

Rp 6.000.000,- (Non IAI Member)

*Seat is very limited, first come first serve basis

*Participants eligible as observer at IFRS Regional Policy Forum Meeting

Seminar Only:

Rp 3.500.000,- (IAI Member)

Rp 3.800.000,- (Non IAI Member)

Supported by:

· IFRS Foundation

· ASEAN Federation of Accountants (AFA)

· Ministry of Finance of The Republic of Indonesia (Kementrian Keuangan Republik Indonesia)

· Government Accounting Standards Boards (Komite Standar Akuntansi Pemerintahan)

· Indonesia Capital Market Supervisory Agency (Bapepam – LK)

· Indonesia Stock Exchange (Bursa Efek Indonesia)

· The Accountant and Appraiser Supervisory Center Ministry of Finance Republic of Indonesia (Pusat Pembinaan Akuntan dan Jasa Penilai - Kementrian Keuangan)

For More Information:

Indonesian Institute of Accountants (IIA)
Grha Akuntan
Jl. Sindanglaya No. 1 Menteng Jakarta Pusat
Telp. 715 444 55, 391 9089, 31904232 (Hunting) Ext.777/333/114
Fax (021) 3900016 / 7245078
Email :registrasi@iaiglobal.or.id / pendidikan@iaiglobal.or.id
Homepage : www.iaiglobal.or.id

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