Conference on Advanced Training of Auditors and Appraisers
On October 24, 2019, the XXVII International Scientific and Practical Conference on Advanced Training of Auditors and Appraisers was held in Kyiv on the topic: «Actual issues of valuation and depreciation of property in accordance with IFRS for audit of financial statements». The conference was organized by the All-Ukrainian professional public organization «Union of Auditors of Ukraine» and the Public organization «All-Ukrainian Association «Ukrainian Society of Appraisers».
The Conference was attended by representatives of various regulatory bodies, including Lyudmila Gaponenko, Chairman of the Audit Oversight Council, Oleg Kantsurov, Executive Director of the Public Oversight Audit Authority, Svetlana Bulgakova, Director of the Department for Evaluation of the State Property Fund of Ukraine, Bogdan Lukasevich, Chief Accountant of the NBU, Alexander Zaletov, member of the National Committee for Financial Services, Alexey Amfiteatrov, Chairman of the Public organization Council «All-Ukrainian Association «Ukrainian Society of Appraisers», Valerii Bondar, President of the All-Ukrainian professional public organization «Union of Auditors of Ukraine», Vladimir Shalaev, Vice-President of the Public organization Council «All-Ukrainian Association «Ukrainian Society of Appraisers» and others.
Valerii Bondar, Professor, Doctor of Economics, President of the All-Ukrainian professional public organization «Union of Auditors of Ukraine», General Director of HLB Ukraine, made a report on the disclosure of information on impairment of assets in accordance with IFRS. He reported on the value of the asset in use and demonstrated a model for evaluating financial assets using the CIS metro as an example.
Valerii Bondar also noted: «Assets intended to provide services to the public can often be similar in nature or design to assets intended for commercial purposes, and since they can be used for any of them, they can usually be valued in the same way as a commercial asset. An example is the office building used by the state department to provide services to the public and is located in close proximity to similar buildings occupied by the private sector, which offers services to the public. The value for public use will be the same as the value for commercial use, as the state department will compete with commercial users for office space in the market».
Also, presentations were made by Natalya Gaevskaya (PKF), Svetlana Bulgakova (State Property Fund of Ukraine), Elena Ruban (VT), Honored Economist Lyudmila Rubanenko (AF Kharkiv), Honored Appraisers of the «All-Ukrainian Association «Ukrainian Society of Appraisers» Irina Ivanova, Alexander Drapikovsky, Sergey Petenko, Andrey Chirkin and the head of the audit company Valerii Galasyuk (AF «Cowperwood», Dnipro).
Thanks to all the speakers and guests for the warm and friendly atmosphere and to all who care about the development of audit activities in Ukraine.
We take this opportunity to congratulate our colleagues on Appraiser’s Day! We wish you impeccable professionalism in work, transparent assessment indicators, interesting objects and one hundred percent success!
October 29, 2019
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