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Canada - Standard Practices for Investigative and Forensic Accounting Engagements

  • Accountant
  • CPA (CA)
  • CFE
  • CIA
  • CMA
  • IAP
  • QIAL

Published: September, 2022

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Before starting this self study program, please go through the instructional document.

  • Course Description
  • Course Qualification
  • Presenter
  • FAQ

Course Description

Overview

  • Standard practices vs. Engagement procedure
    4 mins
  • Applicability of standard practices
    20 mins
  • Practitioners unable to continue
    26 mins
  • Reliance on the work or others
    39 mins
  • Engagement quality control reviewer
    62 mins
  • Threats to independence
    84 mins

Course Description

This CPD webinar describes the concepts underlying the application of Standard practices for investigative and forensic accounting (IFA) engagements that have been prepared by the IFA Standards Committee (Committee) of the Alliance for Excellence in Investigative and Forensic Accounting (IFA Alliance) and have been approved by the Board of the IFA Alliance.

These are the minimum standard practices that should be met by all chartered accountants conducting IFA engagements.

IFA practitioners should perform all IFA engagements in accordance with the standards of the chartered accountancy profession, including these IFA standard practices and the chartered accountants' Rules of Professional Conduct established by the Provincial Institutes / Ordre, and any other regulatory and legal requirements that may be applicable.

IFA standard practices are needed to protect the public interest by ensuring consistency to a minimum standard of practice.

IFA standard practices are different from IFA engagement procedures. Standard practices relate to the IFA practitioner's professional skills, the performance of his or her engagement, and the preparation of his or her report. IFA procedures are the specific acts or steps performed by the practitioner to attain his or her objectives in the particular engagement.

This CPD Canadian Accounting webinar course is a resource that will help IFA practitioners in exercising their professional judgment as to the implementation of these rules.

  • Major topics covered in this CPD course:
  • Basic concepts, scope, and applicability of Standard practices for investigative and forensic accounting (IFA) for Canadian organizations. 
  • Planning the approach: An Overview of Standard practices for investigative and forensic accounting (IFA) Public Sector Accounting for Canadian organizations, including policies and decision criteria.
  • Sizing up the impacts of Standard practices for investigative and forensic accounting (IFA) on Canadian organizations: questions you need to ask.
  • Specific rules and unique provisions for Standard practices for investigative and forensic accounting (IFA) for Canadian organizations.
  • Recognition criteria.
  • Disclosure and presentation requirements.
  • Notes to financial statements.

In this CPD Accounting webinar, speaker Mike Morley outlines an easy-to-understand step-by-step procedure for applying Standard practices for investigative and forensic accounting (IFA) and what needs to be carefully considered.

Here is the link to your interests: Accounting & Auditing CPE Courses 

Learning Objectives

  • To discuss the latest information regarding Standard practices for investigative and forensic accounting (IFA) for Canadian organizations.
  • To analyze the overall guidance on Standard practices for investigative and forensic accounting (IFA) for Canadian organizations.
  • To inspect how to apply presentation rules and exceptions.
  • To review the recognition, measurement, and presentation constraints.
  • To explain the disclosure and presentation requirements.
  • To discuss how to write the appropriate Notes.
  • To analyze the unique disclosure and presentation requirements related to Standard practices for investigative and forensic accounting (IFA) for Canadian organizations.

Recommended For

  • This online CPD course is recommended for Canadian CPAs and other accounting professionals who want to understand the step-by-step procedure for applying Standard practices for investigative and forensic accounting (IFA).

Who Should Attend?

  • Auditors
  • Certified Management Accountant (CMA)
  • Certified Public Accountant (CPA)
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • Young CPA

Course Qualification

Webinar Qualifies For

  • 2 General Credit of Accounting for Accountant/Bookkeeper/Tax Professionals
  • 2 CPD Credit of Accounting for Chartered Professional Accountant (CPA Canada)
  • 2 CPE Credit of Accounting for Certified Fraud Examiner (CFE)
  • 2 CPE Credit of Financial Accounting for Certified Internal Auditors (CIA)
  • 2 CPE Credit of Financial Reporting for Certified Management Accountants (CMA)
  • 2 CPE Credit of Accounting for Qualification in Internal Audit Leadership (QIAL)
  • 2 CPE Credit of Accounting for Internal Audit Practitioner (IAP)

Additional details

  • Course Level :
    Basic
  • Credits :
    2
  • Instructional Method :
    QAS Self Study
  • Pre-requisites :
    None
  • Advance Preparation :
    None

Presenter

About Presenter

Michel Morley

Founder, Mike Morley

Mike Morley is a Certified Public Accountant and a recognized authority in the field of finance with more than 25 years experience in finance, including SOX and IFRS implementation.

An entertaining and informative speaker and trainer, Mike is the author of:

“IFRS Simplified” which provides a jump start for accountants and finance executives who want to quickly and easily get up to date on IFRS.

 “Sarbanes-Oxley Simplified” which is an easy-to-read explanation of the requirements of the U.S. legislation that makes CEO's & CFO's personally responsible for the accuracy of their company's financial statements.

“Financial Statement Analysis Simplified” which translates the accounting language of financial statements into clear, easy-to-understand terms that anyone who needs to make well-informed financial decisions quickly will appreciate.

Faq

FAQs content

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