International Financial Reporting Standards (IFRS)

IFRS provides a common financial reporting framework that enhances transparency, consistency, and comparability across jurisdictions. By adopting internationally recognised accounting principles, organisations can improve stakeholder confidence, facilitate investment decisions, and meet regulatory reporting expectations more effectively.

The training course examines the convergence between IFRS and the Saudi reporting environment overseen by SOCPA. Participants gain practical insight into the application of IFRS standards while understanding how local regulatory requirements influence financial statement preparation, disclosures, and reporting obligations.

Participants develop the ability to interpret and apply major IFRS standards, prepare compliant financial statements, assess accounting treatments, evaluate disclosures, and address reporting issues involving assets, financial instruments, consolidations, and business combinations. The training course focuses on practical application rather than theory alone.

The training course is highly relevant for internal auditors, external auditors, financial controllers, and finance professionals responsible for reviewing or validating financial information. A strong understanding of IFRS helps improve audit effectiveness, financial statement accuracy, and compliance monitoring.

Participants explore the reporting and disclosure requirements associated with IFRS 7, IFRS 9, IAS 32, IAS 39, and IFRS 13. The training course provides guidance on recognition, measurement, presentation, and fair value considerations that influence financial reporting outcomes and stakeholder disclosures.

Consolidation and acquisition activities can significantly impact financial reporting. Participants learn how to apply IFRS requirements related to consolidated financial statements, investments, business combinations, goodwill, and joint ventures, enabling them to produce more accurate and compliant financial information for complex organisational structures.

GRC Academy training courses are delivered in leading international business destinations, including London, Amsterdam, and Dubai. Sessions are hosted in carefully selected four- and five-star business hotels with professional meeting facilities that support focused learning, interaction, comfort, and confidentiality.

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GRC Academy provides both online and in-person options for all our training courses. Participants may join interactive virtual sessions or attend scheduled courses in major international locations, allowing them to select the option that best suits their professional commitments and availability.

GRC Academy develops customised in-house training courses that address each organisation’s strategic priorities, operational environment, and workforce capability requirements. Our team works closely with clients to tailor the course content, learning outcomes, and practical emphasis.

These tailored courses are designed to strengthen organisational capability, improve team performance, and support measurable and sustainable outcomes. For customised in-house training enquiries, please contact the GRC Academy Customer Service team at [email protected]