Maintaining Working Papers – December 2024

Date:

2 December, 2024

Time:

Available from 08:00

Hours:

1 hour

CPD Units:

Category:

Financial Reporting

Group:

Channel 0: Foundation, Channel 1: Compliance

Format:

Webinar

Product Information

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!

What will set you apart

By attending this webinar 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

1. Welcome and Introduction (5 minutes)
  - - Overview of the session objectives
  - - Importance of maintaining effective working papers

1. Understanding Working Papers (10 minutes)
  - - Definition and purpose of working papers in accounting and auditing
  - - The role of working papers in supporting financial statements

1. Key Components of Working Papers (15 minutes)
  - - Essential elements of well-organized working papers
  - - Documentation of transactions, calculations, and analysis

1. Best Practices for Maintaining Working Papers (15 minutes)
  - - Tips for efficient organization, review, and storage
  - - Ensuring accuracy and consistency in documentation

1. Compliance and Standards (10 minutes)
  - - How to ensure working papers meet professional and regulatory requirements
  - - The importance of defensibility during audits and reviews

1. Practical Tools and Techniques (10 minutes)
  - - Tools to streamline preparation and management of working papers
  - - Real-world examples and case studies

1. Q&A and Wrap-Up (5 minutes)
  - - Open forum for questions and discussion

1. Final thoughts and key takeaways
  - - Thank participants for their attendance
  - - Provide information on upcoming CPD sessions and events

Certificate

The following event is awarded 2 CPD units in Business Education – Financial Reporting

1 unit for 1-hour CPD webinar

1 unit for assessment completed

Presenter/s

Leana van der Merwe

Leana: Leana van der Merwe, with 18+ years in accounting and corporate governance, Leana leads technical support at CIBA and is a recognized thought leader in regulatory compliance.