IFRS AUDITING

One response

1. Hello!

   While there isn’t a comprehensive manual dedicated solely to auditing IFRS standards, including IFRS 16 (Leases), there are several resources and guides that can be very helpful. Here are a few suggestions:

   1. International Auditing and Assurance Standards Board (IAASB): Check their website for guidance on auditing financial statements that comply with IFRS. They often provide resources on specific standards.

   2. IFRS Foundation: They publish the official IFRS standards along with illustrative examples that can be very useful for understanding the application of IFRS 16 in auditing.

   3. Accounting Firms’ Publications: Major Accounting firms (like Deloitte, PwC, EY, and KPMG) often release guides and manuals that outline the auditing process for specific IFRS standards. These publications usually include practical examples and checklists which could serve as a great starting point.

   4. Training Manuals or Workshops: Many professional organizations offer courses and workshops that focus on auditing IFRS standards, including practical examples.

   5. Online Research: Websites and forums dedicated to Accounting and auditing often have resources or discussions about IFRS 16 and auditing practices. You may find case studies or examples shared by fellow accountants.

   If you’re looking for a specific example related to IFRS 16, it typically involves reviewing lease agreements to ensure proper recognition, measurement, and disclosure of lease liabilities and right-of-use assets in the financial statements. You can also look into how to assess the lessee’s assessments and judgments, such as lease term and discount rates.

   If you have any other specific questions or need further assistance, feel free to ask!

   Best,
   [Your Name]

   Log in to Reply