Why Should You Attend:The switchover from GAAP to IFRS is causing some concern on the part of accountants. They can see where having to make so many judgment decisions opens up the potential for fraud. There can be subtle pressure to use this discretionary power to fudge the numbers a little bit.
ComplianceOnline brings to you a full day virtual webinar session which will help you understand the IFRS basics and the risk areas and how to recognize the opportunities for fraud and develop strategies to deal with it. Whether you will be involved in preparing IFRS financial statements or analyzing those statements, come to this class to discover where the high-risk areas are and what you can do about them.
Learning Objectives:Within only one day, attendees will
- Understand the basics of International Financial Reporting Standards.
- Understand the big risk areas of IFRS.
- Recognize opportunities for fraud in IFRS.
- Develop strategies and policies for dealing with fraud in IFRS.
- Practice with practical examples.
Exercises, Examples and Interactive Discussion:Practical examples, case studies and exercises will be dispersed into and between the presentations. About 50% of the time will be dedicated to discussions and practical sessions. Interactive discussions will follow short practical cases. The results will be discussed and conclusions will be documented by the presenter.
At the end of each module participants can ask verbal questions through the audio line. Written questions can be submitted at any time.
Duration:6 hours of instruction, exercises and discussions, one hour lunch, 15 min breaks as they fit into the schedule
Agenda (all in EST):10.00-11:00 - IFRS Overview
11:00-12:00 - IFRS risk areas
12.00-01.00 - Lunch Breakbr
01:00-02:00 - The Fraud Triangle and Fraud cases: analysis and evaluation
02:30-03:30 - Seeing the Red Flags
03:30-04.45 - Real Life IFRS public company examples
04:45-05:00 - Wrap-up and final discussionWho Will Benefit:The following individuals or disciplines will benefit from attending this Webinar:
- Senior executives of Publicly Accountable Enterprises
- Finance, Accounting Unit Vice Presidents, Directors and Managers
- Internal auditors
- Regulatory and Compliance Management
- Consultants
- External Auditors
