ComplianceOnline brings to you a full day virtual webinar session which will help you understand the IFRS basics and the risk areas and how to recognize the opportunities for fraud and develop strategies to deal with it. Whether you will be involved in preparing IFRS financial statements or analyzing those statements, come to this class to discover where the high-risk areas are and what you can do about them.

1. ComplianceOnline Virtual Seminar - IFRS and Effective Fraud Prevention Strategies
December 21, Tuesday 10:00 AM EST | 05:00 PM EST
Why Should You Attend:
The switchover from GAAP to IFRS is causing some concern on the part of accountants. They can see where having to
make so many judgment decisions opens up the potential for fraud. There can be subtle pressure to use this discretion-
ary power to fudge the numbers a little bit.
ComplianceOnline brings to you a full day virtual webinar session which will help you understand the IFRS basics and the
risk areas and how to recognize the opportunities for fraud and develop strategies to deal with it. Whether you will be
involved in preparing IFRS financial statements or analyzing those statements, come to this class to discover where the
high-risk areas are and what you can do about them.
Date: December 21, Tuesday 2010
Time: 10:00 AM EST | 05:00 PM EST
Duration: 6 hrs
Instructor: Mike Morley
Location: Your office or conference room (no need to travel!)
Learning Objectives:
Within only one day, attendees will
• Understand the basics of International Financial Reporting Standards.
• Understand the big risk areas of IFRS.
• Recognize opportunities for fraud in IFRS.
• Develop strategies and policies for dealing with fraud in IFRS.
• Practice with practical examples.
Mike Morley
Register Now

2. Contents Overview:
• Overview of IFRS:
o Deadlines
o First-Time Adoption
o Principles for decision-making
• 4 risk areas of IFRS and fraud:
o Asset valuation
o Revenue recognition
o Offsetting
o Reserves
• Intriguing famous fraud cases: How did they get away with it?
• The Fraud Triangle:
o Opportunity
o Rationalization
o Pressure/need
• Red flags:
o Vague Management Discussion & Analysis
o Confusing financial statement notes
o Incomplete schedules, and others
• Strategy and policy development practice using examples from public companies
Exercises, Examples and Interactive Discussion:
Practical examples, case studies and exercises will be dispersed into and between the presentations. About 50% of the
time will be dedicated to discussions and practical sessions. Interactive discussions will follow short practical cases. The
results will be discussed and conclusions will be documented by the presenter.
At the end of each module participants can ask verbal questions through the audio line. Written questions can be submit-
ted at any time.
Duration:
6 hours of instruction, exercises and discussions, one hour lunch, 15 min breaks as they fit into the schedule
Agenda (all in EST):
10.00-11:00 - IFRS Overview
11:00-12:00 - IFRS risk areas
12.00-01.00 - Lunch Breakbr
01:00-02:00 - The Fraud Triangle and Fraud cases: analysis and evaluation
02:30-03:30 - Seeing the Red Flags
03:30-04.45 - Real Life IFRS public company examples
04:45-05:00 - Wrap-up and final discussion

3. Who Will Benefit:
The following individuals or disciplines will benefit from attending this Webinar:
• Overview of IFRS:
• Senior executives of Publicly Accountable Enterprises
• Finance, Accounting Unit Vice Presidents, Directors and Managers
• Internal auditors
• Regulatory and Compliance Management
• Consultants
• External Auditors
Instructor Profile:
• “IFRS Simplified”, which provides a jump start for accountants and finance executives who want to quickly and easily
get up to date on IFRS.
• “Sarbanes-Oxley Simplified,” which is an easy-to-read explanation of the requirements of the U.S. legislation that
makes CEO's & CFO's personally responsible for the accuracy of their company's financial statements.
• “Financial Statement Analysis Simplified” which translates the accounting language of financial statements into clear,
easy-to-understand terms that anyone who needs to make well-informed financial decisions quickly will appreciate.
Mike Morley, is a Certified Public Accountant who holds the top credit designations in the U.S., Canada, and
the U.K. Mike is a recognized authority in the field of finance with more than 25 years experience.
An entertaining and informative speaker and trainer, Mike is the author of:
Registration Information:
* Register Online. Use your American Express, Visa or MasterCard.
* For more than one attendee get 20% off on the price of additional attendee.
* Get your group to attend the webinar at a discounted price call +1- 650-620-3937.
* Call +1 - 650-620-3937 or Fax your PO: 650-963-2556.
* Mail your check to: ComplianceOnline (MetricStream, Inc), 2600 E. Bayshore Road, Palo Alto, CA 94303.
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