Financial statements are normally not finalised until a period of time has elapsed between the year-end date and the date on which the financial statements are issued. Attention must be paid to events that occur between the reporting date and the date on which the financial statements are expected to be authorised for issue.
IAS 10, Events after the Reporting Period stipulates the accounting and disclosure requirements concerning transactions and events that occur between the reporting date and the expected date of approval of the financial statements.
This seminar will focus on the requirements of IAS 10, Events after the Reporting Period. In particular, the seminar will delve into the distinction between ‘adjusting’ and ‘non-adjusting’ events through practical examples.
ISA 560, Subsequent Events outlines the auditor’s responsibilities in relation to subsequent events. This seminar will focus, through practical examples, on the audit procedures that the auditor may design to obtain sufficient appropriate audit evidence to give reasonable assurance that all events up to the expected date of the auditor’s report have been identified, properly accounted for and disclosed in the financial statements.
The training course is specifically targeted for accountants and auditors, as well as students who are pursuing or intend to pursue a career generally in accounting and auditing.
This workshop will cover:
- Definition of events after the reporting period; and
- The responsibilities of the auditor in relation to subsequent events.
Friday 24th April 2020
8:45 – 09:00 – Registration
9:00 – 10:30 – Part 1
10:30 – 10:45 – Coffee Break
10:45 – 12.15 – Part 2
3 core hours