Maintaining Working Papers November 2024
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CPD
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The objective of the webinar is to help CIBA members understand the importance of well-maintained working papers in supporting financial statements and ensuring compliance. It will cover essential components, best practices, and practical strategies to enhance the accuracy and reliability of documentation in accounting processes. Nov 2024
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Product Information
What you will learn
- Importance of Working Papers: Why maintaining thorough and accurate working papers is crucial for supporting financial statements and ensuring compliance with accounting standards.
- Key Components: What essential elements must be included in well-organized working papers, including documentation of transactions, calculations, and analysis.
- Best Practices: Practical tips for organizing, reviewing, and storing working papers efficiently.
- Compliance and Standards: How to ensure that working papers meet professional and regulatory requirements.
- Defensibility: How well-maintained working papers help protect the integrity of financial reports during audits, reviews, and investigations.
- Practical Tools: Useful tools and techniques to streamline the preparation and management of working papers.
Description
Information
Date: 13 November 2024, WednesdayTime: 15:00 – 16:00
Format: Online Live Streamed event
Recording: Loaded to your CIBA Academy profile
Price
This event is free to attendContent
The webinar will cover the following topics:
- Welcome and Introduction
- Overview of the session objectives
- Importance of maintaining effective working papers
- Understanding Working Papers
- Definition and purpose of working papers in accounting and auditing
- The role of working papers in supporting financial statements
- Key Components of Working Papers
- Essential elements of well-organized working papers
- Documentation of transactions, calculations, and analysis
- Best Practices for Maintaining Working Papers
- Tips for efficient organization, review, and storage
- Ensuring accuracy and consistency in documentation
- Compliance and Standards
- How to ensure working papers meet professional and regulatory requirements
- The importance of defensibility during audits and reviews
- Practical Tools and Techniques
- Tools to streamline preparation and management of working papers
- Real-world examples and case studies
- Q&A and Wrap-Up
- Open forum for questions and discussion
- Final thoughts and key takeaways
Certificate
The following CPD is awarded 2 Units Financial Reporting.
Requirements
There are no preconditions for this course.
Moderate level.
Recorded webinar made available on a specified date.
Presenter
Leana van der Merwe Leana van der Merwe is a Chartered Accountant and Registered Auditor with over 18 years of experience in business accounting, auditing, and corporate governance. She has held key leadership roles throughout her career, including as an Audit Director at RSM South Africa and as a Technical and Standards Executive within the professional body space at SAIPA. At RSM, Leana played a crucial role in driving audit excellence and managing international engagements across various sectors, while at SAIPA, she was instrumental in guiding over 14,000 members through complex regulatory environments and leading significant industry initiatives. Leana’s expertise extends to her active participation in several prestigious committees, such as the PAFA Technical Advisory Group, the IFAC Anti-Money Laundering Committee, and the IFRS Foundation’s SME Implementation Group, where she has significantly influenced legislative commentary and stakeholder engagement on both local and international stages. Currently, Leana serves as an Independent Contractor, engaged by the Chartered Institute of Business Accountants (CIBA) in their Technical, Education, and Professional Development units. In this role, she continues to drive innovation and excellence, providing critical support and insights to professionals in the accounting sector. Leana is a sought-after speaker and thought leader, recognized for her strategic vision, transformative leadership, and commitment to advancing the profession.
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