PricewaterhouseCoopers LLC and The Mongolian Stock Exchange have organized ‘The Importance of Quality IFRS and Auditing in Market Development’ seminar for capital market participants, audit firms, and other relevant financial entities on 11th of October. Following topics were covered during the seminar: • The importance of IFRS accounts and quality audit to capture international investor interest, and increase your company’s liquidity in the secondary market; • The role of high quality IFRS and auditing in reducing the cost of capital for the IPO, FPO, and any other capital-raising activities including corporate debt and bank loans; • The expected changes to the rules and regulations relating to financial statements and reporting for the Mongolian Stock Exchange as a part of its transformation into a world-class exchange; • The comparison of local requirements with that of international stock exchanges; and foreign investor expectations in relation to financial statements, audits, financial controls, and corporate governance.