The need for financial reporting<br><br>The regulatory environment drives an entity's financial reporting and external audit requirements. Finance professionals in management accounting should gain a full understanding of the regulatory environment in which their organisation operates and how to apply the requirements of laws, standards, and guidelines.<br><br>Acquire new skills to demonstrate your proficiency<br><br>- Elements of a regulatory environment and framework<br>- Legal and taxation systems that affect financial reporting<br>- IFRS standard-setting process<br>- External audit<br>- The OECD principles of corporate governance<br>- Internal control and risk management<br>- COSO's enterprise risk management framework<br><br>Gain practical experience<br><br>The exercises use genuine examples and are designed to give you real-world knowledge on how to apply daily accounting principles. Acquire a deeper understanding of the strategic importance of the regulatory environment and the need for financial reporting.