Accounting for & Auditing Groups course
Member price: £127.50 + VAT
Non-member price: £150 + VAT
Please note, the ICAS member discount will be applied after checkout.
Edinburgh, 17 November 2016
The preparation of consolidated financial statements is a challenging task for accountants working in professional practice and industry. The related rules are diverse and will change when FRS 102 takes effect for accounting periods commencing on or after 1 January 2015. 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 be based around a practical case study which will highlight all the main problem aspects and identify important changes that will be ushered in when FRS 102 takes effect.
What you will learn
After attending this seminar you will be able to:
- Prepare error free consolidated financial statements which include all relevant disclosures required by accounting standards and company law;
- Appreciate the key changes to consolidation mechanics that will take effect when UK GAAP changes in 2015;
- Understand how the framework for audit applies in medium sized and large groups in the UK; and
- Produce audit files that are ISA 600 compliant.
Who should attend the seminar?
- Staff working in industry and professional firms of accountants who produce and audit consolidated financial statements
The audit content in the seminar is particularly relevant to professional firms of accountants but also provides a useful insight for others about what auditors look for when carrying out their work.
The attendee list for this event is exclusively available to CAs.
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Full speaker list
Our group of presenters have worked across both the private and public sectors within external audit, financial accounting, management accounting and internal audit. They have experience both working in these fields and delivering seminars in the areas of governance, risk, value for money and fraud to managers with a broad range of backgrounds (financial and non-financial).
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Content overview of the course
The seminar will cover the following specific topics:
- Exemptions and exclusions from consolidation – under old GAAP and new GAAP
- The essential mechanics of consolidation
- The treatment of goodwill – key trips and traps and how these will change under FRS 102
- Accounting for group reconstructions
- Accounting for associates, joint ventures and joint arrangements
- The five most common problems when applying ISA 600 and how to resolve them – a file reviewer’s perspective
Tel: 0330 060 3303