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 Integrated Risks, Processes, Controls
IFRS Reports, Models & Governance Policy Systems
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.
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
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
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
your account manager
Experienced Development Consultant with a demonstrated history of working in the banking, healthcare, construction and Oil & Gas industry.