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International Finance Reporting and Auditing

International Finance Reporting and Auditing

Major Title: International Financial Reporting and Auditing

Major Description:
This specialized major provides comprehensive expertise in global financial reporting standards and international auditing practices. The program focuses on IFRS (International Financial Reporting Standards), ISA (International Standards on Auditing), and cross-border financial compliance, preparing students for careers in multinational accounting firms, corporate finance departments, and regulatory bodies. Students develop advanced skills in financial statement analysis, assurance services, and risk assessment within an international business context.

Learning Objectives:

  • Master IFRS and comparative GAAP analysis
  • Apply ISA for multinational audit engagements
  • Conduct cross-border financial due diligence
  • Evaluate foreign exchange and transfer pricing implications
  • Develop compliance strategies for multinational corporations
  • Utilize data analytics in international auditing
  • Understand ethical considerations in global financial reporting

Core Curriculum:

  1. International Financial Reporting Standards
    • IFRS conceptual framework
    • Complex standards (IFRS 9, 15, 16)
    • First-time adoption (IFRS 1)
  2. Global Auditing Standards
    • ISA risk assessment procedures
    • Group audit methodologies
    • Audit quality indicators
  3. Multinational Taxation
    • Transfer pricing regulations
    • Double taxation treaties
    • BEPS (Base Erosion and Profit Shifting)
  4. Consolidation & Foreign Operations
    • Currency translation (IAS 21)
    • Joint arrangements (IFRS 11)
    • Segment reporting (IFRS 8)
  5. Forensic Accounting
    • Fraud detection techniques
    • Anti-money laundering protocols
    • Digital forensics

Specialization Options:

  1. Financial Institutions Reporting
    • IFRS 9 for banks
    • Insurance contracts (IFRS 17)
  2. Sustainability Reporting
    • Integrated Reporting Framework
    • ESG (Environmental, Social, Governance) metrics
  3. Emerging Markets Focus
    • Local GAAP to IFRS conversion
    • Developing economy challenges

Practical Components:
✔ IFRS case study simulations
✔ Audit software training (Caseware, IDEA)
✔ 300-hour professional internship
✔ ACCA/CPA exam preparation modules

Technology Integration:

  • Blockchain applications in auditing
  • AI-powered financial analysis tools
  • Continuous auditing techniques

Career Pathways:

  • International Financial Reporting Specialist
  • Cross-Border Audit Manager
  • Financial Compliance Analyst
  • IFRS Conversion Consultant
  • Regulatory Affairs Advisor

Professional Advantages:

  • Exemption from 6 ACCA papers
  • Dual certification pathway
  • Global alumni network
  • Partner firms recruitment program

Industry-Relevant Projects:

  • IFRS vs. US GAAP conversion analysis
  • Multinational group audit planning
  • Digital financial reporting implementation

This program equips students with technical mastery of international standards and practical skills for navigating complex global financial landscapes, combining rigorous academic training with professional certification preparation to create world-ready accounting professionals.

İstanbul Gedik University

İstanbul Gedik University

Discover Istanbul Gedik University in Turkey, offering high-quality education and modern facilities since 2010.

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