IFRS Auditing Inquiry
Hello everyone,
I’m looking for a manual on auditing IFRS Accounting standards, particularly IFRS 16. However, I’d be open to examples related to any IFRS standard. Any guidance would be greatly appreciated!
Thank you in advance!
One response
Hello!
While there isn’t a specific manual dedicated solely to auditing IFRS Accounting Standards like IFRS 16, there are several resources and guidelines that can help you understand the auditing process for these standards.
International Standards on Auditing (ISA): These standards are a great starting point as they provide the framework for auditing financial statements prepared in accordance with IFRS.
IFRS 16 Lease Accounting: You can find guidance from the IFRS Foundation and other professional Accounting bodies. The standard itself outlines how to account for leases and what auditors should focus on when assessing compliance.
Guides from Accounting Firms: Many major accounting firms (like Deloitte, PwC, EY, and KPMG) publish their own guides and manuals on auditing specific IFRS standards. These can provide practical examples and case studies related to IFRS 16.
Audit Tools: There are various Audit checklists and tools available that focus on IFRS 16. These usually include key areas to evaluate, such as lease classification, measurement, and disclosures.
Professional Development Courses: Consider enrolling in online courses or webinars that focus on IFRS auditing, which often provide resources and examples that are very useful.
Feel free to ask if you need information on specific areas or further recommendations!
Best of luck with your auditing journey!