Financial Statements Review
Review financial statements in accordance with applicable frameworks and regulatory requirements
Type
Functional
Competency Area
Investment and Financial Management
Levels
Perform financial models, valuation models, financial statement analysis and valuation analysis
Check financial statements to validate accuracy
Calculate ratios for assessing entity’s financial position
Calculate ratios for assessing entity’s profitability
Review financial models, forecasts, and valuation analysis
Review the recognition, measurement, presentation and disclosure of transactions and events within the financial statements
Prepare and interpret performance and position of an entity using financial statements
Align and check financial statement reviews with internal controls to mitigate financial reporting risks
Assess impact on client- owned business and personal wealth through financial statement analysis
Evaluate financial, forecast and valuation models for consistency and reasonableness
Evaluate whether financial statements have been prepared in accordance with applicable financial reporting frameworks and regulatory requirements
Evaluate the fair presentation of financial statements relative to the nature of the business, the operating environment, and the entity's ability to continue as an on-going concern
Evaluate the financial performance, position and adaptability based on financial statement
Assess valuation conclusions
Determine the assumptions to be applied based on value, valuation approaches and methods
Evaluate financial, forecast and valuation models for consistency and reasonableness
Review financial modelling analysis and techniques to ensure alignment to organisation’s strategic directions4