On June 18, 2018, Baker Tilly Bishkek and the Union of Banks of Kyrgyzstan held a one-day seminar on IT audit, designed for professionals working in banking and non-banking financial institutions, payment systems licensed by the NBKR; in organizations that store and process significant (over 1000 units) arrays of personal data of citizens; communication operators.
The seminar program:
1. What is IT-audit, and what does it consist of;
2. Overview of external requirements;
3. How to conduct IT-audit;
4. Basics and requirements for the safe development of the Software.
What is the EAEU?
This is the union of Armenia, the Republic of Belarus, the Republic of Kazakhstan, the Kyrgyz Republic and the Russian Federation, aimed at the economic, social and cultural development of these countries.
What is Baker Tilly?
It is an organization that employs experts united by one idea – to promote the business in its development, and they are ready to share their experience, knowledge and competencies in order to achieve their goals. If you are already doing or planning a business in the EAEU countries, you can always rely on expert advice or professional support from Baker Tilly Armenia, Baker Tilly Bel, Baker Tilly Kazakhstan, Baker Tilly Bishkek and Baker Tilly Russia.
Baker Tilly is always near!
The DipIFR Rus program provides fundamental knowledge of the principles and rules for applying IFRS and the preparation of financial statements, and also allows you to effectively prepare for the DipIFR Rus qualification exam.
The program is intended for professionals working in the field of accounting, auditing and finance who want to pass the qualification exam for the Diploma of the world recognized ACCA organization under IFRS – DipIFR Rus, and deepen the theoretical and practical knowledge of IFRS.
Dates of training from May 21 to May 26, 2018 – 6 days according to the scheme of 3 days of theory and 3 days of practical assignments.
Register link – http://goo.gl/forms/vvctdrpUXB
When registering before April 7, there is a discount of 20%.
Baker Tilly International, one of the world’s leading global networks of independent accounting and business advisory firms, has announced worldwide revenues of US$3.4bn for the year ended 31 December 2017. This represents year-over-year growth of 6.4% at constant exchange rates. Global headcount has increased by 10.2%, with 33,600 people now operating out of 796 offices in 147 territories worldwide.
2017 was another strong year for the Baker Tilly International network. As our member firms continue to grow through strong organic growth and strategic expansion, our focus remains resolutely on building long-term relationships with our clients. Our ongoing investment in technology, infrastructure and talent ensures we are positioned to continue to deliver superior client service to an increasing international client base.
During the seminar such themes were discussed as:
1. Checklists on (a) executing agency capacity, (b) disbursements and (c) procurement under international competitive bidding (English and Russian);
a. ADB Anticorruption Framework and Integrity Principles and Guidelines;
b. Integrity Violations Definitions;
c. Instructions on How to Access ADB’s Complete Sanctions List;
d. Recommended Web Searches for Due Diligence.
1. The new requirements of the State Committee of Information Technologies and Systems on the procedure for working with information systems for government agencies and state companies;
3. The new edition of the NBKR’s minimum requirements for external audit (IT audit);
4. Innovations in the forthcoming period 2018-2020: the state doctrine on information security (projects of the concept of cybersecurity, strategy), the criminalization of IT incidents, the concept of CII (critical information infrastructure).
During the discussion, colleagues were able to ask questions and communicate with each other.
The presentation shown at the business breakfast, as well as all the normative documents mentioned in it (or their projects) you can download at the link below: https://drive.google.com/drive/folders/1G_mW0Fr37cGB8dlS5rkiSMEG7rJFqgaC?usp=sharing
Tax Mapp – all taxes in your smartphone
With Tax Mapp from Baker Tilly you will be able to:
We run the Silk Road! We shall participate in Bishkek Half Marathon starting on November 19, 2017. Register here http://runthesilkroad.com/and join us in run.
The most athletic accountants and auditors of Kyrgyzstan Baker Tilly Bishkek run on the First Bishkek International Half Marathon!
Start at 9:00 from the Old Square. Finish of all races – Old Square.
International Financial Forum BIFF-2017 will take place in Bishkek on June 2, in which over 300 representatives of local and foreign financial organizations will take part.
The forum is dedicated to the financial and credit sphere, including the prospects for the development of payment technologies and services, cyber security problems and other actual issues.
Baker Tilly Bishkek is a partner of the forum. We will also hold a session on IT security issues. You can register here http://biff.kg/, please come – it is going to be interesting.
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.
Round table dedicated to Information security
Baker Tilly Bishkek organizes Round table dedicated to Information security which would be interesting to IT professionals working in financial institutions . The information security issues and combating of targeted cyber attacks on financial institutions will be discussed during the round table.
The event will take place at Orion Hotel, Aksay confernce Room on March 9, 2017 from 15.00 to 18.00
Registration is obligatory at +996 312 90 05 05 or firstname.lastname@example.org
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 16th 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.
Baker Tilly International has been named the winner of the prestigious Network of the Year Award at the International Accounting Bulletin (IAB) Awards 2016.
The annual IAB Awards celebrate excellence in the accounting profession and bring together some of the most prominent people in the industry.
The IAB Network of the Year is awarded to networks that have demonstrated the execution of profitable growth strategies during the past 12 months and have excelled in a number of key strategic and operational areas. They are also recognised by the industry as a reputable brand that consistently delivers high quality professional services.
Commenting on the award, Ted Verkade, CEO and President of Baker Tilly International, said: “I am exceptionally proud that the network has been recognised by IAB for our outstanding growth, our innovation and excellent client satisfaction, and for being the first network to obtain the ACCA Approved Employer status award in professional development”.
The finalists and winners were selected by an independent panel of judges comprising: Deborah McSkimming of HRH The Prince of Wales Accounting for Sustainability Project; Doreen Remmen of IMA; Mark Koziel of the AICPA; Warren Allen former president of IFAC; and Vincent Papa of CFA Institute.
Baker Tilly Bishkek is launching automated Computer Based Exams (CBE) Center in Bishkek. From April 2016 Baker Tilly Bishkek is an officially ACCA approved examination Center that runs automated examination programmes (CBE) in Bishkek.
From now on students are able to take following exams:
One of the major advantages of CBE system is its convenience and flexibility for Students – examinations can be taken at any time. Moreover, Students can retake an examination as many times as needed. Results can be obtained right after passing the examination, and within 72 hours the results are loaded to myACCA.
Please send your requests to email@example.com
We congratulate Bermet Suleimanova (Chief Accountant of MCC Frontiers) and Kseniya Khamatova (Head of FA Accounting dept of NUR Telecom LLC) with successful pass of DipIFR-Rus examinations.
We are glad that Bermet and Kseniya participated in two-stage trainings organized by Baker Tilly Bishkek in September and December 2015 and got prepared to DipIFR-Rus examinations. For more info on trainings provided – visit our website http://bakertilly.kg/training/