- Audit and control - Audit of consolidated financial statements under IFRS and French GAAP. Quality audit. Internal control audit.
- NF consolidation (French GAAP) - French GAAP consolidation
- Financial statements and appendices - Balance sheet, income statement, cash flow statement, statement of changes in equity, ICOs, appendices
- Operational flows and processes -
- Consolidation scope - Consolidation scope - First-time consolidation - Goodwill - Minority interests
- Account quality - Justifying and assessing account quality
Understanding and implementing
Target audience
- Consolidators
- Chartered accountants, statutory auditors
- Finance, consolidation and accounting managers
2 day
Consolidated accounts audit training
Prerequisites
No prior knowledge is required.
Objectives
◗ Assess the reliability of the process for preparing the consolidated financial statements and the completeness of the information required under IFRS and French GAAP.
◗ Implement key controls to ensure that consolidation operations are carried out correctly and to detect any anomalies.
◗ Analyze the impact of changes in the scope of consolidation
Training program
◗ Familiarize yourself with the general framework for auditing consolidated financial statements
- French and European regulatory framework and professional practice standards
- Preliminary risk analysis
- Assessment of consolidation organization model and key processes
◗ Controlling the consolidation process
- Validate the scope of consolidation
- Control the impact of restatements and eliminations
- Rationalize tax calculations (current and deferred) using tax proofs
✔ ASSESS | Interactive quizzes
✔ APPLY | Case study: perimeter analysis - Accounting for restatements - Analysis of a deferred tax asset - Detecting errors in a tax proof.
Analysis of a deferred tax asset - Detecting errors in a tax proof
◗ Validate the cash flow statement
- Classification as cash and cash equivalents
- Detailed review using the indirect method
- Link with the cash flow balance sheet
✔ UNDERSTAND | Review of published TFTs
✔ APPLY | Illustration of a TFT based on a flow balance sheet
◗ Review the statement of changes in equity
- Stages in the closing of shareholders' equity
- The statement of changes in shareholders' equity as a tool for controlling consolidation adjustments
consolidation adjustments
✔ APPLIQUER | Case study: auditing changes in shareholders' equity -
The seven errors game
◗ Specific due diligence in the context of an acquisition or disposal
- Acquisition of control: determining, allocating and monitoring goodwill
- Validation of the consolidation treatment of other changes in the scope of consolidation
(equity affiliates, step acquisitions, disposals)
✔ UNDERSTANDING | French standards/IFRS comparison
✔ APPLY | Case study: the approach to an acquisition
✔ APPLY | Case study: review of impairment tests
◗ Certification of consolidated financial statements
Presentation of the consolidated financial statements - Main differences between
IFRS standards
- Review of post-closing events
Why choose this course?
This training course reviews the audit techniques required to validate the transition from parent company to consolidated financial statements in compliance with IFRS and ANC regulation 2020-01. It suggests ways of assessing internal control and performing the appropriate substantive tests.
Teaching and assessment methods
Before : self-assessment quiz
During the session: each point covered is accompanied by practical examples and published financial statements. Practical case studies (including accounting diagrams), interactive quizzes and discussions during the session ensure that knowledge is acquired.
Afterwards: documentation.
The trainer is available to answer any questions relating to the training.
General training | FinHarmony Conseil & Formation
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Price
2,250 EXCL. TAX
Testimonials
consolidated financial statements audit training
consolidated financial statements audit training
consolidated financial statements audit training
Jonathan C.
Company
Training