Financial And Performance Reporting Regulation

Course details

The ability of any entity to demonstrate its overall performance is critical in achieving its goals and objectives as laid down in its Statement of Strategy. By measuring performance, both qualitatively and quantitatively, management can incorporate this knowledge into systems and processes to bring about positive change and maximise value for money in delivery of service.

Data and information on financial performance is produced by entities to satisfy management information requirements and statutory reporting requirements. The picture that the information gives will depend on context, perspective, timing and the rules underpinning how the information is gathered and presented.

Outcomes

At the end of the course, participants should be able to:

• Demonstrate knowledge of the regulatory framework governing the production of financial and performance reports.
• Appreciate the differences in regulation between public and private sectors in the area of financial reporting.
• Understand the limitations of financial and performance reporting.
• Appreciate the role of Auditors, Board and Executive in the production of financial and performance information.

Topics

The Financial Reporting Regulatory Framework

• National and International
• Public and Private Sectors

Key Financial and Performance Reports

• Public and Private Sectors

Financial and Performance Reporting

• Providing Assurance
• The Expectation Gap
• The role of the External Auditor
• The role of the Board