ISO 9001: Quality Management Auditing in Financial Reporting and IFRS

Course Objectives

• Understand the fundamentals of ISO 9001 and its relevance to quality management in financial reporting.
• Gain insights into auditing processes for ISO 9001 compliance in financial reporting frameworks.
• Learn how to integrate ISO 9001 principles with International Financial Reporting Standards (IFRS).
• Develop practical skills for planning and conducting effective quality management audits in the financial sector.

Course Content

Introduction to ISO 9001 and Quality Management in Financial Reporting

• Overview of ISO 9001 principles and structure
• Importance of quality management in financial reporting
• Introduction to IFRS and its alignment with ISO 9001
• Key quality management challenges in financial reporting

Auditing Principles and Methodologies

• Overview of the auditing process under ISO 9001
• Risk-based thinking and its application in financial audits
• Tools and techniques for planning audits
• Understanding compliance vs. performance audits

Integrating ISO 9001 with IFRS

• Common areas of overlap between ISO 9001 and IFRS
• Leveraging quality management to improve IFRS compliance
• Case studies: Application of ISO 9001 in IFRS reporting
• Handling discrepancies and corrective actions

Conducting Effective Quality Management Audits

• Developing audit plans specific to financial reporting
• Gathering evidence and assessing financial processes
• Reporting audit findings and recommending improvements
• Continuous improvement and follow-up strategies

DATE:
1ST BATCH: 4th – 7th Feb, 2025
2ND BATCH: 8th – 11th July, 2025