This IFRS training will provide a complete up to date overview of the materials available from ISACA which are key building a set of comprehensive General IT Controls to meet SOX requirements.
This presentation covers the requirements in IFRS - 1 - First Time Adoption of IFRS. The IFRS pronouncements begin with this standard for the conversion to IFRS from another standard. The session will look at how to approach the creation of an opening balance sheet under IFRS when moving from U.S. GAAP to IFRS. IFRS 1 was published in 2003 and is being used as the basis for the conversions in the U.S. The session will provide guidance on the process and what decisions need to be researched from the accounting prospective.
Areas Covered in the seminar:
- First-Time Adoption of IFRS.
- Key Principles of IFRS.
- Optional Exemptions.
- Mandatory Exceptions.
- First Financial Statements.
- Opening Balance Sheet.
- Accounting Policies Selection.
- Disclosures.
Who will benefit:
’This webinar will provide a complete up to date overview of the materials available from ISACA which are key to building a set of comprehensive General IT Controls to meet SOX requirements. The employees who will benefit include:
- Audit Partners.
- CFO’s and CIO’s.
- Compliance Officers
- Internal Audit Professionals
- External Auditors
Instructor Profile:
John C. Blackshire, Jr. has been working in assisting CPA firms and issuers with SEC and PCAOB compliance issues for years. He has developed and presented numerous speeches and CPE seminars. He has an extensive background with multi-national clients and foreign organizations.
