Being Auditor

22/06/2024

Dear CA/ACCA Community,

Related parties transactions can pose significant risks to financial statements, making their thorough examination essential for auditors to ensure transparency and accuracy. So let's understand how to address this risk with our audit procedures.

Video Link:

https://youtu.be/VRBlN80vlp4

20/04/2024

Classification Of Loans | Recent Changes In IAS 1 | IFRS/IAS | Being Auditor

20/04/2024

Classification Of Loans | Recent Changes In IAS 1 | IFRS/IAS | Being Auditor

Video Link:
https://youtu.be/LkKDJHdBLMo

23/03/2024

IFRS 18 | New Accounting Standard Explained

Link: https://youtu.be/w74omC7cTd8

23/03/2024

IFRS 18 | New Accounting Standard

23/03/2024

IFRS 18 | New Accounting Standard

Link: https://youtu.be/w74omC7cTd8

10/03/2024

How To Audit Revenue Of Manufacturing Companies | External Audit | Financial Audit | Being Beinng Auditorr

https://youtu.be/GLE5Q4bJ-KQ

IFRS 15 Video Link: https://youtu.be/a8Thjf0pBp0How to perform stock take: https://youtu.be/8SQfoMQYHwoHow to verify opening balances in External Audit: http...

21/10/2023

https://youtu.be/cfO0tfC18P4

Welcome to Being Auditor! In this video, we'll delve into the essential steps for conducting an external audit of short-term prepayments. Auditing prepayments is crucial for ensuring financial accuracy and compliance, making it a must-know skill for auditors, accountants, and finance professionals.

We'll cover the following key points:

Understanding Short-Term Prepayments: Get a clear grasp of what short-term prepayments are and why they matter in financial audits.

Audit Planning: Learn how to plan your audit, including setting objectives and selecting the right audit procedures.

Audit Procedures: We'll walk you through the audit steps, from risk assessment to substantive testing, so you can effectively validate prepayment transactions.

Common Pitfalls: Discover the most common challenges auditors face when dealing with short-term prepayments and how to overcome them.

Reporting: Find out how to present your audit findings accurately and professionally.

Whether you're a student studying auditing or a professional looking to enhance your skills, this video is a valuable resource to help you master the art of external audit for short-term prepayments.

Don't forget to like, subscribe, and hit the notification bell to stay updated with our latest content. If you have any questions or would like to see more auditing topics, feel free to leave them in the comments section. Your feedback is essential to us!

Explore the world of auditing and finance with us as we break down complex topics into easy-to-understand concepts. Thanks for joining us on this educational journey!

Welcome to Being Auditor! In this video, we'll delve into the essential steps for conducting an external audit of short-term prepayments. Auditing prepayment...

22/07/2023

Dear CA/ACCA Fellows,
If you are an accountant of company, you must have an understanding that how should implement the IFRS/IAS in your company that whether you should apply the full IFRS or only those which are applicable in SMEs. Also, if you are auditors, you should have an understanding that whether an audit client shall use full IFRS or that for SMEs.
To get the complete understanding, click on the link provided:

https://youtu.be/Z_TUp2D8nSI

01/07/2023

https://youtu.be/escFDHJLaGs

In this video, we will provide a complete guide to IFRS S1, the International Financial Reporting Standard for General Sustainability-related Disclosures. We...

06/06/2023

https://youtu.be/a8Thjf0pBp0

Welcome to our channel, where we delve into the intricate world of accounting and auditing. In this comprehensive video, we present a thorough guide to understanding and implementing IFRS 15, the internationally recognized standard for revenue recognition with customers.

IFRS 15 has transformed the way companies recognize revenue, bringing about significant changes in the accounting landscape. Whether you're an accounting professional, business owner, or simply intrigued by financial standards, this video is a must-watch for gaining a comprehensive understanding of IFRS 15 and its implications.

Join us as we break down IFRS 15 into digestible concepts and explain its key principles in a practical and engaging manner. From the five-step model for revenue recognition to the intricate details of contract identification, performance obligations, and variable considerations, we leave no stone unturned in demystifying this crucial accounting standard.

Throughout the video, we provide real-world examples and practical scenarios that illustrate how IFRS 15 is applied in different industries. We also address common challenges and complexities that may arise during the implementation process and offer valuable insights to overcome them.

Whether you're a student looking to enhance your knowledge, an accountant seeking to stay up-to-date, or an auditor aiming to sharpen your skills, this video is designed to empower you with the knowledge and confidence needed to navigate the complexities of IFRS 15. Stay ahead of the curve and ensure your financial reporting is in compliance with this influential standard.

Subscribe to our channel and hit the notification bell to receive updates on future videos covering a wide range of accounting and auditing topics. Together, let's unravel the intricacies of the financial world and unlock the secrets of successful revenue recognition under IFRS 15. Get ready to embark on a transformative learning journey today!