The International Federation of Accountants (IFAC) is the global organization for the accountancy profession, dedicated to serving the public interest by strengthening the profession and contributing to the development of strong international economies.
🎯 Key points for quick navigation: 00:00 *📊 Understanding Financial Statements and Audits* - Understanding financial statements and disclosures is crucial for making investment decisions. - Financial audits validate the accuracy and fairness of financial statements. - Auditors play a critical role in providing independent assurance on financial statements. 01:28 *🔍 Role and Responsibilities of Auditors* - Auditors examine financial statements to detect material misstatements. - They use sampling, analytics, and adhere to international auditing standards (ISAs). - Auditors must maintain independence and follow ethical codes. 02:57 *🛡️ Importance of Audits and Financial Statements* - Audits ensure reliability of financial reporting and validate internal controls. - They build trust between companies seeking capital and investors. - Independent audits are crucial for maintaining market trust and economic stability. Made with HARPA AI
Sorry to say this, but this is very basic knowledge you can find anywhere now. I was expecting to look at example of accounting processes and what automation could do. Disappointed...
Sorry just to add the only thing i would note is that given that Sustainability Assurance could be carried out by non accountants it would be good in these presentation if you could remember to explain what things are ER guidance are as non accountants are grappling with this for the first time so dont know this!
what is standard for social security / social insurance ? Social Security (SS) is substantially different from Insurance. SS is non profit, no individual contract, State sponsored.
