The widespread adoption of the International Accounting Standards Board's (IASB) International Financial Reporting Standards (IFRS) around the world has led to the point where auditors have to update their knowledge to be able to express an opinion on IFRS Financial Statement and related internal controls.
Aside knowledge of Auditing standards, auditors will need to apply IFRS knowledge with the auditing standards they are familiar with in obtaining evidence to support Financial Statements assertions.
The various FS assertions will be tested differently under IFRS.
The approach to obtain support evidence for audit assertions will be different from the NGAAP approach.
BVS has the technical skill and capacity to help train your staff in this new development. Having practiced in the Nigerian Arena for many years, we have in depth understanding of auditing in an IFRS environment. We have carried out Assurance services and IFRS advisory services for many companies and we have well experiences trainers who can connect with your staff and impact them with knowledge.