Meeting Your Financial Reporting and Auditing Needs

Training - Tailored and Delivered by the Experts

Preparation

Quarterly, half-yearly or annual tailored training and briefings on contemporary financial reporting, auditing and corporate governance developments can be arranged to meet your in-house training and strategic needs.  Training courses and briefings are delivered by the experts: Parker, Dixon, Pound, LeGreca and Sauer. 

Discussions are held with key stakeholders to:

• Understand the business and group training dynamics

• Agree the objectives of the particular course and duration (e.g., two hour, half-day, full day, or extended training)

• Agree the presentation format (e.g., pre-reading material, lecture format, case studies, examples, and precedents)

• Determine the extent and use of specific client sourced information to enhance the relevancy of the training session

• Determine the desirability of sharing the presentation

• Identify particular points of emphasis

• Identify expectations of the training outcome, and

• Prepare proposed course outline.

Contemporary Topics

Contemporary topics and refresher courses can be arranged into training sessions of a duration and cost that meet your individual needs.

Financial Reporting

• Financial Reporting for 30 June 2008

• New Accounting Standards – Financial Instruments Disclosure, and Operating Segments

• Business Combinations and Consolidation Revisions

• Revisions to the public sectors standards AAS 27, AAS 29 and AAS 31

• Amending Accounting Standards and new Interpretations

• Financial Reporting for SMEs and NFPs

• Contemporary Financial Reporting Issues (e.g., ASIC surveillance, Financial Reporting Panel, and Exposure Drafts)

• Corporations Law Developments

• Refresher courses on individual Accounting Standards (e.g., impairment, business combinations, income taxes, financial instruments)

 Auditing

• Auditing for June 2008

• Understanding the New Legally-backed Auditing Standards Regime

• Audit Independence

• ASIC Reviews and CALDB Findings

• New and revised Ethical Standards from APES

• Quality Control Standards and Reports

• New Pronouncements from the AUASB

• Review of Individual Auditing Standards

• Impact of Legally-backed Auditing Standards on Directors and Preparers

Corporate Governance

• Revised ASX Corporate Governance Rules and Findings

• ASIC and APRA Governance Lessons

• International Governance Developments – Lessons for Directors

• Contemporary Issues in Governance

Participants Material

A master copy of participants’ material that may include notes, case studies, checklists, precedents and PowerPoint is made available prior to course. The participants’ material may be placed on your intranet for access by staff.

Executive and Client Briefings

Briefings are a ‘head-up’ on the latest financial reporting, auditing and corporate developments that identify recent developments, key points, opportunities and risks. These briefings can be conducted on bimonthly or quarterly basis, and normally run between 1-2 hours. Notes and PowerPoint support the presentation.

Briefing can be arranged for audit committees, executive management team, and partners and managers of accounting firms. As a client service, a financial reporting seminars can be undertaken.

Our Training Team

Our trainers are acknowledged experts in their fields, as well as experienced presenters. GAAP Consulting trainers are Colin Parker and Jim Dixon. We also drawn our network colleagues: Greg Pound , Stephen LeGreca and David Sauer,
 

Phil Ransom, Partner, RSM Bird Cameron says ‘Thank you for the training session you recently ran for the Partners, Principals and Managers of the RSM Bird Cameron national Audit practice on the new legally backed auditing standards. There is a considerable amount of information to cover. Not only is there a need to understand the differences between the old and new standards, but also there is a need to revisit the details of each of the standards and refresh our understanding.

The format and content of your session generated a great deal of discussion and involvement by all who participated and enabled us to identify, as well as obtain a good understanding of, key focus areas. It also provided a great opportunity to refresh our knowledge across the board in this area. Furthermore, it will enable us to move forward with a broader plan to ensure compliance with these standards across our firm. As usual, your approach to the delivery of the material kept everyone involved and focussed and, with a topic such as auditing standards, that is not such an easy thing to do.

Once again, thank you for providing a highly valuable session’.

Ratings from a recent two-day tailor made intensive course on AIFRS were:

• 95% of participants rated the learning program outcome as excellent or good

• 92% of participants rated the content as excellent or good

• 98% of participants rated the course handouts and materials as excellent or good

• 98% of participants rated the overall standard of the presenter (Colin Parker) as excellent or good, and

• All participants stated that they would recommend such a course to colleague.

Comments made by the course participants included:

• ‘The content was of such a high standard that I could understand and participate’

• ‘Very enjoyable and I learnt a great deal’

• ‘Hard to improve, the use of examples and exercises was very good’, and

• ‘I really enjoyed the delivery style’.

‘IFRS for SMEs’ Comments made by course participants included:

• ‘Has good in-depth knowledge’

• ‘Excellent presenter’, and

• The presenter, Colin Parker, is one of best prepared, deliverers of the subject I have had the pleasure of listening to’.