Available Course
Performing a Compilation Engagement based on Draftworx
>> Click here to book this training as an In-House course <<
| Duration: | 1 Day |
| CPD Hours: | Attendance at this seminar will secure 6.5 hour/s verifiable CPD points including other professional bodies (SAICA, SAIBA, ACCA, IACSA, IRBA & etc) |
| Course Facilitator: |
Tristan White
T: 0118861395 E: nerissa@probetatraining.co.za |
| Back | |
A successful compilation of a set of financial statements hinges on the following:
- Understanding the financial reporting framework requirements, e.g., IFRS for SMEs
- Knowing what supporting documents and schedules to request from a client
- Being comfortable with the compilation software utilised
Our goal is to help introduce you to Draftworx’ compilation software template, show you how to import a trial balance and pass adjustments to update it for the financial reporting framework requirements based on IFRS for SMEs, and ultimately to turn it into a PDF document that you can hand to your clients.
We will discuss who can compile a set of financial statements.
We will explain the key elements of the international standards ISRS 4410 used when performing a compilation engagement.
Documents relating to each phase of the audit: planning, execution and completion, will be discussed.
A compilation exercise will be performed by the presenter and attendees, including importing trial balance, linking, passing journals and editing the annual financial statements.
Audit mangers
Audit partners
Engagement Quality Control Reviewers
Auditors
Financial Accountants
Delegates must bring their own computers with Microsoft office 2016 loaded.
Draftworx must be loaded and fully licensed.
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