Ammon News - AMMONNEWS - EY Jordan organized a one-day trainingworkshop at the Sheraton Hotelonrecently publishedInternational Financial Reporting Standards (IFRS).IFRS are a set of international financial report standards designed to serve as a unified global language for companies, subsequently ensuring that their accounts are comprehendible and comparable across international boundaries.

Delivered by EY Jordan’s Director of Assurance Services, Osama Shakhatreh, the workshop focused on five Standards: IFRS 9 - Financial Instruments, IFRS 10 - Consolidated Financial Statements, IFRS 11 - Joint Arrangements, IFRS 12 - Disclosure of Interests in Other Entities, and IFRS 15 - Revenue from Contracts with Customers.

The workshop was attended by over 200 chief financial officers, financial managers and financial department employees from several banks, public shareholding companies and insurance firms, in addition to regulatory commission employees.

“The ‘IFRS Executive Updates’ workshop introducedour clients to the most recentIFRS requirements, criteria and compliance regulations, ensuring that they remain abreast of global best practices. As the Kingdom’s largest audit and business advisory firm, and an international leader in assurance, tax, transaction and advisory services, we strive to support local businesses in elevating their operations on par withworld class standards,” commented Bishr Baker, EY JordanManaging Partner.