PDF-CFO Fundamentals: Your Quick Guide to Internal Controls Financial Reporting IFRS Web 2.0

The Benefits of Reading Books. The Guide explains what public company ICFR is and describes managements responsibility for implementing effective ICFR The Guide also discusses the responsibilities of the audit committee to oversee ICFR and of the independent auditor to audit the CA ANAND PRAKASH JANGID. Agenda. Check in. Financial Reporting & Regulation. Understanding Internal Control. IS Controls & Internal controls. Summary. 3. What is common among them????. Financial Reporting & Regulation. Risk Assessment. Presented By: . Donna Denker, CPA. Donna Denker & Associates. Definition of Fraud. Per SAS 99 – (2002) – “An intentional act that results in material misstatement to the financial statements that are subject to an audit.”. 1. 4 April 2016. Take control. Add value. Contents. © 2015 Deloitte Touche Tohmatsu India Private Limited. Understanding regulations. 1. Focusing on business value; not compliance. 2. Getting Audit ready. UNDERSTANDING AND IMPLEMENTATION STEPS. Presentation on Internal Financial Control (IFC). UNDERSTANDING OF INTERNAL FINANCIAL CONTROL. “Internal Financial Controls . over financial reporting” . mean…. The Benefits of Reading Books The Benefits of Reading Books The Benefits of Reading Books The Benefits of Reading Books The Benefits of Reading Books Chapter 6. Developing IFRS Standards. IFRS Foundation. Oversees IASB.. Independent body 22 trustees.. Mix of trustees reflects geographical spread of world’s capital markets.. Raises funds for standard setting process.. UNIT 13: FINANCIAL REPORTING. UNIT 13: FINANCIAL REPORTING. Learning Outcome . 3.Evaluate financial reporting standards and theoretical models and . concepts. 1. Analyse the context and purpose of financial reporting.. n. a. n. cial. . R. e. p. o. rting. . S. t. a. n. d. a. rds. (. I. F. R. S. ). S. u. b. :. . F. i. n. a. n. c. ial. . R. e. p. o. r. ting. . a. n. d. . A. n. a. l. y. sis. C. o. u. r. s. e. . :. A Suggested Approach for Companies. Overview. This presentation describes:. Financial statement risks. Reasons for identifying risks. Examples and sources of risks. Internal control components, control objectives, and key controls.