IFRS AUDITING

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1. Hello,

   Yes, there are several resources available for auditing IFRS standards, including IFRS 16, which deals with lease Accounting. While there may not be a single comprehensive manual specifically for auditing IFRS 16, you can find guidance in various Audit and Accounting frameworks. Here are some recommendations:

   1. IFRS Foundation Publications: The IFRS Foundation provides resources, implementation guidance, and educational materials that can be very helpful in understanding the standard.

   2. Audit Guides from Major Firms: Many big auditing firms (like Deloitte, PwC, KPMG, and EY) have published detailed Audit guides and manuals that explain how to audit IFRS standards, including IFRS 16. These guides often include examples, checklists, and best practices.

   3. International Auditing and Assurance Standards Board (IAASB): The IAASB has issued auditing standards that can help you understand how to approach the audit of financial statements prepared under IFRS, including standards specific to leases.

   4. Textbooks and Online Courses: There are also textbooks that cover IFRS auditing in detail, and online platforms like Coursera or LinkedIn Learning may offer courses focusing on IFRS and auditing practices.

   5. Consulting with Accounting Professionals: Engaging with professionals or firms that specialize in IFRS can provide tailored guidance and practical insights.

   For an example, you might want to look at the following aspects of IFRS 16 during an audit:

   • Verify the recognition of leases on the balance sheet as assets and liabilities.
   • Review the lease agreements to determine the correct classification and measurement.
   • Assess lease payments and the discount rates used in calculations.
   • Validate the accuracy of the lease term and any extension or termination options.

   Feel free to reach out if you have more specific questions!

   Best regards.

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