Red flag in preparing financial statements (How to use AI and an assistant to manage the risk) - Live webinar (20-Oct-2026)

HRD Corp Claimable Course (T&C applies*)
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Webinar sessions:
Session 1: 9:00am - 12:00pm;
Session 2: 2:00pm - 5:00pm.

Preparing financial statements in line with IFRS is no longer a routine compliance exercise, it is a demanding task filled with technical complexity and professional risk. Preparers must keep pace with evolving principles and frequent updates, while auditors face the equally tough job of validating interpretations and ensuring reliability. Gone are the days of applying Standards in isolation. Today, professional accountants must navigate a maze of IFRS requirements, regulatory pronouncements, and best-practice guidance. The challenge lies not only in technical application, but also in exercising sound judgement under scrutiny from users, regulators, and stakeholders.

Artificial Intelligence (AI) is emerging as a valuable tool in this environmenthelping preparers and auditors flag inconsistencies, analyse complex disclosures, and manage the risk of oversight. While AI cannot replace professional judgement, it can sharpen it by providing faster access to relevant guidance, scenario analysis, and risk alerts. This webinar equips professional accountants with both technical knowledge and practical methods, supported by intelligent use of AI tools, to manage the challenges of applying IFRS in todays complex reporting environment.

Key topics covered:

• Session 1: The Contemporary Financial Reporting Environment

• Session 2: The Red Flag in Recognition and Measurement Judgement

• Session 3: The Red Flag in Presenting and Disclosing

• Session 4: Ethical and Professional Red Flags

Presenter:

Tan Boon Wooi (Danny)

Danny is a consultant providing continuing professional development training for the accountancy profession as well as providing consultancy services on financial reporting technical matters. He has over 35 years experience in public practice, commerce, and industry. He was trained and qualified as a professional accountant with a firm in London. Danny conducts courses in IFRS and IPSAS in Europe, Middle East, and Asia Pacific. He is currently a member of the Small and Medium-size Entities Implementation Group (SMEIG) that consider the need to amend IFRS for SMEs Accounting Standard and make recommendation to the Board of IASB. He is also a project manager for the MASB and currently holds several advisory roles in financial reporting technical matters.