Course Details

The quality of financial statements receives increasing attention from the FRC and professional bodies.  Regulatory scrutiny will only increase as the FRC transforms into the new regulator, the Auditing and Reporting Governance Authority.  This webinar will help accountants to improve the quality of the financial statements which they produce, and avoid some of the most common pitfalls.

 

In this session, Edward Rands will cover the following:

  • Background to the FRC’s review activities;
  • The “top 10” issues identified;
  • Revenue recognition;
  • Statements of Cash Flows;
  • Impairment of assets; and
  • Provisions and contingencies.

 

By attending this session, you will be able to improve the quality of the financial statements you produce, and avoid some of the most common financial reporting pitfalls.

CPD Course Speaker

ECR Professional Ltd

Edward Rands

Edward Rands was for eleven years the Risk and Professional Standards partner at a large independent firm of chartered accountants.

He led the firm’s technical team, which was responsible for maintaining and updating accounting and auditing knowledge, and for dealing with complex problems and queries as they arose.

He was also the founder chairman of the UK technical committee of his firm’s international network, and a contributing author of the network’s commercially published IFRS manual.

He now works as an independent consultant, advising firms on technical and regulatory matters.