The IFRS Financial Audit Training Course is an in-depth professional program that will teach participants how to audit financial statements that comply with International Financial Reporting Standards (IFRS). Participants in this course will develop the practical skills to perform audits according to IFRS, including understanding how international standards impact audit planning, risk analysis, test evidence, report writing, and compliance. The demand for auditors and finance professionals that can confidently interpret IFRS-compliant financial statements and apply audit procedures consistent with international best practices has significantly increased worldwide.
The Imperial Corporate Training Institute offers this financial audit training course by combining the application of IFRS technical knowledge with audit methodology based on actual engagements. By taking this course, participants will receive practical experience in auditing environmental factors associated with IFRS. In addition to auditing complex environmental factors such as revenue recognition, financial instruments, leases, consolidation, and impairment, the course also develops each participant’s ability to analyse and measure fair value. Additionally, this course is designed to assist professionals who are working in multi-national corporations, in regulated industries, and with organisations that are transitioning from local accounting standards to IFRS.
Objectives
By completing the IFRS Financial Audit Training Course, participants will be able to:
- Understanding the Framework, Principles, and Objectives of the IFRS and its Effect on Financial Auditing
- The application of IFRS in Planning and Performing Audits of Financial Statements
- The Identification and Assessment of Risks Related to the Auditing of Financial Statements Prepared in Accordance with IFRS
- The Evaluation of Accounting Policies and Estimates Prepared in Accordance with IFRS
- The Completion of an Audit of Financial Statements in Compliance with the Recognition and Measurement Rules of IFRS, the Presentation Rules of IFRS, and the Disclosure Requirements of IFRS
- The Performance of Substantive Procedures and Analytical Procedures under the IFRS Framework
- The Assessment of Internal Control for Financial Reporting Under IFRS
- The Auditing of Complex Transactions, such as Revenue Recognition, Leasing, Financial Instruments, and Business Combinations
- The Preparation and Review of Working Papers for Audits Based on IFRS
- The Development of an Opinion on Financial Statements Prepared in Accordance with IFRS
- The Understanding of the Role of Professional Judgement and Estimates in the Audit of Financial Statements Prepared under IFRS
- The Interpretation of Disclosures Required by IFRS and the Evaluation of Their Completeness and Accuracy
- The Enhancement of Communication with Management Related to Audit Findings Related to IFRS
- The Enhancement of Professional Competence in International Financial Statement Audits.
Target Audience
This IFRS Financial Audit Training Course is suitable for:
- External auditors working in audit firms and professional practices
- Internal auditors involved in IFRS-based financial reporting reviews
- Finance managers and financial controllers responsible for IFRS compliance
- Accounting professionals preparing or reviewing IFRS financial statements
- Audit managers and senior auditors seeking advanced IFRS audit expertise
- Risk and compliance professionals involved in financial reporting oversight
- Chartered accountants, ACCA, CPA, and CA candidates and members
- Finance executives working in multinational organisations