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International Accounting Standards

by Golden Masters for Training & Consultancy

International Accounting Standards are definitive. These are the rules and guidance that all accountants must follow and thus all investors and business managers understand. This seminar explains in a meaningful and practical way what the St

AED 17000

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img Duration

5 days

Course Details

Course Description 

International Accounting Standards are definitive. These are the rules and guidance that all accountants must follow and thus all investors and business managers understand. This seminar explains in a meaningful and practical way what the Standards mean and how they should be applied. 

This includes:

The authority of the Standards

Understanding the Standards - the principles and detail

Applying the Standards in practice 

The future of Standards - the problems to be addressed

Course Objective 

- Understand the need for consistent high standards

- Be aware of international practice development 

- Improve audit planning 

- Know why standards exist 

- Understand the logic behind standards 

- Understand what the "jargon" means 

- Learn how to apply the standards 

- Be able to identify cases of non-application
 
- Improve report writing 

- How to conclude the audit 

Course Certificate 

Masters Consultant certificate will be issued to all attendees completing minimum of
 75% of the total tuition hours of the course.
 
 
Course Description 

International Accounting Standards are definitive. These are the rules and guidance that all accountants must follow and thus all investors and business managers understand. This - seminar explains in a meaningful and practical way what the Standards mean and how they - should be applied. 

This includes:

- The authority of the Standards

- Understanding the Standards - the principles and detail

- Applying the Standards in practice 

- The future of Standards - the problems to be addressed


Course Objective 

- Understand the need for consistent high standards

- Be aware of international practice development 

- Improve audit planning 

- Know why standards exist 

- Understand the logic behind standards 

- Understand what the "jargon" means 

- Learn how to apply the standards 

- Be able to identify cases of non-application 

- Improve report writing
 
- How to conclude the audit 


Course Certificate 

Masters Consultant certificate will be issued to all attendees completing minimum of
 75% of the total tuition hours of the course.


Who Should attend? 

Partners, managers and staff of accounting firms
Directors, managers and staff in internal audit departments 
If you are at all involved in the audit process then you need to be aware of what is best practice. This applies to the partner/director leading and signing off the audit right through to junior staff who need to appreciate the detailed work needed to arrive at a reliable audit opinion

Course Outline 

Introduction

- Assurance Engagements

- Framework of ISAs

- Objective and General Principles Governing an Audit of Financial Statements

- Terms of Audit Engagements

- Quality Control for Audit Work

Documentation and audit files

- Documentation

- The Auditor's Responsibility to Consider Fraud and Error in an Audit of Financial Statements
- Fraud and Error

- Consideration of Laws and Regulations in an Audit of Financial Statements

- Communications of Audit Matters with Those Charged with Governance

- Management Representations

- Using the Work of another Auditor

- Considering the Work of Internal Auditing

- Using the Work of an Expert

Audit Planning

- Planning

- Knowledge of the Business

- Audit Materiality

- Risk Assessments and Internal Control

- Auditing in a Computer Information Systems Environment

- Audit Considerations Relating to Entities Using Service Organizations

Audit Evidence

- Audit Evidence

- Audit Evidence-Additional Considerations for Specific Item

- External Confirmations

- Initial Engagements - Opening Balances

- Analytical Procedures

- Audit Sampling and other Selective Testing Procedures

- Audit of Accounting Estimates

Audit Completion and Disclosure Issues

- Related Parties

- Subsequent Events

- Going Concerns

- The Auditor's Report on Financial Statements

- Comparatives

- Other information in documents containing Audited Financial statements

Masters Training Company was established in response to the growing need for quality training to support the business community within your Company, Department or Organization by providing a high standard of Training Programs, Courses, Seminars, Workshops and Consultancy Services to employees in a very competitive business environment. 

 
Following the latest trends and ideas in Technology and Management techniques, and with its in-depth knowledge of the business environment, Masters Training Company is able to meet the special requirements of both local and international business throughout the Middle East. Masters Training & Consulting is an independent multinational firm with more than 25 years of experience in helping regional organizations develop their human capital in all fields of management. 
 
Since 1990, we have been entrusted by our clients to provide the most reliable training and consulting products and services in the region. Our innovative and diversified range of training programs and consulting services are designed and delivered by an ever-growing team of full time multilingual consultants experienced in providing solutions relevant to this part of the world and applicable to today’s business challenges.
 
We pride ourselves on our track record in this regard and on our long-standing relationships with our clients, many of whom have been with us since we started business. 
 
 
Our public training programs have attracted more than 300,000 participants from almost 3,000 organizations many of whom also entrust us with their needs for bespoke in-company programs. Our client base is steadily growing and so is our commitment to remain the regional leaders in the fields of training and consulting.

Masters is also an approved vendor from KHDA & ILM

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  • Sheikh Zayed Road Branch

    Kherbash Tower, Office # 1803 & 1804, Sheikh Zayed Road, Dubai

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