How to identify manipulation of financial statements according to Czech and international accounting standards

Who are the intended participants?

• Credit analysts who provide loans to commercial companies.
• Leasing analysts who provide leases to companies.
• Investors who seek acquisitions, business partners and need to understand their partners’ financial result and performance, etc.

Programme

• What are the intended purposes and risks of different types of financial statements?
• What can one expect from an auditor?
• What are the consequences, obligations and options when applying international accounting standards (IFRS)?
• What are the major differences between CZ GAAP and IFRS and their effect on the financial statements, and room for manipulation.
• How can certain types of corporate transformations and business combinations be used to manipulate financial statements?
• Practical examples of financial statement manipulation; analysing individual balance sheet and income statement items.
• Specific real-life examples.

Benefits

After the completion of the course, you will be able to:

• Identify risk factors and areas for your analysis and subsequent decisions.
• Reveal opportunistic manipulations of financial statements.
• Adjust your financial analyses if presented with financial statements under IFRS.