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Accounting and Auditing for Estimates (ROI/NI)

Summary

Accounting for and auditing estimates can be complex and challenging. The documentation and back up analysis required is ever increasing, particularly in the current economic environment.

During this course you will be provided with practical guidance and tips in navigating through the technicalities in accordance with FRS 102/IFRS’s and also ISA (Ireland) 540 (Revised December 2018) Auditing Accounting Estimates and Related Disclosures effective for all financial statements for periods commencing on or after 15 December 2019.

First name	Last name
Brian	Murphy

Description

Product type:

CPD course

Category:

Financial reporting

Format

This course will be delivered via Zoom on Tuesday 25 May 2021 from 9.30am to 12.30pm. The Zoom link will be emailed to participants the day before the course is due to take place.

Who should attend

Auditors/Practicing accountants with clients preparing audited or audit exempt financial statements in accordance with FRS 102/IFRS; and
Finance Directors, financial controllers and accountants involved in the selection of, calculation of or interpretation of accounting estimates.

Course overview

This course will encompass but is not limited to the accounting and auditing of the following common estimates:

Impairments of tangible and intangible assets
Trade receivables allowances and provisions/Credit losses
Inventory provisions
Pension and post retirement obligations
Depreciation considerations
Provisions/Contingent liabilities
Warranty estimates
Going concern assessments

Key learning outcomes

Account for and audit estimates in line with the requirements of FRS 102/IFRS’s and also ISA (Ireland) 540 (Revised December 2018) Auditing Accounting Estimates and Related Disclosures.

Speaker

Brian has over 15 years of experience providing audit and advisory services to a wide range of business sectors, with his portfolio consisting primarily of large privately owned businesses, both family and private equity backed. Brian lectures extensively on a range of topics including audit, financial reporting and finance on behalf of Chartered Accountants Ireland. He is past Chair of Chartered Accountants Ireland’s Leinster Society and is the current Chair of CA Support.