At the Imperial Corporate Training Institute, the IFRS Compliance and Financial Audit Training Course has been developed with thoughtfulness and care for finance practitioners, auditors, and accountants who require a detailed, in-depth understanding of the International Financial Reporting Standards (IFRS) and their application in financial audits. The content of this course will allow participants to have a full grasp of the requirements for international financial reporting and to prepare financial statements in compliance with global standards and in accordance with the principles of audit compliance.
By providing participants with an understanding of the theory surrounding IFRS, along with the practical auditing skills required to perform their roles, the course allows participants to develop the confidence needed to tackle the most challenging issues related to the preparation and auditing of financial statements.
The course has an additional focus on the integration of IFRS into the organisation’s financial reporting process to further enhance the level of audit compliance. Participants will gain knowledge of the processes involved in identifying discrepancies within financial statements and assessing the level of risk associated with the financial statements. Participants will be provided with numerous opportunities to apply their knowledge of the financial reporting requirements of IFRS to actual case studies and real-life situations. At the conclusion of this course, each participant will be capable of conducting a precise financial audit in accordance with international standards.
Objectives
The primary objectives of this training course are;
- Understand IFRS standards and how they are used in the financial reporting process.
- Provide attendees with resources to facilitate compliance with auditing practices within organizations of various size and scope.
- Develop participants’ ability to analyze and interpret financial statements under IFRS requirements, as well as the responsibilities of auditors in ensuring compliance with these standards.
- Through hands-on instruction and case studies, participants will gain knowledge of real-world applications, as well as their abilities to identify and mitigate risks associated with financial reporting.
- Effectively utilize IFRS standards to provide constructive feedback regarding the quality and transparency of financial reports.
Target Audience
- Chartered accountants and finance professionals interested in developing their knowledge of IFRS.
- Internal and external auditors who are tasked with maintaining compliance with the auditing standards.
- Financial analysts, controllers, and reporting managers.
- Accounting professionals who want to enhance or build their knowledge about IFRS standards.
- Risk compliance officers who oversee financial reporting.
- Professionals who are preparing for qualifications to become auditors or move up in the company or the finance industry.