IFRS Workshop – Preparing for Implementation: Corporate Reporting Updates

Introduction

As the global business environment continues to evolve, the importance of International Financial Reporting Standards (IFRS) in ensuring transparency, accountability, and efficiency in financial reporting cannot be overstated. 

Deloitte is pleased to invite you to our workshop where our experts will share key insights into the latest IASB updates and amendments to accounting reporting standards, topical tax compliance requirements, and emerging practices in sustainability reporting.

Course content

The event will cover a range of topics, including the following among others:

• Topical and contemporary issues around IFRS 18 -  Presentation and Disclosure in Financial Statements:
  • Overview of  IFRS 18
  • Key New Presentation & Disclosure Requirements
  • Impact of IFRS 18 on Other Standards
  • First Time Application and Implementation Challenges
  • Illustrative disclosures and presentation examples
• Highlights on IFRS 19 - Subsidiaries without Public Accountability: Disclosures including:
  • Introduction to and Overview of  IFRS 19
  • First Time Application and Implementation Challenges
• Sustainability & Integrated Reporting – Adoption and Implementation of IFRS S1 & IFRS S2 Standards
  • Objective and core principles of IFRS S1 and S2 
  • Effective dates, transition provisions and regulatory requirements (ICPAK, CBK).
  • Roadmap for adoption: key steps and activities for adoption and implementation of IFRS S1-S2
  • Key components and practical aspects of integrated reporting
• Refresher on IFRS 9 – Financial Instruments
  • IFRS 9 Governance and Validation - Consideration for post model adjustments (management overlays)
  • AI & ML In Credit Risk Modelling
  • Modelling digital loans
  • Consideration for Climate Risk in credit risk modelling
• Tax Impact of Corporate Reporting.
  • Digital tax compliance & eTims  
  • Income & Expense validation, 
  • Documentation & Audit trail
• Controls Assurance/Internal Audit
  • Finance in the Age of AI: Strengthening Controls, Data and Decision-Making

Course Objectives

By the end of this session, participants should be able to:

• Gain insights on new standards to be implemented, and their impact on reporting
• Gain a comprehensive understanding of IFRS 18/19/S1-S2, and tools required for their transition to the new reporting requirements
• Understand the accounting and presentation and disclosure requirements under IFRS 18/19/S1/S2
• Refresh their understanding of the reporting and disclosure requirements under IFRS 9
• Gain insights on new standards to be implemented, and their impact on reporting
• Have a view of emerging key tax requirements in the horizon

Course Benefits

• Participants will engage with industry experts on topical issues
• Interaction and engagement with other industry colleagues
• Access to relevant thought leadership
• Certificate of attendance which is eligible for CPD points