KPMG Press Release

KPMG in Kazakhstan and Central Asia continues investing in business community development

KPMG in Kazakhstan and Central Asia continues investing in business community development. In the first half of December experts from KPMG Management Consulting and Tax & Legal held a number of events with local businesses.

  • On 7 December Astana was the venue for a Management Consulting Business Breakfast dedicated to IFRS 9 and Credit Risk Models. The new IFRS 9 Financial Instruments is expected to come into force on 1 January 2018, but according to Ivan Moisov, Head of FRM at KPMG in Kazakhstan and Central Asia, the market players and experts still have questions on the subject. Together with Aibek Bekzhanov, who specialises in financial risks modelling, Ivan conducted the event and spoke about the IFRS 9   requirements and implementation for depreciation.      
  • On 7 December in Almaty and on 8 December in Astana KPMG held Business Breakfasts on data management by KPMG and DIS Group. The meetings discussed Data Governance implementation to maintain data quality and security, and the Informatica software features. The speakers were Head of IT Advisory at Kazakhstan and Central Asia Konstantin Aushev, Manager Assel Komysheva, and DIS Group RU CEO and CTO Pavel Likhnitsky and Oleg Giatsintov.
  • On 12 December the KPMG office in Almaty, supported by Eurobak, was the venue for a Round Table discussion on bringing personal data-handling processes into compliance with GDPR requirements.
  • On 25 May 2018, the GDPR law on data protection will come into force in the EU. Kazakhstan is not an EU member, but GDPR may affect the companies that process EU citizens’ personal data, have subsidiaries or branch offices in the EU, or closely collaborate with EU entities. Information Risk Management Senior Consultant Kristina Borovikova will speak about GDPR, key upcoming changes, required compliance, and processes and documents to implement. On the same day she will present on GDPR and its effect on financial organisations at the Central Asia Conference “Digital Transformation in Banks and Financial Organisations”.
  • On 12 December Astana was the venue for a Business Breakfast on assessing the efficiency of social projects and managing the company’s social activities.  Speakers were Corporate Governance &     Sustainability Director in Russian and the CIS Ivan Barsola, Senior Consultant Svetlana Sorokina, and MC & RC Consultant at KPMG in Kazakhstan and Central Asia Diana Kozhemzharova.

Tax & Legal professionals continued to introduce the business community to the Tax Code changes: in December, two seminars were held on this subject in Astana. They were conducted by Director Tatyana Rogachyova and Manager Assem Shayakhmetova.

  • On 5 December KPMG held a transfer pricing Business Breakfast, where Partner Rustem Sadykov, Director Vyacheslav Sosnovskiy, and Manager Nurbolat Sydykov spoke on the specifics, data sources,     and practical cases of transfer pricing in finance.
  • On 14 December Bishkek was the venue for tn International Tax Seminar at which Senior Consultant Aselia Kubanycheva and Director Vyacheslav Sosnovskiy provided an overview of the Kyrgyzstan tax legislation, international tax issues, and local transfer pricing.


KPMG supports publication of the first volume of The Pictorial Art of Kazakhstan

With the support of KPMG in Kazakhstan and Central Asia, the Kasteyev Art Museum published the first volume of The Pictorial Art of Kazakhstan. On 13 December, the Museum publicly presented the publication, timed to coincide with Kazakhstan's Independence Day. The publication covers pictorial art from 1936 till 2016.

Assel Khairova, Managing Partner of KPMG in Kazakhstan and Central Asia, delivered a welcome. “KPMG has been a member of the Board of Trustees of the Kasteev Art Museum since 2016. For us,  cooperation with the country's leading art museum and fine arts research, cultural and educational center is not only an opportunity to make our contribution to preservation of Kazakhstan's cultural heritage. We share the common values: knowledge, quality, enthusiasm, creativity, aspiration for perfection and spiritual development. Kazakhstan's pictorial art is a major section in the Museum's unique collection, which comprises over three thousand works of art representing various genres and periods in development of Kazakhstan's fine arts. We believe publication of the catalogue will enable preservation of the country's rich cultural heritage for true connoisseurs of art, as well as contributing to the comprehensive study and promotion of the creative work of Kazakhstan artists not only in our country but also far beyond”.

The second volume of The Pictorial Art of Kazakhstan  is scheduled to be issued in 2018.

Back to Member News