Auditing Financial Instruments

Best Practices for Auditing Derivatives, Loans, and Securities

Overview:

Auditors often overlook the importance of auditing financial instruments. Even common balances, such as cash and bank, accounts receivable and accounts payable classify as financial instruments, and their classification, recognition and measurement, in terms of the accounting framework, require appropriate audit procedures. International Financial Reporting Standards (IFRS) has more complex disclosure requirements, which require detailed attention.

This webinar will give participants a practical understanding of key requirements relating to financial instruments, how to apply them during the audit and how to document everything in audit working papers.

Content and outline:

To explain the following concepts and demonstrate their practical application:

• Important principles for auditing financial instruments
• Key requirements from financial reporting frameworks
• Expected credit losses
• Auditing estimates
• Common working paper deficiencies
• Practicing the correct implementation of requirements in audit working papers.

Certification:

Upon completion of this course, participants will receive a verifiable attendance certificate.

Pricing: