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the Federation of Accounting Professionals in pursuance 8.2 A Workshop on “Financial Instruments Valuation

to the International Financial Reporting Standards (IFRSs) Techniques”
which will affect the accounting system of insurance A workshop on “Financial Instruments Valuation

companies in many aspects such as the valuation of Techniques” was organized between July 6-9, 2010 at
financial strength based on RBC, calculation of income the Swissotel Le Concorde. The participants were

tax and tax benefit eligibility of the insured. The new divided into 2 groups to allow closer interaction with the

standard will also affect the compatibility of insurance expert speakers from the Earnst and Young Co., Ltd.

companies against other financial institutions. 8.3 A Workshop on “Book Keeping In Newly
Improved Accounting Forms for Insurance
7. Speaking at Workshop on “Necessary Knowledge for Companies”

Insurance Companies’ Auditors” The Accounting Committee, the Office of
The Committee assigned a representative to be a Insurance Commission and Earnst and Young Co., Ltd.

speaker at a workshop on “Necessary Knowledge for organized a workshop on “Book Keeping In Newly

Insurance Companies’ Auditors” organized by the Thai Improved Accounting Forms for Insurance Companies”

Insurance Institute under the commission of the Revenue to explain book keeping methods according to the

Department, the Ministry of Finance between January accounting forms newly improved in 2009 which will be

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25-29, 2010 at the Revenue Department. The workshop effective in the 1 quarter of 2010. The workshop was

was organized to enhance knowledge and understanding held at between September 27-28, 2010 at the Swissotel

for staff of the Revenue Department and insurance Le Concorde.

companies on many areas such as reserve calculation 8.4 A Seminar on “IAS 19: Employee Benefits”

methods, actuarial works and qualifications, book A seminar on “IAS 19: Employee Benefits” was
keeping, payment of agent and broker commission, etc. organized on November 30, 2010 at the Amari Boulevard
Hotel, Sukhumvit, Bangkok to promote understanding on
8. Trainings and Seminars accounting practices with a focus on “employee benefits”
8.1 A Seminar on “The 1 RBC Parallel Test Run” which requires that the result of a calculation based
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Following a meeting organized by the Office actuarial calculation method must be kept in the book.

of Insurance Commission on April 7, 2010 to prepare Therefore, the accountant must have an understanding

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general insurance companies for the 1 Parallel Test on the background, Calculation method and book

Run, the Accounting Committee, the OIC and the keeping method. The seminar was divided into 2 parts.

Insurance Premium Rating Bureau jointly organized a The first part was a practical session on book keeping,

workshop on “The 1 RBC Parallel Test Run” on the 8 led by a team of experts from Earnst and Young Co., Ltd.
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and between June 15-16, 2010 at the Chao Phraya Park and the second part is a training course on actuary by

Hotel and the Swissotel Le Concorde, respectively. The Mr. Suteem Pataramalai from the Actuarial Society of

workshops were arranged for 3 separate groups of Thailand as a lecturer.

participants to allow closer interaction with the experts.

Annual Report 2010 118

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