Course Overview
Public accountants and auditors play a crucial role in maintaining public trust in financial markets by providing transparency and accountability. As businesses and financial transactions grow increasingly complex, the demand for advanced skills in handling sophisticated accounting issues, performing rigorous audits, and navigating evolving regulatory landscapes has never been higher.
As businesses and financial transactions grow increasingly complex, the demand for advanced skills in handling sophisticated accounting issues, performing rigorous audits, and navigating evolving regulatory landscapes has never been higher.
This course aims to bridge the knowledge gap by focusing on advanced topics such as complex financial reporting, forensic accounting, ethical standards, and the integration of technology in auditing. The course covers advanced topics in financial accounting, auditing techniques, ethical considerations, and the application of technology in auditing.
Course Duration
5 Days
Who Should Attend
- Senior accountants and auditors in the public sector
- Financial managers and controllers
- Audit supervisors and managers
- Compliance officers and internal auditors
- Professionals involved in public financial management
- Individuals preparing for senior roles in public accounting and auditing
Course Objectives
By the end of this course, participants will be able to
- Apply advanced principles and techniques in public accounting and auditing.
- Understand and implement complex financial reporting requirements.
- Evaluate and enhance internal control systems.
- Conduct comprehensive audits in accordance with international standards.
- Utilize advanced auditing tools and technologies.
- Ensure compliance with relevant laws and regulations.
- Analyze and interpret financial statements and audit reports.
- Develop strategies to address and mitigate audit risks.
Course Outline:
Overview of Advanced Public Accounting
- Definition and Scope
- Role and Responsibilities of Public Accountants
- Review of Fundamental Accounting Principles
- Introduction to Regulatory Frameworks and Standards
- IFRS, GAAP, and PCAOB
Complex Financial Reporting
- Advanced Financial Statement Preparation
- Consolidated Financial Statements
- Segment Reporting
- Accounting for Special Transactions
- Mergers and Acquisitions
- Foreign Currency Transactions
- Revenue Recognition and Leases
Advanced Auditing Techniques
- Audit Planning and Risk Assessment
- Understanding the Client’s Business
- Identifying and Assessing Risks
- Internal Control Evaluation
- Testing Internal Controls
- Substantive Testing Strategies
Audit Evidence and Documentation
- Gathering and Evaluating Audit Evidence
- Techniques for Collecting Evidence
- Quality and Reliability of Evidence
- Audit Documentation Standards
- Importance of Documentation
- Best Practices for Documentation
Fraud Detection and Forensic Accounting
- Understanding Fraud and its Implications
- Types of Fraud
- Red Flags and Risk Factors
- Forensic Accounting Techniques
- Investigative Methods
- Legal Considerations in Fraud Investigations
- Case Studies on Fraud Detection
Ethical Considerations in Public Accounting
- Professional Ethics and Independence
- Code of Ethics for Accountants
- Maintaining Independence
- Ethical Decision-Making Frameworks
- Analyzing Ethical Dilemmas
- Regulatory Requirements and Compliance
Technology in Auditing
- Use of Data Analytics in Auditing
- Introduction to Data Analytics Tools
- Application of Data Analytics in Audit Procedures
- Emerging Technologies in Auditing
- Blockchain
- Artificial Intelligence and Machine Learning
- Cybersecurity Considerations for Auditors
Recent Developments in Accounting Standards
- Updates on IFRS and GAAP
- Implications for Practice
- Globalization and its impact on Public Accounting
- Sustainability Reporting
- Integrated Reporting
Customized Training
This training can be tailored to your institution needs and delivered at a location of your choice upon request.
Requirements
Participants need to be proficient in English.
Training Fee
The fee covers tuition, training materials, refreshments, lunch, and study visits. Participants are responsible for their own travel, visa, insurance, and personal expenses.
Certification
A certificate from Ideal Workplace Solutions is awarded upon successful completion.
Accommodation
Accommodation can be arranged upon request. Contact via email for reservations.
Payment
Payment should be made before the training starts, with proof of payment sent to outreach@idealworkplacesolutions.org.
For further inquiries, please contact us on details below:
