Financial Auditing Using IFRS; Best Practices

*IFRS Financial Statements:
· Accounting rules and regulations – IFRS and GAAP
· Fundamental concepts of accounting and how they can be abused

*Fundamentals of Financial Auditing
· The role of international standards on Auditing
· The financial audit process end to end- planning, doing, completion and reporting

*Planning an audit of IFRS accounts- the risk based approach
· The audit risk model and how it applies in practice
· Understanding the entity and its environment
· Calculating and using materiality and performance materiality
· Approaches to audit sampling

*Auditing the IFRS Balance sheet –assets
· Key assertions and sources of evidences
· Common problem area- PPE, intangibles, receivables, inventory, cut- off
· How to spot fraud when auditing assets

*Auditing the IFRS Income Statement
· Key audit assertions- the risk to directional testing
· Sources of evidence- transaction tests and tests of control

*Auditing the IFRS balance sheet- liabilities
· Key assertions and sources of evidence
· Common problem areas – payables, provisions, cut-off
· How to spot fraud when auditing liabilities

For Whom:
All Internal Auditors desirous of updating themselves about current trends, new tools, techniques and strategies for the modern Internal Auditors.

1ST BATCH: Tuesday, April 28, 2026 — Friday, May 1, 2026.

2ND BATCH: Tuesday, August 18, 2026 — Friday, August 21, 2026.

3RD BATCH: Tuesday, December 15, 2026 — Friday, December 18, 2026.

The training methodology integrates lectures, interactive discussions, collaborative group exercises, and
illustrative examples. Participants will acquire a blend of theoretical insights and hands-on practical
experience, emphasizing the application of learned techniques. This approach ensures that attendees return
to their professional environments equipped with both the competence and self-assurance to effectively
implement the acquired skills in their responsibilities.