Auditing Leases (IFRS 16)

Don’t miss this opportunity to enhance your skills and stay ahead in the ever-evolving landscape of auditing and accounting. Enrol now for a transformative learning experience.

Overview:

IFRS 16 has been effective for a few years already. However, due to the significant impact of the changes brought in by the accounting standard, auditors and their clients still grapple with the practical implications thereof. Lease agreements must be scrutinised in detail to make a proper assessment of whether they are accounted for correctly. One cannot audit leases and related assets without a proper understanding of the business and relevant accounting framework requirements. It is of utmost importance to understand the basic definition of a lease and other key concepts to be able to interpret potential lease arrangements and determine the correct accounting.

This training will give participants a practical understanding of auditing procedures for leases, IFRS 16 requirements and related documentation.

Content and outline

To explain the following concepts and demonstrate their practical application:

• Planning and risk assessment procedures
• Verification of accounting framework requirements
• IFRS 16: Key definitions and concepts
• IFRS 16: Practical examples
• Common errors and solutions.

Certification

Upon completion of the training, participants will receive a verifiable attendance certificate.