PPT-Accounting & Audit Update

Presented by Mike Lynch Senior Manager SCampH Group Accounting and Audit Update 2 Update on Financial Statements of NotforProfit Entities Project Proposed lease standard Revenue recognition. Monica J. Stern, Certified Public Accountant. What is an audit?. An audit is a . prescribed process. a Certified Public Accountant applies to . your financial statements. in order to provide the . end user. 2. ISA 505 – External confirmations. “. SAICA Handbook” or IFAC . website. ISA . 540 . – . Auditing accounting estimates. “. SAICA Handbook” or IFAC . website. ISA . 520 . – . Analytical procedures. Audit Directives: Overview. Henri Fortin. Head, Centre for Financial Reporting Reform. UPFAA Conference – Kyiv, 17 December 2014. New Accounting Directive . (. 2013/34/EU) . a. dopted. on 26 June 2013. Chapter 11. 2. Learning Objectives. Define fraud as it relates to financial statements.. Identify the main groups of people who commit financial statement fraud.. List the primary reasons people commit financial statement fraud.. Outline of presentation . Commercial Audit Universe ( CPSEs). Challenge I : Companies Act 2013. Brief Background. Government Companies. Additional Responsibilities on/Expectations from Auditors. Challenge II : Transition to IND AS regime. County Governor Forum. May 2016. Neil Ireland, Senior Auditor. Internal Audit approach. Topics to be covered across the year agreed following consultation with key staff within the Children’s Services Department . Presenters. Presenter A. Title . xxxxxx@bdo.com. Presenter B. Title. xxxxxx@bdo.com. . Learning Objectives. Upon completion of this course participants will be able to: . Recognize . impact of recently . Stephanie LaBorde, School Funds Accountant. Claudia Wallace, School Funds Clerk. Audit Evaluation-Purpose. Developed to make audit reporting objective and easier to understand. . Gives school administration & audit committee an easy to understand, objective, and clear idea of the school’s accounting practices.. Presented by. Management Advisory Services. Terry Cook, Sr. AVP for Admin. Svcs.. Sharon Doherty-Ritter, Director. David Sohns, Management Analyst. . Agenda. Welcome/Introductions. “Consequences” Presentation. The construction industry has seen significant changes in the past couple years. Whether you are in public accounting, performing assurance services, or operate in the industry, this guide has the information you need to perform at your best. Considered the construction industry standard resource, this 2019 edition features new accounting information and new auditing considerations, particularly with regards to considerations for FASB ASC 606. This guide is an indispensable reference document packed with information on new requirements and relevant changes to the FASB Accounting Standards Codification.From simple accounting to joint venture creation, this edition takes a deep dive into industry specific auditing procedures. Topics include:Practical tips and industry specific guidance A detailed look at FASB ASU Nos. 2014-09, Revenue from Contracts with Customers, including new auditing considerations An up-to-date look at the details of FASB ASU No. 2016-02, Leases The Benefits of Reading Books The Benefits of Reading Books Skeptical. skills to detect fraud. What is Fraud?. As per Business Dictionary, ‘. Fraud. ’ is an act or course of deception, an intentional concealment, omission, or perversion of truth, to: . (1) Gain unlawful or unfair advantage, . Ifeanyi. . Mba. , Managing Partner, MBA & CO (Chartered Accountants), to 400 Level Accounting Students of Covenant University, . Canaanland. , Ota, . Ogun. State.. dated . January 21, 2015. AUDIT AND ASSURANCE: A PRACTICAL APPROACH.