Accounting for and auditing groups
Member price: £144.50 + VAT
Non-member price: £170 + VAT
Online Live, 18 May 2021
Glasgow, 1 July 2021
Edinburgh, 17 November 2021
The preparation of consolidated financial statements is a challenging task for accountants working in professional practice and industry. The single entity concept shall be applied, following the accounting and disclosure requirements within UK GAAP. The audit of groups is governed by ISA 600, a standard which regulators tell us is often misunderstood and poorly executed.
This half-day seminar will cover the basic accounting treatment for preparing consolidated financial statements, including goodwill. Followed by applying a practical approach to auditing group financial statements in accordance with ISA 600.
What you will learn
- An understanding of the basic accounting treatment for preparing consolidated financial statements, including accounting for goodwill, applying the single entity concept and group reconstructions
- A practical step by step approach of auditing groups, including identifying and working with component auditors, calculating materiality, auditing the consolidation and following completeness procedures
Who should attend the seminar?
- Partners, managers and staff in audit firms who are involved in group audits and require a refresher/update on groups.
- Accountancy professionals involved in the preparation of consolidated financial statements and requiring a refresher on the basic principles of preparing consolidated accounts.
BPP | Tel: 0330 060 3303 | Email: firstname.lastname@example.org