IAS, IFRS and Role of Auditor

ausmanpk2001 · 08-24-2009, 04:41 AM

I'm working with an audit firm. I am asked question by a foreign employer about my exposure to IFRS & IAS. I'm not exactly sure what to answer. Attached with this firm, I've done a number of audits of both private & government institutions.

Can anyone please help

Salmancert · 08-27-2009, 04:45 PM

<blockquote id="quote">quote<hr height="1" noshade id="quote">Originally posted by ausmanpk2001
 I'm working with an audit firm. I am asked question by a foreign employer about my exposure to IFRS & IAS. I'm not exactly sure what to answer. Attached with this firm, I've done a number of audits of both private & government institutions.

Can anyone please help
<hr height="1" noshade id="quote"></blockquote id="quote">

Dear Ausman,
How are you? good to see that you have been posting a long time, in between you were gone.

As far as your question is concerned, whenever any employer asks you about IAS/IFRS exposure they mean whether you know what is it and whether you have working knowledge of applying and interpreting IAS/IFRS. we in audit practice got to see a lot of different type of Financial statements and sometime provide guidance to client about their IAS/IFRS disclosure, treatment of certain components and presentation. If you ever had a chance to prepare Financial statements for a company, you must have applied all the relevant standards in this regard. According to my knowledge, it is adequate and shall be prefered upon an accountant who works in one sector and apply his knowledge to the FS of his employer.

any other questions???

ausmanpk2001 · 08-31-2009, 04:22 AM

Hi Salman. Its really been a long time -)

Thank you very much for the reply

These days I'm planning to move to Saudia to work with a big4 there. Lets see what happens!