Today's Private Company Reporting Options-IFRS for SMEs

Description

Private companies have a variety of options when they choose a basis of accounting for reporting their financial results. The International Accounting Standards Board's IFRS for SMEs is one option. Join us in this course as we explore the IASB's structure and the major differences between IFRS for SMEs and U.S. GAAP. If your business has significant foreign operations, this basis of accounting may present real advantages for your company. For a full discussion of other private company reporting options, consider U.S. Based Private Company Reporting Options as an add-on to this course.

Highlights

• The status of accounting's perfect storm for private companies.
• The history of U.S. private company accounting.
• Reporting options for private companies.
• Overview of the International Accounting Standards Board.
• Major differences between IFRS for SMEs and U.S. GAAP.
• 4 cases.

Objectives

• List reasons that employees and others that are internal to an organization choose to undertake fraudulent acts.
• Discuss the types of control measures that work best as entities strive to mitigate fraud risk.
• Recognize specific internal control measures that can help to reduce fraud activities.

Designed For

Accountants and financial professionals.