Maintaining Working Papers

The objective of the webinar is to help CIBA members understand the importance of well-maintained working papers in supporting financial statements and ensuring compliance. It will cover essential components, best practices, and practical strategies to enhance the accuracy and reliability of documentation in accounting processes.

2 CPD units 2 December 2024 1 presenter

What will set you apart

By completing this course you will gain the following competencies

Importance of Working Papers : Why maintaining thorough and accurate working papers is crucial for supporting financial statements and ensuring compliance with accounting standards.
Key Components : What essential elements must be included in well-organized working papers, including documentation of transactions, calculations, and analysis.
Best Practices : Practical tips for organizing, reviewing, and storing working papers efficiently.
Compliance and Standards : How to ensure that working papers meet professional and regulatory requirements.
Defensibility : How well-maintained working papers help protect the integrity of financial reports during audits, reviews, and investigations.
Practical Tools : Useful tools and techniques to streamline the preparation and management of working papers.

Event breakdown

Welcome and Introduction (5 minutes)
Overview of the session objectives
Importance of maintaining effective working papers
Understanding Working Papers (10 minutes)
Definition and purpose of working papers in accounting and auditing
The role of working papers in supporting financial statements
Key Components of Working Papers (15 minutes)
Essential elements of well-organized working papers
Documentation of transactions, calculations, and analysis
Best Practices for Maintaining Working Papers (15 minutes)
Tips for efficient organization, review, and storage
Ensuring accuracy and consistency in documentation
Compliance and Standards (10 minutes)
How to ensure working papers meet professional and regulatory requirements
The importance of defensibility during audits and reviews
Practical Tools and Techniques (10 minutes)
Tools to streamline preparation and management of working papers
Real-world examples and case studies
Q&A and Wrap-Up (5 minutes)
Open forum for questions and discussion
Final thoughts and key takeaways
Thank participants for their attendance
Provide information on upcoming CPD sessions and events

Category: Financial ReportingType: CPD CourseCPD category: Financial Reporting

Description

Join us for an engaging 1-hour webinar on “Maintaining Working Papers,” where you’ll discover how to streamline your accounting processes and elevate the quality of your financial documentation. Learn the secrets to creating organized, accurate, and compliant working papers that not only support financial statements but also protect your work during audits and reviews. Packed with practical tips, best practices, and easy-to-implement strategies, this session will help you boost efficiency, ensure accuracy, and stay ahead of the game in your profession. Don’t miss this chance to enhance your skills and bring new energy to your accounting workflow!

Presenters

Leana van der Merwe — Leana van der Merwe is a Chartered Accountant and Registered Auditor with over 18 years of experience in business accounting, audit and corporate governance. A former Audit Director and professional-body Technical and Standards Executive, she has guided more than 14,000 professionals through complex regulatory matters. Leana also serves on the PAFA Technical Advisory Group, the IFAC Anti-Money Laundering Committee and the IFRS Foundation SME Implementation Group.

You will earn a certificate

On successful completion you will receive a certificate for 2 CPD units in Financial Reporting.

Requirements

Laptop, desktop, or mobile device with internet access
Microsoft Edge, Google Chrome, Safari, or Firefox browser