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Evaluating the Credibility of Financial Statements

$
1800.00
Register
2 days | 16 academical hours

Training objectives
Training program Day 1
Training program Day 2

Training objectives

  • To learn how to assess the credibility of reported financial information
  • To understand the importance of high-quality financial reporting for the potential investment decisions and the ability to avoid losses
  • To evaluate the impact of financial reporting quality on the provision of decisionuseful information
  • To learn the tools for assessing the likelihood of misreporting

Training program Day 1

  • The role and users of financial statements  Losses arising from manipulation and misstatement
  • Reasons underlying financial statements distortions  Types and methods of misstatements in financial reports
Responsibility for preventing and detecting financial statement distortions
  • Responsibility by act of law
  • Responsibility of auditors and other intermediaries

Training program Day 2

Approaches to evaluation of financial statements credibility and detection of misstatements
  • Revenue analysis
  • Operating income and expenses analysis
  • Assets analysis
  • Ratio analysis
Application of multifactor models for misstatement detection
  • Working capital accruals model
  • Beneish model Analyzing financial statements notes and other sources of information Additional evidence of potential misstatement