Financial Auditing Using IFRS Course

The Financial Auditing Using IFRS Course will cover the following topics and more:

IFRS Financial Statements:

• Accounting rules and regulations – IFRS and GAAP
• Fundamental concepts of accounting and how they can be abused

Fundamentals of Financial Auditing

• The role of international standards on Auditing
• The financial audit process end to end- planning, doing, completion and reporting

Planning an audit of IFRS accounts- the risk-based approach

• The audit risk model and how it applies in practice
• Understanding the entity and its environment
• Calculating and using materiality and performance materiality
• Approaches to audit sampling

Auditing the IFRS Balance sheet –assets

• Key assertions and sources of evidence
• Common problem area- PPE, intangibles, receivables, inventory, cut- off
• How to spot fraud when auditing assets

Auditing the IFRS Income Statement

• Key audit assertions- the risk to directional testing
• Sources of evidence- transaction tests and tests of control

Auditing the IFRS balance sheet- liabilities

• Key assertions and sources of evidence
• Common problem areas – payables, provisions, cut-off 
• How to spot fraud when auditing liabilities

Course Booking

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