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IFRS

Become a certified expert in

Assessing & Auditing IFRS 9

Tailored for Risk & Audit Teams

Over the years, we have been approached by different types of people, including Auditors, Risk Modellers and Business Analysts, regarding how International Accounting Standards function.

The interest of these specific groups of staff is unique in that they are often not performing the reporting service. Still, they are required to assess how effective their firm's reporting solution is or how IFRS can be integrated with other business functions to improve business value.

In line with these unique interests, we have developed a special masterclass for Auditors & Risk Managers that will give them insight into assessing IFRS reporting capabilities against global regulatory reporting standards.

IFRS

IFRS Integrated Risks, Processes, Controls

IFRS

IFRS Reports, Models & Governance Policy Systems

IFRS

Reporting Systems, Regulation & Best Practices

You will become a Certified IFRS Auditor with the London School of Business and Finance IFRSA.clp certificate and you will master the skills needed to perform outstanding audits of your finance department in respects to assessing its capability to meet international accounting standards.

Detailed Sessions

1 The IFRS Foundation

Auditors will learn about the IFRS accounting rules & the capabilities that their organisations need to have in place to be compliant with these accounting standards.

4 Extended IFRS 7 & 13

Gain insight into how IFRS 9 works with other standards, including IFRS 7 and IFRS 13 of Fair Value measurement. Many auditors and even finance teams fail to recognise that success in financial reporting under IFRS 9 is predicated on the capability of the accounting team to meet and integrate a complete set of reporting standards.

7 IFRS 9 Audit Plan

Develop a comprehensive audit plan for your IFRS 9 reporting solution. This audit plan will include a definitional scope, activity set and a complete definitional universe that will guide auditors on the task of assessing their firm's financial reporting capabilities.

10 IFRS & Provisioning

Some companies are using IFRS 9 to assist with financial provision efforts. This is either done for regulatory purposes or other reasons and in this session auditors will gain insight into how Risk Provision under IFRS 9 operate.

2 IFRS 9 Maturity Model

IFRS 9 has different levels of implementation, and some accounting departments will be turning on unique features of their reporting framework across a road map that is in line with how regulations impact them. Given this, various reporting maturity models have emerged.

You will learn about these different levels of maturity and their various implications.

5 Scenario-Based Case Study

Explore the types of contextual reporting situations that can cause IFRS 9 reporting challenges. It is important for auditors to appreciate what can and does go wrong with reporting systems, and in this way, auditors will be able to identify whether their existing IFRS 9 reporting solution is healthy.

8 IFRS 9 Audit Check List

Review a complete check-list and a set of scripts that will aid auditors evidence their financial reporting audits. All this information, case studies and the readings are provided to attendees on a portal with lifetime access.

11 IFRS 9 Risk-Based Audit

Many auditors have adopted Risk-Based Audit approaches in their daily work, and in this session you will learn how to not only apply RBA efforts to an IFRS 9 audit but also how to use IFRS-9 reporting to support Risk-Based audit work you are doing elsewhere.

3 Decode IFRS 9

Completely Decode IFRS 9 by understanding what it is attempting to achieve with impairment recognition and the new recommendations for classifying + measuring financial assets.Real-life examples are given to help with the appreciation of what is required.

6 Best Practice Reporting

Review a Best Practice reporting system, the policy, data, software, reports and governance model. IFRS 9 goes beyond the report !!! Additionally, understand how IFRS 9 is integrated and harmonised with other risk management functions in the business.

9 IFRS Reporting Systems

Learn about the different types of reporting solutions, software systems that finance departments are using to fulfil this reporting standard's requirements. What should be available as a minimum capability model and how auditors assess this capability is discussed.

12 Success & Fail Factors

Summary of Success & Fail factors that lead to an effective IFRS-9 reporting solution, how to identify these factors and how to write them up in your audit report is demonstrated with examples.

OUR RISK EXPERT FOR THIS SESSION

Martin Davies

Martin Davies

SME for Risk & Banking Systems

Martin is a risk framework architect who designs risk measurement systems for auditors and risk managers working in trading firms, energy houses, manufacturing companies, and financial institutions. He has more than twenty years of experience developing bespoke risk reporting and scorecard assessment solutions with a particular focus on operational audit, IT, finance and the transactional aspects of a business.

Dr. Edward Bodmer

Dr. Edward Bodmer

Finance Professor

Mr. Bodmer provides financial and economic consulting services to a variety of clients, he teaches professional development courses in an assortment of modeling topics (project finance, M&A, and energy). Many of the unique analytical concepts and modeling techniques he has developed have arisen from discussion with participants in his courses. Professor Bodmer has taught customized courses for MIT’s Sloan Business School, Bank Paribas, Shell Oil, Society General, General Electric, HSBC, GDF Suez, Citibank, CIMB, Lindlakers, HSBC, Saudi Aramco and many other energy and industrial clients

Djordje Damnjanovic

Djordje

your account manager

Experienced Development Consultant with a demonstrated history of working in the banking, healthcare, construction and Oil & Gas industry.

PERSONALISED DELIVERY

Certified IFRSA Inhouse availability

IFRS

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